Ambac Financial Group

Ambac Financial Group, Inc. is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ambac Financial Group reports strong Q4 earnings and strategic growth plans for 2023

Ambac Financial Group's Q4 2022 performance reflects robust financial results and strategic achievements, positioning the company for continued growth.
Everspan Group and Cirrata's performance highlights their potential for future profitability and expansion, contributing positively to Ambac's overall outlook.
While facing strategic decisions and operational challenges, Ambac has opportunities to optimize its business model, expand market presence, and enhance shareholder value.
With a focus on growth and diversification in 2023, Ambac aims to capitalize on its strengths, address challenges effectively, and leverage opportunities for sustained success.

Ambac Financial Group reports Q1 loss, explores legacy business options

Ambac Financial Group's Q1 2023 performance reflected growth in gross premiums and EBITDA for Everspan and Cirrata, offset by a net loss driven by lower derivatives gains. The company's focus on strategic options for legacy businesses and strong growth in Specialty P&C businesses position it for future value creation.

Ambac Financial Group reports Q2 progress amidst challenges and opportunities

Ambac Financial Group's Q2 2023 performance reflected progress in the Specialty P&C business, derisking initiatives, and positive trends in investment income, despite reporting a net loss.
The company demonstrated strengths in proactive risk management, strategic capital allocation, and expectations of moderating litigation expenses, positioning itself for future growth and improved financial performance.
Challenges persist in achieving profitability, managing costs, and sustaining growth for Everspan and Cirrata, highlighting the need for continued focus on operational efficiency and risk mitigation strategies.

Ambac Financial Group reports robust Q3 earnings and strategic growth plans

Ambac Financial Group delivered a strong Q3 performance, with a focus on maximizing shareholder value and generating long-term growth.
Despite challenges such as loss ratio increases and strategic evaluations, the company remains well-positioned for future opportunities.
Market conditions and operational strengths provide a foundation for continued growth and profitability in key segments.
Balancing capital allocation and executing transactions strategically are key priorities to drive value creation and enhance shareholder returns.

Ambac Financial Group reports mixed Q4 performance, eyes growth in 2024

Ambac Financial Group's Q4 2023 performance reflects a mix of achievements and challenges, with a focus on growth in the Specialty P&C Insurance platform and strategic review of the Legacy Financial Guarantee business.
Despite facing a net loss in Q4 2023, the company remains optimistic for 2024, emphasizing opportunities for growth and progress in key business segments.
With strong performance from Everspan and Cirrata, Ambac aims to maintain underwriting profitability and enhance shareholder value, positioning itself for future success and profitability.

Ambac Financial Group reports strong Q1 earnings and focuses on growth opportunities

Ambac Financial Group's Q1 2024 performance showcased solid financial results, with notable growth in net income, premium generation, and investment income. The company's strategic focus on scaling production and assessing legacy business options reflects a forward-looking approach.
While facing challenges in sustaining growth rates and managing legacy operations, Ambac remains well-positioned to capitalize on opportunities in the specialty P&C platform and revenue scaling. Overall, the company's performance and strategic direction indicate a positive outlook for future growth.

Ambac Financial Group reports strong Q3 performance and strategic growth

Ambac Financial Group's Q3 performance showcased strong growth and strategic acquisitions, positioning the company for future success.
While facing challenges with net losses and margin decreases, the company is actively addressing them through cost management and strategic initiatives.
With a focus on seizing opportunities for growth and enhancing shareholder value, Ambac is navigating market conditions and optimizing its business portfolio.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK--( BUSINESS WIRE )--Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“AAC”), today announced that on December 29, 2022, AAC entered into a Settlement Agreement and Release (the “Settlement Agreement”) with Nomura Credit & Capital, Inc. (“Nomura”) to settle its RMBS litigation1 against Nomura. As a result, Nomura has agreed to pay AAC $140 million.

Ambac Settles RMBS Litigation Against Nomura

Comstock Resources

HF Sinclair Corp

Genmab - ADR

Graphic Packaging Hld

Hess

Murphy Oil

NVIDIA

Occidental Petroleum

Pinduoduo Inc - ADR

Phillips 66

TotalEnergies SE

Valero Energy

Oil stocks dominate this list of today's fastest-growing stocks, all eyeing 100%-1,220% EPS gains this year. The post With Bear Market Scars, These 26 Stocks Expect Up To 1,220% Growth appeared first on Investor's Business Daily.

With Bear Market Scars, These 26 Stocks Expect Up To 1,220% Growth

NEW YORK,--( BUSINESS WIRE )--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, released the following statement:

Ambac Releases Statement Regarding Speculative Acquisition Report

NEW YORK--( BUSINESS WIRE )--Everspan Group (“Everspan”), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE: AMBC) (“Ambac”), today announced that Steven K. Dresner has been appointed President of Everspan, succeeding Wyatt Blackburn, who has retired. Blackburn will assume the role of Vice Chairman of Everspan Holdings and become a member of the Everspan Holdings Board of Directors.

Everspan Group Announces Retirement of Wyatt Blackburn

Ambac Financial Group, Inc. (NYSE:AMBC ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Charles Sebaski - Head, Investor Relations Claude LeBlanc - President and Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Dennis Chua - Repertoire Partners Richard Burns - Private Investor Giuliano Bologna - Compass Point Geoffrey Dunn - Dowling & Partners Operator Greetings and welcome to the Ambac Financial Group, Inc. Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Ambac Financial Group, Inc. (AMBC) Q3 2022 Earnings Call Transcript

Net income of $340 million and adjusted earnings of $338 million

Ambac Reports Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ambac completes acquisition of two specialty P&C insurance businesses

Ambac Acquires Specialty Insurance MGU All Trans Risk Solutions, LLC and Wholesale Broker Capacity Marine Corporation

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2022 Results on November 8, 2022

Ambac to Release Third Quarter 2022 Results on November 8, 2022

NEW YORK--(BUSINESS WIRE)--Everspan partners with SPG on habitational excess casualty program, HABX

Everspan Partners with Specialty Program Group on Habitational Program

Source: Shutterstock At long last, Ambac Financial Group's (NYSE: AMBC ) ongoing legal battle with Bank of America (NYSE: BAC ) has come to a resolution. Apparently, Ambac had brought litigation against Bank of America due to issues related to the 2008 mortgage market crash.

Ambac (AMBC) Stock Rallies on Settlement With Bank of America

Ambac Financial Group Inc (NYSE:AMBC) stock is surging today, after news that the insurance name has reached a settlement with Bank of America (BAC) for $1.84 billion.

Billion-Dollar Settlement Boosts Insurance Stock

Bank of America

Ambac Financial and Bank of America have resolved longstanding litigation related to residential mortgage-backed securities with a $1.84 billion settlement.

Ambac Settles With Bank of America for $1.84 Billion

Ambac Financial Group AMBC, -1.01% shares rallied 25% in premarket trades Friday after it agreed to settle lawsuits against Bank of America Corp. BAC, -1.44% related to residential mortgage backed securities (RMBS) for a payment of $1.84 billion from the bank. Ambac said it would record a $390 million gain in its fourth-quarter results because the settlement exceeds the projected amount in its second-quarter statements.

Ambac rallies after $1.84 bln RMBS settlement with Bank of America

NEW YORK--(BUSINESS WIRE)--Ambac Settles RMBS Litigations Against Bank of America

Ambac Settles RMBS Litigations Against Bank of America

NEW YORK--(BUSINESS WIRE)--Everspan and Centrex Underwriters Partner on Hospitality-Focused Liability Programs

Everspan Partners with Centrex Underwriters on Hospitality-Focused Liability Programs

Ambac Financial Group Inc. AMBC, +0.86% said Wednesday it's pleased with a decision by the Supreme Court of the State of New York's to allow its 2014 fraud lawsuit against Countrywide and Bank of America Corp. BAC, +0.56% to go forward to trial in front of a jury. The court denied Countrywide's motion for summary judgment in the case: Ambac Assurance Corp. vs.

Ambac Financial Group mortgage suit against Countrywide, Bank of America cleared to go to jury trial

NEW YORK--(BUSINESS WIRE)--Ambac Defeats Summary Judgment Motion in Fraud Case Against Countrywide and Bank of America

Ambac Defeats Summary Judgment Motion and Obtains Trial Date in Fraud Case Against Countrywide and Bank of America

NEW YORK--(BUSINESS WIRE)--Ambac takes minority ownership stake in Embrace Partners, a specialty insurance MGU and DE&I platform

Ambac Establishes Strategic Partnership with Embrace Partners, a Minority-Owned Specialty Insurance MGU and DE&I Platform

Ambac Financial Group, Inc. (NYSE:AMBC ) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relation Claude LeBlanc - Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to Ambac Financial Group, Inc. Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q2 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Ambac releases second quarter earnings

Ambac Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ambac announces release date for second quarter earnings

Ambac to Release Second Quarter 2022 Results on August 8, 2022

NEW YORK--(BUSINESS WIRE)--Ambac partners with industry veteran Penny Parisoff to establish a new managing general agency focused on health and human services industry.

Penny Parisoff Partners With Ambac to Create Human Services-Focused MGA

ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has signed a program manager agreement with Markel Service, Incorporated. Under the agreement, Xchange will underwrite medical stop loss coverage on behalf of an insurance affiliate of Markel, as well as handle claims and administer premiums. The collaboration marks Markel's entry into the stop loss segment. “We are honored to be the only comp

Xchange Benefits Launches Medical Stop Loss Program in Collaboration with Markel®

Ambac Financial Group, Inc. (NYSE:AMBC ) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relation Claude LeBlanc - President & Chief Executive Officer David Trick - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants David Belport - Wells Fargo Advisors Operator Greetings and welcome to Ambac Financial Group, Inc. First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q1 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported net income attributable to common stockholders of $2 million or $0.04(1) per diluted share and adjusted earnings(2) of $14 million or $0.30(1) per diluted share for the quarter ended March 31, 2022. This compares to net income attributable to common stockholders of $17 million or $0.08 per diluted share and adjusted earnings of $41 million or $0.59 per dil

News for Ambac Financial Group Stock (AMBC)