Company:  AMBAC FINANCIAL GROUP INC (ABK)
Form Type:  10-K
Filing Date:  3/16/2009 
CIK:  0000874501 
Address:  ONE STATE ST PLZ 
City, State, Zip:  NEW YORK, New York 10004 
Telephone:  (212) 668-0340 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$0.90   		Change: 
-0.10 (-10.00%)  
Trade Time: 
Nov 20   		Market Cap: 
$258.83M
Description of Business
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  FORM 10-K
    Part I
      Item 1. Business.
      Item 1A. Risk Factors
      Item 1B. Unresolved Staff Comments
      Item 2. Properties.
      Item 3. Legal Proceedings.
      Item 4. Submission of Matters to a Vote of Security-Holders.
    Part II
      Item 5. Market for Registrant's Common Equity and Related ...
      Item 6. Selected Financial Data.
      Item 7. Management's Discussion and Analysis of Financial ...
        RESULTS OF OPERATIONS
        LIQUIDITY AND CAPITAL RESOURCES
      Item 7A. Quantitative and Qualitative Disclosures About ...
      Item 8. Financial Statements and Supplementary Data.
        Report of Independent Registered Public Accounting Firm
        Report of Independent Registered Public Accounting Firm
        BALANCE SHEET
        INCOME STATEMENT
        INCOME STATEMENT
        CASH FLOW
        Notes to Consolidated Financial Statements
      Item 9. Changes in and Disagreements with Accountants on ...
      Item 9A. Controls and Procedures.
      Item 9B. Other Information.
    Part III
      Item 10. Directors and Executive Officers of the Registrant.
      Item 11. Executive Compensation.
      Item 12. Security Ownership of Certain Beneficial Owners and ...
      Item 13. Certain Relationships and Related Transactions.
      Item 14. Principal Accountant Fees and Services.
    Part IV
      Item 15. Exhibits, Financial Statement Schedules, and ...
    SIGNATURES
    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    BALANCE SHEET
    INCOME STATEMENT
    INDEX TO EXHIBITS
  EXHIBIT 10.03
  EXHIBIT 10.07
  EXHIBIT 10.08
  EXHIBIT 12.01
  EXHIBIT 21.01
  EXHIBIT 23.1
    Consent of Independent Registered Public Accounting Firm
  EXHIBIT 24.01
    Power of Attorney
  EXHIBIT 24.02
    Power of Attorney
  EXHIBIT 24.03
    Power of Attorney
  EXHIBIT 24.04
    Power of Attorney
  EXHIBIT 24.05
    Power of Attorney
  EXHIBIT 24.06
    Power of Attorney
  EXHIBIT 24.07
    Power of Attorney
  EXHIBIT 24.08
    Power of Attorney
  EXHIBIT 24.09
    Power of Attorney
  EXHIBIT 31.1
    Certifications
  EXHIBIT 31.2
    Certifications
  EXHIBIT 32.1
    Certification of CEO Pursuant to
  EXHIBIT 32.2
    Certification of CFO Pursuant to
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