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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ambac Financial Group Reports Q3 Adjusted Loss Per Share $1.66
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED LOSS PER SHARE $1.66.Q3 LOSS PER SHARE $0.48.Q3 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS I/B/E/S.QTRLY NET PREMIUMS EARNED $25.6 MILLION VERSUS $25.8 MILLION IN Q2.  Full Article

Ambac Financial Q4 Loss Per Share $0.43
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.12.Q4 LOSS PER SHARE $0.43.‍DURING Q4 OF 2017, NET PREMIUMS EARNED WERE $31.5 MILLION, COMPARED TO $53.0 MILLION IN Q3 OF 2017​.‍NET INVESTMENT INCOME FOR Q4 OF 2017 AND Q3 OF 2017 WAS $107.1 MILLION AND $87.2 MILLION, RESPECTIVELY​.  Full Article

Ambac Financial Announces Purchase Of COFINA Bonds And Withdrawal Of COFINA Bondholder Objection ​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ambac Financial Group Inc ::AMBAC FINANCIAL GROUP - ‍AMBAC ASSURANCE CORPORATION ENTERED DEAL WITH BONDHOLDERS TO PURCHASE CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS​.AMBAC FINANCIAL SAYS IN RELATION TO PURCHASE, COFINA BONDHOLDERS HAVE WITHDRAWN THEIR OBJECTION TO REHABILITATOR'S SEPT 25 MOTION.AMBAC FINANCIAL - AAC NOW OWNS 58% OF ITS INSURED COFINA BONDS WITH PURCHASE OF CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS.  Full Article

Ambac announces third quarter loss of $4.20 per share
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Ambac Financial Group Inc :Ambac announces third quarter 2017 results.Q3 adjusted loss per share $3.30.Q3 loss per share $4.20.Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​.Board completed a comprehensive review of ambac's corporate strategy​.To ‍evaluate future new business initiatives in certain business sectors, adjacent to co's core business​.To conduct ‍ongoing review of organizational cost effectiveness and efficiency of operating platform​.  Full Article

Ambac Financial Group says ‍revised initial dates of pre-trial hearing
Wednesday, 13 Sep 2017 

Sept 13 (Reuters) - Ambac Financial Group Inc :Ambac Financial Group Inc - ‍revised initial dates of pre-trial hearing on segregated account's rehabilitation plan amendment to December 14​.Ambac Financial Group Inc says ‍confirmation of pre-trial hearing to January 4, 2018 through January 5, 2018​.Ambac Financial Group Inc - ‍pre-trial hearing and confirmation hearing are related to holistic restructuring transaction​.  Full Article

Ambac wins dismissal of shareholder lawsuit over Puerto Rico bond exposure
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - u.s. Judge dismisses lawsuit by ambac shareholders accusing company of concealing losses related to puerto rico bond exposure--ruling:.  Full Article

Ambac financial group Q2 earnings per share $0.16
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - Ambac Financial Group Inc :Ambac announces second quarter 2017 results.Q2 adjusted earnings per share $1.54.Q2 earnings per share $0.16.Qtrly net premiums earned were $43.2 million, compared to $47.6 million in Q1 of 2017.Says net investment income for Q2 of 2017 and Q1 of 2017 was $85.2 million and $81.6 million, respectively.Q2 earnings per share view $0.92 -- Thomson Reuters I/B/E/S.  Full Article

Ambac Financial Group says AAC, creditors reach understanding on potential transaction
Wednesday, 21 Jun 2017 

June 20 (Reuters) - Ambac Financial Group Inc -:Ambac Financial Group Inc says AAC and a group of creditors have reached a non-binding understanding on key terms of a potential transaction.  Full Article

Ambac announces Q1 loss per share $2.77
Wednesday, 10 May 2017 

May 10 (Reuters) - Ambac Financial Group Inc :Ambac announces first quarter 2017 results.Q1 adjusted loss per share $2.01.Q1 loss per share $2.77.Ambac Financial Group Inc- Book value per share decreased $2.02 to $35.92 at March 31, 2017.Ambac Financial Group Inc - Qtrly net premiums earned $ 47.6 million versus $ 49.9 million in Q4.Ambac Financial Group Inc says "our results this quarter were heavily influenced by an increase in reserves related to Puerto Rico".Ambac - Q1 net loss of $125.4 million and adjusted loss of $91.2 million primarily as a result of adverse reserve development for Puerto Rico.Says co is "aggressively pursuing loss mitigation strategies in Puerto Rico".Says "actively monitoring situation in Puerto Rico and taking appropriate measures".  Full Article

Ambac announces disapproval of interest payments of surplus notes
Tuesday, 25 Apr 2017 

April 25 (Reuters) - Ambac Financial Group Inc ::Ambac announces disapproval of interest payments of surplus notes.Ambac Financial- Wisconsin commissioner of insurance has disapproved AAC's request to pay accrued unpaid interest on senior surplus notes issued by AAC.Ambac Financial-commissioner disapproved AAC's request to pay accrued unpaid interest on senior surplus notes on next scheduled interest payment date.  Full Article

UPDATE 1-Puerto Rico bond prices surge as restructuring deals struck

CHICAGO, Aug 9 Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board.