Ambac to Release Fourth Quarter 2020 Results on March 1, 2021

Rhea-AI Summary

Ambac Financial Group, Inc. (NYSE: AMBC) will release its fourth quarter 2020 results on March 1, 2021, after market close. A conference call to discuss these results will be held on March 2, 2021, at 8:30 AM ET, featuring Claude LeBlanc and David Trick. The call will cover Ambac's financial performance and its three pillar platform diversification strategy. The call can be accessed via telephone or through a live webcast. Ambac operates as a financial services holding company with subsidiaries currently in runoff and is exploring new business opportunities.

Positive

• Scheduled release of fourth quarter 2020 results indicates transparency and commitment to investor relations.
• Confirms active strategy to diversify business through acquisitions and new developments.

Negative

• Majority of subsidiaries are in runoff, which may imply challenges in generating new revenue.

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it will release fourth quarter 2020 results on March 1, 2021 following the close of the market.

Conference Call

On March 2, 2021 at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2020 results and provide additional detail and updates on Ambac’s three pillar platform diversification strategy during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac’s website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (International).

The webcast will be archived on Ambac's website. A replay of the call will be available through March 16, 2021 and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13714475.

About Ambac

Ambac Financial Group, Inc. (“Ambac” or “AFG”), headquartered in New York City, is a financial services holding company whose subsidiaries, Ambac Assurance Corporation and Ambac Assurance UK Limited, are financial guarantee insurance companies currently in runoff. Ambac is also in the process of acquiring and/or developing new businesses through other subsidiaries, including Everspan Indemnity Insurance Company, Everspan Insurance Company, Xchange Benefits, LLC and Xchange Affinity Underwriting Agency, LLC. Ambac’s common stock trades on the New York Stock Exchange under the symbol “AMBC”. The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac’s common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac’s common stock or a holder of 5% or more of Ambac’s common stock increases its ownership interest. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to www.ambac.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210212005555/en/

FAQ

When will Ambac Financial Group release its fourth quarter 2020 results?

Ambac Financial Group will release its fourth quarter 2020 results on March 1, 2021.

What is the date and time for Ambac's conference call regarding the fourth quarter results?

The conference call will be on March 2, 2021, at 8:30 AM ET.

Who will be presenting during Ambac's conference call?

Claude LeBlanc, President and CEO, and David Trick, Executive Vice President and CFO, will present.

How can I access the conference call for Ambac's fourth quarter results?

The conference call can be accessed via telephone or through a live audio webcast on Ambac's Investor Relations webpage.

What is Ambac's strategy for business diversification?

Ambac is focusing on a three pillar platform diversification strategy and is in the process of acquiring and developing new businesses.