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Mar 31, 2021
Ambac Q1 2021 Earnings Report
Reported a net income attributable to common stockholders of $17 million and Adjusted Earnings of $41 million.
Key Takeaways
Ambac Financial Group reported a net income of $17 million, or $0.08 per diluted share, and adjusted earnings of $41 million, or $0.59 per diluted share, for Q1 2021. These results were positively impacted by gains from junior surplus note exchanges and the inclusion of Xchange's results.
Net income attributable to common stockholders was $17 million, or $0.08 per diluted share.
Adjusted earnings were $41 million, or $0.59 per diluted share.
Gains of $37 million were recognized from junior surplus note exchanges.
The inclusion of results from Xchange also positively impacted the results.
Forward Guidance
Ambac will host an earnings call and webcast to discuss the first quarter 2021 results and provide additional details and updates on Ambac's three pillar platform diversification strategy.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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