Ambac Financial Group, Inc.

AMBC

US0231398845

Property & Casualty Insurance

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
14.59 ^USD	+1.46%		+1.32%	-11.47%

Feb. 28	Transcript : Ambac Financial Group, Inc., Q4 2023 Earnings Call, Feb 28, 2024
Feb. 27	Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q4 Revenue $75.5M, vs. Street Est of $67M	MT

Ambac Financial Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023

May 09, 2023 at 04:20 pm EDT

Ambac Financial Group, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was USD 58 million compared to USD 119 million a year ago. Net loss was USD 34 million compared to net income of USD 2 million a year ago.

Basic loss per share from continuing operations was USD 0.73 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.

Latest news about Ambac Financial Group, Inc.

Transcript : Ambac Financial Group, Inc., Q4 2023 Earnings Call, Feb 28, 2024	Feb. 28
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q4 Revenue $75.5M, vs. Street Est of $67M	Feb. 27	MT
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Posts Q4 EPS $0.32	Feb. 27	MT
Ambac Financial Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 27	CI
Ambac Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 27	CI
Transcript : Ambac Financial Group, Inc., Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q3 EPS $2	Nov. 07	MT
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Posts Q3 Revenue $73.8M, vs. Street Est of $60.9M	Nov. 07	MT
Tranche Update on Ambac Financial Group, Inc.'s Equity Buyback Plan announced on March 30, 2022.	Nov. 07	CI
Ambac Financial Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 07	CI
Transcript : Ambac Financial Group, Inc., Q2 2023 Earnings Call, Aug 08, 2023	23-08-08
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q2 Revenue $62.2M, vs. Street Est of $55M	23-08-07	MT
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Posts Q2 EPS $0.07, vs. Street Est of $-0.06	23-08-07	MT
Tranche Update on Ambac Financial Group, Inc.'s Equity Buyback Plan announced on March 30, 2022.	23-08-07	CI
Ambac Financial Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-07	CI
Sector Update: Financial Stocks Rising Late Monday	23-08-07	MT
Sector Update: Financial Stocks Advancing Monday Afternoon	23-08-07	MT
Ambac Financial Acquires Majority Stake in Riverton Insurance Agency	23-08-07	MT
Ambac Financial Group, Inc. (NYSE: AMBC) acquired an unknown majority stake in Riverton Insurance Agency, Corp.	23-08-06	CI
Ambac Financial Group, Inc. Announces Board Appointments	23-06-22	CI
Transcript : Ambac Financial Group, Inc., Q1 2023 Earnings Call, May 10, 2023	23-05-10
Tranche Update on Ambac Financial Group, Inc.'s Equity Buyback Plan announced on March 30, 2022.	23-05-09	CI
Ambac Financial Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-09	CI
Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Posts Q1 Revenue $57.5M, vs. Street Est of $58.1M	23-05-09	MT
Ambac Financial Group, Inc. Announces Board Changes	23-03-07	CI

Chart Ambac Financial Group, Inc.

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Company Profile

Ambac Financial Group, Inc. is a financial services holding company. It operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.

Sector

Property & Casualty Insurance

Calendar

2024-05-05 - Q1 2024 Earnings Release

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Russell 2000

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

14.59 USD

Average target price

17 USD

Spread / Average Target

+16.52%

Consensus

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Quarterly earnings - Rate of surprise

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