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Jun 30
Ambac Q2 2025 Earnings Report
Ambac reported an 8% increase in total revenue from continuing operations, reaching $55 million, and a 110% increase in total P&C premium production to $346 million for the second quarter of 2025.
Key Takeaways
Ambac Financial Group, Inc. reported strong growth in its P&C business for the second quarter of 2025, with total revenue from continuing operations increasing by 8% to $55 million and total P&C premium production surging by 110% to $346 million. The company also noted that the Wisconsin OCI recommended approval for the sale of AAC, with a hearing scheduled for September 3rd, 2025.
Total revenue from continuing operations increased 8% to $55 million for the quarter.
Total P&C premium production grew by 110% to $346 million for the quarter.
Wisconsin OCI recommended approval for the sale of AAC, with a hearing date set for September 3rd, 2025.
Net loss to Shareholders for Insurance Distribution was $(8) million, while Adjusted EBITDA for the segment was $5 million, up 91%.
Ambac
Ambac
Ambac Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comInsurance Distribution Revenue
CapyFin.comCorporate & Other Revenue
CapyFin.com Forward Guidance
Ambac anticipates continued scaling of its P&C business and expects to accelerate growth and profitability following the closing of the Legacy Financial Guarantee business sale. The company is actively pursuing start-up and M&A opportunities aligned with its strategy.
Positive Outlook
- P&C business continues to scale with significant premium production growth.
- Signs of market stabilizing and turning more favorable are observed.
- Expanding pipeline of start-up and M&A opportunities aligned with strategy and business model.
- Wisconsin OCI recommended approval for the sale of Legacy Financial Guarantee business.
- Anticipated closing of the Legacy Financial Guarantee transaction will accelerate growth and profitability of P&C businesses.
Challenges Ahead
- Organic growth was negatively impacted by Employer Stop Loss.
- Total expenses from continuing operations increased by 18% due to Beat acquisition-related costs.
- Net loss from continuing operations to Ambac shareholders increased by $6 million.
- Consolidated Adjusted EBITDA margin, prior to non-controlling interests, was negative (4.6)%.
- The company's substantial indebtedness could adversely affect financial condition and operating flexibility.