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Consolidated Statements of Total Comprehensive Loss (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues:    
Net premiums earned $ 414,604 $ 405,970
Net investment income 382,902 354,796
Other-than-temporary impairments:    
Total other-than-temporary impairment losses (15,659) (90,356)
Portion of loss recognized in other comprehensive income 9,669 26,513
Net other-than-temporary impairment losses recognized in earnings (5,990) (63,843)
Net realized investment gains 72,101 17,347
Change in fair value of credit derivatives:    
Realized gains and other settlements 13,713 17,001
Unrealized (losses) gains (22,932) 31,031
Net change in fair value of credit derivatives (9,219) 48,032
Derivative products (125,004) (280,824)
Net realized (losses) gains on extinguishment of debt (177,580) 3,119
Other income 106,098 25,535
Income (loss) on variable interest entities 27,777 (214,368)
Total revenues before expenses and reorganization items 685,689 295,764
Expenses:    
Losses and loss expenses 683,630 1,859,455
Underwriting and operating expenses 139,029 141,305
Interest expense 112,320 128,092
Total expenses before reorganization items 934,979 2,128,852
Pre-tax loss from continuing operations before reorganization items (249,290) (1,833,088)
Reorganization items 7,215 49,861
Pre-tax loss from continuing operations (256,505) (1,882,949)
Provision for income taxes 2,849 77,422
Net loss (259,354) (1,960,371)
Less: net (loss) gain attributable to the noncontrolling interest (2,676) 60
Net loss attributable to common shareholders. (256,678) (1,960,431)
Other comprehensive income, after tax:    
Net loss (259,354) (1,960,371)
Unrealized gains on securities, net of deferred income taxes of $0 221,150 120,637
Less: reclassification adjustment for net gain (loss) included in net loss, net of tax of $0 54,898 (48,614)
(Loss) gain on foreign currency translation, net of deferred income taxes of $0 (540) 1,528
Amortization of postretirement benefit, net of tax of $0 (3,792) 753
Total other comprehensive income, net of tax 161,920 171,532
Total comprehensive loss (97,434) (1,788,839)
Less: comprehensive (loss) income attributable to the noncontrolling interest:    
Net (loss) income (2,676) 60
Currency translation adjustments (206) 47
Total comprehensive loss attributable to Ambac Financial Group, Inc. $ (94,552) $ (1,788,946)
Loss per share attributable to Ambac Financial Group, Inc. common shareholders $ (0.85) $ (6.48)
Loss per diluted share attributable to Ambac Financial Group, Inc. common shareholders $ (0.85) $ (6.48)
Weighted-average number of common shares outstanding:    
Basic 302,468,867 302,439,299
Diluted 302,468,867 302,439,299