Ambac Financial Group Full Year 2024 Earnings: US$1.26 loss per share (vs US$0.20 profit in FY 2023)

Ambac Financial Group (NYSE:AMBC) Full Year 2024 Results

Key Financial Results

• Revenue: US$235.8m (down 12% from FY 2023).
• Net loss: US$59.3m (down from US$9.00m profit in FY 2023).
• US$1.26 loss per share (down from US$0.20 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Specialty Property & Casualty Insurance segment contributing a total revenue of US$126.3m (54% of total revenue). Notably, cost of sales worth US$137.2m amounted to 58% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$129.2m (82% of total expenses). Explore how AMBC's revenue and expenses shape its earnings.

Ambac Financial Group shares are down 16% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Ambac Financial Group has 1 warning sign we think you should be aware of.

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