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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Successor [Member]    
Assets:    
Fixed income securities, at fair value $ 5,043,776 $ 4,725,686
Fixed income securities pledged as collateral, at fair value 64,555 64,267
Short-term investments, at fair value 225,789 360,065
Other investments 310,600 357,016
Total investments 5,644,720 5,507,034
Cash and cash equivalents 35,744 73,903
Receivable for securities 44,030 23,660
Investment income due and accrued 25,264 25,015
Premium receivables 831,575 1,000,607
Reinsurance recoverable on paid and unpaid losses 43,999 99,838
Deferred ceded premium 96,758 123,276
Subrogation recoverable 1,229,293 953,274
Loans 5,206 5,714
Derivative assets 84,995 109,017
Insurance intangible asset 1,212,112 1,410,920
Goodwill 0 514,511
Other assets 185,877 186,985
Total assets 23,728,070 25,159,864
Liabilities:    
Unearned premiums 1,280,282 1,673,785
Loss and loss expense reserves 4,088,106 4,752,007
Ceded premiums payable 53,494 60,436
Obligations under investment agreements 100,358 160,079
Deferred Income Tax Liabilities, Net 2,205 2,079
Current taxes 5,835 5,701
Long-term debt 1,124,950 971,116
Accrued interest payable 355,536 304,139
Derivative liabilities 353,358 406,944
Other liabilities 61,134 63,396
Payable for securities purchased 84,690 762
Total liabilities 21,769,724 23,486,129
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized shares; issued and outstanding shares—none 0 0
Common stock, par value $0.01 per share; 130,000,000 shares authorized, issued and outstanding shares; 45,044,222 and 45,005,932 450 450
Additional paid-in capital 190,813 189,138
Accumulated other comprehensive income 15,215 220,283
Retained earnings 1,478,439 989,290
Treasury stock, shares at cost: 8,202 and 2,459 (118) (56)
Total Ambac Financial Group, Inc. stockholders’ equity 1,684,799 1,399,105
Noncontrolling interest 273,547 274,630
Total stockholders’ equity 1,958,346 1,673,735
Total liabilities and stockholders’ equity 23,728,070 25,159,864
Successor [Member] | Variable Interest Entity [Member]    
Assets:    
Fixed income securities, at fair value 2,588,556 2,743,050
Investment income due and accrued 1,213 1,284
Other assets 2,582 2,891
Variable interest entity assets:    
Restricted cash 5,822 7,708
Loans, at fair value 11,690,324 12,371,177
Liabilities:    
Long-term debt 12,327,960 12,882,076
Accrued interest payable 3,230 3,268
Derivative liabilities 1,928,403 2,200,163
Other liabilities $ 183 $ 178