Ambac Reports First Quarter 2022 Results
Ambac Financial Group, Inc. (AMBC)
US:NASDAQ Investor Relations:
ir.ambac.com/investor-relations
Company Research
Source: Business Wire
Significant Progress in Strategic InitiativesNet income of $2 million and adjusted earnings of $14 million, including the impact of previously announced developments related to RMBS litigation and Puerto RicoSpecialty P&C insurance production totaled $69 million, up 71% from first quarter 2021Puerto Rico principal and interest exposure reduced by $450 million or 25% from December 31, 2021 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 $2 million or $0.04(1) per diluted share and adjusted earnings(2) of $14 million or $0.30(1) per diluted share for the quarter ended March 31, 2022. This compares to net income attributable to common stockholders of $17 million or $0.08 per diluted share and adjusted earnings of $41 million or $0.59 per diluted share in the first quarter of 2021. Book value per share decreased $2.77 to $19.65 and adjusted book
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News
- Ambac to Release First Quarter 2024 Results on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Ambac to Release First Quarter 2024 Results on May 6, 2024Business Wire
- The past five years for Ambac Financial Group (NYSE:AMBC) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Ambac Financial Group, Inc. (NYSE: AMBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ambac Financial Group, Inc. (NYSE: AMBC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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