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Ambac Financial Group, Inc (AMBC) Q1 2021 Earnings Call Transcript

Operator Greetings, and welcome to the Ambac Financial Group Inc. First Quarter 2021 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Ms. Lisa Kampf, Head of Investor Relations; Claude LeBlanc, Chief Executive Officer; and David Trick, Chief Financial Officer. I will now turn the call over to Lisa. Lisa A. Kampf Head of Investor Relations Thank you. Good morning, and thank you all for joining today s conference call to discuss Ambac Financial Group s first quarter 2021 financial results. We d like to remind you that today s presentation may contain forward-looking statements about our business, including but not limited to, new business, credit outlooks, market conditions, credit spreads, financial ratings, loss reserves, loss mitigation, loss recovery, investment returns or other items that may affect our future results. These statements are based on management s current expectations and a

Ambac: Q1 Earnings Snapshot

Ambac: Q1 Earnings Snapshot FacebookTwitterEmail NEW YORK (AP) Ambac Financial Group Inc. (AMBC) on Monday reported first-quarter net income of $17 million, after reporting a loss in the same period a year earlier. On a per-share basis, the New York-based company said it had net income of 8 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 59 cents per share. The bond insurer posted revenue of $129 million in the period. Ambac shares have climbed 12% since the beginning of the year. The stock has climbed 3% in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMBC at https://www.zacks.com/ap/AMBC

Ambac Financial Reports Q4 Results

Ambac Financial Reports Q4 Results Adjusted earnings were $4 million or $0.08 per share for the quarter. Net premiums earned were $18 million. Copyright RTT News/dpa-AFX © 2021 AFX News 02.03. 02.03. 02.03. ► Artikel lesen Firmen im Artikel FNRD-2.621.0 Wie bewerten Sie die aktuell angezeigte Seite?sehr gut123456schlechtProblem melden Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu

Ambac Reports Fourth Quarter 2020 Results

Net Premiums Earned During the fourth quarter of 2020, net premiums earned were $18 million compared to $15 million in the third quarter of 2020, including accelerated premiums earned of $7 million in the fourth quarter of 2020 compared to $5 million in the third quarter of 2020. The increase in accelerated premiums earned were driven by the proactive termination of an international credit during the fourth quarter of 2020. Net Investment Income and Net Realized Investment Gains Net investment income for the fourth quarter of 2020 was $53 million compared to $37 million for the third quarter of 2020. Net investment income includes interest and net discount accretion on fixed maturity securities classified as available-for-sale and net gains on pooled investment funds, including changes in fair value of the funds’ net assets.

Ambac Financial (NYSE:AMBC) - Ambac Financial Group: Q4 Earnings Insights

Ambac Financial (NYSE:AMBC) - Ambac Financial Group: Q4 Earnings Insights
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