Ambac Financial Group, Inc. (AMBC)

Ambac Financial Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	78.25	99.01	51.91	13.87	47	54
Total Interest & Dividend Income	12.47	14.45	13.16	4.5	139	122
Gain (Loss) on Sale of Investments	-0.5	-0.5	0.02	-0.06	7	22
Other Revenue	167.65	127.8	61.12	35.3	56	-42
Total Revenue	257.88	240.75	126.21	53.61	249	156
Revenue Growth (YoY)	148.44%	90.76%	135.41%	-78.47%	59.61%	-56.91%
Policy Benefits	51.72	72.63	36.71	9.07	-88	225
Policy Acquisition & Underwriting Costs	62.32	64.54	40.02	20.18	16	-
Amortization of Goodwill & Intangibles	33.29	17.6	4.15	2.92	55	57
Depreciation & Amortization	2.35	2.35	1.08	0.87	-	-
Selling, General & Administrative	138.48	94.79	66.42	56.28	111	92
Other Operating Expenses	4.94	4.94	1.48	-	-	-
Total Operating Expenses	293.09	256.84	149.86	89.32	94	374
Operating Income	-35.21	-16.09	-23.65	-35.71	155	-218
Interest Expense	-20.4	-9.38	-	-	-187	-222
Other Non Operating Income (Expenses)	-	-	-	-	1	-
EBT Excluding Unusual Items	-55.62	-25.47	-23.65	-35.71	-31	-440
Merger & Restructuring Charges	-24.32	-34.38	-0.57	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	1.13	-	-
Other Unusual Items	-	-	-	-	33	-
Pretax Income	-79.94	-59.85	-24.22	-34.58	2	-440
Income Tax Expense	-3.81	-0.92	-0.99	-0.46	18	-3
Earnings From Continuing Ops.	-76.13	-58.92	-23.23	-34.11	-16	-437
Earnings From Discontinued Ops.	-617.89	-497.17	28.18	557.36	-	-
Net Income to Company	-694.01	-556.09	4.95	523.25	-16	-437
Minority Interest in Earnings	-0.85	-0.36	-1.32	-0.87	-1	-
Net Income	-694.86	-556.45	3.63	522.38	-17	-437
Preferred Dividends & Other Adjustments	-40.92	-53.21	-4.79	-2.47	12	-
Net Income to Common	-653.94	-503.24	8.42	524.85	-29	-437
Net Income Growth	-	-	-99.30%	-	-	-
Shares Outstanding (Basic)	48	47	46	46	47	46
Shares Outstanding (Diluted)	48	47	46	46	47	46
Shares Change (YoY)	4.40%	2.92%	-0.18%	-1.75%	0.84%	0.42%
EPS (Basic)	-13.67	-10.71	0.18	11.48	-0.62	-9.47
EPS (Diluted)	-13.67	-10.71	0.18	11.48	-0.62	-9.47
EPS Growth	-	-	-98.39%	-	-	-
Operating Margin	-13.66%	-6.68%	-18.74%	-66.60%	62.25%	-139.74%
Profit Margin	-253.58%	-209.03%	6.68%	978.98%	-11.65%	-280.13%
EBITDA	0.42	3.86	-18.42	-31.91	212	-160
EBITDA Margin	0.16%	1.60%	-14.60%	-59.53%	85.14%	-102.56%
D&A For EBITDA	35.64	19.95	5.23	3.79	57	58
EBIT	-35.21	-16.09	-23.65	-35.71	155	-218
EBIT Margin	-13.66%	-6.68%	-18.74%	-66.60%	62.25%	-139.74%
Effective Tax Rate	-	-	-	-	900.00%	-
Revenue as Reported	235.82	235.82	124.73	53.61	282	156

Updated May 12, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q