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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Estimated Fair Value $ 3,546,006  
Short-term investments, at fair value 430,331 $ 557,270
Other Investments 391,217 431,630
Total investments 3,937,223 5,740,791
Cash and cash equivalents 63,089 623,703
Restricted Cash 19,405 0
Receivable for securities 3,351 11,177
Investment income due and accrued 11,576 16,532
Premium receivables 495,391 586,312
Reinsurance recoverable on paid and unpaid losses 23,133 40,997
Deferred ceded premium 61,134 52,195
Subrogation recoverable 1,932,960 631,213
Loans 9,913 10,358
Derivative assets 59,468 73,199
Income Taxes Receivable, Current 47,040 11,803
Insurance intangible asset 718,931 846,973
Other assets 112,788 46,614
Total assets 14,588,711 23,192,374
Liabilities:    
Unearned premiums 629,971 783,155
Loss and loss expense reserves 1,826,078 4,745,015
Ceded premiums payable 32,913 37,876
Deferred Income Tax Liabilities, Net 40,130 33,659
Long-term debt 2,928,929 991,696
Accrued interest payable 375,808 436,984
Derivative liabilities 76,699 82,782
Other liabilities 62,085 67,583
Payable for securities purchased 1,707 1,932
Variable interest entity liabilities:    
Total liabilities 12,955,564 21,547,116
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 shares: 45,365,170 and 45,275,982 454 453
Additional paid-in capital 219,429 199,560
Accumulated other comprehensive income (loss) (48,715) (52,239)
Retained earnings 1,421,302 1,233,845
Treasury stock, shares at cost: 28,892 and 24,816 (473) (471)
Total Ambac Financial Group, Inc. stockholders’ equity 1,591,997 1,381,148
Noncontrolling interest 41,150 264,110
Total stockholders’ equity 1,633,147 1,645,258
Total liabilities and stockholders’ equity 14,588,711 23,192,374
Variable Interest Entity [Member]    
Assets:    
Estimated Fair Value 2,737,286 2,914,145
Restricted Cash 999 978
Derivative assets 66,302 54,877
Other assets 1,058 1,123
Variable interest entity assets:    
Loans, at fair value 4,287,664 11,529,384
Liabilities:    
Long-term debt 5,268,596 12,160,544
Accrued interest payable 556 589
Derivative liabilities 1,712,062 2,205,264
Other liabilities 30 37
Fixed Income Securities [Member]    
Assets:    
Estimated Fair Value 3,115,675 4,652,172
Collateral Pledged [Member] | Fixed Income Securities [Member]    
Assets:    
Estimated Fair Value $ 0 $ 99,719