2021 Q4 Form 10-K Financial Statement

#000087450122000019 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $56.00M $282.0M $53.00M
YoY Change 5.66% 80.77% 26.19%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $5.000M
YoY Change 25.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.00M $57.00M $17.00M
YoY Change -29.41% -1.72% 15.65%
% of Gross Profit
Operating Expenses $31.00M $94.00M $50.00M
YoY Change -38.0% -74.87% -63.34%
Operating Profit
YoY Change
Interest Expense -$45.00M -$192.0M -$42.00M
YoY Change 7.14% -15.04% -37.03%
% of Operating Profit
Other Income/Expense, Net $1.000M $1.000M
YoY Change
Pretax Income -$19.00M -$32.00M -$12.00M
YoY Change 58.33% -92.74% -89.19%
Income Tax $3.000M $18.00M $2.000M
% Of Pretax Income
Net Earnings -$20.00M -$17.00M -$14.00M
YoY Change 42.86% -96.11% -87.27%
Net Earnings / Revenue -35.71% -6.03% -26.42%
Basic Earnings Per Share -$0.61 -$0.31
Diluted Earnings Per Share -$428.9K -$0.61 -$0.31
COMMON SHARES
Basic Shares Outstanding 46.30M shares 46.54M shares 45.81M shares
Diluted Shares Outstanding 46.54M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $17.00M $17.00M $20.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $23.00M $23.00M $25.00M
YoY Change -8.0% -8.0% 0.0%
Goodwill $46.00M $46.00M
YoY Change 0.0%
Intangibles $362.0M $409.0M
YoY Change -11.49% -4.22%
Long-Term Investments $9.128B $9.128B $51.00M
YoY Change 17798.04% -7.76% 10.87%
Other Assets $7.000M $7.000M $15.00M
YoY Change -53.33% -53.33% -73.68%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $12.30B $12.30B $13.22B
YoY Change -6.94% -6.94% -0.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $576.0M $604.0M $547.0M
YoY Change 5.3% 10.42% 16.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $576.0M $604.0M $553.0M
YoY Change 4.16% 9.22% 17.41%
LONG-TERM LIABILITIES
Long-Term Debt $6.446B $6.446B $7.232B
YoY Change -10.87% -10.87% -1.95%
Other Long-Term Liabilities $2.167B $2.139B $2.023B
YoY Change 7.1% 5.71% 11.77%
Total Long-Term Liabilities $8.613B $8.585B $9.255B
YoY Change -6.94% -7.24% 0.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $576.0M $604.0M $553.0M
Total Long-Term Liabilities $8.613B $8.585B $9.255B
Total Liabilities $11.19B $11.26B $12.07B
YoY Change -7.35% -7.22% 2.47%
SHAREHOLDERS EQUITY
Retained Earnings $726.0M $759.0M
YoY Change -4.35% -36.91%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.000M $1.000M
YoY Change 200.0%
Treasury Stock Shares 172.9K shares 55.94K shares
Shareholders Equity $1.038B $1.038B $1.080B
YoY Change
Total Liabilities & Shareholders Equity $12.30B $12.30B $13.22B
YoY Change -6.94% -6.94% -0.75%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$20.00M -$17.00M -$14.00M
YoY Change 42.86% -96.11% -87.27%
Depreciation, Depletion And Amortization $12.00M $57.00M $17.00M
YoY Change -29.41% -1.72% 15.65%
Cash From Operating Activities $5.000M -$131.0M -$8.000M
YoY Change -162.5% -25.14% -45.95%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $31.00M $5.000M $36.00M
YoY Change -13.89% -600.0% -82.74%
Cash From Investing Activities $31.00M $776.0M $36.00M
YoY Change -13.89% 79.63% -82.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.00M -$657.0M -43.00M
YoY Change -20.93% 116.83% -76.16%
NET CHANGE
Cash From Operating Activities 5.000M -$131.0M -8.000M
Cash From Investing Activities 31.00M $776.0M 36.00M
Cash From Financing Activities -34.00M -$657.0M -43.00M
Net Change In Cash 2.000M -$12.00M -15.00M
YoY Change -113.33% -73.91% -211.94%
FREE CASH FLOW
Cash From Operating Activities $5.000M -$131.0M -$8.000M
Capital Expenditures
Free Cash Flow
YoY Change

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<div style="margin-bottom:3pt;text-align:justify"><span style="color:#026dce;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Measurement of Credit Losses on Financial Instruments (CECL)</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">On January 1, 2020 Ambac adopted ASU 2016-13, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments-Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">subsequently amended by ASU 2018-19</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">, Codification Improvements to Topic 326, Financial Instruments - Credit Losses; </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">ASU 2019-04</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">; ASU 2019-05, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">; and ASU 2019-11, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Codification Improvements to Topic 326, Financial Instruments - Credit Losses (collectively the Current Expected Credit Loss standard or "CECL").</span></div><div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The CECL standard affects how reporting entities measure credit losses for financial assets that are not accounted for at fair value through net income. For Ambac, these financial assets include available-for-sale debt securities and amortized cost assets, specifically premium receivables, reinsurance recoverables and loans. CECL does not apply to subrogation recoveries of previously paid and unpaid losses on insurance contracts accounted for under ASC 944 nor does it apply to equity method investments accounted for under ASC 323. </span></div><div style="margin-bottom:3pt;padding-left:18pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:5.85pt">For available-for-sale debt securities, credit losses under CECL are measured similarly to other-than-temporary impairments under prior GAAP. The updated guidance was applied prospectively. </span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;padding-left:5.85pt">For financial instruments measured at amortized cost, CECL replaces the "incurred loss" model, which generally delayed recognition of the full amount of credit losses until the loss was probable of occurring, with an "expected loss" model, which reflects an entity's current estimate of all expected lifetime credit losses. The estimate of expected lifetime credit losses should consider historical information, current information, as well as reasonable and supportable forecasts. Expected lifetime credit losses for amortized cost assets will be recorded as an allowance for credit losses, with subsequent increases or decreases in the allowance reflected in net income each period. The updated guidance was applied by a cumulative effect adjustment to the opening balance of retained earnings at January 1, 2020. This adjustment was not material to retained earnings </span></div>or any individual balance sheet line item. Refer to the discussion below for each asset type. As a result of adopting CECL, management revised its policies and procedures around the credit impairment evaluation process. CECL also introduced new disclosures related to the credit impairment process, including certain accounting policy elections that Ambac made under the new standard.
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CY2020 us-gaap Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
P8Y3M18D
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q4 us-gaap Minority Interest
MinorityInterest
60000000 USD
CY2021Q4 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.80
CY2021Q4 ambc Business Combination Redeemable Noncontrolling Percentage
BusinessCombinationRedeemableNoncontrollingPercentage
0.20
CY2021Q4 ambc Business Combination Redeemable Noncontrolling Percentage
BusinessCombinationRedeemableNoncontrollingPercentage
0.20
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
7000000 USD
CY2020 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
7000000 USD
CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-1000000 USD
CY2021 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
12000000 USD
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
18000000 USD
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
7000000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7000000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
12000000 USD
CY2020Q2 ambc Uk Income Tax Rate
UKIncomeTaxRate
0.17
CY2019Q3 ambc Uk Income Tax Rate
UKIncomeTaxRate
0.19
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
15000000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
11000000 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
21000000 USD
CY2021Q4 ambc Reduction In Long Term Debt Through Long Term Debt Exchange
ReductionInLongTermDebtThroughLongTermDebtExchange
71000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
24000000 USD
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
5000000 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
13000000 USD
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
55000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81000000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications and RoundingReclassifications may have been made to prior years' amounts to conform to the current year's presentation. Certain amounts and tables in the consolidated financial statements and associated notes may not add due to rounding.
CY2021Q4 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.80
CY2021 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
81000000 USD
CY2021 ambc Business Combination Goodwill Expected Tax Deductible Amount Accumulated Amortization
BusinessCombinationGoodwillExpectedTaxDeductibleAmountAccumulatedAmortization
4000000 USD
CY2021Q4 ambc Business Combination Redeemable Noncontrolling Percentage
BusinessCombinationRedeemableNoncontrollingPercentage
0.20
CY2021Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
2140000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
141000000 USD
CY2021Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
16000000 USD
CY2021Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
2265000000 USD
CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
2807000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
149000000 USD
CY2020Q4 us-gaap Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8000000 USD
CY2020Q4 us-gaap Available For Sale Securities Current
AvailableForSaleSecuritiesCurrent
2949000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
565000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
565000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
457000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
457000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
406000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
411000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
168000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
188000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
1596000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
1620000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2140000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2265000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
768000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
14000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
41000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
810000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
16000000 USD
CY2021Q4 ambc Debt Securities Available For Sale Continuous Unrealized Loss Position
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition
783000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
14000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
41000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1000000 USD
CY2021Q4 ambc Debt Securities Available For Sale Unrealized Loss Position Including Pledged Securities
DebtSecuritiesAvailableForSaleUnrealizedLossPositionIncludingPledgedSecurities
825000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
16000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
816000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
25000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
841000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
816000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
7000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
25000000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
841000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
8000000 USD
CY2021 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
14000000 USD
CY2020 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
38000000 USD
CY2019 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
64000000 USD
CY2021 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
2000000 USD
CY2020 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
12000000 USD
CY2019 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
5000000 USD
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
0 USD
CY2020 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
0 USD
CY2019 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
0 USD
CY2021 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2020 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2019 us-gaap Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
0 USD
CY2021 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
7000000 USD
CY2020 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
22000000 USD
CY2019 us-gaap Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
81000000 USD
CY2019Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
12000000 USD
CY2020 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
1000000 USD
CY2020Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
12000000 USD
CY2021Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 USD
CY2021Q4 ambc Fair Value Of Securities Deposited With Governmental Authorities
FairValueOfSecuritiesDepositedWithGovernmentalAuthorities
17000000 USD
CY2020Q4 ambc Fair Value Of Securities Deposited With Governmental Authorities
FairValueOfSecuritiesDepositedWithGovernmentalAuthorities
8000000 USD
CY2021Q4 ambc Fair Valueof Securities Depositedin Connectionwtih Letterof Credit
FairValueofSecuritiesDepositedinConnectionwtihLetterofCredit
1000000 USD
CY2021Q4 ambc Market Valueof Secured Note Collateral
MarketValueofSecuredNoteCollateral
0 USD
CY2020Q4 ambc Market Valueof Secured Note Collateral
MarketValueofSecuredNoteCollateral
178000000 USD
CY2021Q4 ambc Unsettled Amounts Secured Notes From Lsni
UnsettledAmountsSecuredNotesFromLSNI
0 USD
CY2020Q4 ambc Unsettled Amounts Secured Notes From Lsni
UnsettledAmountsSecuredNotesFromLSNI
9000000 USD
CY2021Q4 ambc Fair Value Of Securities Held By Ambac Uk Where Capital Stock Of Auk Is Pledged As Collateral For Sitka Aac Note
FairValueOfSecuritiesHeldByAmbacUKWhereCapitalStockOfAUKIsPledgedAsCollateralForSitkaAACNote
669000000 USD
CY2021Q4 ambc Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
8000000 USD
CY2020Q4 ambc Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
0 USD
CY2020 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
103000000 USD
CY2019 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
183000000 USD
CY2021 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6000000 USD
CY2020 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6000000 USD
CY2019 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6000000 USD
CY2021 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
74000000 USD
CY2020 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
103000000 USD
CY2019 us-gaap Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
196000000 USD
CY2021 us-gaap Net Investment Income
NetInvestmentIncome
139000000 USD
CY2020 us-gaap Net Investment Income
NetInvestmentIncome
122000000 USD
CY2019 us-gaap Net Investment Income
NetInvestmentIncome
227000000 USD
CY2021 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
23000000 USD
CY2020 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
0 USD
CY2019 us-gaap Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
24000000 USD
CY2021 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
1000000 USD
CY2020 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
-18000000 USD
CY2019 us-gaap Trading Securities Realized Gain Loss
TradingSecuritiesRealizedGainLoss
7000000 USD
CY2021Q4 ambc Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
8000000 USD
CY2020Q4 ambc Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
0 USD
CY2021Q4 ambc Fair Value Inputs Yield Rate
FairValueInputsYieldRate
0.116
CY2021Q4 us-gaap Number Of Credit Risk Derivatives Held
NumberOfCreditRiskDerivativesHeld
1
CY2021 ambc Fair Value Financial Assets And Liabilities Transfers In Or Out Of Level3
FairValueFinancialAssetsAndLiabilitiesTransfersInOrOutOfLevel3
0
CY2021Q4 ambc Financial Guarantee Gross Outstanding Principal
FinancialGuaranteeGrossOutstandingPrincipal
34122000000 USD
CY2020Q4 ambc Financial Guarantee Gross Outstanding Principal
FinancialGuaranteeGrossOutstandingPrincipal
39070000000 USD
CY2021Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
28020000000 USD
CY2020Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
33888000000 USD
CY2021Q4 ambc Financial Guarantee Outstanding Principal Ceded To Third Parties
FinancialGuaranteeOutstandingPrincipalCededToThirdParties
6102000000 USD
CY2021Q4 ambc Amount Of Insured Par Outstanding Ceded To Reinsurer
AmountOfInsuredParOutstandingCededToReinsurer
2695000000 USD
CY2021 ambc Ceded Principal Outstanding Major Reinsurer Percentage
CededPrincipalOutstandingMajorReinsurerPercentage
0.079
CY2021Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
28020000000 USD
CY2020Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
33888000000 USD
CY2021Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
28020000000 USD
CY2020Q4 us-gaap Participating Policies Amount In Force
ParticipatingPoliciesAmountInForce
33888000000 USD
CY2021Q4 ambc Financial Guarantee Gross Outstanding Principal And Interest
FinancialGuaranteeGrossOutstandingPrincipalAndInterest
54272000000 USD
CY2020Q4 ambc Financial Guarantee Gross Outstanding Principal And Interest
FinancialGuaranteeGrossOutstandingPrincipalAndInterest
61895000000 USD
CY2021Q4 ambc Net Financial Guarantee Principal And Interest In Force
NetFinancialGuaranteePrincipalAndInterestInForce
42653000000 USD
CY2020Q4 ambc Net Financial Guarantee Principal And Interest In Force
NetFinancialGuaranteePrincipalAndInterestInForce
51603000000 USD
CY2021 ambc Percentage Of Highest Single Insured Risk Of Aggregate Net Par Amount Guaranteed
PercentageOfHighestSingleInsuredRiskOfAggregateNetParAmountGuaranteed
0.033
CY2021 us-gaap Direct Premiums Written
DirectPremiumsWritten
2000000 USD
CY2021 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
0 USD
CY2021 us-gaap Ceded Premiums Written
CededPremiumsWritten
35000000 USD
CY2021 us-gaap Premiums Written Net
PremiumsWrittenNet
-33000000 USD
CY2021 us-gaap Direct Premiums Earned
DirectPremiumsEarned
62000000 USD
CY2021 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
0 USD
CY2021 us-gaap Ceded Premiums Earned
CededPremiumsEarned
15000000 USD
CY2021 us-gaap Premiums Earned Net
PremiumsEarnedNet
47000000 USD
CY2020 us-gaap Direct Premiums Written
DirectPremiumsWritten
-1000000 USD
CY2020 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
0 USD
CY2020 us-gaap Ceded Premiums Written
CededPremiumsWritten
-1000000 USD
CY2020 us-gaap Premiums Written Net
PremiumsWrittenNet
0 USD
CY2020 us-gaap Direct Premiums Earned
DirectPremiumsEarned
65000000 USD
CY2020 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1000000 USD
CY2020 us-gaap Ceded Premiums Earned
CededPremiumsEarned
12000000 USD
CY2020 us-gaap Premiums Earned Net
PremiumsEarnedNet
54000000 USD
CY2019 us-gaap Direct Premiums Written
DirectPremiumsWritten
-28000000 USD
CY2019 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
0 USD
CY2021 us-gaap Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
-35000000 USD
CY2020 us-gaap Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
-46000000 USD
CY2019 us-gaap Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
48000000 USD
CY2021 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
-27000000 USD
CY2019 us-gaap Ceded Premiums Written
CededPremiumsWritten
31000000 USD
CY2019 us-gaap Premiums Written Net
PremiumsWrittenNet
-60000000 USD
CY2019 us-gaap Direct Premiums Earned
DirectPremiumsEarned
75000000 USD
CY2019 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
0 USD
CY2019 us-gaap Ceded Premiums Earned
CededPremiumsEarned
10000000 USD
CY2019 us-gaap Premiums Earned Net
PremiumsEarnedNet
66000000 USD
CY2021 us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount
1000000 USD
CY2020 us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount
12000000 USD
CY2019 us-gaap Financial Guarantee Insurance Contracts Accelerated Premium Revenue Amount
FinancialGuaranteeInsuranceContractsAcceleratedPremiumRevenueAmount
10000000 USD
CY2021 us-gaap Premiums Earned Net Financial Guarantee Insurance Contracts
PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
47000000 USD
CY2020 us-gaap Premiums Earned Net Financial Guarantee Insurance Contracts
PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
54000000 USD
CY2019 us-gaap Premiums Earned Net Financial Guarantee Insurance Contracts
PremiumsEarnedNetFinancialGuaranteeInsuranceContracts
66000000 USD
CY2021Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
323000000 USD
CY2020Q4 us-gaap Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
370000000 USD
CY2021Q4 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
329000000 USD
CY2020Q4 us-gaap Premiums Receivable Gross
PremiumsReceivableGross
387000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
17000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
9000000 USD
CY2021 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
-6000000 USD
CY2020 us-gaap Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
9000000 USD
CY2021 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
-2000000 USD
CY2020 us-gaap Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
-2000000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
9000000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
17000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
9000000 USD
CY2020Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
370000000 USD
CY2019Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
416000000 USD
CY2018Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
495000000 USD
CY2020 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
-6000000 USD
CY2019 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
-38000000 USD
CY2021 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
8000000 USD
CY2020 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
9000000 USD
CY2019 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
11000000 USD
CY2021 ambc Financial Guarantee Insurance Contracts Premium Receivable Deconsolidationof Vie
FinancialGuaranteeInsuranceContractsPremiumReceivableDeconsolidationofVIE
0 USD
CY2020 ambc Financial Guarantee Insurance Contracts Premium Receivable Deconsolidationof Vie
FinancialGuaranteeInsuranceContractsPremiumReceivableDeconsolidationofVIE
0 USD
CY2019 ambc Financial Guarantee Insurance Contracts Premium Receivable Deconsolidationof Vie
FinancialGuaranteeInsuranceContractsPremiumReceivableDeconsolidationofVIE
3000000 USD
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
8000000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-4000000 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-2000000 USD
CY2021 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
-4000000 USD
CY2020 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
5000000 USD
CY2019 us-gaap Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
-6000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
320000000 USD
CY2020Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
370000000 USD
CY2019Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
416000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected During First Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFirstQuarterFollowingBalanceSheetDate
10000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During First Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFirstQuarterFollowingBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Second Quarter Following The Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Second Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate
9000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Fourth Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Fourth Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate
7000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than One And Within Two Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate
32000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than One And Within Two Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate
25000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Two And Within Three Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate
30000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Two And Within Three Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate
24000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Three And Within Four Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate
29000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Three And Within Four Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate
23000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Four And Within Five Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate
28000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Four And Within Five Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate
22000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Five And Within10 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate
113000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Five And Within10 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFiveAndWithin10YearsFromBalanceSheetDate
91000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than10 And Within15 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate
75000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than10 And Within15 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate
57000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than15 And Within20 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate
32000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than15 And Within20 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate
22000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than20 And Within25 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate
15000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than20 And Within25 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate
9000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than25 And Within30 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate
5000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than25 And Within30 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate
3000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than30 And Within35 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate
0 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than30 And Within35 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan30AndWithin35YearsFromBalanceSheetDate
0 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Premium Receivable Premium Expected To Be Collected
FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected
393000000 USD
CY2021Q4 us-gaap Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized
303000000 USD
CY2021Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1570000000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
1759000000 USD
CY2021Q4 us-gaap Salvage And Subrogation Recoveries Value
SalvageAndSubrogationRecoveriesValue
2092000000 USD
CY2020Q4 us-gaap Salvage And Subrogation Recoveries Value
SalvageAndSubrogationRecoveriesValue
2156000000 USD
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
-522000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
-397000000 USD
CY2021 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-bottom:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Below is the loss and loss reserve expense roll-forward, net of subrogation recoverable and reinsurance, for the affected periods.</span></div><div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:44.733%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.887%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.402%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.887%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.402%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.889%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Year Ended December 31,</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2019</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Beginning gross loss and loss expense reserves</span></div></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(397)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(482)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(107)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Reinsurance recoverable</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">33</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">23 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Beginning balance of net loss and loss expense reserves</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(430)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(508)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(130)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Losses and loss expenses (benefit) incurred:</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current year</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">—</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(89)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">210 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(88)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">225 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Loss and loss expenses (recovered) paid:</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:11.25pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Current year</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">—</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Prior years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">59</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">148 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">318 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">59</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">149 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">318 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Foreign exchange effect</span></div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">—</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(1)</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Ending net loss and loss expense reserves</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(577)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(430)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(436)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Impact of VIE consolidation</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">—</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(72)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Reinsurance recoverable </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">55</span><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">33 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">26 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Ending gross loss and loss expense reserves</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#211aff;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(522)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(397)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(482)</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Total losses and loss expenses (benefit) includes $5, $(11) and $(7) for the years ended December 31, 2021, 2020 and 2019, respectively, related to ceded reinsurance.</span></div><div style="margin-bottom:3pt;margin-top:3pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Ambac records the impact of estimated recoveries related to securitized loans in RMBS transactions that breached certain R&amp;W's by transaction sponsors within losses and loss expenses (benefit). The losses and loss expense (benefit) incurred associated with changes in estimated R&amp;W's recoveries for the year ended December 31, 2021, 2020 and 2019 was $20, $(23) and $42, respectively.</span></div><div style="margin-bottom:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Represents reinsurance recoverable on future loss and loss expenses. Additionally, the Balance Sheet line "Reinsurance recoverable on paid and unpaid losses" includes reinsurance recoverables (payables) of $0, $1 and $0 as of December 31, 2021, 2020 and 2019, respectively, related to previously presented loss and loss expenses and subrogation.</span></div>
CY2020Q4 ambc Liability For Claims And Claims Adjustment Expense Net Of Reinsurance Recoverables
LiabilityForClaimsAndClaimsAdjustmentExpenseNetOfReinsuranceRecoverables
-397000000 USD
CY2019Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
-482000000 USD
CY2018Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
-107000000 USD
CY2020Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
33000000 USD
CY2019Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
26000000 USD
CY2018Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
23000000 USD
CY2020Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
-430000000 USD
CY2019Q4 ambc Liability For Unpaid Claims And Claims Adjustment Expense Net Of Vie Consolidation
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNetOfVIEConsolidation
-508000000 USD
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
-130000000 USD
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
0 USD
CY2020 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
15000000 USD
CY2019 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1000000 USD
CY2021 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-89000000 USD
CY2020 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
210000000 USD
CY2019 us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
12000000 USD
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
-88000000 USD
CY2020 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
225000000 USD
CY2019 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
13000000 USD
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
0 USD
CY2020 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
1000000 USD
CY2019 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
0 USD
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
59000000 USD
CY2020 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
148000000 USD
CY2019 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
318000000 USD
CY2021 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
59000000 USD
CY2020 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
149000000 USD
CY2019 us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
318000000 USD
CY2021 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
0 USD
CY2020 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
2000000 USD
CY2019 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
-1000000 USD
CY2021Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
-577000000 USD
CY2020Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
-430000000 USD
CY2019Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
-436000000 USD
CY2019Q4 ambc Impactof Vie Consolidationon Gross Lossand Loss Reserves
ImpactofVIEConsolidationonGrossLossandLossReserves
-72000000 USD
CY2021Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
55000000 USD
CY2020Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
33000000 USD
CY2019Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
26000000 USD
CY2021Q4 ambc Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
-522000000 USD
CY2020Q4 ambc Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
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CY2019Q4 ambc Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
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CY2021 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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CY2020 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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11000000 USD
CY2019 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
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7000000 USD
CY2021 ambc Net Incurred Rmbs Subrogation Recoveries
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CY2020 ambc Net Incurred Rmbs Subrogation Recoveries
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23000000 USD
CY2019 ambc Net Incurred Rmbs Subrogation Recoveries
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CY2020Q4 ambc Ceded Loss And Loss Expenses Paid Not Yet Recovered
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CY2019Q4 ambc Ceded Loss And Loss Expenses Paid Not Yet Recovered
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CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
205 Policies
CY2021 us-gaap Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
P14Y
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
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CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
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2984000000 USD
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
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9286000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Gross Undiscounted Claim Liability
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CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Discount On Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability
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CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
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CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Rmbs Subrogation
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1737000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Rmbs Subrogation
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7000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation
1730000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation
633000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation
28000000 USD
CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Other Subrogation
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605000000 USD
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
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543000000 USD
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
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CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve
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45000000 USD
CY2021Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
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23000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
232 Policies
CY2020 us-gaap Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
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CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
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7573000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
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3443000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
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CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Gross Undiscounted Claim Liability
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CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Discount On Gross Claim Liability
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CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
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CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Rmbs Subrogation
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1753000000 USD
CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Rmbs Subrogation
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3000000 USD
CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
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1751000000 USD
CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Other Subrogation
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755000000 USD
CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Other Subrogation
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20000000 USD
CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Other Subrogation
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735000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
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394000000 USD
CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
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CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve
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CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
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CY2020Q4 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
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CY2020Q4 ambc Loss Reserves Ceded To Reinsurers
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CY2021Q4 ambc Public Finance Puerto Rico Net Par Outstanding
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CY2020Q4 ambc Ceded Loss And Loss Expenses Paid Not Yet Recovered
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CY2021Q4 ambc Eighth Amended Poa Proposed Debt Restructure Amount
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CY2021Q4 ambc Eighth Amended Poa Proposed Pension Obligation Restructure Amount
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50000000000 USD
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CY2021Q4 ambc Ccda Share Of Contingent Value Instrument
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CY2021Q4 ambc Nominal Cap Of Allowed Priga And Ccda Under Eighth Amended Poa
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CY2021Q4 ambc Stockholders Equity After Possible Increasein Domestic Public Finance Loss Reserves
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CY2021Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
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1730000000 USD
CY2021Q4 ambc Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance
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CY2020Q4 ambc Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
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1751000000 USD
CY2020Q4 ambc Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 ambc Stockholderes Equity After Possible Increase In Domestic Public Finance Loss Reserves
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CY2021Q4 ambc Deferred Ceded Premiums And Reinsurance Recoverables
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145000000 USD
CY2021Q4 us-gaap Reinsurance Payable
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CY2021Q4 us-gaap Letters Of Credit Outstanding Amount
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CY2021Q4 ambc Unsecured Reinsurance Recoverable All Other
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CY2021Q4 ambc Unsecured Reinsurance Recoverables
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CY2020Q4 ambc Average Annual Rate Of Return
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CY2021Q4 us-gaap Derivative Assets
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2021Q4 ambc Derivative Assets Net Amount
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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CY2021Q4 us-gaap Derivative Liabilities
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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93000000 USD
CY2021Q4 ambc Derivative Liabilities Net Amount
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
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CY2020Q4 us-gaap Derivative Assets
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
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CY2020Q4 ambc Derivative Assets Net Amount
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
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CY2020Q4 us-gaap Derivative Liabilities
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CY2020Q4 ambc Derivative Liabilities Gross Amount Of Collateral Cash And Securities Pledged Not Offset
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113000000 USD
CY2020Q4 ambc Derivative Liabilities Net Amount
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CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021 us-gaap Derivative Gain Loss On Derivative Net
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CY2020 us-gaap Derivative Gain Loss On Derivative Net
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CY2019 us-gaap Derivative Gain Loss On Derivative Net
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CY2021 ambc Derivative Gain Losson Derivatives Total Net
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CY2020 ambc Derivative Gain Losson Derivatives Total Net
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CY2019 ambc Derivative Gain Losson Derivatives Total Net
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CY2021Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2020Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
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CY2021Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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109000000 USD
CY2020Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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130000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2020 us-gaap Amortization Of Intangible Assets
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CY2019 us-gaap Amortization Of Intangible Assets
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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31000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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28000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2021 ambc Variable Interest Entity Changein Fair Valueof Assetsand Liabilities
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CY2020 ambc Variable Interest Entity Changein Fair Valueof Assetsand Liabilities
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CY2019 ambc Variable Interest Entity Changein Fair Valueof Assetsand Liabilities
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CY2021 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
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CY2020 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
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CY2019 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
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CY2021 ambc Variable Interest Entities Deconsolidation Gain Loss
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CY2020 ambc Variable Interest Entities Deconsolidation Gain Loss
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CY2019 ambc Variable Interest Entities Deconsolidation Gain Loss
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CY2021 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
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CY2020 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
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CY2019 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
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CY2019 us-gaap Variable Interest Entity Initial Consolidation Gain Or Loss
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CY2020Q4 ambc Deconsolidated Vie Assets
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CY2021Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
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CY2021Q4 ambc Variable Interest Entity Nonconsolidated Carrying Amount Insurance Assets
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CY2021Q4 ambc Variable Interest Entity Nonconsolidated Carrying Amount Insurance Liabilities
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CY2021Q4 ambc Variable Interest Entity Nonconsolidated Carrying Amount Derivative Net Assets Or Liabilities
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CY2020Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
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CY2020Q4 ambc Variable Interest Entity Nonconsolidated Carrying Amount Insurance Assets
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CY2020Q4 ambc Variable Interest Entity Nonconsolidated Carrying Amount Insurance Liabilities
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CY2020Q4 us-gaap Equity Method Investments
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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373000000 USD
CY2021 ambc Aggregate Par Amount Reissued
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255000000 USD
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
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ambc Make Whole Percentage Of Principal
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ambc Make Whole Percentage Of Principal
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CY2021Q4 ambc Reb Warranty Subrogation Recoveries Up To
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CY2021Q4 ambc Reb Warranty Subrogation Recoveries Up To
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1400000000 USD
CY2018Q1 ambc Tier2 Note Securityin Rmbs Litigation Settlement Proceeds
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1600000000 USD
CY2018Q1 ambc Tier2 Note Securityin Rmbs Litigation Settlement Proceeds
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1600000000 USD
CY2021Q4 ambc Discretionary Tier2 Note Mandatory And Optional Redemption Percent By Aac
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1
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Contract With Customer Performance Obligation Satisfied In Previous Period
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CY2021Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2020Q4 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
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CY2021Q4 us-gaap Contract With Customer Asset Net
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CY2020Q4 us-gaap Contract With Customer Asset Net
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2020Q4 us-gaap Contract With Customer Liability
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1000000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2020 ambc Warrant Exercised During Period Shares
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CY2020 us-gaap Stock Issued During Period Shares New Issues
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CY2019 us-gaap Stock Issued During Period Shares New Issues
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CY2016Q2 ambc First Warrant Buyback Authorization Dollars
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CY2016Q4 ambc Second Warrant Buy Back Authorized Dollars
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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2000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020 ambc Unrealized Losson Fx Tax Effect
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CY2019 ambc Unrealized Losson Fx Tax Effect
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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78000000 USD
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CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
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CY2021Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
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CY2021Q4 ambc Number Of Defined Contribution Plans
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345302 shares
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428355 shares
CY2021Q4 ambc Total Shareholder Return Modifier
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2021Q4 us-gaap Operating Lease Liability
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CY2020Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y8M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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4000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2021Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2021Q4 us-gaap Lessor Operating Lease Payments To Be Received
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CY2021Q4 ambc Equity Securities Excluded From Fair Value
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CY2021Q4 us-gaap Preferred Stock Shares Authorized
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CY2021Q4 us-gaap Preferred Stock Shares Outstanding
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CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2021Q4 us-gaap Common Stock Shares Authorized
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CY2020Q4 us-gaap Common Stock Shares Authorized
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2021 us-gaap Minority Interest Change In Redemption Value
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CY2021 us-gaap Proceeds From Contributions From Affiliates
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1991-04-29
CY2021Q4 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
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CY2021 us-gaap Business Combination Consideration Transferred1
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CY2021Q4 us-gaap Operating Loss Carryforwards
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CY2021 us-gaap Ceded Premiums Written
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35000000 USD
CY2021 us-gaap Assumed Premiums Written
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CY2021 ambc Ambc Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
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CY2020 us-gaap Direct Premiums Written
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CY2020 us-gaap Ceded Premiums Written
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CY2020 us-gaap Assumed Premiums Written
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CY2020 us-gaap Premiums Written Net
PremiumsWrittenNet
0 USD
CY2020 ambc Ambc Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
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CY2019 us-gaap Direct Premiums Written
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CY2019 us-gaap Ceded Premiums Written
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31000000 USD
CY2019 us-gaap Assumed Premiums Written
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CY2019 ambc Ambc Premiums Written Financial Guarantee Insurance Contracts Percentage Of Amount Assumed To Net
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0 Rate

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