Inactive Instrument

Company AMBAC FIN Nyse

Equities

ABKFQ

US0231391089

Property & Casualty Insurance

End-of-day quote Nyse
- USD - Intraday chart for AMBAC FIN

Business Summary

Ambac Financial Group, Inc. is a financial services holding company. It operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.

Sales per Business

USD in Million2022Weight2023Weight Delta
Legacy Financial Guarantee Insurance
53.5 %
451 89.5 % 144 53.5 % -68.07%
Specialty Property and Casualty Insurance
23.8 %
18 3.6 % 64 23.8 % +255.56%
Insurance Distribution
19.3 %
31 6.2 % 52 19.3 % +67.74%
Corporate and Other
3.3 %
4 0.8 % 9 3.3 % +125.00%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
83.3 %
41 71.9 % 65 83.3 % +58.54%
United Kingdom
14.1 %
13 22.8 % 11 14.1 % -15.38%
Other International
2.6 %
3 5.3 % 2 2.6 % -33.33%

Managers

Managers TitleAgeSince
Chief Executive Officer 58 31/12/16
Director of Finance/CFO 52 30/09/05
Chief Operating Officer 52 30/11/21
Chief Administrative Officer 67 31/12/08
Investor Relations Contact - 27/03/22
Corporate Officer/Principal 53 16/05/17
Corporate Secretary - 31/12/12
General Counsel 58 31/12/01
Comptroller/Controller/Auditor 56 31/12/94
Corporate Officer/Principal 54 31/01/12

Members of the board

Members of the board TitleAgeSince
Director/Board Member 58 03/08/21
Director/Board Member 71 31/12/17
Chief Executive Officer 58 31/12/16
Chairman 54 30/04/13
Director/Board Member 53 27/03/16
Director/Board Member 56 21/06/23
Director/Board Member 57 21/06/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 46,659,144 43,028,930 ( 92.22 %) 1,434,172 ( 3.074 %) 92.22 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.12 %
6,836,522 15.12 % 88 M $
Vanguard Fiduciary Trust Co.
10.69 %
4,833,468 10.69 % 62 M $
3,017,400 6.672 % 39 M $
DFA Australia Ltd.
6.142 %
2,777,673 6.142 % 36 M $
Fidelity Management & Research Co. LLC
4.534 %
2,050,417 4.534 % 26 M $
1,646,835 3.641 % 21 M $
Invesco Advisers, Inc.
2.416 %
1,092,507 2.416 % 14 M $
Repertoire Partners LP
2.222 %
1,004,702 2.222 % 13 M $
Geode Capital Management LLC
2.139 %
967,145 2.139 % 12 M $
Bracebridge Capital LLC
1.767 %
799,234 1.767 % 10 M $

Company contact information

Ambac Financial Group, Inc.

One World Trade Center 41st floor

10007, New York

+212 658 7470

http://www.ambac.com
address AMBAC FIN(ABKFQ)

Group companies

NameCategory and Sector
Property/Casualty Insurance
Juneau Investments LLC
Finance/Rental/Leasing
Insurance Brokers/Services
Specialty Insurance
Finance/Rental/Leasing