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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ambac Financial Group Reports Q3 Adjusted Loss Per Share $1.66
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED LOSS PER SHARE $1.66.Q3 LOSS PER SHARE $0.48.Q3 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS I/B/E/S.QTRLY NET PREMIUMS EARNED $25.6 MILLION VERSUS $25.8 MILLION IN Q2.  Full Article

Ambac Financial Q4 Loss Per Share $0.43
Thursday, 1 Mar 2018 

Feb 28 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.12.Q4 LOSS PER SHARE $0.43.‍DURING Q4 OF 2017, NET PREMIUMS EARNED WERE $31.5 MILLION, COMPARED TO $53.0 MILLION IN Q3 OF 2017​.‍NET INVESTMENT INCOME FOR Q4 OF 2017 AND Q3 OF 2017 WAS $107.1 MILLION AND $87.2 MILLION, RESPECTIVELY​.  Full Article

Ambac Financial Announces Purchase Of COFINA Bonds And Withdrawal Of COFINA Bondholder Objection ​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ambac Financial Group Inc ::AMBAC FINANCIAL GROUP - ‍AMBAC ASSURANCE CORPORATION ENTERED DEAL WITH BONDHOLDERS TO PURCHASE CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS​.AMBAC FINANCIAL SAYS IN RELATION TO PURCHASE, COFINA BONDHOLDERS HAVE WITHDRAWN THEIR OBJECTION TO REHABILITATOR'S SEPT 25 MOTION.AMBAC FINANCIAL - AAC NOW OWNS 58% OF ITS INSURED COFINA BONDS WITH PURCHASE OF CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS.  Full Article

Ambac announces third quarter loss of $4.20 per share
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Ambac Financial Group Inc :Ambac announces third quarter 2017 results.Q3 adjusted loss per share $3.30.Q3 loss per share $4.20.Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​.Board completed a comprehensive review of ambac's corporate strategy​.To ‍evaluate future new business initiatives in certain business sectors, adjacent to co's core business​.To conduct ‍ongoing review of organizational cost effectiveness and efficiency of operating platform​.  Full Article

Ambac Financial Group says ‍revised initial dates of pre-trial hearing
Thursday, 14 Sep 2017 

Sept 13 (Reuters) - Ambac Financial Group Inc :Ambac Financial Group Inc - ‍revised initial dates of pre-trial hearing on segregated account's rehabilitation plan amendment to December 14​.Ambac Financial Group Inc says ‍confirmation of pre-trial hearing to January 4, 2018 through January 5, 2018​.Ambac Financial Group Inc - ‍pre-trial hearing and confirmation hearing are related to holistic restructuring transaction​.  Full Article

Ambac wins dismissal of shareholder lawsuit over Puerto Rico bond exposure
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - u.s. Judge dismisses lawsuit by ambac shareholders accusing company of concealing losses related to puerto rico bond exposure--ruling:.  Full Article

Ambac financial group Q2 earnings per share $0.16
Thursday, 10 Aug 2017 

Aug 9 (Reuters) - Ambac Financial Group Inc :Ambac announces second quarter 2017 results.Q2 adjusted earnings per share $1.54.Q2 earnings per share $0.16.Qtrly net premiums earned were $43.2 million, compared to $47.6 million in Q1 of 2017.Says net investment income for Q2 of 2017 and Q1 of 2017 was $85.2 million and $81.6 million, respectively.Q2 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.  Full Article

Ambac Financial Group says AAC, creditors reach understanding on potential transaction
Wednesday, 21 Jun 2017 

June 20 (Reuters) - Ambac Financial Group Inc -:Ambac Financial Group Inc says AAC and a group of creditors have reached a non-binding understanding on key terms of a potential transaction.  Full Article

Ambac announces Q1 loss per share $2.77
Thursday, 11 May 2017 

May 10 (Reuters) - Ambac Financial Group Inc :Ambac announces first quarter 2017 results.Q1 adjusted loss per share $2.01.Q1 loss per share $2.77.Ambac Financial Group Inc- Book value per share decreased $2.02 to $35.92 at March 31, 2017.Ambac Financial Group Inc - Qtrly net premiums earned $ 47.6 million versus $ 49.9 million in Q4.Ambac Financial Group Inc says "our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico".Ambac - Q1 net loss of $125.4 million and adjusted loss of $91.2 million primarily as a result of adverse reserve development for Puerto Rico.Says co is "aggressively pursuing loss mitigation strategies in Puerto Rico".Says "actively monitoring situation in Puerto Rico and taking appropriate measures".  Full Article