Ambac (AMBC) Posts Q4 EPS of $8.56
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Ambac Announces Fourth Quarter 2015 Net Income of $387 Million, or $8.56 Per Diluted Share, Including Positive Impact From JP Morgan RMBS Litigation Settlement; Compared to a Net Loss of $391 Million
February 18, 2016 4:29 PM ESTFourth Quarter 2015 Operating Earnings of $481 million or $10.64 per Diluted Share;Â Compared to $3.77 per Diluted Share in the Third Quarter, an Increase of 182%
Book Value per Share Increased 24% to $37.41 andAdjusted Book Value per Share Increased 39% to $24.78at December 31, 2015 from September 30, 2015
Insured Portfolio and Adversely Classified Credits Each Decreased by 9% during the Quarter
Acquired $235 million of Ambac Insured Distressed Exposures during the Quarter
$71 million of Tolling Payments to be Received from AAC in May... More
Ambac Announces Update at the Segregated Account
February 17, 2016 7:30 PM ESTNEW YORK, Feb. 17, 2016 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq: AMBC) ("Ambac"), a holding company whose subsidiaries, including Ambac Assurance Corporation (AAC), provide financial guarantees and other financial services, today announced that effective immediately, the Commissioner of Insurance of the State of Wisconsin, Theodore K. Nickel, acting in his capacity as Rehabilitator of the Segregated Account of AAC (the Segregated Account), Â has appointed Daniel J. Schwartzer as the Special Deputy Commissioner for the Segregated Account (SDC). Mr. Schwartzer is the Deputy Commissioner of Insurance of the State of Wisconsin and will continue... More
