Latest news with #Ambac
Washington Post
12-05-2025
- Business
- Washington Post
Ambac: Q1 Earnings Snapshot
NEW YORK — NEW YORK — Ambac Financial Group Inc. (AMBC) on Monday reported a first-quarter loss of $46.4 million, after reporting a profit in the same period a year earlier. The New York-based company said it had a loss of $1.22 per share. Losses, adjusted for one-time gains and costs, came to 13 cents per share.
Yahoo
07-04-2025
- Business
- Yahoo
Ambac Financial Group, Inc. Provides Update on the Sale of Its Legacy Financial Guarantee Business
NEW YORK, April 07, 2025--(BUSINESS WIRE)--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 Executive Officer Claude LeBlanc said. "Ambac is prepared to close the sale as soon as possible upon receipt of the final outstanding regulatory approval." About Ambac Ambac Financial Group, Inc. ("Ambac") is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac's common stock trades on the New York Stock Exchange under the symbol "AMBC". Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical, and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. Forward-Looking Statements In this press release, statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "estimate," "project," "plan," "believe," "anticipate," "intend," "planned," "potential" and similar expressions, or future or conditional verbs such as "will," "should," "would," "could," and "may," or the negative of those expressions or verbs, identify forward-looking statements. We caution readers that these statements are not guarantees of future performance. Forward-looking statements are not historical facts but instead represent only our beliefs regarding future events, which may by their nature be inherently uncertain and some of which may be outside our control. These statements may relate to plans and objectives with respect to the future, among other things which may change. We are alerting you to the possibility that our actual results may differ, possibly materially, from the expected objectives or anticipated results that may be suggested, expressed or implied by these forward-looking statements. Important factors that could cause our results to differ, possibly materially, from those indicated in the forward-looking statements include, among others, those discussed under "Risk Factors" in our most recent SEC filed quarterly or annual report. View source version on Contacts Investors:Charles J. SebaskiManaging Director, Investor Relations(212) 208-3177csebaski@ Media:AmbacKate SmithDirector, Corporate Communications(212) 208-3452ksmith@
Yahoo
25-03-2025
- Business
- Yahoo
Ambac Announces Meeting and Record Date for 2025 Annual Meeting of Stockholders
NEW YORK, March 25, 2025--(BUSINESS WIRE)--Ambac Financial Group, Inc. (NYSE: AMBC), an insurance holding company, today announced that Ambac's 2025 Annual Meeting of Stockholders will be held on Wednesday, May 28, 2025 at 11 a.m. (ET). The meeting will be held in a virtual format. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 3, 2025. Further information regarding the Annual Meeting will be set forth in the proxy statement and other proxy materials for the Annual Meeting. About Ambac Ambac Financial Group, Inc. ("Ambac" or "AFG") is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac also has a legacy financial guaranty business in run off. Ambac's common stock trades on the New York Stock Exchange under the symbol "AMBC". Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. Source: Ambac Financial Group, Inc. View source version on Contacts Investors:Charles SebaskiManaging Director, Investor Relationscsebaski@ Media:Kate SmithDirector, Corporate Communicationsksmith@ Sign in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Ambac to Release Fourth Quarter 2024 Results on February 26, 2025
Conference Call Scheduled for February 27, 2025 NEW YORK, February 12, 2025--(BUSINESS WIRE)--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, Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (International). The webcast will be archived on Ambac's website. A replay of the call will be available through March 13, 2025, and can be accessed by dialing (844) 512-2921 (Domestic) or (412) 317-6671 (International), using ID# 13751202. About Ambac Ambac Financial Group, Inc. ("Ambac" or "AFG") is an insurance holding company headquartered in New York City. Ambac's core business is a growing specialty P&C distribution and underwriting platform. Ambac also has a legacy financial guaranty business in run off. Ambac's common stock trades on the New York Stock Exchange under the symbol "AMBC". Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information. For more information, please go to The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. View source version on Contacts Investors:Charles J. SebaskiManaging Director, Investor Relations(212) 208-3177csebaski@ Media:Kate SmithDirector, Corporate Communications(212) 208-3452ksmith@ Sign in to access your portfolio
