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Financial Guarantee Insurance Contracts - Summary of Information Related to Policies Currently Included in Ambac's Loss Reserves or Subrogation Recoverable (Details)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2020
USD ($)
Policies
Dec. 31, 2019
USD ($)
Policies
Sep. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Loss Reserves Ceded To Reinsurers $ 36 $ 26 $ 26 $ 23
Ceded Loss And Loss Expenses Paid Not Yet Recovered $ 1 $ 0 $ 0  
Number of policies | Policies 242 221    
Remaining weighted-average contract period (in years) 15 years 15 years    
Gross insured contractual payments outstanding:        
Principal $ 7,752 $ 6,168    
Interest 3,639 3,029    
Total 11,391 9,197    
Gross undiscounted claim liability 2,404 2,434    
Discount, gross claim liability 259 541    
Gross claim liability before all subrogation and before reinsurance 2,145 1,893    
Less:        
Gross RMBS subrogation (1,760) (1,777)    
Discount, RMBS subrogation 2 49    
Discounted RMBS subrogation, before reinsurance (1,757) (1,727)    
Less:        
Gross other subrogation (799) (720)    
Discount, other subrogation 18 53    
Discounted other subrogation, before reinsurance (781) (666)    
Gross claim liability, net of all subrogation and discounts, before reinsurance (393) (501)    
Less: Unearned premium reserves (80) (54)    
Plus: Loss adjustment expenses reserves 80 73    
Claim liability reported on Balance Sheet, before reinsurance (393) (482)    
Reinsurance recoverable reported on Balance Sheet $ 37 $ 26    
I/SL [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 46 34    
Remaining weighted-average contract period (in years) 10 years 8 years    
Gross insured contractual payments outstanding:        
Principal $ 1,064 $ 668    
Interest 329 340    
Total 1,393 1,007    
Gross undiscounted claim liability 4 2    
Discount, gross claim liability 0 0    
Gross claim liability before all subrogation and before reinsurance 4 2    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 0    
Discount, other subrogation 0 0    
Discounted other subrogation, before reinsurance 0 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance 4 2    
Less: Unearned premium reserves (3) (1)    
Plus: Loss adjustment expenses reserves 2 1    
Claim liability reported on Balance Sheet, before reinsurance 2 1    
Reinsurance recoverable reported on Balance Sheet $ 0 $ 0    
IA [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 26 18    
Remaining weighted-average contract period (in years) 19 years 21 years    
Gross insured contractual payments outstanding:        
Principal $ 1,146 $ 510    
Interest 1,083 507    
Total 2,229 1,016    
Gross undiscounted claim liability 56 44    
Discount, gross claim liability 2 5    
Gross claim liability before all subrogation and before reinsurance 54 39    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 0    
Discount, other subrogation 0 0    
Discounted other subrogation, before reinsurance 0 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance 54 39    
Less: Unearned premium reserves (22) (9)    
Plus: Loss adjustment expenses reserves 2 1    
Claim liability reported on Balance Sheet, before reinsurance 34 30    
Reinsurance recoverable reported on Balance Sheet $ 6 $ 6    
II [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 16 11    
Remaining weighted-average contract period (in years) 8 years 9 years    
Gross insured contractual payments outstanding:        
Principal $ 614 $ 277    
Interest 492 128    
Total 1,106 404    
Gross undiscounted claim liability 41 21    
Discount, gross claim liability 1 1    
Gross claim liability before all subrogation and before reinsurance 41 20    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation 0 0    
Discount, other subrogation 0 0    
Discounted other subrogation, before reinsurance 0 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance 40 20    
Less: Unearned premium reserves (5) (1)    
Plus: Loss adjustment expenses reserves 1 1    
Claim liability reported on Balance Sheet, before reinsurance 37 20    
Reinsurance recoverable reported on Balance Sheet $ 10 $ 7    
III [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 16 16    
Remaining weighted-average contract period (in years) 16 years 17 years    
Gross insured contractual payments outstanding:        
Principal $ 1,511 $ 857    
Interest 260 366    
Total 1,771 1,223    
Gross undiscounted claim liability 536 541    
Discount, gross claim liability 71 152    
Gross claim liability before all subrogation and before reinsurance 465 389    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (37) (41)    
Discount, other subrogation 1 4    
Discounted other subrogation, before reinsurance (36) (37)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 429 353    
Less: Unearned premium reserves (18) (7)    
Plus: Loss adjustment expenses reserves 7 4    
Claim liability reported on Balance Sheet, before reinsurance 418 349    
Reinsurance recoverable reported on Balance Sheet $ 27 $ 24    
IV [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 135 139    
Remaining weighted-average contract period (in years) 14 years 14 years    
Gross insured contractual payments outstanding:        
Principal $ 3,386 $ 3,819    
Interest 1,465 1,678    
Total 4,851 5,498    
Gross undiscounted claim liability 1,726 1,778    
Discount, gross claim liability 185 381    
Gross claim liability before all subrogation and before reinsurance 1,541 1,397    
Less:        
Gross RMBS subrogation (1,760) (1,777)    
Discount, RMBS subrogation 2 49    
Discounted RMBS subrogation, before reinsurance (1,757) (1,727)    
Less:        
Gross other subrogation (749) (666)    
Discount, other subrogation 16 47    
Discounted other subrogation, before reinsurance (734) (620)    
Gross claim liability, net of all subrogation and discounts, before reinsurance (950) (950)    
Less: Unearned premium reserves (32) (35)    
Plus: Loss adjustment expenses reserves 68 67    
Claim liability reported on Balance Sheet, before reinsurance (913) (918)    
Reinsurance recoverable reported on Balance Sheet $ (6) $ (10)    
V [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies 3 3    
Remaining weighted-average contract period (in years) 2 years 3 years    
Gross insured contractual payments outstanding:        
Principal $ 32 $ 37    
Interest 10 11    
Total 41 48    
Gross undiscounted claim liability 41 48    
Discount, gross claim liability 0 2    
Gross claim liability before all subrogation and before reinsurance 41 46    
Less:        
Gross RMBS subrogation 0 0    
Discount, RMBS subrogation 0 0    
Discounted RMBS subrogation, before reinsurance 0 0    
Less:        
Gross other subrogation (13) (13)    
Discount, other subrogation 1 3    
Discounted other subrogation, before reinsurance (11) (10)    
Gross claim liability, net of all subrogation and discounts, before reinsurance 30 36    
Less: Unearned premium reserves 0 0    
Plus: Loss adjustment expenses reserves 0 0    
Claim liability reported on Balance Sheet, before reinsurance 30 36    
Reinsurance recoverable reported on Balance Sheet $ 0 $ 0