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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Assets:    
Fixed income securities, at fair value $ 3,048,000  
Total investments (net of allowance for credit losses of $0 at September 30, 2020) 3,551,000 $ 3,792,000
Cash and cash equivalents 37,000 24,000
Restricted Cash 10,000 55,000
Premiums Receivable, Net 372,000 416,000
Reinsurance Recoverable, Allowance for Credit Loss 0  
Reinsurance Recoverables, Including Reinsurance Premium Paid 37,000 26,000
Deferred ceded premium 73,000 82,000
Subrogation recoverable 2,194,000 2,029,000
Derivative assets 95,000 75,000
Income Taxes Receivable 2,000 11,000
Insurance intangible asset 383,000 427,000
Other assets 60,000 95,000
Total assets 12,812,000 13,320,000
Liabilities:    
Unearned premiums 468,000 518,000
Loss and loss expense reserves 1,801,000 1,548,000
Ceded premiums payable 27,000 29,000
Long-term debt 2,737,000 2,822,000
Accrued interest payable 499,000 441,000
Derivative Liability 126,000 90,000
Other liabilities 91,000 93,000
Total liabilities 11,718,000 11,783,000
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 0 0
Additional paid-in capital 240,000 232,000
Accumulated other comprehensive income 22,000 42,000
Retained earnings 773,000 1,203,000
Treasury stock, shares at cost: 0 and 8,202 (1,000) 0
Total Ambac Financial Group, Inc. stockholders’ equity 1,035,000 1,477,000
Noncontrolling interest 60,000 60,000
Total stockholders’ equity 1,095,000 1,536,000
Total liabilities and stockholders’ equity 12,812,000 13,320,000
Deferred Income Tax Liabilities, Net 28,000 32,000
Available-for-sale Securities, Amortized Cost Basis 2,914,000 3,187,000
Short-term Investments [Member]    
Assets:    
Fixed income securities, at fair value 586,000 653,000
Stockholders’ equity:    
Available-for-sale Securities, Amortized Cost Basis 586,000 653,000
Fixed Income Securities [Member]    
Assets:    
Fixed income securities, at fair value 2,311,000 2,577,000
Stockholders’ equity:    
Available-for-sale Securities, Amortized Cost Basis 2,176,000 2,450,000
Available-for-sale Securities 2,311,000 2,577,000
Short-term Investments [Member]    
Stockholders’ equity:    
Available-for-sale Securities 586,000 653,000
Other Investments [Member]    
Stockholders’ equity:    
Available-for-sale Securities 502,000 478,000
Collateral Pledged [Member] | Short-term Investments [Member]    
Assets:    
Fixed income securities, at fair value   85,000
Collateral Pledged [Member] | Fixed Income Securities [Member]    
Assets:    
Fixed income securities, at fair value 152,000 85,000
Collateral Pledged [Member] | Fixed Income Securities [Member] | Short-term Investments [Member]    
Assets:    
Fixed income securities, at fair value 152,000  
Stockholders’ equity:    
Available-for-sale Securities, Amortized Cost Basis 152,000 85,000
Collateral Pledged [Member] | Short-term Investments    
Stockholders’ equity:    
Available-for-sale Securities, Amortized Cost Basis 152,000 85,000
Collateralized Securities | Short-term Investments [Member]    
Stockholders’ equity:    
Available-for-sale Securities $ 152,000 $ 85,000