Stock AMBC AMBAC FINANCIAL GROUP, INC.
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Company Ambac Financial Group, Inc.

Equities

AMBC

US0231398845

Property & Casualty Insurance

Market Closed - Nyse
Other stock markets
 21:00:02 26/04/2024 BST 		5-day change 1st Jan Change
14.59 USD +1.46% Intraday chart for Ambac Financial Group, Inc. +1.32% -11.47%
02-28 Transcript : Ambac Financial Group, Inc., Q4 2023 Earnings Call, Feb 28, 2024
02-27 Earnings Flash (AMBC) AMBAC FINANCIAL GROUP Reports Q4 Revenue $75.5M, vs. Street Est of $67M MT

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.

Number of employees: 178

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
Claude LeBlanc CEO
 Chief Executive Officer 58 31/12/16
David Trick DFI
 Director of Finance/CFO 52 30/09/05
Dan McGinnis COO
 Chief Operating Officer 52 30/11/21
Michael Reilly ADM
 Chief Administrative Officer 67 31/12/08
Charles Joseph Sebaski IRC
 Investor Relations Contact - 27/03/22
R. Smith PRN
 Corporate Officer/Principal 53 16/05/17
William J. White SEC
 Corporate Secretary - 31/12/12
Stephen Ksenak LAW
 General Counsel 58 31/12/01
Robert Eisman AUD
 Comptroller/Controller/Auditor 56 31/12/94
David Barranco PRN
 Corporate Officer/Principal 54 -

Members of the board

Members of the board TitleAgeSince
Lisa Iglesias BRD
 Director/Board Member 58 03/08/21
Joan Lamm-Tennant BRD
 Director/Board Member 71 31/12/17
Claude LeBlanc CEO
 Chief Executive Officer 58 31/12/16
Jeffrey Stein CHM
 Chairman 55 30/04/13
Ian Haft BRD
 Director/Board Member 53 27/03/16
Kristi Matus BRD
 Director/Board Member 55 21/06/23
Michael Price BRD
 Director/Board Member 57 21/06/23

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 46,659,144 44,035,822 ( 94.38 %) 1,463,774 ( 3.137 %) 94.38 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.40 %
6,961,526 15.40 % 109 M $
Vanguard Fiduciary Trust Co.
10.70 %
4,835,365 10.70 % 76 M $
Theodore King
6.676 %
3,017,400 6.676 % 47 M $
Dimensional Fund Advisors LP
5.761 %
2,603,679 5.761 % 41 M $
Fidelity Management & Research Co. LLC
4.592 %
2,075,509 4.592 % 32 M $
STATE STREET CORPORATION
3.598 %
1,626,127 3.598 % 25 M $
Invesco Advisers, Inc.
2.285 %
1,032,814 2.285 % 16 M $
Geode Capital Management LLC
2.094 %
946,179 2.094 % 15 M $
Boussard & Gavaudan Investment Management LLP
1.889 %
853,531 1.889 % 13 M $
Bracebridge Capital LLC
1.768 %
799,234 1.768 % 12 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 Financial Group, Inc.(AMBC)

Group companies

NameCategory and Sector
Ambac Assurance Corp.
Logo Ambac Assurance Corp.

Ambac Assurance Corp.

Insurance Brokers/ServicesFinance

Ambac Assurance Corp. engages in the provision of public and structured finance obligations. It offers insurance services including underwriting, legal, financial services, and risk management. The company is headquartered in New York, NY.

Insurance Brokers/Services
Ambac Assurance UK Ltd.
Logo Ambac Assurance UK Ltd.

Ambac Assurance UK Ltd.

Property/Casualty InsuranceFinance

Founded in 1996, Ambac Assurance UK Ltd. is a subsidiary of Ambac Financial Group, Inc. that provides fire, marine, and casualty insurance. The private company is based in London, UK.

Property/Casualty Insurance
Juneau Investments LLC
Finance/Rental/Leasing
Ambac Credit Products LLC
Logo Ambac Credit Products LLC

Ambac Credit Products LLC

Specialty InsuranceFinance

Part of Ambac Financial Group, Inc., Ambac Credit Products LLC is an American company. The private company is located in the US.

Specialty Insurance
Ambac Financial Services LLC
Logo Ambac Financial Services LLC

Ambac Financial Services LLC

Finance/Rental/LeasingFinance

Part of Ambac Financial Group, Inc., Ambac Financial Services LLC is an American company. The private company is located in the US.

Finance/Rental/Leasing

Sector

Financials
Insurance
Insurance
Property & Casualty Insurance
Other Property & Casualty Insurance

Sales per Business

Sales per region

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
14.59 USD
Average target price
17 USD
Spread / Average Target
+16.52%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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