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Income Taxes (Tables) | 9 Months Ended
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Sep. 30, 2013
Income Tax Disclosure [Abstract] |
Major Jurisdictions | The following are the major jurisdictions in which Ambac and its affiliates operate and the earliest tax years subject to examination:
Jurisdiction |  | Tax Year |
United States |  |  | 2010 |
New York State |  |  | 2008 |
New York City |  |  | 2011 |
United Kingdom |  |  | 2006 |
Italy |  |  | 2007 |
Significant Portions of Deferred Tax Liabilities and Deferred Tax Assets | The tax effects of temporary differences that give rise to significant portions of the deferred tax liabilities and deferred tax assets at September 30, 2013 and December 31, 2012 are presented below:
|  | Successor Ambac – September 30, 2013 |  |  |  |  | Predecessor Ambac – December 31, 2012 |
Deferred tax liabilities: |  |  |  |  |  |  |  |  |  |
Insurance intangible |  | $ | 567,333 |  |  |  |  | $ | — |
Variable interest entities |  |  | 21,755 |  |  |  |  |  | 22,015 |
Deferred acquisition costs |  |  | — |  |  |  |  |  | 57,262 |
Unearned premiums and credit fees |  |  | 8,453 |  |  |  |  |  | 22,714 |
Unrealized gains on investments |  |  | 12,823 |  |  |  |  |  | — |
Other |  |  | 1,955 |  |  |  |  |  | 17,251 |
Total deferred tax liabilities |  |  | 612,319 |  |  |  |  |  | 119,242 |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |
Unrealized losses & impairments on investments |  |  | — |  |  |  |  |  | 12,605 |
Net operating loss and capital carryforward |  |  | 2,110,938 |  |  |  |  |  | 2,857,926 |
Loss reserves |  |  | 777,991 |  |  |  |  |  | 490,677 |
Compensation |  |  | 8,030 |  |  |  |  |  | 7,184 |
Other |  |  | 3,422 |  |  |  |  |  | 5,687 |
Sub-total deferred tax assets |  |  | 2,900,381 |  |  |  |  |  | 3,374,079 |
Valuation allowance |  |  | 2,289,673 |  |  |  |  |  | 3,256,423 |
Total deferred tax assets |  |  | 610,708 |  |  |  |  |  | 117,656 |
Net deferred tax liability |  | $ | (1,611 | ) |  |  |  | $ | (1,586 | )

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (c),(d)(2)-(3) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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