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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables summarize the location and gross fair values of individual derivative instruments and the impact of legal rights of offset as reported in the Consolidated Balance Sheets, as of December 31, 2023 and 2022.
December 31, 2023:December 31, 2022:
Gross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the
Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged not
Offset in the
Consolidated
Balance
 Sheet		Net AmountGross
Amounts of
Recognized
Assets /
Liabilities		Gross
Amounts
Offset in the
Consolidated
Balance Sheet		Net Amounts
of Assets/
Liabilities
Presented
in the
Consolidated
Balance Sheet		Gross Amount
of Collateral
Received /
Pledged not
Offset in the
Consolidated
Balance
 Sheet		Net Amount
Other assets:
Interest rate swaps$25 $— $25 $— $25 $27 $— $27 $— $27 
Warrants1 — 1 — 1 1 — 1 — 1 
Total non-VIE derivative assets$26 $— $26 $— $26 $28 $— $27 $— $27 
Other liabilities:
Interest rate swaps$35 $— $35 $35 $— $38 $— $38 $38 $— 
Total non-VIE derivative liabilities$35 $— $35 $35 $— $38 $— $38 $38 $— 
Variable interest entities assets: Derivative and other assets:
Interest rate swaps$190 $— $190 $190 $— $190 $— $190 $— $190 
Currency swaps36 — 36 36 — $49 $— $49 $— $49 
Total VIE derivative assets$226 $— $226 $226 $— $239 $— $239 $— $239 
Variable interest entities liabilities: Derivative liabilities:
Interest rate swaps$1,197 $— $1,197 $— $1,197 $1,048 $— $1,048 $— $1,048 
Total VIE derivative liabilities$1,197 $— $1,197 $— $1,197 $1,048 $— $1,048 $— $1,048 
Summary of Location and Amount of Gains and Losses of Derivative Contracts
The following tables summarize the location and amount of gains and losses of derivative contracts in the Consolidated Statements of Total Comprehensive Income (Loss) for the years ended December 31, 2023, 2022 and 2021:
Location of Gain (Loss) Recognized
in Consolidated Statements of
Total Comprehensive Income (Loss)		Amount of Gain (Loss) Recognized in Consolidated Statement of Total Comprehensive Income (Loss) –
Year Ended December 31,
202320222021
Non-VIE derivatives:
Interest rate swapsNet gains (losses) on derivative contracts(1)65 13 
WarrantsNet gains (losses) on derivative contracts— 1 — 
Futures contractsNet gains (losses) on derivative contracts— 62 9 
Total Non-VIE derivatives(1)129 22 
Variable Interest Entities:
Currency swapsIncome (loss) on variable interest entities(1)24 2 
Interest rate swapsIncome (loss) on variable interest entities(62)541 (152)
Total Variable Interest Entities(63)565 (150)
Total derivative contracts$(64)$694 $(128)
Summary of Notional Amounts of AFS's Trading Derivative Products
As of December 31, 2023 and 2022, the notional amounts of AFS's derivatives are as follows:
Notional - December 31,
Type of Derivative20232022
Interest rate swaps—pay-fixed/receive-variable$141 $989 
Interest rate swaps—receive-fixed/pay-variable167 337 
Warrants:
At December 31, 2023 and 2022, Ambac holds warrants to purchase preferred stock of a development stage company.
Variable Interest Entity [Member]  
Summary of Notional Amounts of AFS's Trading Derivative Products The notional for VIE derivatives outstanding as of December 31, 2023 and 2022, were as follows:
Notional - December 31,
Type of VIE Derivative20232022
Interest rate swaps—receive-fixed/pay-variable$1,662 $1,573 
Interest rate swaps—pay-fixed/receive-variable864 887 
Currency swaps149 176