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Stock impact report

Ambac Reports Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]

Ambac Financial Group, Inc. (AMBC) 
US:NASDAQ Investor Relations: ir.ambac.com/investor-relations
Company Research Source: Yahoo! Finance
NEW YORK, February 26, 2025 BUSINESS WIRE )--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024. Fourth Quarter 2024 and Full Year Highlights Strategic Business Transition: Ambac advanced its strategic transformation by entering the final stages of the sale of its Legacy Financial Guarantee business, a pivotal move positioning the company for long-term growth. This resulted in a loss on disposal of $(570) million in the quarter, resulting from our adoption of the discontinued operations accounting standard for the legacy business, leading to a consolidated net loss to Ambac common stockholders of $(548) million or $(10.23) per diluted share. T Read more
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