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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Assets:    
Fixed income securities, at fair value $ 5,440,690 $ 5,830,289
Fixed income securities pledged as collateral, at fair value (amortized cost of $285,284 in 2012 and $261,958 in 2011) 285,860 263,530
Short-term investments (amortized cost of $713,137 in 2012 and $783,015 in 2011) 713,467 783,071
Other (approximates fair value) 100 100
Estimated fair value on investments 6,440,117 6,876,990
Cash 90,065 15,999
Restricted cash 2,500 2,500
Receivable for securities 10,005 38,164
Investment income due and accrued 37,182 45,328
Premium receivables 1,755,830 2,028,479
Reinsurance recoverable on paid and unpaid losses 172,439 159,902
Deferred ceded premium 190,540 221,303
Subrogation recoverable 514,084 659,810
Deferred acquisition costs 205,818 223,510
Loans 10,380 18,996
Derivative assets 97,464 175,207
Other assets 63,759 104,300
Total assets 26,947,892 27,113,695
Liabilities:    
Liabilities subject to compromise 1,707,408 1,707,421
Unearned premiums 2,985,542 3,457,157
Losses and loss expense reserve 7,034,224 7,044,070
Ceded premiums payable 94,089 115,555
Obligations under investment agreements 397,570 523,046
Obligations under investment repurchase agreements 18,276 23,500
Current taxes 97,379 95,709
Long-term debt 146,909 223,601
Accrued interest payable 210,108 170,169
Derivative liabilities 455,587 414,508
Other liabilities 98,161 107,441
Payable for securities purchased 15,009 1,665
Total liabilities 30,435,405 30,263,228
Stockholders' deficit:    
Preferred stock      
Common stock 3,080 3,080
Additional paid-in capital 2,172,027 2,172,027
Accumulated other comprehensive income 527,969 463,259
Accumulated deficit (6,440,840) (6,039,922)
Common stock held in treasury at cost (410,755) (411,419)
Total Ambac Financial Group, Inc. stockholders' deficit (4,148,519) (3,812,975)
Noncontrolling interest 661,006 663,442
Total stockholders' deficit (3,487,513) (3,149,533)
Total liabilities and stockholders' deficit 26,947,892 27,113,695
Variable Interest Entity [Member]
    
Assets:    
Fixed income securities, at fair value 2,160,113 2,199,338
Restricted cash 2,293 2,140
Investment income due and accrued 1,228 4,032
Loans 15,188,358 14,329,515
Other assets 5,717 8,182
Liabilities:    
Long-term debt 15,113,094 14,288,540
Accrued interest payable 825 3,490
Derivative liabilities 2,060,951 2,087,052
Other liabilities $ 273 $ 304