Ambac (AMBC) Posts Wider Q1 Loss
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Ambac Announces First Quarter 2017 Results
May 10, 2017 4:10 PM EDTÂ Net Loss of $(125.4) million or $(2.77) per Diluted Share and Adjusted Loss1 of $(91.2) million or $(2.01) per Diluted Share primarily as a result of adverse reserve development for Puerto Rico
 Book Value per Share decreased $2.02 to $35.92 and Adjusted Book Value1 per Share decreased $2.39 to $27.09 at March 31, 2017 from December 31, 2016
 Continue to execute against our current priorities:
Benefit of $91.6 million realized as a result of the Ballantyne SettlementAdversely Classified Credits reduced by $1.3 billion, or 7.6% to $15.8 billion Insured Portfolio reduced by $5 billion, or 6%, to $75 billion... More