Ambac Financial Group Inc (AMBC) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ... [Yahoo! Finance]
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Yahoo! Finance
Total Premium Production: $611 million for the first three quarters, a 68% increase over the prior year. Specialty P&C Premiums: $260 million in Q3 2024, an 86% increase over last year. EBITDA: $2.4 million for Q3 2024, with an EBITDA margin of 10.2%. Revenue Growth: Total revenue increased by 64% to $24 million in Q3 2024. Net Revenue: Grew 135% to $14 million compared to Q3 2023. Loss Ratio: Improved to 74.4% in Q3 2024 from 78% in Q3 2023. Expense Ratio: 26.1% in Q3 2024, down from 28.5% in the prior year quarter. Combined Ratio: 100.5% for Q3 2024, an improvement of 600 basis points from the prior year. Shareholders' Equity: $1,470 million or $30.89 per share as of September 30, 2024. Adjusted Book Value: $1,390 million or $29.28 per share as of September 30, 2024. Warning! GuruFocus has detected 5 Warning Signs with AMBC. Release Date: November 13, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript A
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News
- With 86% institutional ownership, Ambac Financial Group, Inc. (NYSE:AMBC) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Third Quarter 2024 Earnings: US$0.59 loss per share (vs US$1.45 profit in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Inc (AMBC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase ProgramBusiness Wire
AMBC
Earnings
- 11/12/24 - Miss
AMBC
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/12/24 - Form SC
- AMBC's page on the SEC website