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Ambac Financial Group Inc   (NYSE: AMBC)
Other Ticker:  
 
 
Price: $8.7700 $0.17 1.977%
Day's High: $8.94 Week Perf: 3.3 %
Day's Low: $ 8.54 30 Day Perf: -23.07 %
Volume (M): 10,492 52 Wk High: $ 18.45
Volume (M$): $ 92,016 52 Wk Avg: $12.51
Open: $8.56 52 Wk Low: $7.92



 Market Capitalization (Millions $) 456
 Shares Outstanding (Millions) 52
 Employees 151
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -59
 Cash Flow (TTM) (Millions $) 28
 Capital Exp. (TTM) (Millions $) 0

Ambac Financial Group Inc
Ambac Financial Group Inc. is a financial services company that specializes in providing insurance and financial guarantees to clients across various sectors. It operates through its subsidiaries, primarily Ambac Assurance Corporation. The company offers financial guarantee insurance to public finance and structured finance sectors, assisting in the enhancement of credit and facilitating the issuance of debt securities. Ambac Financial Group also provides credit enhancement for asset-backed securities and mortgage-backed securities, helping to improve their marketability and appeal to investors. Furthermore, the company offers consulting services related to risk management and financial analysis. Ambac Financial Group is headquartered in New York, United States, and serves clients globally.


   Company Address: One World Trade Center New York 10007 NY
   Company Phone Number: 658-7470   Stock Exchange / Ticker: NYSE AMBC


   

Stock Performances by Major Competitors

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Ambac Financial Group Inc

Ambac Financial Group Inc Soars with 77% Revenue Increase in Q1 2024

The financial results of Ambac Financial Group Inc for the first quarter of 2024 have shown a significant turnaround in profitability, with the company reporting earnings per share of $0.43 compared to a loss of $0.73 per share in the same period last year. This marks a positive shift for the company, as it also saw income per share increase from a loss of $0.33 in the previous reporting period.
One of the key highlights of AMBC's financial results is the strong increase in revenue, which surged by 77.586% to $103.00 million from $58.00 million in the same period last year. This growth is even more impressive when compared to the sequential increase of 37.333% from $75.00 million. AMBC's performance outpaced many of its competitors in the Property & Casualty Insurance industry, with two-thirds of businesses in the sector reporting an average revenue growth of 15.15% in the first quarter of 2024 compared to the same period in 2023.
Ambac Financial Group Inc

Subheading: Ambac Financial Group Inc Faces Fiscal Challenges but Shows Potential for Growth amid Declining Performance

Despite an overall downward trend in financial performance, Ambac Financial Group Inc has shown resilience and potential for growth in the face of challenging circumstances. The company's fiscal span ending December 31, 2023, saw a slip into a deficit of $-0.33 per share compared to $11.15 a year ago. Additionally, income per share fell from $1.41 in the preceding quarter.
One significant factor that impacted the company's financials was a sharp decline in revenue, with a staggering -69.88% decrease to $75.00 million from $249.00 million in the same quarter the previous year. However, there is a silver lining as revenue sequentially surged by 1.351% from $74.00 million.






Ambac Financial Group Inc's Segments
Financial Guarantee    38.6 % of total Revenue
Specialty Property Casualty Program    35.09 % of total Revenue
Managing General Agency Underwriter    21.05 % of total Revenue
Corporate and Other    5.26 % of total Revenue
Variable Interest Entity Primary Beneficiary    1.75 % of total Revenue
Marine and Energy    0.88 % of total Revenue
Accident Health    6.14 % of total Revenue
Other Property    1.75 % of total Revenue
Reinsurer Other    0.88 % of total Revenue
Miscellaneous Specialty    0.88 % of total Revenue
Specialty Automobile    6.14 % of total Revenue
Niche Specialty Risks    1.75 % of total Revenue
Other Professional    1.75 % of total Revenue





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