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Ambac Financial Group, Inc.

Ambac Financial Group, Inc.

NYSE•AMBC
CEO: Mr. Claude L. LeBlanc CPA
Sector: Financial Services
Industry: Insurance - Specialty
Listing Date: 2013-05-01
Ambac Financial Group, Inc. operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks. The Insurance Distribution business includes the specialty property and casualty insurance distribution business, which includes managing general agents and underwriters, insurance wholesalers, brokers, and other distribution businesses. The LFG Insurance business offers financial guarantee insurance policies that provide an unconditional and irrevocable guarantee, which protects the holder of a debt obligation against non-payment when due of the principal and interest on the obligations guaranteed. Ambac Financial Group, Inc. was incorporated in 1991 and is headquartered in New York, New York.
Contact Information
One World Trade Center, 41st Floor, New York, NY, 10007, United States
212-658-7470
www.ambac.com
Market Cap
$423.73M
P/E (TTM)
-0.7
22.7
Dividend Yield
--
52W High
$13.64
52W Low
$5.99
52W Range
37%
Rank52Top 60.9%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$66.61M-41.58%
4-Quarter Trend

EPS

-$2.35+298.31%
4-Quarter Trend

FCF

-$41.15M-184.14%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Continuing Operations Net Loss Total net loss reached $(112.62) M, significantly wider than prior year's $(27.50) M loss, impacted by discontinued operations sale adjustments.
Commission Income Rises Commission income grew $13.00 M to $36.06 M, driven by full inclusion of Beat acquisition results in the current quarter.
Loss Expense Decreased Loss and loss adjustment expenses for continuing operations fell $6.03 M to $14.39 M, reflecting favorable mix shift and non-renewals.
Major Asset Divestiture Total assets dropped significantly to $2.15 B from $8.06 T due to the completion of the Ambac Assurance Corporation (AAC) sale in September 2025.

Risk Factors

Volatility in Common Stock Stock price highly volatile; declines possible from adverse financial results, regulatory changes, or market perception impacting business strategy execution.
Reinsurance Counterparty Credit Credit risk exists if reinsurers fail to reimburse Everspan for paid losses, potentially leading to material adverse impact on financial condition.
Executing Growth Strategy Plans to expand P&C and Distribution businesses rely on successful acquisitions, talent retention, and timely integration; failure risks value creation.
Interest Rate Impact on Portfolio Rising interest rates adversely affect investment portfolio fair value; forced sales during liquidity needs could realize losses at discounted prices.

Outlook

Focus on Core Segments Primary goal remains maximizing shareholder value via targeted strategies for Insurance Distribution and Specialty Property & Casualty businesses.
ArmadaCare Acquisition Closed Company closed ArmadaCare acquisition post-period end, adding A&H MGA/U business for diversification and growth in supplemental health products.
Name Change Planned Following the exit from the legacy financial guarantee business, Ambac plans to change its name and begin rebranding in the fourth quarter of 2025.
Capital Needs Management AFG liquidity relies on subsidiary distributions; future capital needs, including ArmadaCare financing, may require seeking additional debt or equity issuance.

Peer Comparison

Revenue (TTM)

Regional Management Corp.RM
$630.73M
+9.6%
Global Indemnity Group, LLCGBLI
$441.82M
-0.0%
Ambac Financial Group, Inc.AMBC
$249.54M
-19.7%

Gross Margin (Latest Quarter)

Regional Management Corp.RM
95.6%
-2.0pp
TWFG, Inc.TWFG
84.5%
+61.0pp
Sierra BancorpBSRR
71.9%
+2.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CWBC$450.21M13.29.0%2.5%
BSRR$436.43M42.42.9%1.3%
TWFG$428.92M29.518.9%1.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.7%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $66.61M-41.6%
    |
    EPS: $-2.35+298.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $54.96M-47.2%
    |
    EPS: $-1.54+7029.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $62.76M+26.6%
    |
    EPS: $-0.91-306.8%
    Miss

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 6, 2025|
    Revenue: $235.82M-12.3%
    |
    EPS: $-10.71+688.9%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 12, 2024|
    Revenue: $114.00M+56.2%
    |
    EPS: $-0.59-141.0%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $104.00M+67.7%
    |
    EPS: $-0.02-92.3%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $49.55M-14.6%
    |
    EPS: $0.44-161.1%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $269.00M+401.8%
    |
    EPS: $0.18-98.4%
    Beat