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 Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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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

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.

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NEW YORK--(BUSINESS WIRE)--Ambac to Release Second Quarter 2024 Results on August 5, 2024.

Ambac to Release Second Quarter 2024 Results on August 5, 2024

NEW YORK--(BUSINESS WIRE)--Ambac's Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan.

Ambac's Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Ambac Financial Group, Inc.'s (NYSE: AMBC) legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P. for $420 million in cash is fair to Ambac shareholders. Halper Sadeh encourages Ambac shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zh.

AMBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Ambac Financial Group, Inc.'s Legacy Financial Guarantee Business Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners.

Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business.

Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P.

Ambac (AMBC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is Ambac (AMBC) Stock a Solid Choice Right Now?

Ambac (AMBC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Ambac Financial Group, Inc. (AMBC) Hits Fresh High: Is There Still Room to Run?

Ambac Financial Group, Inc. (NYSE:AMBC ) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relations Claude LeBlanc - President & Chief Executive Officer David Trick - Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Geoffrey Dunn - Dowling & Partners Giuliano Bologna - Compass Point Operator Greetings, and welcome to the Ambac Financial Group, Inc. First Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode.

Ambac Financial Group, Inc. (AMBC) Q1 2024 Earnings Call Transcript

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NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2024 Results.

Ambac Reports First Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Ambac to release first quarter results on May 6, 2024.

Ambac to Release First Quarter 2024 Results on May 6, 2024

Ambac Financial Group has undergone a turnaround after the 2008 Financial Crisis, improving its financial position and evolving its business model. The company's balance sheet appears healthy and able to meet upcoming obligations, with a new focus on specialty property-casualty insurance. AMBC is positioning itself to underwrite its products through a technology-driven MGA model, aiming to take advantage of the growing US market with attractive loss ratios.

Ambac: Finally Shaking Off The Great Financial Crisis

Ambac Financial Group, Inc. (AMBC) Q4 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Ambac Reports Fourth Quarter 2023 Results.

Ambac Reports Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac to release fourth quarter 2023 results on February 27, 2024.

Ambac to Release Fourth Quarter 2023 Results on February 27, 2024

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Ambac is a complex company with a financial guarantees business and a new specialty P&C insurance business. We run a comparison with MBIA to compute releasable liquidity from the FG business that may be paid out as a special dividend. Ambac may benefit from a liquidity release or a sale, but the bulk of its value lies in its new businesses.

Ambac: Releasable Liquidity And SOTP Analysis Reveals Upside Potential

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Ambac (AMBC) Stock?

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Start Time: 08:30 January 1, 0000 8:56 AM ET Ambac Financial Group, Inc. (NYSE:AMBC ) Q3 2023 Earnings Conference Call November 08, 2023, 08:30 AM ET Company Participants Claude LeBlanc - President and CEO David Trick - EVP, CFO and Treasurer Charles Sebaski - Head of IR Conference Call Participants Giuliano Bologna - Compass Point Dennis Chua - Repertoire Partners Operator Ladies and gentlemen, good morning, and welcome to the Ambac Financial Group Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Ambac Financial Group, Inc. (AMBC) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Ambac reports third quarter 2023 results.

Ambac Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2023 Results on November 7, 2023.

Ambac to Release Third Quarter 2023 Results on November 7, 2023

Ambac Financial Group (AMBC) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to earnings of $0.28 per share a year ago.

Ambac Financial Group (AMBC) Q2 Earnings and Revenues Surpass Estimates

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the second quarter ended June 30, 2023. Net loss of $(13) million or $(0.29) per diluted share and Adjusted net income of $3 million or $0.07 per diluted share Specialty P&C Insurance ("Everspan") gross written premium of $53 million, up 30% from the second quarter of 2022 Insurance Distribution ("Cirrata") premiums placed of $41 millio.

Ambac Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business consisting of an MGA and a retail agency. Terms of the deal were not released. Riverton's MGA, Professionals' Best, offers professional liability insurance programs to licensed architects, engineers, construction managers, and real estate profes.

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