Ambac Reports Fourth Quarter 2023 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" or "AFG"), a financial services holding company, today reported its results for the fourth quarter and year ended December 31, 2023.Net loss of $(16) million or $(0.24) per diluted share and Adjusted net income of $10 million or $0.32 per diluted share in the fourth quarter of 2023Legacy Financial Guarantee segment generated net loss of $(12) million in fourth quarter of 2023Specialty P&C Insurance ("Everspan") produced its second consecutive quarterly pre-tax profit and wrote gross premium of $91 million, up 76% from the fourth quarter of 2022Insurance Distribution ("Cirrata") premiums placed of $50 million, up 31% from the fourth quarter of 2022Book Value per share of $30.13 was up 8% and Adjusted Book Value per share of $28.74 was up 3% from September 30, 2023Claude LeBlanc, President and Chief Executive Officer, stated, "I am pleased to report that for 2023 our specialty P&C platform exceeded our targ
Show less
Read more
Impact Snapshot
Event Time:
AMBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMBC alerts
High impacting Ambac Financial Group, Inc. news events
Weekly update
A roundup of the hottest topics
AMBC
News
- Ambac Financial Group, Inc. (NYSE: AMBC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Ambac Financial Group, Inc. (NYSE: AMBC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- 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
AMBC
Earnings
- 2/27/24 - Beat
AMBC
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/8/24 - Form PRE
- AMBC's page on the SEC website