Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program [Yahoo! Finance]
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Yahoo! Finance
Third Quarter 2024 Highlights Net 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 expense Total P&C Premium Production of $260 million, increased 86% from the third quarter of 2023 Insurance Distribution ("Cirrata") generated total revenue of $24 million up 64.0% over last year Specialty P&C Insurance ("Everspan") combined ratio improved by 600 bps to 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 CNIC Legacy Financial Guarantee segment net loss of $(13) million driven by changes in discount rates Claude LeBlanc, President and Chief Executive Officer, stated, "During the quarter we closed the acquisition of Beat Capital Partners, which sets the stage for our distribution business to exceed $1 billion of premium place
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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 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 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