I have reproduced the Wikipedia page on Army Ants below. This is an excellent description of their Life Cycle and gives all of the information needed to discuss looking after these ants in captivity.
The Wikipedia Article:
The army ant syndrome refers to behavioral and reproductive traits such as obligate collective foraging, nomadism and highly specialized queens that allow these organisms to become the most ferocious social hunters.
Most ant species will send individual scouts to find food sources and later recruit others from the colony to help; however, army ants dispatch a cooperative, leaderless group of foragers to detect and overwhelm the prey at once. Army ants do not have a permanent nest but instead form many bivouacs as they travel. The constant traveling is due to the need to hunt large amounts of prey to feed its enormous colony population. Their queens are wingless and have abdomens that expand significantly during egg production. This allows for the production of 3-4 million eggs every month and often results in synchronized brood cycles, thus each colony will be formed of millions of individuals that descend from a single queen. All three of these traits are found to be in all army ant species and the defining traits of army ants.
Army ants have two phases of activity—a nomadic (wandering) phase and a stationary (statary) phase—that constantly cycle, and can be found throughout all army ants species.
The nomadic phase begins around 10 days after the queen lays her eggs. This phase will last approximately 15 days to let the larvae develop. The ants move during the day, capturing insects, spiders, and small vertebrates to feed their brood. At dusk, they will form their nests or bivouac, which they change almost daily. Among the army ants are some species that only venture out at night, but no adequate studies of their activities have been made. At the end of the nomadic phase, the larvae will spin pupal cases and no longer require food. The colony can then live in the same bivouac site for around 20 days, foraging only on approximately two-thirds of these days.
The stationary phase, which lasts about two to three weeks, begins when the larvae pupate. From this point on, the prey that were previously fed to the larvae are now fed exclusively to the queen. The abdomen (gaster) of the queen swells significantly, and she lays her eggs. At the end of the stationary phase, both the pupae emerge from their cocoons (eclosion) and the next generation of eggs hatch so the colony has a new group of workers and larvae. After this, the ants resume the nomadic phase.
Army ants will split into groups when the size of the colony has reached a size threshold which happens approximately every three years. Wingless virgin queens will hatch among a male sexual brood that will hatch at a later date. When the colony fissions, there are two ways new queens are decided. A possible outcome is a new queen will stay at the original nest with a portion of the workers and the male brood while the old queen will leave with the other portion of workers and find a new nest. Another possibility is that the workers will reject the old queen and new queens will head the two new colonies. The workers will affiliate with individual queens based on the pheromone cues that are unique to each queen. When new bivouacs are formed, communication between the original colony and the new bivouacs will cease to exist.
Being the largest ants on Earth, army ants, such as African Dorylus queens hold the world record in reproductive potential among the insects, with an egg-laying capacity of several millions per month. Army ant queens never have to leave the protection of the colony, where they mate with foreign incoming males which disperse on nuptial flights. The exact mating behavior of the army ant queen is still unknown, but observations seem to imply that queens may be fertilized by multiple males. Due to the queen's large reproductive potential, one colony of army ants can be related to a single queen.
When the queen ant passes away, there is no replacement and army ants cannot rear emergency queens. Most of the time, if the queen passes away, the colony will most likely die too. Queen loss can occur due to accidents during emigrations, predator attack, old age or illness. However, there are possibilities to avoid colony death. When a colony loses its queen, the worker ants will usually fuse with another colony that has a queen in a few days., Sometimes, the workers will backtrack along the paths of prior emigrations to search for a queen that has been lost or merge with a sister colony. By merging with a related colony, the workers would increase their overall inclusive fitness. The workers that merge into a new colony may cause the colony to increase in size by 50%.
Workers in army ant species have a unique role in selecting both the queen and the male mate.
When the queens emerge, the workers in the colony will form two ‘systems’ or arms in opposite directions. These queens that are hatched will move down either the arms and only two queens will succeed, one for each branch. The remaining new queens will be left in the middle and are abandoned to die. Two new bivouacs will be formed and break off into different directions. The workers will surround the two to-be queens and ensure they reach the arms and survive. These workers that surround the queens are affected by the CHC (pheromone) profile emitted from the new queen.
When males hatch from their brood, they will fly off to find a mate. For males to access the queen and mate, they must run through the workers in the colony. Males that are favored are superficially similar in size and shape to the queen. The males also produce large quantities of pheromones to pacify the worker ants.
In the colony, instead of having both queen and workers producing offspring, the queen is the sole reproductive in the colony. With queens mating with multiple males, workers are on average more closely related to the offspring of the queen that to the offspring of other workers. Both the queen and the daughter workers would benefit from producing sons, because worker reproduction has a colony cost or each worker is more related to the queen’s son than to other worker’s sons, the worker caste will oppose worker reproduction and pull their resources to only raise the queen’s offspring. Three factors have been suggested to rationalize the loss of worker reproduction in the presence of a queen. First, if the worker reproduces, it lowers the general performance of the colony because it is not working. Second, workers increase their inclusive fitness by policing other workers because they themselves are more related to the queen’s offspring than other worker’s offspring. Lastly, male larvae have a larger body size relative to workers, the larvae become too large to be transported so colonies with a sexual brood must remain in a nest for a period of 41–56 days as compared to non-reproductive colonies that remain in the nest an average of 17 days. This suggests that if workers produced sons, it would be produced asynchronously with the queen's sexual brood and not likely to be reared to adulthood as it would be hard for the worker to predict when the queen would reproduce.
When the queen of an army-ant colony dies, the workers may join another colony. In other cases, when two colonies of the same species meet, they usually change the marching direction to avoid conflicts.
The whole colony of army ants can consume up to 500,000 prey animals each day, so can have a significant influence on the population, diversity, and behavior of their prey. The prey selection differs with the species. Underground species prey primarily on ground-dwelling arthropods and their larvae, earthworms, and occasionally also the young of vertebrates, turtle eggs, or oily seeds. A majority of the species, the "colony robbers", specialize in the offspring of other ants and wasps. Only a few species seem to have the very broad spectrum of prey seen in the raiding species. Even these species do not eat every kind of animal. Although small vertebrates that get caught in the raid will be killed, the jaws of the American Eciton are not suited to this type of prey, in contrast to the African Dorylus. These undesired prey are simply left behind and consumed by scavengers or by the flies that accompany the ant swarm. Only a few species hunt primarily on the surface of the earth; they seek their prey mainly in leaf litter and in low vegetation. About five species hunt in higher trees, where they can attack birds and their eggs, although they focus on hunting other social insects along with their eggs and larvae. Colonies of army ants are large compared to the colonies of other Formicidae. Colonies can have over 15 million workers and can transport 3000 prey (items) per hour during the raid period.
When army ants forage, the trails that are formed can be over 20m wide and over 100m long. They stay on the path through the use of a concentration gradient of pheromones. The concentration of pheromone is highest in the middle of the trail, splitting the trail into two distinct regions: area with high concentration and two areas with low concentrations of pheromones. The outbound ants will occupy the outer two lanes and the returning ants will occupy the central lane. The returning worker ants have also to be found to emit more pheromones than those leaving the nest, causing the difference in concentration of pheromone in the trails. The pheromones will allow foraging to be much more efficient by allowing the army ants to avoid their own former paths and those of their conspecifics.
Army ants do not build a nest like most other ants. Instead, they build a living nest with their bodies, known as a bivouac. Bivouacs tend to be found in tree trunks or in burrows dug by the ants. The members of the bivouac hold onto each other's legs and so build a sort of ball, which may look unstructured to a layman's eyes, but is actually a well-organized structure. The older female workers are located on the exterior; in the interior are the younger female workers. At the smallest disturbance, soldiers gather on the top surface of the bivouac, ready to defend the nest with powerfulpincers and (in the case of the Aenictinae and Ecitoninae) stingers. The interior of the nest is filled with numerous passages and contains many chambers with food, the queen, the larvae, and the eggs