Ambac (AMBC) Tops Q2 EPS by 3c
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Ambac Reports Second Quarter 2024 Results
August 5, 2024 4:10 PM EDTCloses the acquisition of Beat Capital Partners
NEW 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 June 30, 2024.
Second Quarter 2024 Highlights
Net loss under $(1) million or $(0.02) per diluted share and Adjusted net income of $8 million or $0.18 per diluted share Insurance Distribution ("Cirrata") generated net income of $1 million and EBITDA of $2 million on $53 million of premiums placed Specialty P&C Insurance ("Everspan") produced Gross... More