Ambac (AMBC) Reports Q4 Loss of $1.91
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Ambac Reports Fourth Quarter 2019 Results
March 2, 2020 5:07 PM ESTNEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company whose subsidiaries include Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), guarantors of financial obligations in run-off , today reported a Net Loss attributable to common stockholders of $110 million or a net loss of $2.40 per diluted share and an Adjusted Loss(1) of $88 million or a net loss of $1.91 per diluted share for the quarter ended December 31, 2019. This compares to Net Income attributable to common stockholders of $66 million or $1.41 per diluted share and Adjusted Earnings of... More
