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. The loss resulting from the accounting change is not the result of any change in the economics of financial terms of the sale of our business to funds managed by Oaktree Capital Partners for $420 million, as previously reported. Consolidated n
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AMBC
News
- Ambac Financial Group (NYSE:AMBC) had its price target raised by analysts at Truist Financial Corporation from $10.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Ambac Financial Group (NYSE:AMBC) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Ambac (AMBC) Q3 2025 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Rebrands as Octave Specialty Group, Inc. [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group Rebrands as Octave Specialty Group, Inc.Business Wire
AMBC
Earnings
- 11/10/25 - Beat
AMBC
Sec Filings
- 12/17/25 - Form 3
- 11/14/25 - Form 4
- 11/10/25 - Form 8-K
- AMBC's page on the SEC website