Ambac (AMBC) Tops Q1 EPS by 70c

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Go back to Ambac (AMBC) Tops Q1 EPS by 70c

Ambac Reports First Quarter 2024 Results

May 6, 2024 4:10 PM EDT

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended March 31, 2024.

First Quarter 2024 Highlights

Net income of $20 million or $0.43 per diluted share and Adjusted net income of $38 million or $0.82 per diluted share Legacy Financial Guarantee segment generated net income of $20 million Specialty P&C Insurance ("Everspan") produced a 98.4% combined ratio compared to 121.9% in the first quarter of 2023 Insurance Distribution ("Cirrata") generated net... More