Ambac (AMBC) Tops Q3 EPS by 97c

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Go back to Ambac (AMBC) Tops Q3 EPS by 97c

Ambac Reports Third Quarter 2021 Results

November 8, 2021 4:10 PM EST

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported net income attributable to common stockholders of $17 million or $0.35(1) per diluted share and adjusted income(2) of $25 million or $0.53 per diluted share for the quarter ended September 30, 2021. This compares to a net loss attributable to common stockholders of $29 million or $0.63 per diluted share and an adjusted loss of $13 million or $0.30 per diluted share in the second quarter of 2021. Book value per share decreased $0.10 to $22.91 and adjusted book value per share(2) decreased $0.20 to $19.05 from June 30, 2021, to... More