Loading...
•
Mar 31, 2020
Ambac Q1 2020 Earnings Report
Reported a net loss attributable to common stockholders and an adjusted loss for the quarter ended March 31, 2020.
Key Takeaways
Ambac Financial Group reported a net loss of $280 million or $6.07 per diluted share and an adjusted loss of $265 million or $5.75 per diluted share for Q1 2020. The COVID-19 pandemic significantly impacted the financial results, with lower interest rates and higher market risk premiums being primary drivers.
Net loss attributable to common stockholders was $280 million, or $6.07 per diluted share.
Adjusted loss was $265 million, or $5.75 per diluted share.
Net premiums earned were $10 million.
Net investment loss was $21 million.
Forward Guidance
The depth and duration of this pandemic is unknown and Ambac has exposure to certain sectors that have been, and will continue to be, adversely impacted by the economic dislocation caused by COVID-19. Ambac is actively assessing both macro and idiosyncratic developments related to their insured portfolio and working to mitigate the overall financial impact on both their insured and investment portfolios.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...