Ambac (AMBC) Reports Q3 EPS of $2.00

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Go back to Ambac (AMBC) Reports Q3 EPS of $2.00

Ambac Reports Third Quarter 2023 Results

November 7, 2023 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the third quarter ended September 30, 2023.

Net income of $66 million or $1.41 per diluted share and Adjusted net income of $94 million or $2.00 per diluted share Legacy Financial Guarantee segment generated net income of $66 million in third quarter of 2023 Specialty P&C Insurance ("Everspan") wrote gross premium of $77 million, up 160% from the third quarter of 2022 and produced its first quarterly pre-tax... More