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Ambac Finl Group Inc - AMBC STOCK NEWS

Welcome to our dedicated page for Ambac Finl Group news (Ticker: AMBC), a resource for investors and traders seeking the latest updates and insights on Ambac Finl Group stock.

Ambac Financial Group Inc (AMBC) provides essential financial guarantee services and specialty insurance solutions through its three core business segments. This news hub offers investors and stakeholders timely updates on corporate developments, regulatory filings, and strategic initiatives shaping the company's role in structured finance and risk management markets.

Access curated press releases and news articles covering AMBC's legacy insurance operations, specialty P&C innovations, and distribution network expansions. Track earnings announcements, leadership updates, and material events impacting this New York-based financial holding company. Our repository ensures you stay informed about Ambac's evolving position in public finance guarantees and insurance distribution markets.

Bookmark this page for direct access to primary source materials and analysis-free reporting. Regularly updated content supports informed decision-making for those monitoring financial services sector developments and specialty insurance industry trends.

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Ambac Financial Group, Inc. reports mixed financial results for Q4 2023 with a net loss of $(16) million but improved performance in its Specialty P&C Insurance segment. The company's Legacy Financial Guarantee segment faced challenges. Despite revenue growth and positive net income in certain segments, there are concerns about overall profitability.
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Ambac Financial Group, Inc. (AMBC) will release its fourth quarter 2023 results on February 27, 2024, followed by a conference call on February 28, 2024. The call will feature Claude LeBlanc, President, and CEO, and David Trick, EVP, and CFO, discussing the results. Participants can join via webcast or telephone.
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Ambac Financial Group, Inc. (NYSE: AMBC) reported a net income of $66 million or $1.41 per diluted share and adjusted net income of $94 million or $2.00 per diluted share for the third quarter of 2023. Everspan wrote gross premiums of $77 million, up 160% from the third quarter of 2022, and produced its first quarterly pre-tax profit. Cirrata premiums placed were $62 million, up 119% from the third quarter of 2022. Book value per share was up 1% to $28.00, and adjusted book value per share was up 3% to $27.90 from June 30, 2023.
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Ambac Financial Group, Inc. will release its third quarter 2023 results on November 7, 2023, followed by a conference call on November 8, 2023, to discuss the results. The call will be led by the President and CEO, Claude LeBlanc, and the CFO, David Trick.
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Ambac Financial Group, Inc. (NYSE: AMBC) has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business. Riverton's MGA, Professionals’ Best, offers professional liability insurance programs to licensed architects, engineers, construction managers, and real estate professionals. The deal aims to enhance Ambac's property and casualty insurance distribution platform, Cirrata Group.
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Ambac Finl Group Inc

NYSE:AMBC

AMBC Rankings

AMBC Stock Data

373.48M
46.92M
3.83%
92.32%
6.15%
Insurance - Specialty
Surety Insurance
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United States
NEW YORK