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Items Tagged with 'Ambac Assurance'

ARTICLES

Ambac’s 3Q income plummets 64%

Falls from $231M in 2013 to $82.5M in 2014
While the company’s net income was down 64% year-over-year, Ambac’s third quarter performance was up dramatically over its second quarter results, in which the company posted a net loss of $207.9 million.
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Ambac Financial posts $155.9M 1Q net income

Loss mitigation strategies working, CEO says
Ambac Financial Group reported net income in the first quarter 2014 was $155.9 million, or $3.31 per diluted share, compared with $282.3 million, or $0.93 per diluted share, in the first quarter 2013.
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Ambac earnings drop to $68.6 million

Market challenges disrupt earnings
Ambac Financial Group’s net income fell in the fourth quarter 2013 to $68.6 million, or $1.49 per share, from $143.6 million, or 47 cents per share, in 2012, as earnings were impacted by current market challenges.
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