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Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Assets:    
Fixed income securities, at fair value (amortized cost of $5,303,723 and $5,435,385) $ 5,443,999 $ 5,554,215
Fixed income securities pledged as collateral, at fair value (amortized cost of $64,889 and $64,833) 64,908 64,905
Short-term investments, at fair value (amortized cost of $347,152 and $430,827) 347,055 430,788
Other investments 478,688 450,307
Total investments 6,334,650 6,500,215
Cash and cash equivalents 118,772 91,025
Receivable for securities 2,815 2,090
Investment income due and accrued 27,288 26,023
Premium receivables 652,677 661,337
Reinsurance recoverable on paid and unpaid losses 34,273 30,418
Deferred ceded premium 63,336 69,624
Subrogation recoverable 679,974 684,731
Loans 4,237 4,160
Derivative assets 74,397 77,742
Insurance intangible asset 931,159 962,080
Other assets 77,294 158,423
Total assets 22,763,560 22,635,702
Liabilities:    
Unearned premiums 924,686 967,258
Loss and loss expense reserves 4,510,329 4,380,769
Ceded premiums payable 40,201 42,529
Obligations under investment agreements 0 82,358
Obligations under investment agreements (1,746) (1,720)
Current taxes 25,936 14,280
Long-term debt 1,015,526 1,114,405
Accrued interest payable 396,924 421,975
Accrued interest payable 244,235 319,286
Other liabilities 67,881 76,589
Payable for securities purchased 15,983 1,084
Total liabilities 20,874,644 20,657,678
Stockholders’ equity:    
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0 0
Common Stock, Value, Issued 453 452
Additional paid-in capital 196,788 195,267
Accumulated other comprehensive income (2,775) (38,990)
Retained earnings 1,431,397 1,557,681
Treasury stock, shares at cost: 0 and 8,202 (1,057) (496)
Total Ambac Financial Group, Inc. stockholders’ equity 1,624,806 1,713,914
Noncontrolling interest 264,110 264,110
Total stockholders’ equity 1,888,916 1,978,024
Total liabilities and stockholders’ equity 22,763,560 22,635,702
Deferred Income Tax Liabilities, Net 1,746 1,720
Variable Interest Entity [Member]    
Assets:    
Fixed income securities, at fair value (amortized cost of $5,303,723 and $5,435,385) 2,663,719 2,622,566
Restricted cash 5,005 4,873
Loans 11,015,305 10,658,963
Derivative assets 75,459 80,407
Other assets 3,200 1,025
Liabilities:    
Long-term debt 11,564,054 11,155,936
Accrued interest payable 3,006 859
Accrued interest payable 2,064,105 2,078,601
Other liabilities $ 32 $ 29