| Abstrakt: |
Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the fourth quarter and year ended December 31, 2023. Net loss of $(16) million or $(0.24) per diluted share and Adjusted net income of $10 million or $0.32 per diluted share in the fourth quarter of 2023 Legacy Financial Guarantee segment generated net loss of $(12) million in fourth quarter of 2023 Specialty P&C Insurance ("Everspan") produced its second consecutive quarterly pre-tax profit and wrote gross premium of $91 million, up 76% from the fourth quarter of 2022 Insurance Distribution ("Cirrata") premiums placed of $50 million, up 31% from the fourth quarter of 2022 Book Value per share of $30.13 was up 8% and Adjusted Book Value per share of $28.74 was up 3% from September 30, 2023 [ABSTRACT FROM PUBLISHER] |
