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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
3 Months Ended 6 Months Ended
Mar. 31, 2020
Jun. 30, 2021
USD ($)
Policies
Dec. 31, 2020
USD ($)
Policies
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Loss Reserves Ceded To Reinsurers   $ 30 $ 33 $ 35 $ 26
Ceded Loss And Loss Expenses Paid Not Yet Recovered   $ 1 $ 1 $ 1  
Number of policies | Policies   242 232    
Remaining weighted-average contract period (in years) 14 years 13 years      
Gross insured contractual payments outstanding:          
Principal   $ 6,545 $ 7,573    
Interest   3,028 3,443    
Total   9,573 11,016    
Gross undiscounted claim liability   2,239 2,395    
Discount, gross claim liability   320 303    
Gross claim liability before all subrogation and before reinsurance   1,919 2,092    
Less:          
Gross RMBS subrogation   (1,742) (1,753)    
Discount, RMBS subrogation   2 3    
Discounted RMBS subrogation, before reinsurance   (1,741) (1,751)    
Less:          
Gross other subrogation   (654) (755)    
Discount, other subrogation   27 20    
Discounted other subrogation, before reinsurance   (627) (735)    
Gross claim liability, net of all subrogation and discounts, before reinsurance   (449) (394)    
Less: Unearned premium reserves   (59) (72)    
Plus: Loss adjustment expenses reserves   52 68    
Claim liability reported on Balance Sheet, before reinsurance   (456) (397)    
Reinsurance recoverable reported on Balance Sheet   $ 30 $ 33    
I/SL [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   40 40    
Remaining weighted-average contract period (in years) 10 years 10 years      
Gross insured contractual payments outstanding:          
Principal   $ 894 $ 842    
Interest   328 279    
Total   1,222 1,121    
Gross undiscounted claim liability   4 3    
Discount, gross claim liability   0 0    
Gross claim liability before all subrogation and before reinsurance   4 3    
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 3    
Less: Unearned premium reserves   (2) (2)    
Plus: Loss adjustment expenses reserves   2 1    
Claim liability reported on Balance Sheet, before reinsurance   3 2    
Reinsurance recoverable reported on Balance Sheet   $ 1 $ 0    
IA [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   27 25    
Remaining weighted-average contract period (in years) 18 years 14 years      
Gross insured contractual payments outstanding:          
Principal   $ 508 $ 1,375    
Interest   716 1,011    
Total   1,224 2,386    
Gross undiscounted claim liability   13 49    
Discount, gross claim liability   1 2    
Gross claim liability before all subrogation and before reinsurance   12 47    
Less:          
Gross RMBS subrogation   0 0    
Discount, RMBS subrogation   0 0    
Discounted RMBS subrogation, before reinsurance   0 0    
Less:          
Gross other subrogation   (6) 0    
Discount, other subrogation   0 0    
Discounted other subrogation, before reinsurance   (6) 0    
Gross claim liability, net of all subrogation and discounts, before reinsurance   6 47    
Less: Unearned premium reserves   (4) (16)    
Plus: Loss adjustment expenses reserves   0 2    
Claim liability reported on Balance Sheet, before reinsurance   2 32    
Reinsurance recoverable reported on Balance Sheet   $ 1 $ 6    
II [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   20 15    
Remaining weighted-average contract period (in years) 8 years 14 years      
Gross insured contractual payments outstanding:          
Principal   $ 705 $ 595    
Interest   425 484    
Total   1,130 1,079    
Gross undiscounted claim liability   59 40    
Discount, gross claim liability   3 1    
Gross claim liability before all subrogation and before reinsurance   56 40    
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   56 39    
Less: Unearned premium reserves   (9) (5)    
Plus: Loss adjustment expenses reserves   1 1    
Claim liability reported on Balance Sheet, before reinsurance   47 35    
Reinsurance recoverable reported on Balance Sheet   $ 13 $ 9    
III [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   16 15    
Remaining weighted-average contract period (in years) 16 years 15 years      
Gross insured contractual payments outstanding:          
Principal   $ 1,389 $ 1,469    
Interest   185 215    
Total   1,574 1,685    
Gross undiscounted claim liability   559 541    
Discount, gross claim liability   114 85    
Gross claim liability before all subrogation and before reinsurance   445 456    
Less:          
Gross RMBS subrogation   0 0    
Discount, RMBS subrogation   0 0    
Discounted RMBS subrogation, before reinsurance   0 0    
Less:          
Gross other subrogation   (35) (36)    
Discount, other subrogation   2 1    
Discounted other subrogation, before reinsurance   (33) (35)    
Gross claim liability, net of all subrogation and discounts, before reinsurance   413 421    
Less: Unearned premium reserves   (15) (17)    
Plus: Loss adjustment expenses reserves   4 5    
Claim liability reported on Balance Sheet, before reinsurance   402 409    
Reinsurance recoverable reported on Balance Sheet   $ 23 $ 24    
IV [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   134 132    
Remaining weighted-average contract period (in years) 14 years 13 years      
Gross insured contractual payments outstanding:          
Principal   $ 3,009 $ 3,246    
Interest   1,350 1,427    
Total   4,359 4,673    
Gross undiscounted claim liability   1,539 1,690    
Discount, gross claim liability   198 213    
Gross claim liability before all subrogation and before reinsurance   1,341 1,477    
Less:          
Gross RMBS subrogation   (1,742) (1,753)    
Discount, RMBS subrogation   2 3    
Discounted RMBS subrogation, before reinsurance   (1,741) (1,751)    
Less:          
Gross other subrogation   (601) (706)    
Discount, other subrogation   23 18    
Discounted other subrogation, before reinsurance   (578) (689)    
Gross claim liability, net of all subrogation and discounts, before reinsurance   (977) (963)    
Less: Unearned premium reserves   (28) (30)    
Plus: Loss adjustment expenses reserves   45 59    
Claim liability reported on Balance Sheet, before reinsurance   (960) (933)    
Reinsurance recoverable reported on Balance Sheet   $ (8) $ (6)    
V [Member]          
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]          
Number of policies | Policies   5 5    
Remaining weighted-average contract period (in years) 7 years 7 years      
Gross insured contractual payments outstanding:          
Principal   $ 40 $ 47    
Interest   24 26    
Total   65 72    
Gross undiscounted claim liability   65 72    
Discount, gross claim liability   4 3    
Gross claim liability before all subrogation and before reinsurance   60 69    
Less:          
Gross RMBS subrogation   0 0    
Discount, RMBS subrogation   0 0    
Discounted RMBS subrogation, before reinsurance   0 0    
Less:          
Gross other subrogation   (12) (12)    
Discount, other subrogation   2 1    
Discounted other subrogation, before reinsurance   (10) (11)    
Gross claim liability, net of all subrogation and discounts, before reinsurance   50 58    
Less: Unearned premium reserves   (1) (1)    
Plus: Loss adjustment expenses reserves   0 0    
Claim liability reported on Balance Sheet, before reinsurance   49 57    
Reinsurance recoverable reported on Balance Sheet   $ 0 $ 0