Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and interest rate derivative transactions. The company was incorporated in 1991 and is headquartered in New York, New York.
IPO Year:
Exchange: NYSE
Website: ambac.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2025 | $10.00 | Buy | Truist |
| 9/18/2024 | $13.00 → $15.00 | Neutral → Buy | ROTH MKM |
| 8/9/2023 | $18.00 | Neutral → Buy | Compass Point |
| 11/28/2022 | $18.00 | Neutral | Compass Point |
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4 - OCTAVE SPECIALTY GROUP INC (0000874501) (Issuer)
4/A - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4/A - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4/A - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4/A - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
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SCHEDULE 13G/A - AMBAC FINANCIAL GROUP INC (0000874501) (Subject)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
8-K - AMBAC FINANCIAL GROUP INC (0000874501) (Filer)
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Truist initiated coverage of Ambac with a rating of Buy and set a new price target of $10.00
ROTH MKM upgraded Ambac from Neutral to Buy and set a new price target of $15.00 from $13.00 previously
Compass Point upgraded Ambac from Neutral to Buy and set a new price target of $18.00
Compass Point initiated coverage of Ambac with a rating of Neutral and set a new price target of $18.00
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - OCTAVE SPECIALTY GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
4 - AMBAC FINANCIAL GROUP INC (0000874501) (Issuer)
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Cirrata Group and Beat Capital Partners Unite Under the Octave Brand as Octave Partners and Octave Ventures, Respectively Ambac Financial Group, Inc. (NYSE:AMBC) today announces it has rebranded to Octave Specialty Group, Inc. ("Octave"), marking the next phase of its transformation into a leading specialty insurance platform. The company will begin trading under its new ticker symbol "NYSE: OSG" on November 20, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251110345754/en/Claude LeBlanc, President and CEO, Octave Specialty Group, Inc. The rebrand follows the successful sale of the company's legacy financial guarantee b
Total P&C premium production increased 32% for the quarter to $343 million Insurance Distribution Segment Total revenue grew to $43 million for the quarter, an increase of 80% Organic revenue growth equaled 40.0% Net loss to Shareholders of $(5) million for the quarter Adjusted EBITDA of $10 million for the quarter, up 272% Adjusted EBITDA to Shareholders of $6 million for the quarter, up 183% Specialty P&C Insurance ("Everspan") Gross and net premiums written of $97 million and $18 million were down 16% and 46%, respectively Net loss to Shareholders was $0.1 million AFG completed the repurchase of 3.1 million shares during October at an average price of $
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), an insurance holding company, today announced that Karen Beyer has joined the firm as Managing Director, Head of Investor Relations. She will be based in New York and report to David Trick, Executive Vice President, Treasurer and Chief Financial Officer. Beyer joins from Chubb, where she was Senior Vice President, Director of Investor Relations. She brings more than 20 years of investment industry experience, working in analytical roles on both the buy and sell sides of asset management. Prior to Chubb, she held portfolio management and senior analyst roles at State Street Global Advisors, GE Asset Management, and New York Life Investment
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), an insurance holding company, today announced it has completed its previously disclosed acquisition of ArmadaCare, a leading supplemental health insurance program manager, from SiriusPoint Ltd. ArmadaCare will continue to be led by its existing management team, including Chief Executive Officer Ed Walker. It will retain its brand and operate as a wholly owned subsidiary of Ambac. "We are thrilled to welcome the ArmadaCare team," Ambac President and Chief Executive Officer Claude LeBlanc said. "ArmadaCare strengthens our financial profile, diversifies our distribution platform, and offers complementary capabilities to our existing accide
Conference Call Scheduled for November 11, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release third quarter 2025 results on November 10, 2025, following the close of the market. Conference Call On November 11, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss third quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 or (201
Beat Capital Partners ("Beat"), a London-based incubator of underwriting franchises and a subsidiary of Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), has partnered with former Crum & Forster executive Blair Bartlett to launch U.S.-based 1889 Specialty Insurance Services ("1889 Specialty"). 1889 Specialty offers management liability and professional lines insurance coverage to small and medium size (SME) financial institutions, asset managers, insurance companies, and insurance agents and brokers. Products are written on an excess and surplus (E&S) basis and distributed primarily through wholesale channels. Backed by A+ rated capacity, 1889 Specialty writes on behalf of a consortium l
Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a
Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management, L.P. ("Oaktree") for $420 million in cash. This follows the Wisconsin Office of the Commissioner of Insurance (OCI) issuing its final decision to approve the Form A application for the sale of Ambac Assurance Corporation earlier today. "Today's announcement represents the completion of our strategic transformation into a pure-play MGA and specialty insurance platform," said Ambac President and Chief Executive Office
Pivix Specialty Insurance Services Inc. ("Pivix"), an excess and surplus lines focused managing general agent distributing exclusively through wholesale brokers, has launched a new casualty program with support from Everspan Group, a specialty property and casualty insurance platform rated A- ("Excellent") by AM Best. Both companies are part of Ambac Financial Group (NYSE:AMBC). The new program, which will be written on an E&S basis, provides primary general liability coverage for targeted classes of business, including contractors, real estate, hospitality, and manufacturing accounts. It is the first product from Pivix's recently formed brokerage division. "In light of the rapidly grow
Total revenue from continuing operations increased 8% for the quarter to $55 million Total P&C premium production increased 110% for the quarter to $346 million Wisconsin OCI recommends approval for the sale of AAC and sets hearing date for September 3rd, 2025 Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Second Quarter 2025. Second Quarter 2025 vs. Second Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $33 million for the quarter, an increase of 148% Net loss to Shareholders of $(8) million for the quarter Adjusted EBITDA of $5 million for the quart
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Total P&C premium production increased 32% for the quarter to $343 million Insurance Distribution Segment Total revenue grew to $43 million for the quarter, an increase of 80% Organic revenue growth equaled 40.0% Net loss to Shareholders of $(5) million for the quarter Adjusted EBITDA of $10 million for the quarter, up 272% Adjusted EBITDA to Shareholders of $6 million for the quarter, up 183% Specialty P&C Insurance ("Everspan") Gross and net premiums written of $97 million and $18 million were down 16% and 46%, respectively Net loss to Shareholders was $0.1 million AFG completed the repurchase of 3.1 million shares during October at an average price of $
Conference Call Scheduled for November 11, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release third quarter 2025 results on November 10, 2025, following the close of the market. Conference Call On November 11, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss third quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 or (201
Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a
Total revenue from continuing operations increased 8% for the quarter to $55 million Total P&C premium production increased 110% for the quarter to $346 million Wisconsin OCI recommends approval for the sale of AAC and sets hearing date for September 3rd, 2025 Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Second Quarter 2025. Second Quarter 2025 vs. Second Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $33 million for the quarter, an increase of 148% Net loss to Shareholders of $(8) million for the quarter Adjusted EBITDA of $5 million for the quart
Conference Call Scheduled for August 8, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release second quarter 2025 results on August 7, 2025, following the close of the market. Conference Call On August 8, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss second quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) o
Total revenue from continuing P&C operations increased 27% for the quarter to $63 million Total P&C premium production increased 70% for the quarter to $318 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the First Quarter 2025. First Quarter 2025 vs. First Quarter 2024 Segment Highlights Insurance Distribution ("Cirrata") Total revenue grew to $41 million for the quarter, an increase of 129% Net loss to Shareholders of $(2) million for the quarter, down 145%, with a (4.3)% margin vs. 21.2% Adjusted EBITDA of $12 million for the quarter, up 136%, with a 29.5% margin vs. 28.7% Adjusted EBITDA to
Conference Call Scheduled for May 13, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, today announced that it will release first quarter 2025 results on May 12, 2025, following the close of the market. Conference Call On May 13, 2025, at 8:30 a.m. (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss first quarter 2025 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493
Total revenue from continuing operations increased 89% for the year to $236 million Total Specialty P&C Insurance premium increased 74% for the year to $876 million Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), an insurance holding company, today reported its results for the Fourth Quarter 2024. Fourth Quarter 2024 and Full Year Highlights Strategic Business Transition: Ambac advanced its strategic transformation by entering the final stages of the sale of its Legacy Financial Guarantee business, a pivotal move positioning the company for long-term growth. This resulted in a loss on disposal of $(570) million in the quarter, resulting from our adoption of the
Conference Call Scheduled for February 27, 2025 Ambac Financial Group, Inc. (NYSE:AMBC), an insurance holding company, will release fourth quarter 2024 results on February 26, 2025, following the close of the market. Conference Call On February 27, 2025, at 8:30am (ET), Claude LeBlanc, President and Chief Executive Officer, and David Trick, Executive Vice President and Chief Financial Officer, will discuss fourth quarter 2024 results during a live conference call. A live audio webcast of the call will be available through the Investor Relations section of Ambac's website, www.ambac.com. Participants may also listen via telephone by dialing (877) 407-9716 (Domestic) or (201) 493-6779 (
Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net loss of $(28) million or $(0.63) per diluted share and Adjusted net loss of $(19) million or $(0.46) per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium Production of $260 million, increased 86% from the third quarter of 2023 Insurance Distribution ("Cirrata") generated total revenue of $24 million up 64.0% over last year Specialty P&C Insurance ("Everspan") combined ratio improved by 600
Live Leadership Updates
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), an insurance holding company, today announced that Karen Beyer has joined the firm as Managing Director, Head of Investor Relations. She will be based in New York and report to David Trick, Executive Vice President, Treasurer and Chief Financial Officer. Beyer joins from Chubb, where she was Senior Vice President, Director of Investor Relations. She brings more than 20 years of investment industry experience, working in analytical roles on both the buy and sell sides of asset management. Prior to Chubb, she held portfolio management and senior analyst roles at State Street Global Advisors, GE Asset Management, and New York Life Investment
NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Ambac Financial Group, Inc. ("Ambac") (NYSE:AMBC), a financial services holding company, announced the appointment of Kristi A. Matus and Michael D. Price as members of its Board of Directors, effective today. Ms. Matus will be a member of the Board's Audit and Compensation committees, while Mr. Price will be a member of the Audit and Strategy committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230622048794/en/Kristi A. Matus has joined the Board of Directors of Ambac Financial Group (Photo: Business Wire) "We are pleased to welcome Kristi Matus and Michael Price to Ambac's Board of Directors," said Jeffrey S. Stein, Chair
Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC) ("Ambac"), a financial services holding company, today announced the appointment of Naveen Anand as President of Cirrata Group, Ambac's insurance distribution division. Anand, the former Group President of Players Health, will be responsible for expanding Cirrata Group and building its profile in the specialty property and casualty insurance market. This is a newly created position reporting to Claude LeBlanc, President and CEO of Ambac. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005342/en/Ambac has
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE:AMBC), today announced the appointment of Christopher LaDelfa as Senior Vice President and head of its Captive Solutions unit, a newly-created division that will utilize Xchange's wholly owned protected cell company, Distribution Re. LaDelfa will be based in New Jersey. Launched in January, Distribution Re insures accident & health risks mainly in the form of high deductible medical stop loss plans. The captive is domiciled in Tennessee. "I am so pleased that Chris with his nearly 20 years of stop loss industry experience, integrity and reputation has agreed to join the Xchange team," said Pete
Newly created position established to expand Ambac's insurance distribution division Ambac Financial Group (NYSE:AMBC), a financial services holding company, today announced the appointment of John Tatum as a Managing Director and Business Development Officer for its insurance distribution division, Cirrata Group. In this position, he will be responsible for expanding the company's platform of managing general agencies (MGAs) and managing general underwriters (MGUs). He also will launch Cirrata's second de novo MGA, which will focus on the construction industry. Tatum will report to R. Sharon Smith, Chief of Staff. This press release features multimedia. View the full release here: https:/
Everspan Group ("Everspan"), a specialty property and casualty insurance platform rated A- (Excellent) by AM Best, today announced the appointment of Darwin Lucas as Chief Underwriting and Reinsurance Officer. He will report directly to Steve Dresner, President of Everspan, and will oversee the company's program business and reinsurance relationships. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230105005301/en/Darwin Lucas (pictured) has been named Chief Underwriting and Reinsurance Officer for Everspan Group. (Photo: Business Wire) "We are thrilled to welcome Darwin to the Everspan team," Dresner said. "His technical expertis
Steven K. Dresner to Succeed Blackburn as President Everspan Group ("Everspan"), a specialty property and casualty insurance platform owned by Ambac Financial Group (NYSE:AMBC) ("Ambac"), today announced that Steven K. Dresner has been appointed President of Everspan, succeeding Wyatt Blackburn, who has retired. Blackburn will assume the role of Vice Chairman of Everspan Holdings and become a member of the Everspan Holdings Board of Directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221129005264/en/Steven K. Dresner (pictured) has been appointed president of Everspan. Dresner replaces Wyatt Blackburn, who has retired. (Ph
Charles J. Sebaski Joins Ambac as Managing Director, Head of Investor Relations Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac" or "AFG"), a financial services holding company, today announced that Charles J. Sebaski has joined the firm as Managing Director, Head of Investor Relations, succeeding Lisa A. Kampf. "Charles brings vast industry experience across the investment community value chain, and we're pleased to welcome him to Ambac as we continue building and growing our diversified specialty P&C platform," said David Trick, Ambac's Chief Financial Officer. "His expertise will help our team continue to capture momentum as we execute our go-forward strategic roadmap. I want to thank
Ambac Financial Group, Inc. (the "Company") (NYSE:AMBC), a financial services holding company, announced the appointment of Lisa G. Iglesias as a member of its Board of Directors, effective today. Ms. Iglesias will be a member of the Board's Audit Committee. The Company also announced that Alexander D. Greene resigned from his position on the Board to pursue other opportunities. "We are pleased to welcome Lisa Iglesias to Ambac's Board of Directors. Lisa brings invaluable insurance and other business experience to our Board and will be a tremendous asset to Ambac as we execute on our strategic priorities to enhance long-term shareholder value," said Jeffrey S. Stein, Chairman of the Board.