Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024.Third Quarter 2024 HighlightsNet loss of $(28) million or $(0.63) per diluted share and Adjusted net loss of $(19) million or $(0.46) per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expenseTotal P&C Premium Production of $260 million, increased 86% from the third quarter of 2023Insurance Distribution ("Cirrata") generated total revenue of $24 million up 64.0% over last yearSpecialty P&C Insurance ("Everspan") combined ratio improved by 600 bps to 100.5% and total revenue grew 158% from third quarter of 2023 to $40 million due to growth in the business and a $7.5 million gain on sale of CNICLegacy Financial Guarantee segment net loss of $(13) million driven by changes in discount ratesClaude LeBlanc, President and Chief E
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News
- 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 Highlights: Strong Revenue Growth Amidst ... [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
- The past five years for Ambac Financial Group (NYSE:AMBC) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
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