Ambac (AMBC) Reports Q4 EPS of $0.12

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Go back to Ambac (AMBC) Reports Q4 EPS of $0.12

Ambac Announces Fourth Quarter 2017 Results

February 28, 2018 4:40 PM EST

Ambac executes on key strategic priorities: Successfully concluded the Segregated Account Rehabilitation on February 12, 2018, resulting in an increase, on a proforma basis, of $7.561, or 25% to December 31, 2017 book valueAdversely Classified Credits reduced by $1.1 billion or 7.5% to $14.1 billion driven mostly by active loss mitigation effortsInsured net par reduced by $4 billion, or 6%, to $63 billion Increased investment in Ambac insured COFINA and PRIFA bonds to 58% from 40% and 29% from 24%, respectively Net Loss of $(19.5) million or $(0.43) per Diluted Share and Adjusted Earnings2 of... More