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Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Fixed income securities, at fair value $ 5,554,215 $ 5,043,776
Fixed income securities pledged as collateral, at fair value 64,905 64,555
Short-term investments, at fair value 430,788 225,789
Other investments 450,307 310,600
Total investments 6,500,215 5,644,720
Cash and cash equivalents 91,025 35,744
Receivable for securities 2,090 44,030
Investment income due and accrued 26,023 25,264
Premium receivables 661,337 831,575
Reinsurance recoverable on paid and unpaid losses 30,418 43,999
Deferred ceded premium 69,624 96,758
Subrogation recoverable 684,731 1,229,293
Loans 4,160 5,206
Derivative assets 77,742 84,995
Insurance intangible asset 962,080 1,212,112
Goodwill 0 0
Other assets 158,423 185,877
Total assets 22,635,702 23,728,070
Liabilities:    
Unearned premiums 967,258 1,280,282
Loss and loss expense reserves 4,380,769 4,088,106
Ceded premiums payable 42,529 53,494
Obligations under investment agreements 82,358 100,358
Deferred Income Tax Liabilities, Net 1,720 2,205
Current taxes 14,280 5,835
Long-term debt 1,114,405 1,124,950
Accrued interest payable 421,975 355,536
Derivative liabilities 319,286 353,358
Other liabilities 76,589 61,134
Payable for securities purchased 1,084 84,690
Variable interest entity liabilities:    
Total liabilities 20,657,678 21,769,724
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: 45,194,954 and 45,044,222 452 450
Additional paid-in capital 195,267 190,813
Accumulated other comprehensive income (loss) (38,990) 15,215
Retained earnings 1,557,681 1,478,439
Treasury stock, shares at cost: 22,458 and 8,202 (496) (118)
Total Ambac Financial Group, Inc. stockholders’ equity 1,713,914 1,684,799
Noncontrolling interest 264,110 273,547
Total stockholders’ equity 1,978,024 1,958,346
Total liabilities and stockholders’ equity 22,635,702 23,728,070
Variable Interest Entity [Member]    
Assets:    
Fixed income securities, at fair value 2,622,566 2,588,556
Derivative assets 80,407 0
Other assets 1,025 3,795
Variable interest entity assets:    
Restricted cash 4,873 5,822
Loans, at fair value 10,658,963 11,690,324
Liabilities:    
Long-term debt 11,155,936 12,327,960
Accrued interest payable 859 3,230
Derivative liabilities 2,078,601 1,928,403
Other liabilities $ 29 $ 183