Ambac (AMBC) Reports Q1 EPS of $0.59

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Go back to Ambac (AMBC) Reports Q1 EPS of $0.59

Ambac Reports First Quarter 2021 Results

May 10, 2021 7:05 AM EDT

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company, today reported Net Income attributable to common stockholders of $17 million or $0.08(1) per diluted share and Adjusted Earnings(2) of $41 million or $0.59 per diluted share for the quarter ended March 31, 2021. This compares to a Net Loss attributable to common stockholders of $14 million or $0.31 per diluted share and Adjusted Earnings of $4 million or $0.08 per diluted share in the fourth quarter of 2020. Book Value per Share decreased $0.55 to $23.02 and Adjusted Book Value per Share(2) decreased $0.39 to $19.66 from December 31, 2020, to March 31,... More