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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets:    
Fixed income securities, at fair value $ 5,402,395 $ 5,830,289
Fixed income securities pledged as collateral, at fair value (amortized cost of $265,517 in 2012 and $261,958 in 2011) 265,779 263,530
Short-term investments, at fair value (amortized cost of $661,219 in 2012 and $783,015 in 2011) 661,658 783,071
Other (approximates fair value) 100 100
Total investments 6,329,932 6,876,990
Cash 43,837 15,999
Restricted cash   2,500
Receivable for securities 761 38,164
Investment income due and accrued 39,742 45,328
Premium receivables 1,620,621 2,028,479
Reinsurance recoverable on paid and unpaid losses 159,086 159,902
Deferred ceded premium 177,893 221,303
Subrogation recoverable 497,346 659,810
Deferred acquisition costs 199,160 223,510
Loans 9,203 18,996
Derivative assets 48,005 175,207
Other assets 39,715 104,300
Total assets 27,007,164 27,113,695
Liabilities:    
Liabilities subject to compromise 1,704,904 1,707,421
Unearned premiums 2,778,401 3,457,157
Losses and loss expense reserve 6,619,486 7,044,070
Ceded premiums payable 94,527 115,555
Obligations under investment agreements 356,091 523,046
Obligations under investment repurchase agreements 5,926 23,500
Deferred taxes 1,586  
Current taxes 96,778 95,709
Long-term debt 150,170 223,601
Accrued interest payable 228,835 170,169
Derivative liabilities 453,214 414,508
Other liabilities 102,488 107,441
Payable for securities purchased 25 1,665
Total liabilities 30,254,131 30,263,228
Stockholders' deficit:    
Preferred stock, par value $0.01 per share; authorized shares-4,000,000; issued and outstanding shares-none      
Common stock, par value $0.01 per share; authorized shares-650,000,000 at December 31, 2012 and 2011; issued and outstanding shares-308,016,764 at December 31, 2012 and 2011 3,080 3,080
Additional paid-in capital 2,172,027 2,172,027
Accumulated other comprehensive income 625,385 463,259
Accumulated deficit (6,297,264) (6,039,922)
Common stock held in treasury at cost, 5,580,657 shares at December 31, 2012 and 5,587,953 shares at December 31, 2011 (410,755) (411,419)
Total Ambac Financial Group, Inc. stockholders' deficit (3,907,527) (3,812,975)
Noncontrolling interest 660,560 663,442
Total stockholders' deficit (3,246,967) (3,149,533)
Total liabilities and stockholders' deficit 27,007,164 27,113,695
Variable interest entity [Member]
    
Assets:    
Fixed income securities, at fair value 2,261,294 2,199,338
Restricted cash 2,290 2,140
Investment income due and accrued 4,101 4,032
Loans 15,568,711 14,329,515
Other assets 5,467 8,182
Liabilities:    
Long-term debt 15,436,008 14,288,540
Accrued interest payable 3,618 3,490
Derivative liabilities 2,221,781 2,087,052
Other liabilities $ 293 $ 304