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

Arch Resources

Brainsway

Celestica

Forestar Group

Gigacloud Tech

StoneCo

In the stock market, pursuing high-growth stocks becomes a compelling venture, akin to searching for pearls in the vast sea of possibilities. The year 2024 unfolds with promises of prosperity and strategic opportunities, and within this realm, seven stocks emerge as yielders of potential riches.

7 High-Growth Stocks to Snag for Spectacular Returns in 2024

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?

Are Investors Undervaluing Ambac (AMBC) Right Now?

iShares Russell 2000 ETF

MoneyLion

OppFi

Pangaea Logistics Solutions

Carrols Restaurant Group

A less-hawkish Fed, the upcoming holiday season and decent U.S. economic growth may lead to small-cap investing. Investors can buy the likes of Ambac (AMBC), Pangaea Logistics Solutions (PANL), MoneyLion (ML), OppFi (OPFI) and Carrols Restaurant Group (TAST).

Buy These 5 Small-Cap Stocks to Tap Year-End Rally

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.

Ambac Acquires Riverton Insurance Agency Corp.

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

Ambac to Release Second Quarter 2023 Results on August 7, 2023

Ambac has seen significant price appreciation since the announced settlement with Bank of America and Nomura Holdings. Alongside aggressive growth from Cirrata, shareholders can expect effective organic and inorganic growth from Ambac. Despite these factors, Ambac still trades at a 23% undervaluation, leading me to rate the company a 'buy'.

Ambac Remains Discounted By An Apprehensive Market

Ambac Financial Group, Inc. (NYSE:AMBC ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Charles Sebaski - Head of Investor Relations Claude LeBlanc - President and Chief Executive Officer David Trick - Chief Financial Officer Conference Call Participants Operator Greetings, and welcome to Ambac Financial Group, Inc., First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Ambac Financial Group, Inc. (AMBC) Q1 2023 Earnings Call Transcript

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

Ambac Reports First Quarter 2023 Results

MORRISTOWN, N.J.--(BUSINESS WIRE)-- #futureforecast--Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced Ambac Financial Group, Inc. selected Majesco Policy for P&C, Majesco Billing for P&C and Majesco Digital1st® on Majesco Cloud Platform to provide a modern foundation for its insurance distribution division, Cirrata Group. Ambac Financial Group is a financial services holding company headquartered in New York City. Its Cirrata Group divis.

Ambac Financial Group Selects Majesco Policy for P&C, Majesco Billing for P&C and Majesco Digital1st® for Cirrata Group

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2023 results on May 9, 2023, following the close of the market.

Ambac to Release First Quarter 2023 Results on May 9, 2023

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group Issues Reminder Concerning Expiration of Warrants

Ambac Financial Group Issues Reminder Concerning Expiration of Warrants

Ambac Financial Group, Inc. (NYSE:AMBC ) Q4 2022 Results Conference Call March 1, 2023 8:30 AM ET Company Participants Charles Sebaski - Head, IR Claude LeBlanc - President and CEO David Trick - CFO Operator Greetings, and welcome to the Ambac Financial Group, Inc. Fourth Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Ambac Financial Group, Inc. (AMBC) Q4 2022 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 $175 million or $3.86(1) per diluted share and adjusted earnings(2) of $190 million or $4.18(1) per diluted share for the quarter ended December 31, 2022. This compares to a net loss attributable to common stockholders of $22 million or $0.42 per diluted share and an adjusted loss of $10 million or $0.16 per diluted share in the fourth quarter of 2021. Book value per share increased $5.42 to $27.85 and adjusted book value per share(2) increased $5.16 to $28.29 from September 30, 2022, to December 31, 2022.

Ambac Reports Fourth Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2022 results on February 28, 2023, following the close of the market.

Ambac to Release Fourth Quarter 2022 Results on February 28, 2023

NEW YORK--( BUSINESS WIRE )--Ambac Financial Group (NYSE: AMBC), a financial services holding company, today announced the appointment of John Tatum as a Managing Director and Business Development Officer for its insurance distribution division, Cirrata Group. In this position, he will be responsible for expanding the company's platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata's second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff.

Ambac Names John Tatum Business Development Officer for Cirrata Group

ARMONK, N.Y.--( BUSINESS WIRE )--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency, LLC (“Xchange Re”). The new entity, which is a wholly owned subsidiary of Xchange Benefits, specializes in personal accident catastrophe and special risk reinsurance and retrocession.

Xchange Benefits Launches Xchange Re Underwriting Agency, LLC

ARMONK, N.Y.--( BUSINESS WIRE )--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a protected cell company named Distribution Re. The new entity, which operates under the authority of the State of Tennessee Insurance Department, will insure accident & health risks mainly in the form of high deductible medical stop loss plans. Distribution Re, wholly owned by Xchange Benefits, will be run by captive manager Captive Planning Associates, LLC, located in New Jersey.

Xchange Benefits Launches Tennessee Captive Insurance Company, Distribution Re

NEW YORK--( BUSINESS WIRE )--Everspan Group (“Everspan”), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief Underwriting and Reinsurance Officer. He will report directly to Steve Dresner, President of Everspan, and will oversee the company's program business and reinsurance relationships.

News for Ambac Financial Group Stock (AMBC)