Loading...
•
Jun 30, 2021
Ambac Q2 2021 Earnings Report
Reported a net loss attributable to common stockholders and progress towards derisking goals.
Key Takeaways
Ambac Financial Group reported a net loss attributable to common stockholders of $29 million, or $0.63 per diluted share, and an adjusted loss of $13 million, or $0.30 per diluted share, for the quarter ended June 30, 2021. The company also made significant progress towards its derisking goals, reducing adversely classified and watch list credits by $1.0 billion, or 8.2%.
Net loss attributable to common stockholders was $29 million, or $0.63 per diluted share.
Adjusted loss was $13 million, or $0.30 per diluted share.
Book value per share decreased $0.01 to $23.01.
Adversely classified and watch list credits decreased by $1.0 billion, or 8.2%.
Ambac
Ambac
Forward Guidance
No specific forward guidance was provided in the release.