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

$397.37M

P/E (TTM)

-1.0

20.9

Dividend Yield

52W High

$13.64

52W Low

$5.99

52W Range

30%

Rank48Top 64.4%

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: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$66.90M+0.00%

4-Quarter Trend

EPS

-$0.82+0.00%

4-Quarter Trend

FCF

-$666.00K+0.00%

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)

$645.57M

+9.7%

GBLI

$441.82M

-0.0%

TWFG

$251.53M

+29.8%

Gross Margin (Latest Quarter)

TWFG

295.4%

+4.3pp

BSRR

79.3%

+0.0pp

CWBC

74.7%

+6.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
VBNK	$457.46M	19.8	5.9%	1.7%
BSRR	$451.66M	10.5	11.8%	13.6%
CWBC	$436.28M	11.4	9.8%	3.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

2.2%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 11, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data