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Consolidated Balance Sheets - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Assets:      
Fixed maturity securities, at fair value $ 1,923    
Total investments (net of allowance for credit losses of $1 and $0) 2,509 $ 2,593  
Restricted Cash 10 14  
Premiums Receivable, Net 272 269  
Premium Receivable, Allowance for Credit Loss 5 5  
Reinsurance Recoverables, Including Reinsurance Premium Paid 130 115  
Deferred ceded premium 135 124  
Subrogation recoverable 146 271  
Derivative assets 31 27  
Intangible assets 321 326  
Goodwill 61 61 $ 46
Other assets 85 84  
Total assets 8,219 7,973  
Liabilities:      
Unearned premiums 389 372  
Loss and loss expense reserves 851 805  
Ceded premiums payable 38 39  
Long-term debt 497 639  
Accrued interest payable 438 427  
Derivative Liability 44 38  
Other liabilities 141 163  
Total liabilities 6,892 6,647  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 20 20 18
Liabilities 6,892 6,647  
Stockholders’ equity:      
Preferred stock, par value $0.01 per share; 20,000,000 shares authorized; issued and outstanding shares—none 0 0  
Common Stock, Value, Issued 0 0  
Additional paid-in capital 278 274  
Accumulated other comprehensive income (217) (253) 58
Retained earnings 1,206 1,245  
Treasury stock, shares at cost: 0 and 8,202 (14) (15)  
Total Ambac Financial Group, Inc. stockholders’ equity 1,254 1,252  
Noncontrolling interest 53 53  
Total stockholders’ equity 1,307 1,305 1,098
Total liabilities and stockholders’ equity 8,219 7,973  
Debt Securities, Available-for-sale, Allowance for Credit Loss 1 0  
Debt Securities, Available-for-sale, Amortized Cost 1,983 2,041  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 304 61 $ 23
Deferred Policy Acquisition Cost 4 3  
Capitalized Contract Cost, Net $ 6 $ 5  
Treasury Stock, Common, Shares 1,337,274 1,685,233  
Afg [Member]      
Stockholders’ equity:      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 48 $ 44  
Xchange      
Liabilities:      
Redeemable Noncontrolling Interest, Equity, Redemption Value 20    
Redeemable Noncontrolling Interest, Equity, Carrying Amount   20  
Short-term Investments [Member]      
Assets:      
Fixed maturity securities, at fair value 367 507  
Stockholders’ equity:      
Debt Securities, Available-for-sale, Allowance for Credit Loss 0 0  
Debt Securities, Available-for-sale, Amortized Cost 367 507  
Variable Interest Entity, Primary Beneficiary [Member]      
Assets:      
Fixed maturity securities, at fair value 2,119 1,967  
Restricted Cash 256 17  
Derivative assets 243 239  
Other assets 1 2  
Total assets 4,476 4,054  
Liabilities:      
Long-term debt 3,060 3,107  
Derivative Liability 1,174 1,048  
Other Sundry Liabilities, Current 255    
Other liabilities 1 5  
Total liabilities 4,489 4,160  
Liabilities 4,489 4,160  
Stockholders’ equity:      
Financing Receivable, after Allowance for Credit Loss 1,856 1,829  
Gross Investment Income, Operating 2    
Derivative and other assets 244 241  
Fixed Income Securities [Member]      
Assets:      
Fixed maturity securities, at fair value 1,494 1,395  
Stockholders’ equity:      
Debt Securities, Available-for-sale, Allowance for Credit Loss 1 0  
Debt Securities, Available-for-sale, Amortized Cost 1,554 1,469  
Debt Securities, Available-for-Sale, Excluding Accrued Interest 1,494 1,395  
Short-term Investments [Member]      
Assets:      
Fixed maturity securities, at fair value 367 507  
Stockholders’ equity:      
Gross Investment Income, Operating 6    
Other Investments [Member]      
Stockholders’ equity:      
Other Investment Not Readily Marketable, Fair Value 557 568  
Gross Investment Income, Operating 13    
Fixed Income Securities, Trading      
Stockholders’ equity:      
Gross Investment Income, Operating 0    
Debt Securities, Available-for-Sale, Excluding Accrued Interest 29 59  
Collateral Pledged [Member] | Fixed Income Securities [Member]      
Assets:      
Fixed maturity securities, at fair value 61 64  
Collateral Pledged [Member] | Fixed Income Securities [Member] | Short-term Investments [Member]      
Assets:      
Fixed maturity securities, at fair value 61 64  
Stockholders’ equity:      
Debt Securities, Available-for-sale, Allowance for Credit Loss 0 0  
Debt Securities, Available-for-sale, Amortized Cost 61 64  
Collateral Pledged [Member] | Short-term Investments      
Stockholders’ equity:      
Debt Securities, Available-for-sale, Amortized Cost 61 64  
Collateralized Securities | Short-term Investments [Member]      
Assets:      
Fixed maturity securities, at fair value $ 61 $ 64