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Insurance Contracts - Summary of Information Related to Policies Currently Included in Ambac's Loss Reserves or Subrogation Recoverable (Details)
$ in Millions
6 Months Ended 9 Months Ended
Jun. 30, 2024
Sep. 30, 2024
USD ($)
Policies
Dec. 31, 2023
USD ($)
Policies
Sep. 30, 2023
USD ($)
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Ceded Loss And Loss Expenses Paid Not Yet Recovered       $ 7
Number of policies | Policies   158 141  
Remaining weighted-average contract period (in years) 12 years 11 years    
Gross insured contractual payments outstanding:        
Principal   $ 2,736 $ 3,838  
Interest   1,152 1,421  
Total   3,887 5,259  
Gross undiscounted claim liability   1,103 1,202  
Discount, gross claim liability   404 426  
Gross claim liability before all subrogation and before reinsurance   (700) 777  
Less:        
Gross other subrogation   (263) (263)  
Discount, other subrogation   69 69  
Discounted other subrogation, before reinsurance   (195) (194)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (505) 583  
Less: Unearned premium reserves   (15) (28)  
Plus: Loss adjustment expenses reserves   1 4  
Claim liability reported on Balance Sheet, before reinsurance   491 559  
Reinsurance recoverable reported on Balance Sheet   27 30  
Financial Guarantee        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Ceded Loss And Loss Expenses Paid Not Yet Recovered   42    
Financial Guarantee        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Loss Reserves Ceded To Reinsurers   26 30  
Ceded Loss And Loss Expenses Paid Not Yet Recovered   $ 1 $ (1)  
I/SL [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   25 18  
Remaining weighted-average contract period (in years) 9 years 5 years    
Gross insured contractual payments outstanding:        
Principal   $ 428 $ 429  
Interest   68 75  
Total   497 505  
Gross undiscounted claim liability   1 1  
Discount, gross claim liability   0 0  
Gross claim liability before all subrogation and before reinsurance   (1) 1  
Less:        
Gross other subrogation   (12) (13)  
Discount, other subrogation   2 2  
Discounted other subrogation, before reinsurance   (10) (11)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   9 10  
Less: Unearned premium reserves   (1) 0  
Plus: Loss adjustment expenses reserves   0 0  
Claim liability reported on Balance Sheet, before reinsurance   (10) (10)  
Reinsurance recoverable reported on Balance Sheet   $ 0 $ 1  
IA [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   6 8  
Remaining weighted-average contract period (in years) 9 years 18 years    
Gross insured contractual payments outstanding:        
Principal   $ 198 $ 1,084  
Interest   180 328  
Total   379 1,412  
Gross undiscounted claim liability   9 19  
Discount, gross claim liability   2 2  
Gross claim liability before all subrogation and before reinsurance   (7) 17  
Less:        
Gross other subrogation   (3) (2)  
Discount, other subrogation   0 0  
Discounted other subrogation, before reinsurance   (3) (2)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (4) (15)  
Less: Unearned premium reserves   (2) (12)  
Plus: Loss adjustment expenses reserves   0 3  
Claim liability reported on Balance Sheet, before reinsurance   2 6  
Reinsurance recoverable reported on Balance Sheet   $ 0 $ 0  
II [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   13 9  
Remaining weighted-average contract period (in years) 13 years 12 years    
Gross insured contractual payments outstanding:        
Principal   $ 437 $ 430  
Interest   252 262  
Total   689 692  
Gross undiscounted claim liability   39 41  
Discount, gross claim liability   6 7  
Gross claim liability before all subrogation and before reinsurance   (33) 34  
Less:        
Gross other subrogation   (1) 0  
Discount, other subrogation   0 0  
Discounted other subrogation, before reinsurance   0 0  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (33) 34  
Less: Unearned premium reserves   (4) (4)  
Plus: Loss adjustment expenses reserves   0 0  
Claim liability reported on Balance Sheet, before reinsurance   29 30  
Reinsurance recoverable reported on Balance Sheet   $ 8 $ 8  
III [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   11 13  
Remaining weighted-average contract period (in years) 13 years 10 years    
Gross insured contractual payments outstanding:        
Principal   $ 260 $ 394  
Interest   91 139  
Total   351 534  
Gross undiscounted claim liability   220 324  
Discount, gross claim liability   65 86  
Gross claim liability before all subrogation and before reinsurance   (155) 239  
Less:        
Gross other subrogation   (32) (27)  
Discount, other subrogation   3 4  
Discounted other subrogation, before reinsurance   (28) (23)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (127) 215  
Less: Unearned premium reserves   2 0  
Plus: Loss adjustment expenses reserves   0 0  
Claim liability reported on Balance Sheet, before reinsurance   128 215  
Reinsurance recoverable reported on Balance Sheet   $ 13 $ 18  
IV [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   99 88  
Remaining weighted-average contract period (in years) 12 years 12 years    
Gross insured contractual payments outstanding:        
Principal   $ 1,390 $ 1,473  
Interest   545 600  
Total   1,935 2,073  
Gross undiscounted claim liability   797 772  
Discount, gross claim liability   324 323  
Gross claim liability before all subrogation and before reinsurance   (473) 450  
Less:        
Gross other subrogation   (205) (208)  
Discount, other subrogation   60 60  
Discounted other subrogation, before reinsurance   (145) (149)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (329) 301  
Less: Unearned premium reserves   (9) (10)  
Plus: Loss adjustment expenses reserves   0 1  
Claim liability reported on Balance Sheet, before reinsurance   320 292  
Reinsurance recoverable reported on Balance Sheet   $ 5 $ 3  
V [Member]        
Schedule of Insured Financial Obligations with Credit Deterioration [Line Items]        
Number of policies | Policies   4 5  
Remaining weighted-average contract period (in years) 7 years 8 years    
Gross insured contractual payments outstanding:        
Principal   $ 21 $ 27  
Interest   16 17  
Total   37 44  
Gross undiscounted claim liability   37 44  
Discount, gross claim liability   7 8  
Gross claim liability before all subrogation and before reinsurance   (30) 36  
Less:        
Gross other subrogation   (11) (11)  
Discount, other subrogation   3 3  
Discounted other subrogation, before reinsurance   (8) (8)  
Gross claim liability, net of all subrogation and discounts, before reinsurance   (22) 28  
Less: Unearned premium reserves   (1) (1)  
Plus: Loss adjustment expenses reserves   0 0  
Claim liability reported on Balance Sheet, before reinsurance   21 27  
Reinsurance recoverable reported on Balance Sheet   $ 0 $ 0