Stay updated with breaking news from David Trick. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ambac Financial Group (NYSE:AMBC – Get Rating) had its price objective reduced by analysts at MKM Partners from $15.00 to $9.00 in a research note issued on Wednesday, The Fly reports. The brokerage currently has a “neutral” rating on the stock. MKM Partners’ price objective suggests a potential upside of 0.78% from the company’s current […]
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 rem...
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 ...
/cloudfront-us-east-1.images.arcpublishing.com/tgam/SPTA2QRSWBATNM5ZAJG5XHIZ44.JPG)
Last week Minister of Colleges and Universities Ross Romano said the government would consider legislation to establish greater oversight of university finances