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Consolidated Statements Of Total Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Net premiums earned $ 94,950 $ 91,799
Net investment income 112,117 76,468
Other-than-temporary impairments:    
Total other-than-temporary impairment losses (4,311) (1,713)
Portion of loss recognized in other comprehensive income 1,240  
Net other-than-temporary impairment losses recognized in earnings (3,071) (1,713)
Net realized investment gains 392 2,450
Change in fair value of credit derivatives:    
Realized gains (losses) and other settlements 3,254 5,323
Unrealized losses (10,476) (14,226)
Net change in fair value of credit derivatives (7,222) (8,903)
Derivative products 46,957 21,004
Other income 64,793 28,303
Income (loss) on variable interest entities 15,220 (6,125)
Total revenues before expenses and reorganization items 324,136 203,283
Expenses:    
Losses and loss expenses (2,320) 919,647
Underwriting and operating expenses 36,534 45,467
Interest expense 33,839 30,260
Total expenses before reorganization items 68,053 995,374
Pre-tax gain (loss) from continuing operations before reorganization items 256,083 (792,091)
Reorganization items 2,461 24,805
Pre-tax gain (loss) from continuing operations 253,622 (816,896)
Provision for income taxes 300 2,350
Net income (loss) 253,322 (819,246)
Less: net gain attributable to the noncontrolling interest 2 33
Net income (loss) attributable to common shareholders 253,320 (819,279)
Other comprehensive income (loss), after tax:    
Net income (loss) 253,322 (819,246)
Unrealized (losses) gains on securities, net of deferred income taxes of $0 (20,904) 75,425
Less: reclassification adjustment for net (loss) gain included in net income (loss) (4,052) 1,015
Gain on foreign currency translation, net of deferred income taxes of $0 3,213 4,384
Amortization of postretirement benefit, net of tax (3,792) 711
Total other comprehensive (loss) income, net of tax (17,431) 79,505
Total comprehensive income (loss) 235,891 (739,741)
Less: comprehensive income (loss) attributable to the noncontrolling interest:    
Net income 2 33
Currency translation adjustments 31 44
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. $ 235,858 $ (739,818)
Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders $ 0.84 $ (2.71)
Net income (loss) per diluted share attributable to Ambac Financial Group, Inc. common shareholders $ 0.84 $ (2.71)
Weighted-average number of common shares outstanding:    
Basic 302,466,328 302,355,243
Diluted 302,580,597 302,355,243