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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Successor Ambac [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Assets:    
Fixed income securities, at fair value (amortized cost of $5,795,824 in 2013 and $4,751,824 in 2012) $ 5,758,665 $ 5,402,395
Fixed income securities pledged as collateral, at fair value (amortized cost of $140,216 in 2013 and $265,517 in 2012) 140,273 265,779
Short-term investments, at fair value (amortized cost of $549,233 in 2013 and $661,219 in 2012) 549,229 661,658
Other investments, at fair value 237,446 100
Total investments 6,685,613 6,329,932
Cash 28,551 43,837
Receivable for securities 19,339 761
Investment income due and accrued 34,115 39,742
Premium receivables 1,436,010 1,620,621
Reinsurance recoverable on paid and unpaid losses 137,400 159,086
Deferred ceded premium 152,076 177,893
Subrogation recoverable 484,605 497,346
Deferred acquisition costs   199,160
Loans 6,148 9,203
Derivative assets 82,962 126,106
Current taxes 3,589  
Insurance intangible asset 1,620,952  
Goodwill 514,511  
Other assets 41,349 39,715
Variable interest entity assets:    
Fixed income securities, at fair value 5,758,665 5,402,395
Investment income due and accrued 34,115 39,742
Other assets 41,349 39,715
Total assets 28,633,638 27,085,265
Liabilities:    
Liabilities subject to compromise   1,704,904
Unearned premiums 2,303,627 2,778,401
Losses and loss expense reserve 5,884,660 6,619,486
Ceded premiums payable 86,028 94,527
Obligations under investment agreements 359,484 356,091
Obligations under investment repurchase agreements 1,370 5,926
Deferred taxes 1,611 1,586
Current taxes   96,778
Long-term debt 954,721 150,170
Accrued interest payable 271,330 228,835
Derivative liabilities 400,382 531,315
Other liabilities 77,270 102,488
Payable for securities purchased 82,144 25
Variable interest entity liabilities:    
Accrued interest payable 271,330 228,835
Long-term debt (includes $15,265,390 and $15,200,538 at fair value) 954,721 150,170
Derivative liabilities 400,382 531,315
Other liabilities 77,270 102,488
Total liabilities 27,746,888 30,332,232
Stockholders' equity (deficit):    
Preferred stock, value      
Common stock, value 450 3,080
Additional paid-in capital 184,566 2,172,027
Accumulated other comprehensive (loss) income (10,246) 625,385
Retained earnings (accumulated deficit) 436,656 (6,297,264)
Predecessor common stock held in treasury at cost, 5,580,657 shares at December 31, 2012    (410,755)
Total Ambac Financial Group, Inc. stockholders' equity (deficit) 611,426 (3,907,527)
Noncontrolling interest 275,324 660,560
Total stockholders' equity (deficit) 886,750 (3,246,967)
Total liabilities and stockholders' equity (deficit) $ 28,633,638 $ 27,085,265