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Consolidated Statements of Total Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 8 Months Ended 4 Months Ended 12 Months Ended
Dec. 31, 2013
Successor Ambac [Member]
Apr. 30, 2013
Predecessor Ambac [Member]
Dec. 31, 2012
Predecessor Ambac [Member]
Revenues:      
Net premiums earned $ 213,518 $ 130,000 $ 414,604
Net investment income:      
Securities available-for-sale and short-term 142,866 116,371 382,902
Other investments 3,580 369  
Total net investment income 146,446 116,740 382,902
Other-than-temporary impairment losses:      
Total other-than-temporary impairment losses (47,418) (467) (15,659)
Portion of loss recognized in other comprehensive income 654   9,669
Net other-than-temporary impairment losses recognized in earnings (46,764) (467) (5,990)
Net realized investment gains 4,467 53,305 72,101
Change in fair value of credit derivatives:      
Realized gains and other settlements 9,778 3,444 13,713
Unrealized gains (losses) 183,091 (63,828) (22,932)
Net change in fair value of credit derivatives 192,869 (60,384) (9,219)
Derivative products 114,771 (33,735) (125,004)
Net realized losses on extinguishment of debt     (177,580)
Other income 4,364 8,363 106,098
(Loss) income on variable interest entities (48,623) 426,566 27,777
Total revenues before expenses and reorganization items 581,048 640,388 685,689
Expenses:      
Losses and loss (benefit) expenses (185,138) (38,056) 683,630
Insurance intangible amortization 99,658    
Underwriting and operating expenses 68,769 44,566 139,029
Interest expense 84,950 31,025 112,320
Total expenses before reorganization items 68,239 37,535 934,979
Pre-tax income (loss) from continuing operations before reorganization items 512,809 602,853 (249,290)
Reorganization items 493 (2,745,180) 7,215
Pre-tax income (loss) from continuing operations 512,316 3,348,033 (256,505)
Provision for income taxes 7,514 755 2,849
Net income (loss) 504,802 3,347,278 (259,354)
Less: net loss attributable to the noncontrolling interest (417) (1,771) (2,676)
Net income (loss) attributable to common shareholders 505,219 3,349,049 (256,678)
Other comprehensive income (loss), after tax:      
Net income (loss) 504,802 3,347,278 (259,354)
Unrealized (loss) gain on securities, net of deferred income taxes of $0 (41,910) 175,347 166,252
Gain (loss) on foreign currency translation, net of deferred income taxes of $0 43,165 (428) (540)
Changes to postretirement benefit, net of tax of $0 10,847 185 (3,792)
Total other comprehensive income, net of tax 12,102 175,104 161,920
Total comprehensive income (loss) 516,904 3,522,382 (97,434)
Less: comprehensive loss attributable to the noncontrolling interest:      
Net loss (417) (1,771) (2,676)
Currency translation adjustments 441 229 (206)
Total comprehensive income (loss) attributable to Ambac Financial Group, Inc. $ 516,880 $ 3,523,924 $ (94,552)
Net income (loss) per share attributable to Ambac Financial Group, Inc. common shareholders $ 11.23 $ 11.07 $ (0.85)
Net income (loss) per diluted share attributable to Ambac Financial Group, Inc. common shareholders $ 10.91 $ 11.07 $ (0.85)