Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and interest rate derivative transactions. The company was incorporated in 1991 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: ambac.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2025 | $10.00 | Buy | Truist |
| 9/18/2024 | $13.00 → $15.00 | Neutral → Buy | ROTH MKM |
| 8/9/2023 | $18.00 | Neutral → Buy | Compass Point |
| 11/28/2022 | $18.00 | Neutral | Compass Point |
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4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
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Truist initiated coverage of Ambac with a rating of Buy and set a new price target of $10.00
ROTH MKM upgraded Ambac from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
Compass Point upgraded Ambac from Neutral to Buy and set a new price target of $18.00
Compass Point initiated coverage of Ambac with a rating of Neutral and set a new price target of $18.00
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Total revenue from continuing operations increased 8% for the quarter to $55 million Total P&C premium production increased 110% for the quarter to $346 million Wisconsin OCI recommends approval for the sale of AAC and sets hearing date for September 3rd, 2025 Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Second Quarter 2025. Second Quarter 2025 vs. Second Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $33 million for the quarter, an increase of 148% Net loss to Shareholders of $(8) million for the quarter Adjusted EBITDA of $5 million for the quart
Conference Call Scheduled for August 8, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release second quarter 2025 results on August 7, 2025, following the close of the market. Conference Call On August 8, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) o
Ambac Financial Group ("Ambac") (NYSE:AMBC), an insurance holding company, today reported that the Wisconsin Office of the Commissioner of Insurance ("OCI") has scheduled a hearing on the sale of Ambac Assurance Corporation ("AAC") (the "Sale"). The hearing will take place on September 3, 2025, at 9 a.m. CT. The OCI has also scheduled a pre-hearing conference relating to the Sale to take place on August 4, 2025, at 3 p.m. CT. Further information may be obtained on the OCI's website at https://oci.wi.gov/Pages/Companies/AcqAmbac.aspx. "We are pleased that a hearing date has been set, one of the final steps in the Wisconsin regulatory approval process," Ambac President and CEO Claude LeBlan
AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of Everspan Indemnity Insurance Company (Phoenix, AZ) and its affiliates, collectively referred to as Everspan Group. The outlook of these Credit Ratings (ratings) is stable. (See below for a listing of the companies and ratings.) The ratings reflect Everspan Group's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The balance sheet strength assessment reflects risk-adjusted capitalization supportive of the g
Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac") today announced the extension from July 3, 2025, to December 31, 2025 of the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses—Ambac Assurance Corporation ("AAC") and Ambac UK ("AUK")—to funds managed by Oaktree Capital Management, L.P. ("Oaktree") for $420 million in cash. Both Ambac and Oaktree remain fully committed to closing the transaction. Oaktree continues to work with the Wisconsin Office of the Commissioner of Insurance (the "OCI") to satisfy its remaining closing conditions and obtain final regulatory approval. "We continue to await final regulatory approval for this strateg
Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac"), an insurance holding company focused on insurance distribution and specialty property and casualty insurance, today provided an update on the timing of the sale of its legacy financial guarantee business and the extension of the maturity date of its outstanding credit facility. The regulatory review process for the sale of Ambac Assurance Corporation and Ambac Assurance UK Limited to funds managed by Oaktree Capital Management, L.P. is nearing completion and a hearing is expected to be held in the third quarter. Claude LeBlanc, President and Chief Executive Officer of Ambac stated, "Although the transaction has exceeded the anticipated ti
Aegis Energy, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today a partnership with Everspan Group, the AM Best rated A- (Excellent) carrier, to launch a new Excess program for Petroleum Gasoline Haulers. This Excess program is specifically designed to meet the needs of retail and wholesale Petroleum Gasoline Haulers engaged in petroleum and propane product distribution. Offering up to $4 million in excess coverage, the program is available nationwide, except for Massachusetts, Hawaii and Alaska. This non-admitted product provides enhanced flexibility for retail agents, enabling them to effectively address the unique risks faced by their petroleum indu
Total revenue from continuing P&C operations increased 27% for the quarter to $63 million Total P&C premium production increased 70% for the quarter to $318 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the First Quarter 2025. First Quarter 2025 vs. First Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $41 million for the quarter, an increase of 129% Net loss to Shareholders of $(2) million for the quarter, down 145%, with a (4.3)% margin vs. 21.2% Adjusted EBITDA of $12 million for the quarter, up 136%, with a 29.5% margin vs. 28.7% Adjusted EBITDA to
Conference Call Scheduled for May 13, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release first quarter 2025 results on May 12, 2025, following the close of the market. Conference Call On May 13, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC) reports that it has met all of its necessary pre-closing conditions under the purchase agreement for the sale of Ambac Assurance Corporation ("AAC") and Ambac UK ("AUK") to funds managed by Oaktree Capital Management, L.P. ("Oaktree"). Oaktree continues to pursue the final outstanding regulatory approval, which is expected to be received in the second quarter. As a result, consistent with the terms of the purchase agreement, the term of the purchase agreement has been automatically extended from April 4, 2025, to July 3, 2025. "The regulatory review process between Oaktree and the regulator continues to progress," Ambac President and Chief
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
10-Q - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
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8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
10-Q - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
SCHEDULE 13G/A - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
DEFA14A - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
DEF 14A - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
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SC 13G/A - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
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Live finance-specific insights
Total revenue from continuing operations increased 8% for the quarter to $55 million Total P&C premium production increased 110% for the quarter to $346 million Wisconsin OCI recommends approval for the sale of AAC and sets hearing date for September 3rd, 2025 Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Second Quarter 2025. Second Quarter 2025 vs. Second Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $33 million for the quarter, an increase of 148% Net loss to Shareholders of $(8) million for the quarter Adjusted EBITDA of $5 million for the quart
Conference Call Scheduled for August 8, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release second quarter 2025 results on August 7, 2025, following the close of the market. Conference Call On August 8, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) o
Total revenue from continuing P&C operations increased 27% for the quarter to $63 million Total P&C premium production increased 70% for the quarter to $318 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the First Quarter 2025. First Quarter 2025 vs. First Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $41 million for the quarter, an increase of 129% Net loss to Shareholders of $(2) million for the quarter, down 145%, with a (4.3)% margin vs. 21.2% Adjusted EBITDA of $12 million for the quarter, up 136%, with a 29.5% margin vs. 28.7% Adjusted EBITDA to
Conference Call Scheduled for May 13, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release first quarter 2025 results on May 12, 2025, following the close of the market. Conference Call On May 13, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493
Total revenue from continuing operations increased 89% for the year to $236 million Total Specialty P&C Insurance premium increased 74% for the year to $876 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024. Fourth Quarter 2024 and Full Year Highlights Strategic Business Transition: Ambac advanced its strategic transformation by entering the final stages of the sale of its Legacy Financial Guarantee business, a pivotal move positioning the company for long-term growth. This resulted in a loss on disposal of $(570) million in the quarter, resulting from our adoption of the
Conference Call Scheduled for February 27, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, will release fourth quarter 2024 results on February 26, 2025, following the close of the market. Conference Call On February 27, 2025, at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2024 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (
Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(28) million or $(0.63) per diluted share and Adjusted net loss of $(19) million or $(0.46) per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium Production of $260 million, increased 86% from the third quarter of 2023 Insurance Distribution ("Cirrata") generated total revenue of $24 million up 64.0% over last year Specialty P&C Insurance ("Everspan") combined ratio improved by 600
Conference Call Scheduled for November 13, 2024 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release third quarter 2024 results on November 12, 2024, following the close of the market. Conference Call On November 13, 2024, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss third quarter 2024 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic
Closes the acquisition of Beat Capital Partners 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 Premium Written of $111 million up 109% from second quarter of 2023 Total P&C Premium Production of $165 million, an increase of 75% from t
Conference Call Scheduled for August 6, 2024 Ambac Financial Group, Inc. (NYSE:AMBC), a financial services holding company, today announced that it will release second quarter 2024 results on August 5, 2024, following the close of the market. Conference Call On August 6, 2024, at 8:00 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2024 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Dom
Live Leadership Updates
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today. Ms. Matus will be a member of the Board's Audit and Compensation committees, while Mr. Price will be a member of the Audit and Strategy committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230622048794/en/Kristi A. Matus has joined the Board of Directors of Ambac Financial Group (Photo: Business Wire) "We are pleased to welcome Kristi Matus and Michael Price to Ambac's Board of Directors," said Jeffrey S. Stein, Chair
Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC) ("Ambac"), a financial services holding company, today announced the appointment of Naveen Anand as President of Cirrata Group, Ambac's insurance distribution division. Anand, the former Group President of Players Health, will be responsible for expanding Cirrata Group and building its profile in the specialty property and casualty insurance market. This is a newly created position reporting to Claude LeBlanc, President and CEO of Ambac. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005342/en/Ambac has
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE:AMBC), today announced the appointment of Christopher LaDelfa as Senior Vice President and head of its Captive Solutions unit, a newly-created division that will utilize Xchange's wholly owned protected cell company, Distribution Re. LaDelfa will be based in New Jersey. Launched in January, Distribution Re insures accident & health risks mainly in the form of high deductible medical stop loss plans. The captive is domiciled in Tennessee. "I am so pleased that Chris with his nearly 20 years of stop loss industry experience, integrity and reputation has agreed to join the Xchange team," said Pete
Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC), a financial services holding company, today announced the appointment of John Tatum as a Managing Director and Business Development Officer for its insurance distribution division, Cirrata Group. In this position, he will be responsible for expanding the company's platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata's second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff. This press release features multimedia. View the full release here: https:/
Everspan Group ("Everspan"), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief Underwriting and Reinsurance Officer. He will report directly to Steve Dresner, President of Everspan, and will oversee the company's program business and reinsurance relationships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230105005301/en/Darwin Lucas (pictured) has been named Chief Underwriting and Reinsurance Officer for Everspan Group. (Photo: Business Wire) "We are thrilled to welcome Darwin to the Everspan team," Dresner said. "His technical expertis
Steven K. Dresner to Succeed Blackburn as President Everspan Group ("Everspan"), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE:AMBC) ("Ambac"), today announced that Steven K. Dresner has been appointed President of Everspan, succeeding Wyatt Blackburn, who has retired. Blackburn will assume the role of Vice Chairman of Everspan Holdings and become a member of the Everspan Holdings Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221129005264/en/Steven K. Dresner (pictured) has been appointed president of Everspan. Dresner replaces Wyatt Blackburn, who has retired. (Ph
Charles J. Sebaski Joins Ambac as Managing Director, Head of Investor Relations Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today announced that Charles J. Sebaski has joined the firm as Managing Director, Head of Investor Relations, succeeding Lisa A. Kampf. "Charles brings vast industry experience across the investment community value chain, and we're pleased to welcome him to Ambac as we continue building and growing our diversified specialty P&C platform," said David Trick, Ambac's Chief Financial Officer. "His expertise will help our team continue to capture momentum as we execute our go-forward strategic roadmap. I want to thank
Ambac Financial Group, Inc. (the "Company") (NYSE:AMBC), a financial services holding company, announced the appointment of Lisa G. Iglesias as a member of its Board of Directors, effective today. Ms. Iglesias will be a member of the Board's Audit Committee. The Company also announced that Alexander D. Greene resigned from his position on the Board to pursue other opportunities. "We are pleased to welcome Lisa Iglesias to Ambac's Board of Directors. Lisa brings invaluable insurance and other business experience to our Board and will be a tremendous asset to Ambac as we execute on our strategic priorities to enhance long-term shareholder value," said Jeffrey S. Stein, Chairman of the Board.