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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

14.20USD
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Ambac announces third quarter loss of $4.20 per share
Wednesday, 8 Nov 2017 05:31pm EST 

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 04:39pm EDT 

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 10:34am EDT 

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 04:05pm EDT 

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
Tuesday, 20 Jun 2017 07:40pm EDT 

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 04:10pm EDT 

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 09:25am EDT 

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

Ambac Financial's board authorized three corporate governance initiatives related to board, executive compensation
Thursday, 1 Dec 2016 05:16pm EST 

Ambac Financial Group Inc : Ambac Financial says effective January 1, board of directors authorized three corporate governance initiatives related to board, executive compensation . Ambac Financial says board has adopted a recoupment policy . Ambac Financial says board has authorized changes to its non-employee director compensation plan - SEC filing . Ambac Financial says board has adopted an executive stock ownership and retention policy applicable to each of its executive officers . Ambac Financial says beginning 2017 non-employee director cash retainer, stock-based compensation, in aggregate, will be reduced by 33% compared to 2016 . Ambac Financial says board also approved changes in fees paid to chairman and to chairs of its four committees .Ambac Financial says non-employee directors will receive fees for attending meetings beyond a certain number of meetings in a calendar year.  Full Article

Ambac announces third quarter 2016 results
Thursday, 3 Nov 2016 04:15pm EDT 

Ambac Financial Group Inc : Ambac Financial Group Inc - Board authorized additional $10 million warrant repurchase . Ambac Financial Group Inc - During Q3 of 2016, net premiums earned were $53.2 million, compared to $41.4 million in Q2 of 2016 . Ambac announces third quarter 2016 results . Q3 operating earnings per share $3.23 .Q3 earnings per share $2.22.  Full Article

Joseph Pirinea submits shareholder proposal to Ambac Financial to review strategic alternatives
Monday, 29 Aug 2016 09:19am EDT 

: Joseph Pirinea - On August 26, submitted to Ambac Financial Group shareholder proposal to hire investment banking firm to review strategic alternatives .Joseph Pirinea - Notified Ambac Financial of intention to introduce shareholder proposal for consideration, action by shareholders at annual meeting.  Full Article

BRIEF-Ambac announces third quarter loss of $4.20 per share

* Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​