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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Successor Ambac [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Assets:    
Fixed income securities, at fair value (amortized cost of $5,927,254 in 2013 and $4,751,824 in 2012) $ 5,885,316 $ 5,402,395
Fixed income securities pledged as collateral, at fair value (amortized cost of $126,196 in 2013 and $265,517 in 2012) 126,223 265,779
Short-term investments, at fair value (amortized cost of $271,118 in 2013 and $661,219 in 2012) 271,119 661,658
Other investments, at fair value 241,069 100
Total investments 6,523,727 6,329,932
Cash 77,370 43,837
Receivable for securities 14,450 761
Investment income due and accrued 37,663 39,742
Premium receivables 1,453,021 1,620,621
Reinsurance recoverable on paid and unpaid losses 135,711 159,086
Deferred ceded premium 145,529 177,893
Subrogation recoverable 498,478 497,346
Deferred acquisition costs   199,160
Loans 6,179 9,203
Derivative assets 77,711 126,106
Insurance intangible asset 1,597,965  
Goodwill 514,511   
Other assets 35,927 39,715
Variable interest entity assets:    
Fixed income securities, at fair value 5,885,316 5,402,395
Investment income due and accrued 37,663 39,742
Loans (includes $13,398,895 and $15,359,073 at fair value) 6,179 9,203
Other assets 35,927 39,715
Total assets 27,106,939 27,085,265
Liabilities:    
Liabilities subject to compromise    1,704,904
Unearned premiums 2,255,680 2,778,401
Losses and loss expense reserve 5,968,712 6,619,486
Ceded premiums payable 85,424 94,527
Obligations under investment agreements 359,070 356,091
Obligations under investment repurchase agreements   5,926
Deferred taxes 2,199 1,586
Current taxes 738 96,778
Long-term debt 963,178 150,170
Accrued interest payable 294,817 228,835
Derivative liabilities 253,898 531,315
Other liabilities 67,377 102,488
Payable for securities purchased 4,654 25
Variable interest entity liabilities:    
Accrued interest payable 294,817 228,835
Long-term debt (includes $14,091,753 and $15,200,538 at fair value) 963,178 150,170
Derivative liabilities 253,898 531,315
Other liabilities 67,377 102,488
Total liabilities 26,128,517 30,332,232
Stockholders' equity (deficit):    
Preferred stock, value      
Common stock, value 450   
Additional paid-in capital 185,672 2,172,027
Accumulated other comprehensive income 11,661 625,385
Retained earnings (accumulated deficit) 505,219 (6,297,264)
Common stock held in treasury at cost, 937 shares at December 31, 2013 and 55,80,657 shares at December 31, 2012 (19)  
Total Ambac Financial Group, Inc. stockholders' equity (deficit) 702,983 (3,907,527)
Noncontrolling interest 275,439 660,560
Total stockholders' equity (deficit) 978,422 (3,246,967)
Total liabilities and stockholders' equity (deficit) $ 27,106,939 $ 27,085,265