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Sep 30, 2022
Ambac Q3 2022 Earnings Report
Reported net income of $340 million and adjusted earnings of $338 million.
Key Takeaways
Ambac Financial Group reported a net income of $340 million and adjusted earnings of $338 million for Q3 2022, driven by a $319 million gain from a litigation settlement. The Specialty P&C Insurance Platform saw a 76% increase in production, reaching $58 million.
$319 million gain from $1.84 billion legacy RMBS representation and warranty litigation settlement
Specialty P&C Insurance Platform production of $58 million, up 76% from third quarter of 2021
Book Value and Adjusted Book Value per Share up 29% and 34%, respectively, from the prior quarter
Net income attributable to common stockholders of $340 million or $7.41 per diluted share
Revenue by Segment
Forward Guidance
Ambac is now in a materially stronger position to further advance its strategic priorities across both its Legacy and Core P&C Businesses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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