Ambac (AMBC) Tops Q2 EPS by $1.04
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Ambac Reports Second Quarter 2022 Results
August 8, 2022 4:27 PM EDTGrowth in Specialty P&C Production and Material De-Risking of the Legacy Financial Guarantee Portfolio Advances Ambac's Strategic Priorities
Net income of $5 million and adjusted earnings of $13 million
Specialty P&C Insurance Platform production totaled $65 million, up 168% from second quarter of 2021
Legacy Financial Guarantee Watch List and Adversely Classified Credits insured net par reduced 11%
Repurchased $133 million of AAC debt and $14 million of AFG common stock
NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE:... More
