Ambac Financial Group, Inc. (AMBC)

NYSE: AMBC · IEX Real-Time Price · USD
14.21
-0.33 (-2.27%)
Apr 25, 2024, 11:24 AM EDT - Market open
-2.27%
Market Cap 643.10M
Revenue (ttm) 269.00M
Net Income (ttm) 4.00M
Shares Out 45.23M
EPS (ttm) 0.18
PE Ratio 80.78
Forward PE 95.03
Dividend n/a
Ex-Dividend Date n/a
Volume 38,624
Open 14.45
Previous Close 14.54
Day's Range 14.16 - 14.45
52-Week Range 11.26 - 17.80
Beta 1.30
Analysts n/a
Price Target n/a
Earnings Date May 6, 2024

About AMBC

Ambac Financial Group, Inc. operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks. The Insurance Distribution business includes the specialty property and casualty insurance distribution business, which includes managing general agents and un... [Read more]

Sector Financials
IPO Date Jul 11, 1991
Employees 178
Stock Exchange NYSE
Ticker Symbol AMBC
Full Company Profile

Financial Performance

In 2023, AMBC's revenue was $269.00 million, a decrease of -46.73% compared to the previous year's $505.00 million. Earnings were $4.00 million, a decrease of -99.23%.

Financial Statements

News

Ambac to Release First Quarter 2024 Results on May 6, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to release first quarter results on May 6, 2024.

3 days ago - Business Wire

Ambac Reports Fourth Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Reports Fourth Quarter 2023 Results.

2 months ago - Business Wire

Ambac to Release Fourth Quarter 2023 Results on February 27, 2024

NEW YORK--(BUSINESS WIRE)--Ambac to release fourth quarter 2023 results on February 27, 2024.

2 months ago - Business Wire

Ambac Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac reports third quarter 2023 results.

6 months ago - Business Wire

Ambac to Release Third Quarter 2023 Results on November 7, 2023

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2023 Results on November 7, 2023.

6 months ago - Business Wire

Ambac Reports Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the second quarter ended June 30, 2023. Net...

9 months ago - Business Wire

Ambac Acquires Riverton Insurance Agency Corp.

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, today announced that it has acquired a majority stake in Riverton Insurance Agency ...

9 months ago - Business Wire

Ambac to Release Second Quarter 2023 Results on August 7, 2023

NEW YORK--(BUSINESS WIRE)--Ambac to Release Second Quarter 2023 Results on August 7, 2023.

9 months ago - Business Wire

Ambac Reports First Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ambac Reports First Quarter 2023 Results.

1 year ago - Business Wire

Ambac Financial Group Selects Majesco Policy for P&C, Majesco Billing for P&C and Majesco Digital1st® for Cirrata Group

MORRISTOWN, N.J.--(BUSINESS WIRE)-- #futureforecast--Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced Ambac Financial Group, Inc. se...

1 year ago - Business Wire

Ambac to Release First Quarter 2023 Results on May 9, 2023

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release first quarter 2023 results on May 9, 2023, following the...

1 year ago - Business Wire

Ambac Financial Group Issues Reminder Concerning Expiration of Warrants

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group Issues Reminder Concerning Expiration of Warrants

1 year ago - Business Wire

Ambac Reports Fourth Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported net income attributable to common stockholders of $175 mill...

1 year ago - Business Wire

Ambac to Release Fourth Quarter 2022 Results on February 28, 2023

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, will release fourth quarter 2022 results on February 28, 2023, following the close of the mar...

1 year ago - Business Wire

Ambac Names John Tatum Business Development Officer for Cirrata Group

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group (NYSE: AMBC), a financial services holding company, today announced the appointment of John Tatum as a Managing Director and Business Development Off...

1 year ago - Business Wire

Xchange Benefits Launches Xchange Re Underwriting Agency, LLC

ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re U...

1 year ago - Business Wire

Xchange Benefits Launches Tennessee Captive Insurance Company, Distribution Re

ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a protected cell company named ...

1 year ago - Business Wire

Everspan Names Darwin Lucas Chief Underwriting and Reinsurance Officer

NEW YORK--(BUSINESS WIRE)--Everspan Group (“Everspan”), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief...

1 year ago - Business Wire

Ambac Settles RMBS Litigation Against Nomura

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“AAC”), today announced that on December 2...

1 year ago - Business Wire

Ambac Releases Statement Regarding Speculative Acquisition Report

NEW YORK,--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac”), a financial services holding company, released the following statement:

1 year ago - Business Wire

Everspan Group Announces Retirement of Wyatt Blackburn

NEW YORK--(BUSINESS WIRE)--Everspan Group (“Everspan”), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE: AMBC) (“Ambac”), today announced that Steven K. Dre...

1 year ago - Business Wire

Ambac Reports Third Quarter 2022 Results

Net income of $340 million and adjusted earnings of $338 million

1 year ago - Business Wire

Ambac Acquires Specialty Insurance MGU All Trans Risk Solutions, LLC and Wholesale Broker Capacity Marine Corporation

NEW YORK--(BUSINESS WIRE)--Ambac completes acquisition of two specialty P&C insurance businesses

1 year ago - Business Wire

Ambac to Release Third Quarter 2022 Results on November 8, 2022

NEW YORK--(BUSINESS WIRE)--Ambac to Release Third Quarter 2022 Results on November 8, 2022

1 year ago - Business Wire

Everspan Partners with Specialty Program Group on Habitational Program

NEW YORK--(BUSINESS WIRE)--Everspan partners with SPG on habitational excess casualty program, HABX

1 year ago - Business Wire