Company Quick10K Filing
Ambac
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 46 $763
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-11 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-11 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-22 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-16 Annual: 2010-12-31
10-Q 2010-11-15 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-04-09 Annual: 2009-12-31
8-K 2019-11-07 Earnings, Exhibits
8-K 2019-08-08 Earnings, Exhibits
8-K 2019-06-03 Shareholder Vote
8-K 2019-05-09 Earnings, Exhibits
8-K 2019-02-28 Earnings, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-10-11 Other Events
8-K 2018-08-30 Regulation FD, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-08-03 Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Regulation FD, Exhibits
8-K 2018-07-16 Regulation FD
8-K 2018-07-03 Regulation FD, Exhibits
8-K 2018-06-22 Enter Agreement, Regulation FD, Exhibits
8-K 2018-05-18 Shareholder Vote
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-02-28 Earnings, Exhibits
8-K 2018-02-12 Enter Agreement, Off-BS Arrangement, Regulation FD, Exhibits
8-K 2018-02-02 Earnings, Regulation FD, Exhibits
8-K 2018-01-11 Regulation FD, Exhibits

Ambac Financials

AMBC Metrics, Comps, Filings

Annual | Quarterly

Business

Ambac Financial Group, Inc. ("Ambac," "AFG" or the "Company"), headquartered in New York City, is a financial services holding company incorporated in the State of Delaware on April 29, 1991. On May 1, 2013, Ambac emerged from Chapter 11 bankruptcy protection when the Second Modified Fifth Amended Plan of Reorganization became effective. Upon emergence Ambac had no outstanding debt at the holding company and significant net operating loss carry-forwards, of which $3.5 billion remain at December 31, 2018.

Management reviews financial information, allocates resources and measures financial performance on a consolidated basis. As a result, the Company has a single reportable segment.

Ambac's provides financial guarantee policies through its principal operating subsidiary, Ambac Assurance Corporation ("Ambac Assurance" or "AAC") and its wholly owned subsidiary Ambac Assurance UK Limited ("Ambac UK"), both of which have been in runoff since 2008. Ambac has another wholly-owned subsidiary, Everspan Financial Guarantee Corp. ("Everspan"), which has been in runoff since its acquisition in 1997. Insurance policies issued provide an unconditional and irrevocable guarantee which protects the holder of a debt obligation against non-payment when due of the principal and interest on the obligations guaranteed. Pursuant to such guarantees, Ambac Assurance and its subsidiaries make payments if the obligor responsible for making payments fails to do so when scheduled. Revenues from financial guarantees consist of: (i) premiums earned from insurance contracts, net of reinsurance, whether received upfront or on an installment basis and (ii) amendment and consent fees. Expenses from financial guarantees consist of: (i) loss and commutation payments; (ii) loss-related expenses, including those relating to the remediation of problem credits; and (iii) insurance intangible amortization.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Employers Holdings (EIG) 1,362 0% 6.0 4% 3,954 2,833 833 0 166 208 1,256
United Fire Group (UFCS) 1,267 0% 21.8 1% 3,002 2,033 1,154 0 22 51 1,118
AMERISAFE (AMSF) 1,171 0% 12.0 5% 1,571 1,122 375 0 76 93 1,120
Sirius International Insurance Group (SG) 1,142 0% -93.8 -1% 6,419 4,391 1,569 0 -46 -18 1,697
Universal Insurance Holdings (UVE) 996 0% 5.6 5% 2,064 1,498 893 0 111 147 822
Third Point Reinsurance (TPRE) 973 0% -5.8 -1% 3,489 2,094 763 0 -50 -39 223
MBIA (MBI) 781 0% -151.6 -2% 8,647 7,594 157 0 -211 -2 303
Ambac (AMBC) 763 0% -22.6 -1% 14,713 13,160 189 0 -192 -162 3,664
EMC Insurance Group (EMCI) 694 0% 18.5 2% 1,788 1,158 722 0 32 38 693
United Insurance Holdings (UIHC) 597 0% 63.5 -1% 2,704 2,141 776 0 -16 6 397
Heritage Insurance (HRTG) 446 0% 4.8 1% 1,934 1,495 491 0 18 65 308
HCI Group (HCI) 436 0% 14.2 2% 752 566 234 0 15 28 392
Global Indemnity (GBLI) 408 0% -33.4 -2% 2,015 1,321 538 0 -35 -20 652
NI Holdings (NODK) 408 36% 6.6 8% 538 241 250 91 41 53 348
Greenlight Capital (GLRE) 309 0% 2.6 -10% 1,456 955 394 0 -149 -141 -360
Protective Insurance (PTVCA) 296 0% -9.1 -2% 1,571 1,204 467 0 -33 -22 199
Hallmark Financial Services (HALL) 256 0% 3.4 2% 1,406 1,116 427 0 33 54 185
Fednat Holding (FNHC) 178 0% 8.5 0% 996 765 414 0 2 17 144
Atlas Financial Holdings (AFH) 121 0% -2.6 -7% 501 399 229 0 -38 -28 72
Kingstone Companies (KINS) 92 0% 238.3 -1% 289 202 128 0 -4 0 102

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Cash2219
Accounts Receivable
Inventory
PP&E
Assets27,114-2,18414,589
Accounts Payable
Long-Term Debt14,03915,20105,269
Liabilities30,2631,72412,956
Stockholders' Equity-3,813-3,9081,592
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Revenue2961511
Cost of Revenue
Gross Profit
R&D
SG&A
Tax77-05
Net Income-1,960-257267
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312018-12-31
Cash Operating4-5-1,543
Cash Investing22851,588
Cash Financing-225-396-585