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Ambac Financial (AMBC)
NYSE:AMBC
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.82Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -19.38%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
Ambac experienced significant growth in its P&C business and completed a transformative acquisition, but faced challenges with a substantial loss from the sale of its legacy business and softness in the A&H market. Overall, the positive growth metrics are balanced by significant financial challenges.Company Guidance
In the Ambac Financial Group's fourth quarter 2024 earnings call, the company reported significant growth and strategic advancements. The P&C business generated nearly $900 million in premiums, marking a 74% increase from 2023, and $236 million in revenue, up 89% from the previous year. Cirrata's revenue surged by 93% to $100 million, with an adjusted EBITDA of $20 million and a margin of 20%. Everspan's gross premium written rose to over $380 million, a 40% increase, with a combined ratio improvement to 101.6%. The company highlighted the transformative acquisition of Beat, the sale of its legacy financial guarantee business for $420 million, and robust market conditions supporting its growth strategies. Managed capacity for 2025 was reported at over $1.5 billion, bolstered by a diversified panel of insurers. Despite a net loss of $548 million due to the legacy business sale, Ambac remains focused on achieving its long-term goals of strong organic growth and significant adjusted EBITDA by 2028.Significant Growth in P&C Business
Ambac's P&C business generated nearly $900 million of premiums, up 74% from 2023, and produced $236 million of revenue, which was up 89% from the prior year.
Acquisition of Beat
The acquisition of Beat was a transformative deal that brought immediate scale to Ambac's distribution platform, expected to deliver strong organic growth.
Successful Sale of Legacy Financial Guarantee Business
Ambac successfully sold its legacy financial guarantee business to Oaktree for $420 million, allowing for accelerated scaling of the Specialty P&C business.
Cirrata Revenue Growth
Cirrata generated nearly $100 million in revenue for 2024, up 93%, with a 20% adjusted EBITDA margin.
Everspan's Improved Performance
Everspan's gross premium written grew by 40% to over $380 million, with a combined ratio improvement of 500 basis points over 2023.
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AMBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $11.66 | $10.40 | -10.81% |
| Nov 12, 2024 | $11.70 | $12.89 | +10.17% |
| Aug 05, 2024 | $11.67 | $10.40 | -10.88% |
| May 06, 2024 | $15.12 | $18.04 | +19.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ambac Financial (AMBC) report earnings?
Ambac Financial (AMBC) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Ambac Financial (AMBC) earnings time?
Ambac Financial (AMBC) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMBC EPS forecast?
AMBC EPS forecast for the fiscal quarter 2025 (Q1) is -0.07.
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