Ambac Reports First Quarter 2021 Results
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"), a financial services holding company, today reported Net Income attributable to common stockholders of $17 million or $0.08(1) per diluted share and Adjusted Earnings(2) of $41 million or $0.59 per diluted share for the quarter ended March 31, 2021. This compares to a Net Loss attributable to common stockholders of $14 million or $0.31 per diluted share and Adjusted Earnings of $4 million or $0.08 per diluted share in the fourth quarter of 2020. Book Value per Share decreased $0.55 to $23.02 and Adjusted Book Value per Share(2) decreased $0.39 to $19.66 from December 31, 2020, to March 31, 2021.The results for the first quarter of 2021 as compared to the fourth quarter of 2020 were primarily driven by $37 million of gains from junior surplus note exchanges, higher gains from interest rate derivatives and the inclusion of Xchange's results, partially offset by incremental Puerto Rico incurred losses.Clau
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- Ambac Announces Meeting and Record Date for 2024 Annual Meeting of StockholdersBusiness Wire
AMBC
Earnings
- 2/27/24 - Beat
AMBC
Sec Filings
- 4/8/24 - Form PRE
- 4/5/24 - Form SC
- 4/1/24 - Form 4
- AMBC's page on the SEC website