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.

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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.

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NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today announced that its newly formed special purpose entity, Sitka Holdings, LLC (“Sitka” or the “Issuer””), has launched a private offering, to eligible purchasers, of senior secured notes due 2026 (the “Sitka Senior Secured Notes”). The Sitka Senior Secured Notes will be secured by all assets of Sitka, which include a secured note issued by Ambac Assurance Corporation (“AAC”)

Ambac Launches Senior Secured Note Offering to Refinance Existing Ambac LSNI Senior Secured Notes

WOODLAND HILLS, Calif., June 14, 2021 /PRNewswire/ -- Venbrook Group, LLC ("Venbrook"), a holdings company with various subsidiaries engaged in the insurance marketplace, today announced that it has formed a program partnership with Everspan Indemnity Insurance Company ("Everspan"), an excess and surplus lines insurer, which is part of Everspan Group, a participatory fronting insurance group Rated A- (Excellent) by AM Best with a Financial Size Category Class VIII, to offer a Non-Emergency Medical Transportation ("NEMT") Program.

Venbrook Partners with Everspan on a Non-Emergency Medical Transportation Program

Ambac Financial's (AMBC) CEO Claude LeBlanc on Q1 2021 Results - Earnings Call Transcript

Shares of Ambac Financial Group (NYSE:AMBC) fell 0.1% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 110.26% over the past year to $0.59, which may not compare to the estimate of ($0.53).

Recap: Ambac Financial Group Q1 Earnings

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today reported Net Income attributable to common stockholders of $17 million or $0.08(1) per diluted share and Adjusted Earnings(2) of $41 million or $0.59 per diluted share for the quarter ended March 31, 2021. This compares to a Net Loss attributable to common stockholders of $14 million or $0.31 per diluted share and Adjusted Earnings of $4 million or $0.08 per diluted share i

Ambac Reports First Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10, 2021, before market open. Ambac is rescheduling the release to allow it to consider the possible effect on first quarter results of the May 5th announcement by the Financial Oversight and Management Board (“FOMB”) for Puerto Rico. The FOMB's announcement provides details on an agreement with ce

Ambac Reschedules Release of First Quarter 2021 Results and Conference Call to May 10, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2021 results on May 6, 2021 following the close of the market. Conference Call On May 7, 2021 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2021 results during a live conference call. A live audio webcast of the call w

Ambac to Release First Quarter 2021 Results on May 6, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that Ambac's 2021 Annual Meeting of Stockholders will be held on Tuesday, May 25, 2021 at 10:30 am (ET). The meeting will be held in a virtual format and will be accessible at www.virtualshareholdermeeting.com/AMBC2021. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on March 30, 2021. Stoc

Ambac Announces Meeting and Record Date for 2021 Annual Meeting of Stockholders

Ambac Financial's (AMBC) CEO Claude LeBlanc on Q4 2020 Results - Earnings Call Transcript

Shares of Ambac Financial Group (NYSE:AMBC) were flat in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 104.19% over the past year to $0.08, which beat the estimate of ($0.68).

Ambac Financial Group: Q4 Earnings Insights

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today reported a Net Loss attributable to common stockholders of $14 million or $0.31 per diluted share and Adjusted Earnings(1) of $4 million or $0.08 per diluted share for the quarter ended December 31, 2020. This compares to a Net Loss attributable to common stockholders of $108 million or $2.33 per diluted share and an Adjusted Loss of $93 million or $2.01 per diluted share i

Ambac Reports Fourth Quarter 2020 Results

Ambac Financial Group (NYSE:AMBC) announces its next round of earnings this Monday, March 01. Here is Benzinga's everything-that-matters guide for this Monday's Q4 earnings announcement.

Ambac Financial Group Earnings Preview

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release fourth quarter 2020 results on March 1, 2021 following the close of the market. Conference Call On March 2, 2021 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2020 results and provide additional detail and updates on Ambac's three

Ambac to Release Fourth Quarter 2020 Results on March 1, 2021

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac'), a financial services holding company, today announced that it has launched Everspan Group, a specialty, participatory fronting program insurance business. Earlier today, A.M. Best issued a Financial Strength Rating (“FSR”) of ‘A-' (Excellent) for Everspan Group's core insurance companies, Everspan Indemnity Insurance Company, an excess and surplus lines insurer and Everspan Insurance Company, an admitted carrier. Wit

Ambac Launches Specialty Program Insurance Business Everspan Group Assigned AM Best Financial Strength Rating of ‘A-' (Excellent)

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE:AMBC) (“Ambac”), a financial services holding company, today announced that its subsidiary, Ambac Assurance Corporation (“AAC”), successfully completed an exchange whereby it acquired 100% of the outstanding obligations of Corolla Trust in return for AAC issued 5.1% Senior Surplus Notes (“SSNs”). Corolla Trust was established in 2014 and is the sole owner of an AAC Junior Surplus Note (“JSN”) with a face amount of $350 million and acc

Ambac Closes Financial Deleveraging Transaction Through Exchange of Outstanding Corolla Trust Obligations for Surplus Notes

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac'), a financial services holding company, today announced, consistent with its platform diversification strategy, that it has entered into an agreement to acquire 80% of the membership interests of each of Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC (collectively, “Xchange”), subject to customary closing conditions. Xchange, whose management principals will retain the remaining 20% of the company,

Ambac To Acquire Property & Casualty Managing General Underwriter Xchange; Provides Update on Strategy

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q3 2020 Results - Earnings Call Transcript

Shares of Ambac Financial Group (NYSE:AMBC) fell 1.93% in after-market trading after the company reported Q3 results.

Recap: Ambac Financial Group Q3 Earnings

Upcoming litigation has enough value to send the equity up hundreds of percentages. Hidden margin of safety creates a floor price for the shares.

Ambac: The Best Special Situation In The Markets Right Now

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company whose subsidiaries include run-off financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, will release third quarter 2020 results on November 9, 2020 following the close of the market. Conference Call On November 10, 2020 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial O

Ambac to Release Third Quarter 2020 Results on November 9, 2020

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q2 2020 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac"), a financial services holding company whose subsidiaries include run-off financial guarantee businesses, Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), today reported a Net Loss attributable to common stockholders of $35 million or $0.77 per diluted share and an Adjusted Loss(1) of $24 million or $0.52 per diluted share for the quarter ended June 30, 2020.

Ambac Reports Second Quarter 2020 Results

Ambac Financial Group (NYSE: AMBC) will be releasing its next round of earnings this Thursday, August 06.

Earnings Preview: Ambac Financial Group

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE:AMBC), a financial services holding company whose principal subsidiaries Ambac Assurance Corporation and Ambac UK Limited are financial guarantee insurance companies currently in run-off, will release second quarter 2020 results on August 6, 2020 following the close of the market.

Ambac to Release Second Quarter 2020 Results on August 6, 2020

Ambac Financial Group, Inc. (AMBC) CEO Claude LeBlanc on Q1 2020 Results - Earnings Call Transcript

News for Ambac Financial Group Stock (AMBC)