Ambac (AMBC) Tops Q1 EPS by 11c
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Ambac Reports First Quarter 2023 Results
May 9, 2023 4:10 PM EDTNEW 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, 2023.
Net loss of $(33) million or $(0.73) per diluted share and Adjusted net loss of $(14) million or $(0.30) per diluted share Specialty P&C Insurance ("Everspan") gross written premium of $52 million, up 116% from the first quarter of 2022 Insurance Distribution ("Cirrata") premiums placed of $77 million, up 72% from the first quarter of 2022 Book Value per share of... More