2023 Q2 Form 10-Q Financial Statement
#000087450123000092 Filed on May 09, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
Revenue | $62.00M | $58.00M | $72.00M |
YoY Change | -27.91% | -51.26% | 28.57% |
Cost Of Revenue | $7.000M | $18.00M | |
YoY Change | -158.33% | -25.0% | |
Gross Profit | $55.00M | $40.00M | |
YoY Change | -43.88% | -57.89% | |
Gross Profit Margin | 88.71% | 68.97% | |
Selling, General & Admin | $36.00M | $36.00M | $51.00M |
YoY Change | |||
% of Gross Profit | 65.45% | 90.0% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | $14.00M |
YoY Change | 16.67% | ||
% of Gross Profit | 0.0% | 0.0% | |
Operating Expenses | $53.00M | $66.00M | $12.00M |
YoY Change | 82.76% | 127.59% | -61.29% |
Operating Profit | $2.000M | -$26.00M | |
YoY Change | -97.1% | -139.39% | |
Interest Expense | $16.00M | $16.00M | -$36.00M |
YoY Change | -64.44% | -63.64% | -20.0% |
% of Operating Profit | 800.0% | ||
Other Income/Expense, Net | -$1.000M | -$2.000M | -$1.000M |
YoY Change | -200.0% | ||
Pretax Income | -$11.00M | -$29.00M | $173.0M |
YoY Change | -283.33% | -1066.67% | -1010.53% |
Income Tax | $2.000M | $4.000M | -$2.000M |
% Of Pretax Income | -1.16% | ||
Net Earnings | -$13.00M | -$33.00M | $178.0M |
YoY Change | -360.0% | -1750.0% | -990.0% |
Net Earnings / Revenue | -20.97% | -56.9% | 247.22% |
Basic Earnings Per Share | -$0.29 | -$0.73 | |
Diluted Earnings Per Share | -$0.29 | -$0.73 | $3.82 |
COMMON SHARES | |||
Basic Shares Outstanding | 45.32M shares | 45.29M shares | 44.97M shares |
Diluted Shares Outstanding | 45.76M shares | 45.56M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.986B | $1.961B | $1.997B |
YoY Change | |||
Cash & Equivalents | $33.00M | $38.00M | $31.00M |
Short-Term Investments | $1.953B | $1.923B | $1.966B |
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $21.00M | ||
YoY Change | -8.7% | ||
Goodwill | $61.00M | $61.00M | $61.00M |
YoY Change | 32.61% | 32.61% | 32.61% |
Intangibles | $317.0M | $321.0M | $326.0M |
YoY Change | -3.94% | -8.29% | -9.94% |
Long-Term Investments | $6.338B | $6.484B | $6.389B |
YoY Change | -13.57% | -25.02% | -30.01% |
Other Assets | $266.0M | $256.0M | $17.00M |
YoY Change | 3700.0% | 357.14% | 142.86% |
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $8.132B | $8.219B | $7.973B |
YoY Change | -19.17% | -28.72% | -35.19% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $450.0M | $438.0M | $452.0M |
YoY Change | -19.5% | -26.14% | -21.53% |
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 | $450.0M | $438.0M | $452.0M |
YoY Change | -19.5% | -26.14% | -21.53% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.457B | $3.557B | $3.746B |
YoY Change | -37.48% | -44.13% | -41.89% |
Other Long-Term Liabilities | $1.549B | $1.620B | $1.235B |
YoY Change | -6.8% | -22.16% | -43.02% |
Total Long-Term Liabilities | $5.006B | $5.177B | $4.981B |
YoY Change | -30.39% | -38.71% | -42.17% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $450.0M | $438.0M | $452.0M |
Total Long-Term Liabilities | $5.006B | $5.177B | $4.981B |
Total Liabilities | $6.809B | $6.892B | $6.647B |
YoY Change | -25.97% | -34.6% | -40.58% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.191B | $1.206B | $1.245B |
YoY Change | 63.6% | 66.8% | 71.49% |
Common Stock | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $15.00M | $14.00M | $15.00M |
YoY Change | -6.25% | 600.0% | 400.0% |
Treasury Stock Shares | 1.685M shares | ||
Shareholders Equity | $1.250B | $1.254B | $1.252B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.132B | $8.219B | $7.973B |
YoY Change | -19.17% | -28.72% | -35.19% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$13.00M | -$33.00M | $178.0M |
YoY Change | -360.0% | -1750.0% | -990.0% |
Depreciation, Depletion And Amortization | $0.00 | $0.00 | $14.00M |
YoY Change | 16.67% | ||
Cash From Operating Activities | $23.00M | $77.00M | $1.277B |
YoY Change | 1050.0% | 755.56% | 25440.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $48.00M | -$8.000M | $431.0M |
YoY Change | -84.21% | 1290.32% | |
Cash From Investing Activities | $48.00M | $441.0M | $431.0M |
YoY Change | -84.21% | 224.26% | 1290.32% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -67.00M | -$276.0M | -1.684B |
YoY Change | -82.46% | 430.77% | 4852.94% |
NET CHANGE | |||
Cash From Operating Activities | 23.00M | $77.00M | 1.277B |
Cash From Investing Activities | 48.00M | $441.0M | 431.0M |
Cash From Financing Activities | -67.00M | -$276.0M | -1.684B |
Net Change In Cash | 4.000M | $243.0M | 24.00M |
YoY Change | -105.26% | 161.29% | 1100.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $23.00M | $77.00M | $1.277B |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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CY2022Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
|
22000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
58000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
119000000 | usd |
CY2023Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
18000000 | usd |
CY2022Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
24000000 | usd |
CY2023Q1 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
1000000 | usd |
CY2022Q1 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
0 | usd |
CY2023Q1 | us-gaap |
Insurance Commissions
InsuranceCommissions
|
8000000 | usd |
CY2022Q1 | us-gaap |
Insurance Commissions
InsuranceCommissions
|
5000000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
36000000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
29000000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7000000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
14000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
16000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
44000000 | usd |
CY2023Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
86000000 | usd |
CY2022Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
116000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
1000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-2000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
17000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-105000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
16000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-23000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodTax
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodTax
|
0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Financial Liability Fair Value Option Unrealized Gain Loss Arising During Period After Tax
OtherComprehensiveIncomeLossFinancialLiabilityFairValueOptionUnrealizedGainLossArisingDuringPeriodAfterTax
|
0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
|
0 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Plan Amendments Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansPlanAmendmentsTaxEffect
|
0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
0 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
36000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-127000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
3000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-125000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-125000000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.73 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.73 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45564276 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46731459 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45564276 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47359731 | shares |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1305000000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3000000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3000000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-5000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1307000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1098000000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-125000000 | usd |
CY2022Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5000000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
974000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
3000000 | usd |
CY2022Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
3000000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3000000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
6000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Unearned Premiums
IncreaseDecreaseInUnearnedPremiums
|
-11000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
-143000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Liability For Claims And Claims Adjustment Expense Reserve
IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve
|
6000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Reinsurance Payables
IncreaseDecreaseInReinsurancePayables
|
7000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
3000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Premiums Receivable
IncreaseDecreaseInPremiumsReceivable
|
-6000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-37000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
24000000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7000000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
14000000 | usd |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
10000000 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Operating Income Or Loss
VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
|
22000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
-14000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Derivative Assets And Liabilities
IncreaseDecreaseInDerivativeAssetsAndLiabilities
|
46000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
25000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-48000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
77000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
9000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
63000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
141000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
6000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
20000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
104000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
33000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
41000000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
45000000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
14000000 | usd |
CY2022Q1 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
25000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
-146000000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
|
114000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
-16000000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
54000000 | usd |
CY2023Q1 | ambc |
Proceeds From Financial Guaranty Variable Interest Entity Assets
ProceedsFromFinancialGuarantyVariableInterestEntityAssets
|
57000000 | usd |
CY2022Q1 | ambc |
Proceeds From Financial Guaranty Variable Interest Entity Assets
ProceedsFromFinancialGuarantyVariableInterestEntityAssets
|
47000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-8000000 | usd |
CY2022Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
441000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
136000000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5000000 | usd |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | usd |
CY2022Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | usd |
CY2023Q1 | ambc |
Paydownof Financial Guaranty Variable Interest Entity Liabilities
PaydownofFinancialGuarantyVariableInterestEntityLiabilities
|
174000000 | usd |
CY2022Q1 | ambc |
Paydownof Financial Guaranty Variable Interest Entity Liabilities
PaydownofFinancialGuarantyVariableInterestEntityLiabilities
|
49000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-276000000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-52000000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
243000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
93000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
61000000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
304000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
116000000 | usd |
CY2023Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1991-04-29 | |
CY2023Q1 | ambc |
Number Of Admitted Carriers Owned
NumberOfAdmittedCarriersOwned
|
5 | usd |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | level3financialinstruments |
CY2023Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-2000000 | usd |
CY2022Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1000000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
38000000 | usd |
CY2022Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60000000 | usd |
CY2022Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
20000000 | usd |
CY2021Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
18000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
0 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
0 | usd |
CY2022Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
0 | usd |
CY2023Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
20000000 | usd |
CY2022Q1 | us-gaap |
Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
|
18000000 | usd |
CY2023Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4000000 | usd |
CY2022Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2000000 | usd |
CY2022Q1 | ambc |
Non Cash Exchangeof Puerto Rico Bonds
NonCashExchangeofPuertoRicoBonds
|
185000000 | usd |
CY2023Q1 | ambc |
Securities Acquired Transferred In Transactions Related To Puerto Rico Restructurings
SecuritiesAcquiredTransferredInTransactionsRelatedToPuertoRicoRestructurings
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
10000000 | usd |
CY2022Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
7000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
304000000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
116000000 | usd |
CY2023Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin-top:3pt"><span style="color:#00497f;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Reclassifications and Rounding</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%">Reclassifications 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.</span></div> | |
CY2023Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | level3financialinstruments |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
14000000 | usd |
CY2022Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
15000000 | usd |
CY2023Q1 | us-gaap |
Insurance Commissions And Fees
InsuranceCommissionsAndFees
|
14000000 | usd |
CY2022Q1 | us-gaap |
Insurance Commissions And Fees
InsuranceCommissionsAndFees
|
9000000 | usd |
CY2022 | us-gaap |
Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
|
P8Y | |
CY2023Q1 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
1000000 | usd |
CY2022Q1 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
0 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
34000000 | usd |
CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
5000000 | usd |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
10000000 | usd |
CY2023Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
57000000 | usd |
CY2023Q1 | ambc |
Other Income Items
OtherIncomeItems
|
2000000 | usd |
CY2022Q1 | ambc |
Other Income Items
OtherIncomeItems
|
24000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
58000000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
119000000 | usd |
CY2023Q1 | us-gaap |
Incurred Claims Financial Guarantee Insurance Contracts
IncurredClaimsFinancialGuaranteeInsuranceContracts
|
18000000 | usd |
CY2022Q1 | us-gaap |
Incurred Claims Financial Guarantee Insurance Contracts
IncurredClaimsFinancialGuaranteeInsuranceContracts
|
24000000 | usd |
CY2023Q1 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
1000000 | usd |
CY2022Q1 | us-gaap |
Deferred Policy Acquisition Cost Amortization Expense
DeferredPolicyAcquisitionCostAmortizationExpense
|
0 | usd |
CY2023Q1 | us-gaap |
Insurance Commissions
InsuranceCommissions
|
8000000 | usd |
CY2022Q1 | us-gaap |
Insurance Commissions
InsuranceCommissions
|
5000000 | usd |
CY2023Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
36000000 | usd |
CY2022Q1 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
29000000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
0 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7000000 | usd |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
14000000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
16000000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
44000000 | usd |
CY2023Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
86000000 | usd |
CY2022Q1 | us-gaap |
Benefits Losses And Expenses
BenefitsLossesAndExpenses
|
116000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3000000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
8219000000 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
11531000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1983000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
1000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
31000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
90000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
1923000000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
2041000000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
0 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
31000000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
106000000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
1966000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Period Increase Decrease
DebtSecuritiesAvailableForSaleAllowanceForCreditLossPeriodIncreaseDecrease
|
1000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost
|
486000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
485000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost
|
536000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
508000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost
|
297000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
|
268000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost
|
53000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
|
47000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
|
1371000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
|
1307000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
1983000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
1923000000 | usd |
CY2023Q1 | ambc |
Debt Securities Available For Sale Continuous Unrealized Loss Position
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition
|
525000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
27000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
636000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
63000000 | usd |
CY2023Q1 | ambc |
Debt Securities Available For Sale Unrealized Loss Position Including Pledged Securities
DebtSecuritiesAvailableForSaleUnrealizedLossPositionIncludingPledgedSecurities
|
1161000000 | usd |
CY2023Q1 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
90000000 | usd |
CY2022Q4 | ambc |
Debt Securities Available For Sale Continuous Unrealized Loss Position
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition
|
869000000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
53000000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
400000000 | usd |
CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
53000000 | usd |
CY2022Q4 | ambc |
Debt Securities Available For Sale Unrealized Loss Position Including Pledged Securities
DebtSecuritiesAvailableForSaleUnrealizedLossPositionIncludingPledgedSecurities
|
1269000000 | usd |
CY2022Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
106000000 | usd |
CY2023Q1 | ambc |
Average Percentage Of Unrealized Loss Versus Amortized Cost For Investment Grade Securities
AveragePercentageOfUnrealizedLossVersusAmortizedCostForInvestmentGradeSecurities
|
0.08 | |
CY2023Q1 | ambc |
Average Percentage Of Unrealized Loss Versus Amortized Cost For Below Investment Grade Securities
AveragePercentageOfUnrealizedLossVersusAmortizedCostForBelowInvestmentGradeSecurities
|
0.06 | |
CY2023Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
2000000 | usd |
CY2022Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
1000000 | usd |
CY2023Q1 | us-gaap |
Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
|
21000000 | usd |
CY2022Q1 | us-gaap |
Interest And Dividend Income Securities Available For Sale
InterestAndDividendIncomeSecuritiesAvailableForSale
|
14000000 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
34000000 | usd |
CY2022Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
5000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
0 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
23000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
2000000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
15000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Not To Sell Before Recovery Credit Loss Previously Recorded Expense Reversal
DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotToSellBeforeRecoveryCreditLossPreviouslyRecordedExpenseReversal
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
|
0 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss Sell Before Recovery
DebtSecuritiesAvailableForSaleAllowanceForCreditLossSellBeforeRecovery
|
0 | usd |
CY2023Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
10000000 | usd |
CY2023Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
1000000 | usd |
CY2022Q1 | us-gaap |
Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
|
1000000 | usd |
CY2023Q1 | ambc |
Fair Value Of Securities Deposited With Governmental Authorities
FairValueOfSecuritiesDepositedWithGovernmentalAuthorities
|
23000000 | usd |
CY2022Q4 | ambc |
Fair Value Of Securities Deposited With Governmental Authorities
FairValueOfSecuritiesDepositedWithGovernmentalAuthorities
|
23000000 | usd |
CY2023Q1 | ambc |
Fair Valueof Securities Depositedin Connectionwtih Letterof Credit
FairValueofSecuritiesDepositedinConnectionwtihLetterofCredit
|
1000000 | usd |
CY2022Q4 | ambc |
Fair Valueof Securities Depositedin Connectionwtih Letterof Credit
FairValueofSecuritiesDepositedinConnectionwtihLetterofCredit
|
1000000 | usd |
CY2023Q1 | ambc |
Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
|
12000000 | usd |
CY2022Q4 | ambc |
Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
|
12000000 | usd |
CY2023Q1 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
7000000 | usd |
CY2022Q1 | us-gaap |
Net Realized Or Unrealized Gain Loss On Trading Securities
NetRealizedOrUnrealizedGainLossOnTradingSecurities
|
-13000000 | usd |
CY2023Q1 | us-gaap |
Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
|
2000000 | usd |
CY2022Q1 | us-gaap |
Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
|
-3000000 | usd |
CY2023Q1 | ambc |
Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
|
12000000 | usd |
CY2022Q4 | ambc |
Equity Securities Excluded From Fair Value
EquitySecuritiesExcludedFromFairValue
|
12000000 | usd |
CY2023Q1 | ambc |
Fair Value Inputs Yield Rate
FairValueInputsYieldRate
|
0.116 | |
CY2022Q4 | ambc |
Fair Value Inputs Yield Rate
FairValueInputsYieldRate
|
0.113 | |
CY2023Q1 | ambc |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Or Liability Transfers Into Or Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityTransfersIntoOrOutOfLevel3
|
0 | level3financialinstruments |
CY2022Q1 | ambc |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Or Liability Transfers Into Or Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetOrLiabilityTransfersIntoOrOutOfLevel3
|
0 | level3financialinstruments |
CY2023Q1 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
61000000 | usd |
CY2023Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
46000000 | usd |
CY2022Q1 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
30000000 | usd |
CY2022Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
23000000 | usd |
CY2023Q1 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
0 | usd |
CY2023Q1 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
0 | usd |
CY2022Q1 | us-gaap |
Assumed Premiums Written
AssumedPremiumsWritten
|
0 | usd |
CY2022Q1 | us-gaap |
Assumed Premiums Earned
AssumedPremiumsEarned
|
0 | usd |
CY2023Q1 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
43000000 | usd |
CY2023Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
32000000 | usd |
CY2022Q1 | us-gaap |
Ceded Premiums Written
CededPremiumsWritten
|
18000000 | usd |
CY2022Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
8000000 | usd |
CY2023Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
18000000 | usd |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
14000000 | usd |
CY2022Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
12000000 | usd |
CY2022Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
15000000 | usd |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
14000000 | usd |
CY2022Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
15000000 | usd |
CY2023Q1 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
272000000 | usd |
CY2022Q4 | us-gaap |
Premiums Receivable At Carrying Value
PremiumsReceivableAtCarryingValue
|
269000000 | usd |
CY2023Q1 | ambc |
Estimated Future Premium Payments Weighted Average Discounted Rate
EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate
|
0.030 | |
CY2022Q4 | ambc |
Estimated Future Premium Payments Weighted Average Discounted Rate
EstimatedFuturePremiumPaymentsWeightedAverageDiscountedRate
|
0.030 | |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Received Over Contract Period Premium Receivable Weighted Average Collection Period1
FinancialGuaranteeInsuranceContractsPremiumReceivedOverContractPeriodPremiumReceivableWeightedAverageCollectionPeriod1
|
P8Y | |
CY2023Q1 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
261000000 | usd |
CY2022Q4 | us-gaap |
Premiums Receivable Gross
PremiumsReceivableGross
|
259000000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5000000 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
9000000 | usd |
CY2023Q1 | us-gaap |
Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
|
0 | usd |
CY2022Q1 | us-gaap |
Premium Receivable Credit Loss Expense Reversal
PremiumReceivableCreditLossExpenseReversal
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
|
0 | usd |
CY2022Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Write Offs Against Allowance
PremiumsReceivableAllowanceForDoubtfulAccountsWriteOffsAgainstAllowance
|
0 | usd |
CY2023Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
|
0 | usd |
CY2022Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Recoveries
PremiumsReceivableAllowanceForDoubtfulAccountsRecoveries
|
0 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
5000000 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
8000000 | usd |
CY2023Q1 | ambc |
Past Due Premiums
PastDuePremiums
|
0 | usd |
CY2022Q1 | ambc |
Past Due Premiums
PastDuePremiums
|
1000000 | usd |
CY2022Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
|
254000000 | usd |
CY2021Q4 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
|
320000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
|
-9000000 | usd |
CY2022Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Proceeds From Premiums Received
FinancialGuaranteeInsuranceContractsPremiumReceivableProceedsFromPremiumsReceived
|
-15000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
|
7000000 | usd |
CY2022Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Change In Period Of Contract
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentChangeInPeriodOfContract
|
3000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
2000000 | usd |
CY2022Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Accretion Of Discount On Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumsReceivableAccretionOfDiscountOnPremiumReceivable
|
2000000 | usd |
CY2023Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Period Increase Decrease
PremiumsReceivableAllowanceForDoubtfulAccountsPeriodIncreaseDecrease
|
0 | usd |
CY2022Q1 | us-gaap |
Premiums Receivable Allowance For Doubtful Accounts Period Increase Decrease
PremiumsReceivableAllowanceForDoubtfulAccountsPeriodIncreaseDecrease
|
1000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
2000000 | usd |
CY2022Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premiums Receivable Adjustment Other Adjustments
FinancialGuaranteeInsuranceContractsPremiumsReceivableAdjustmentOtherAdjustments
|
-3000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
|
256000000 | usd |
CY2022Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable
FinancialGuaranteeInsuranceContractsPremiumReceivable
|
308000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Second Quarter Following The Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringSecondQuarterFollowingTheBalanceSheetDate
|
7000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Second Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringSecondQuarterFollowingBalanceSheetDate
|
5000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringThirdQuarterFollowingBalanceSheetDate
|
7000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Third Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringThirdQuarterFollowingBalanceSheetDate
|
5000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected During Fourth Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedDuringFourthQuarterFollowingBalanceSheetDate
|
5000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized During Fourth Quarter Following Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedDuringFourthQuarterFollowingBalanceSheetDate
|
5000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than One And Within Two Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanOneAndWithinTwoYearsFromBalanceSheetDate
|
26000000 | usd |
CY2023Q1 | 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
|
20000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Two And Within Three Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanTwoAndWithinThreeYearsFromBalanceSheetDate
|
25000000 | usd |
CY2023Q1 | 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
|
19000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Three And Within Four Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanThreeAndWithinFourYearsFromBalanceSheetDate
|
24000000 | usd |
CY2023Q1 | 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
|
19000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Four And Within Five Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFourAndWithinFiveYearsFromBalanceSheetDate
|
23000000 | usd |
CY2023Q1 | 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
|
18000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than Five And Within10 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThanFiveAndWithin10YearsFromBalanceSheetDate
|
98000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than Five And Within10 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThanFiveAndWithin10YearsFromBalanceSheetDate
|
73000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than10 And Within15 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan10AndWithin15YearsFromBalanceSheetDate
|
62000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than10 And Within15 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan10AndWithin15YearsFromBalanceSheetDate
|
44000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than15 And Within20 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan15AndWithin20YearsFromBalanceSheetDate
|
29000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than15 And Within20 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan15AndWithin20YearsFromBalanceSheetDate
|
17000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than20 And Within25 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan20AndWithin25YearsFromBalanceSheetDate
|
14000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than20 And Within25 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan20AndWithin25YearsFromBalanceSheetDate
|
8000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than25 And Within30 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan25AndWithin30YearsFromBalanceSheetDate
|
4000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized More Than25 And Within30 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognizedMoreThan25AndWithin30YearsFromBalanceSheetDate
|
2000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Expected To Be Collected More Than30 And Within35 Years From Balance Sheet Date
FinancialGuaranteeInsuranceContractsPremiumExpectedToBeCollectedMoreThan30AndWithin35YearsFromBalanceSheetDate
|
0 | usd |
CY2023Q1 | 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 |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Premium Receivable Premium Expected To Be Collected
FinancialGuaranteeInsuranceContractsPremiumReceivablePremiumExpectedToBeCollected
|
325000000 | usd |
CY2023Q1 | us-gaap |
Financial Guarantee Insurance Contracts Future Expected Premium Revenue To Be Recognized
FinancialGuaranteeInsuranceContractsFutureExpectedPremiumRevenueToBeRecognized
|
235000000 | usd |
CY2023Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
851000000 | usd |
CY2022Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
805000000 | usd |
CY2023Q1 | us-gaap |
Salvage And Subrogation Recoveries Value
SalvageAndSubrogationRecoveriesValue
|
146000000 | usd |
CY2022Q4 | us-gaap |
Salvage And Subrogation Recoveries Value
SalvageAndSubrogationRecoveriesValue
|
271000000 | usd |
CY2023Q1 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
705000000 | usd |
CY2022Q4 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
534000000 | usd |
CY2023Q1 | 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-top:9pt;padding-left:18pt;text-align:justify;text-indent:-18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.371%"><tr><td style="width:1.0%"/><td style="width:58.710%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.203%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:1.382%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.205%"/><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:7pt;font-weight:700;line-height:100%">Three Months Ended March 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:7pt;font-weight:700;line-height:100%">2023</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:7pt;font-weight:700;line-height:100%">2022</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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Beginning gross loss and loss expense reserves</span></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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">534</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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 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:7pt;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:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(522)</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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Reinsurance recoverable</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">115</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">56 </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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Beginning balance of net loss and loss expense reserves</span></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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">419</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">(578)</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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Losses and loss expenses (benefit):</span></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"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">2</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;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 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">16</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;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:11.25pt;text-indent:-4.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Total </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">18</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">24 </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 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Loss and loss expenses paid (recovered):</span></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"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Current year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">—</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;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 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(141)</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:7pt;font-weight:400;line-height:100%">(150)</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 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Total</span></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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">(141)</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:7pt;font-weight:400;line-height:100%">(150)</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 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Foreign exchange effect</span></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;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;border-top:1pt solid #000;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:7pt;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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Ending net loss and loss expense reserves </span></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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">578</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">(404)</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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Impact of VIE consolidation</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">—</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">(292)</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><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%">Reinsurance recoverable </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:4.55pt;font-weight:400;line-height:100%;position:relative;top:-2.44pt;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:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">127</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;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:7pt;font-weight:400;line-height:100%">49 </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"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">Ending gross loss and loss expense reserves</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:100%">705</span><span style="color:#2a1aff;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:400;line-height:100%"> </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 style="background-color:#ffffff;border-bottom:3pt double #000000;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:7pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;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:7pt;font-weight:700;line-height:100%">(647)</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-bottom:3pt;margin-top:4pt;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 $(20) and $(7) for the three months ended March 31, 2023 and 2022, respectively, related to ceded reinsurance.</span></div><div style="margin-bottom: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 recorded the impact of estimated recoveries related to securitized loans in RMBS transactions that breached certain representations and warranties ("R&W's) by transaction sponsors within losses and loss expenses (benefit) for the Legacy Financial Guarantee segment. The losses and loss expense incurred associated with changes in estimated R&W's for the three months ended March 31, 2023 and 2022, was $0 and $224, 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 $3 and $0 as of March 31, 2023 and 2022, respectively, related to previously presented loss and loss expenses and subrogation.</span></div> | |
CY2022Q4 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
534000000 | usd |
CY2021Q4 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
-522000000 | usd |
CY2022Q4 | us-gaap |
Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
|
115000000 | usd |
CY2021Q4 | us-gaap |
Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
|
56000000 | usd |
CY2022Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
419000000 | usd |
CY2021Q4 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
-578000000 | usd |
CY2023Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
2000000 | usd |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
|
1000000 | usd |
CY2023Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
16000000 | usd |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
23000000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
18000000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
|
24000000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
0 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
|
0 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
-141000000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
|
-150000000 | usd |
CY2023Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
-141000000 | usd |
CY2022Q1 | us-gaap |
Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
|
-150000000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
|
0 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Foreign Currency Translation Gain Loss
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseForeignCurrencyTranslationGainLoss
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
578000000 | usd |
CY2022Q1 | us-gaap |
Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
|
-404000000 | usd |
CY2023Q1 | ambc |
Impactof Vie Consolidationon Gross Lossand Loss Reserves
ImpactofVIEConsolidationonGrossLossandLossReserves
|
0 | usd |
CY2022Q1 | ambc |
Impactof Vie Consolidationon Gross Lossand Loss Reserves
ImpactofVIEConsolidationonGrossLossandLossReserves
|
292000000 | usd |
CY2023Q1 | us-gaap |
Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
|
127000000 | usd |
CY2022Q1 | us-gaap |
Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
|
49000000 | usd |
CY2023Q1 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
705000000 | usd |
CY2022Q1 | ambc |
Liability For Claim And Claim Adjustment Expenses Net Of Subrogation Recoverables
LiabilityForClaimAndClaimAdjustmentExpensesNetOfSubrogationRecoverables
|
-647000000 | usd |
CY2023Q1 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
20000000 | usd |
CY2022Q1 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
7000000 | usd |
CY2023Q1 | ambc |
Net Incurred Rmbs Subrogation Recoveries
NetIncurredRMBSSubrogationRecoveries
|
0 | usd |
CY2022Q1 | ambc |
Net Incurred Rmbs Subrogation Recoveries
NetIncurredRMBSSubrogationRecoveries
|
-224000000 | usd |
CY2022Q1 | ambc |
Ceded Loss And Loss Expenses Paid Not Yet Recovered
CededLossAndLossExpensesPaidNotYetRecovered
|
0 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
168 | policies |
CY2023Q1 | us-gaap |
Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
|
P12Y | |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4185000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
1872000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
6058000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Undiscounted Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability
|
-1272000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Discount On Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability
|
-455000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
-818000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation
|
254000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation
|
59000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation
|
196000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
|
-622000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
|
-30000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve
|
6000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
|
598000000 | usd |
CY2023Q1 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable
|
34000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
|
162 | policies |
us-gaap |
Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
|
P14Y | ||
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
|
4047000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
|
1750000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
|
5797000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Undiscounted Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossUndiscountedClaimLiability
|
-1279000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Discount On Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationDiscountOnGrossClaimLiability
|
-496000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
|
783000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedRmbsSubrogation
|
140000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnRmbsSubrogation
|
0 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation
|
140000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Undiscounted Claim Liability Gross Undiscounted Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossUndiscountedClaimLiabilityGrossUndiscountedOtherSubrogation
|
233000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Discount On Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityDiscountOnOtherSubrogation
|
54000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Other Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityOtherSubrogation
|
179000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
|
464000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
|
-28000000 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Loss Adjustment Expenses Reserve
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationLossAdjustmentExpensesReserve
|
8000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
|
444000000 | usd |
CY2022Q4 | us-gaap |
Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable
|
33000000 | usd |
CY2023Q1 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation
|
0 | usd |
CY2023Q1 | ambc |
Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance
BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance
|
0 | usd |
CY2022Q4 | ambc |
Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Rmbs Subrogation
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityRmbsSubrogation
|
140000000 | usd |
CY2022Q4 | ambc |
Balance Of Rmbs Subrogation Recoveries Net Of Reinsurance
BalanceOfRmbsSubrogationRecoveriesNetOfReinsurance
|
-140000000 | usd |
CY2023Q1 | ambc |
Deferred Ceded Premiums And Reinsurance Recoverables
DeferredCededPremiumsAndReinsuranceRecoverables
|
265000000 | usd |
CY2023Q1 | us-gaap |
Reinsurance Payable
ReinsurancePayable
|
38000000 | usd |
CY2023Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
115000000 | usd |
CY2023Q1 | ambc |
Number Of Reinsurers Covering Majority
NumberOfReinsurersCoveringMajority
|
3 | |
CY2023Q1 | ambc |
Percentage Of Ceded Reinsurance Recoverable Represented By Top Three
PercentageOfCededReinsuranceRecoverableRepresentedByTopThree
|
0.826 | |
CY2023Q1 | ambc |
Number Of Reinsurers Covering Majority
NumberOfReinsurersCoveringMajority
|
3 | |
CY2023Q1 | ambc |
Reinsurance Recoverable Gross All Other
ReinsuranceRecoverableGrossAllOther
|
23000000 | usd |
CY2023Q1 | ambc |
Unsecured Reinsurance Recoverable All Other
UnsecuredReinsuranceRecoverableAllOther
|
7000000 | usd |
CY2023Q1 | us-gaap |
Reinsurance Recoverables Gross
ReinsuranceRecoverablesGross
|
130000000 | usd |
CY2023Q1 | ambc |
Unsecured Reinsurance Recoverables
UnsecuredReinsuranceRecoverables
|
75000000 | usd |
CY2023Q1 | ambc |
Reinsurance Recoverable Credit Exposure
ReinsuranceRecoverableCreditExposure
|
75000000 | usd |
CY2022Q4 | ambc |
Reinsurance Recoverable Credit Exposure
ReinsuranceRecoverableCreditExposure
|
60000000 | usd |
CY2023Q1 | ambc |
Uncollateralized Credit Exposure Supoorted By Unlimited Uncapped Indemnity
UncollateralizedCreditExposureSupoortedByUnlimitedUncappedIndemnity
|
43000000 | usd |
CY2022Q4 | ambc |
Uncollateralized Credit Exposure Supoorted By Unlimited Uncapped Indemnity
UncollateralizedCreditExposureSupoortedByUnlimitedUncappedIndemnity
|
45000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
31000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
0 | usd |
CY2023Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
31000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
0 | usd |
CY2023Q1 | ambc |
Derivative Assets Net Amount
DerivativeAssetsNetAmount
|
31000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
28000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
0 | usd |
CY2022Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
27000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
0 | usd |
CY2022Q4 | ambc |
Derivative Assets Net Amount
DerivativeAssetsNetAmount
|
27000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
44000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
0 | usd |
CY2023Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
44000000 | usd |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
43000000 | usd |
CY2023Q1 | ambc |
Derivative Liabilities Net Amount
DerivativeLiabilitiesNetAmount
|
0 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
38000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
0 | usd |
CY2022Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
38000000 | usd |
CY2022Q4 | ambc |
Derivative Liabilities Gross Amount Of Collateral Cash And Securities Pledged Not Offset
DerivativeLiabilitiesGrossAmountOfCollateralCashAndSecuritiesPledgedNotOffset
|
38000000 | usd |
CY2022Q4 | ambc |
Derivative Liabilities Net Amount
DerivativeLiabilitiesNetAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
9000000 | usd |
CY2022Q4 | us-gaap |
Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
|
6000000 | usd |
CY2023Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-4000000 | usd |
CY2022Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
57000000 | usd |
CY2023Q1 | ambc |
Derivative Gain Losson Derivatives Total Net
DerivativeGainLossonDerivativesTotalNet
|
-105000000 | usd |
CY2022Q1 | ambc |
Derivative Gain Losson Derivatives Total Net
DerivativeGainLossonDerivativesTotalNet
|
68000000 | usd |
CY2023Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
43000000 | usd |
CY2022Q4 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
38000000 | usd |
CY2023Q1 | us-gaap |
Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
|
58000000 | usd |
CY2022Q4 | us-gaap |
Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
|
54000000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
61000000 | usd |
CY2021Q4 | us-gaap |
Goodwill
Goodwill
|
46000000 | usd |
CY2022 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
15000000 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
61000000 | usd |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
61000000 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
307000000 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
312000000 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
321000000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
326000000 | usd |
CY2023Q1 | ambc |
Variable Interest Entity Changein Fair Valueof Assetsand Liabilities
VariableInterestEntityChangeinFairValueofAssetsandLiabilities
|
3000000 | usd |
CY2022Q1 | ambc |
Variable Interest Entity Changein Fair Valueof Assetsand Liabilities
VariableInterestEntityChangeinFairValueofAssetsandLiabilities
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
|
0 | usd |
CY2022Q1 | us-gaap |
Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
|
28000000 | usd |
CY2023Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
VariableInterestEntityActivityBetweenVIEAndEntityIncomeOrLossBeforeTax
|
-1000000 | usd |
CY2022Q1 | us-gaap |
Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
VariableInterestEntityActivityBetweenVIEAndEntityIncomeOrLossBeforeTax
|
22000000 | usd |
CY2023Q1 | ambc |
Number Of Trusts Established Resulting From Puerto Rico Restructuring Transaction
NumberOfTrustsEstablishedResultingFromPuertoRicoRestructuringTransaction
|
2 | usd |
CY2022Q1 | us-gaap |
Variable Interest Entity Initial Consolidation Gain Or Loss
VariableInterestEntityInitialConsolidationGainOrLoss
|
28000000 | usd |
CY2023Q1 | ambc |
Number Of Variable Interest Entities Consolidated During The Period
NumberOfVariableInterestEntitiesConsolidatedDuringThePeriod
|
0 | usd |
CY2022Q1 | ambc |
Number Of Variable Interest Entities Consolidated During The Period
NumberOfVariableInterestEntitiesConsolidatedDuringThePeriod
|
2 | usd |
CY2023Q1 | ambc |
Number Of Variable Interest Entities Deconsolidated During Period
NumberOfVariableInterestEntitiesDeconsolidatedDuringPeriod
|
1 | consolidationvie |
CY2023Q1 | ambc |
Variable Interest Entity Deconsolidation Gain Loss
VariableInterestEntityDeconsolidationGainLoss
|
0 | usd |
CY2022Q1 | ambc |
Number Of Variable Interest Entities Deconsolidated During Period
NumberOfVariableInterestEntitiesDeconsolidatedDuringPeriod
|
0 | consolidationvie |
CY2023Q1 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
21492000000 | usd |
CY2023Q1 | ambc |
Variable Interest Entity Nonconsolidated Carrying Amount Insurance Assets
VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets
|
370000000 | usd |
CY2023Q1 | ambc |
Variable Interest Entity Nonconsolidated Carrying Amount Insurance Liabilities
VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities
|
881000000 | usd |
CY2023Q1 | ambc |
Variable Interest Entity Nonconsolidated Carrying Amount Derivative Net Assets Or Liabilities
VariableInterestEntityNonconsolidatedCarryingAmountDerivativeNetAssetsOrLiabilities
|
0 | usd |
CY2022Q4 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
21639000000 | usd |
CY2022Q4 | ambc |
Variable Interest Entity Nonconsolidated Carrying Amount Insurance Assets
VariableInterestEntityNonconsolidatedCarryingAmountInsuranceAssets
|
490000000 | usd |
CY2022Q4 | ambc |
Variable Interest Entity Nonconsolidated Carrying Amount Insurance Liabilities
VariableInterestEntityNonconsolidatedCarryingAmountInsuranceLiabilities
|
840000000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
15000000 | usd |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
9000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
3000000 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
4000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
|
8000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
|
7000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
10000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
5000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1000000 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1000000 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
0 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-253000000 | usd |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
58000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
33000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-127000000 | usd |
CY2023Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-3000000 | usd |
CY2022Q1 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
1000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
36000000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-127000000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-217000000 | usd |
CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-70000000 | usd |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
45321745 | shares |
CY2013Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
4876114 | shares |
CY2013Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
16.67 | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2000000 | usd |
CY2023Q1 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
0 | usd |
CY2022Q1 | us-gaap |
Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-33000000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2000000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.73 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.73 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
45564276 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
46731459 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45564276 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47359731 | shares |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-48000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
19000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
|
4000000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29000000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3000000 | usd |
CY2023Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2022Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
2000000 | usd |
CY2022Q1 | us-gaap |
Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
|
1000000 | usd |
CY2023Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2022Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2023Q1 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2022Q1 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2000000 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4000000 | usd |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
3461000000 | usd |