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Sep 30, 2021
Ambac Q3 2021 Earnings Report
Reported net income attributable to common stockholders and adjusted income for the quarter ended September 30, 2021.
Key Takeaways
Ambac Financial Group reported a net income attributable to common stockholders of $17 million, or $0.35 per diluted share, and an adjusted income of $25 million, or $0.53 per diluted share, for the third quarter of 2021. The results were driven by an increased benefit from loss and loss expenses, interest rate derivative gains, and a lower provision for income taxes, partially offset by lower net investment income.
Net income attributable to common stockholders was $17 million, or $0.35 per diluted share.
Adjusted income was $25 million, or $0.53 per diluted share.
Book value per share decreased $0.10 to $22.91.
Adjusted book value per share decreased $0.20 to $19.05.
Ambac
Ambac
Forward Guidance
No specific forward guidance was provided in the earnings report.