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Consolidated Balance Sheets - Successor [Member] - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Assets:    
Fixed income securities, at fair value (amortized cost of $4,825,555 and $5,435,385) $ 4,978,118 $ 5,554,215
Fixed income securities pledged as collateral, at fair value (amortized cost of $99,424 and $64,833) 99,424 64,905
Short-term investments, at fair value (amortized cost of $716,666 and $430,827) 716,516 430,788
Other investments 439,987 450,307
Total investments 6,234,045 6,500,215
Cash and cash equivalents 107,018 91,025
Receivable for securities 68,686 2,090
Investment income due and accrued 20,137 26,023
Premium receivables 601,757 661,337
Reinsurance recoverable on paid and unpaid losses 45,976 30,418
Deferred ceded premium 54,773 69,624
Subrogation recoverable 703,930 684,731
Loans 10,390 4,160
Derivative assets 77,287 77,742
Insurance intangible asset 877,972 962,080
Other assets 48,228 158,423
Total assets 23,292,583 22,635,702
Liabilities:    
Unearned premiums 817,538 967,258
Loss and loss expense reserves 4,704,285 4,380,769
Ceded premiums payable 38,593 42,529
Obligations under investment agreements 0 82,358
Obligations under investment agreements (1,930) (1,720)
Current taxes 18,484 14,280
Long-term debt 988,148 1,114,405
Accrued interest payable 417,522 421,975
Derivative Liability 90,899 319,286
Other liabilities 65,840 76,589
Payable for securities purchased 55,486 1,084
Total liabilities 21,520,446 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 198,629 195,267
Accumulated other comprehensive income 62,680 (38,990)
Retained earnings 1,246,736 1,557,681
Treasury stock, shares at cost: 0 and 8,202 (471) (496)
Total Ambac Financial Group, Inc. stockholders’ equity 1,508,027 1,713,914
Noncontrolling interest 264,110 264,110
Total stockholders’ equity 1,772,137 1,978,024
Total liabilities and stockholders’ equity 23,292,583 22,635,702
Deferred Income Tax Liabilities, Net 1,930 1,720
Variable Interest Entity [Member]    
Assets:    
Fixed income securities, at fair value (amortized cost of $4,825,555 and $5,435,385) 2,785,608 2,622,566
Restricted cash 37,793 4,873
Loans 11,557,788 10,658,963
Derivative assets 57,714 80,407
Other assets 3,481 1,025
Liabilities:    
Long-term debt 12,229,569 11,155,936
Accrued interest payable 3,213 859
Derivative Liability 2,088,922 2,078,601
Other liabilities $ 17 $ 29