AMBAC Financial Group Inc.

NYSE:AMBC   3:59:59 PM EDT
10.51
+0.62 (+6.27%)
Earnings Announcements

Ambac Assurance Reports Preliminary Q1, Impact Of Recent Material Developments

Published: 03/30/2022 12:59 GMT
AMBAC Financial Group Inc. (AMBC) - Ambac Assurance Corporation Reports Preliminary First Quarter 2022 Impact of Recent Material Developments.
Ambac Financial - Execution of Deals Related to Puerto Rico Exposures Reduced Unit's Insured Principal & Interest Exposure to Puerto Rico by About 25%.
Ambac Financial Group Inc- Expected to Record a Gain in Range of $210 to $250 Million As Part of Its Q1 2022 Consolidated Financial Results.
Ambac Financial Group Inc- Estimated Reduction to Aac's R&w Subrogation Recoveries of $175 Million to $205 Million.
Revenue is expected to be $7 Million
Adjusted EPS is expected to be -$0.76

Next Quarter Revenue Guidance is expected to be $6 Million
Next Quarter EPS Guidance is expected to be -$0.75

More details on our Analysts Page.