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AMBC logoAmbac Financial Group, Inc.(AMBC)Earnings, Financials & Key Ratios

AMBC•NYSE•Insurance & Managed Care
$6.13
$269M mkt cap·4.3× P/E·Price updated Apr 24, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustryFinancial Guaranty and Credit Enhancement
AboutAmbac 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; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services. The company was incorporated in 1991 and is headquartered in New York, New York.Show more
  • Revenue$236M+89.1%
  • Combined Ratio125.38%+5.0%
  • Net Income-$556M-15420.7%
  • Return on Equity-42.36%-16176.1%
  • Medical Cost Ratio58.17%-5.5%
  • Operating Margin-25.38%-30.7%
  • Net Margin-235.97%-8203.5%
  • ROA-6.75%-15337.7%
  • Equity / Assets14.84%-12.7%
  • Book Value per Share25.45-18.9%
  • Tangible BV/Share9.21-67.7%
  • Debt/Equity0.13-94.8%
Technical→

AMBC Key Insights

Ambac Financial Group, Inc. (AMBC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Low loss ratio of 58.2%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Unprofitable underwriting: 125.4% combined ratio
  • ✗Weak 3Y average ROE of 0.2%
  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AMBC Price & Volume

Ambac Financial Group, Inc. (AMBC) stock price & volume — 10-year historical chart

Loading chart...

AMBC Growth Metrics

Ambac Financial Group, Inc. (AMBC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-5.23%
5 Years-13.82%
3 Years-1.53%
TTM-59.3%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-3126.06%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-3814.85%

Return on Capital

10 Years-0.33%
5 Years-0.94%
3 Years-0.46%
Last Year-0.74%

AMBC Recent Earnings

Ambac Financial Group, Inc. (AMBC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (55%)
Q1 2026Latest
Feb 25, 2026
EPS
$0.63
Est $0.21
-199.5%
Revenue
$67M
Q4 2025
Nov 10, 2025
EPS
$0.21
Est $0.23
+8.7%
Revenue
$67M
Est $57M
+17.3%
Q3 2025
Aug 7, 2025
EPS
$0.22
Est $0.24
+8.3%
Revenue
$55M
Est $57M
-3.2%
Q2 2025
May 12, 2025
EPS
$0.13
Est $0.07
-85.7%
Revenue
$63M
Est $33M
+90.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$0.63vs $0.21-199.5%
$67M
Q4 2025Nov 10, 2025
$0.21vs $0.23+8.7%
$67Mvs $57M+17.3%
Q3 2025Aug 7, 2025
$0.22vs $0.24+8.3%
$55Mvs $57M-3.2%
Q2 2025May 12, 2025
$0.13vs $0.07-85.7%
$63Mvs $33M+90.2%
Based on last 12 quarters of dataView full earnings history →

AMBC Peer Comparison

Ambac Financial Group, Inc. (AMBC) competitors in Financial Guaranty and Credit Enhancement — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MBI logoMBIMBIA Inc.Direct Competitor308.01M6.10-1.7390.48%-195.51%
AGO logoAGOAssured Guaranty Ltd.Direct Competitor3.83B82.0111.94-19.8%42.14%7.01%0.31
BAM logoBAMBrookfield Asset Management Ltd.Direct Competitor81.63B48.6438.00-2.02%24.4%0.07
RDN logoRDNRadian Group Inc.Product Competitor4.87B35.748.63-3.36%46.73%12.59%0.24
ESNT logoESNTEssent Group Ltd.Product Competitor5.99B61.418.9712.03%53.73%12.25%0.09
MTG logoMTGMGIC Investment CorporationProduct Competitor5.58B26.408.410.49%59.63%14%0.13
NMIH logoNMIHNMI Holdings, Inc.Product Competitor2.91B38.257.778.39%55.07%15.8%0.16
PFSI logoPFSIPennyMac Financial Services, Inc.Product Competitor4.54B86.949.35173.81%12.02%5.35

Compare AMBC vs Peers

Ambac Financial Group, Inc. (AMBC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MBI

Most directly comparable listed peer for AMBC.

Scale Benchmark

vs JPM

Larger-name benchmark to compare AMBC against a more recognizable public peer.

Peer Set

Compare Top 5

vs MBI, AGO, BAM, RDN

AMBC Income Statement

Ambac Financial Group, Inc. (AMBC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Revenue501.93M616M508M496M156M247M53.61M124.73M235.81M99.13M
Revenue Growth %-22.13%22.73%-17.53%-2.36%-68.55%58.33%-78.29%132.65%89.06%-59.3%
Medical Costs & Claims-11.49M513M-223M13M225M-72M29.25M76.73M137.17M115.99M
Medical Cost Ratio %-2.29%83.28%-43.9%2.62%144.23%-29.15%54.55%61.52%58.17%117.01%
Gross Profit
513.42M▲ 0%
103M▼ 79.9%
731M▲ 609.7%
483M▼ 33.9%
-69M▼ 114.3%
319M▲ 562.3%
24.36M▼ 92.4%
47.99M▲ 97.0%
98.65M▲ 105.5%
-16.86M▲ 0%
Gross Margin %102.29%16.72%143.9%97.38%-44.23%129.15%45.45%38.48%41.83%-17.01%
Gross Profit Growth %-63.67%-79.94%609.71%-33.93%-114.29%562.32%-92.36%96.98%105.54%-
Operating Expenses408.39M388M457M666M371M320M60.07M72.22M158.49M114.14M
OpEx / Revenue %81.36%62.99%89.96%134.27%237.82%129.55%112.05%57.9%67.21%115.14%
Depreciation & Amortization175.83M152M108M295M58M57M3.79M5.23M19.95M13.61M
Combined Ratio %79.08%146.27%46.06%136.9%382.05%100.4%166.6%119.42%125.38%232.15%
Operating Income
105.03M▲ 0%
-285M▼ 371.4%
274M▲ 196.1%
-183M▼ 166.8%
-440M▼ 140.4%
-1M▲ 99.8%
-35.71M▼ 3470.6%
-24.22M▲ 32.2%
-59.84M▼ 147.1%
-131.01M▲ 0%
Operating Margin %20.92%-46.27%53.94%-36.9%-282.05%-0.4%-66.6%-19.42%-25.38%-132.15%
Operating Income Growth %-79.41%-371.36%196.14%-166.79%-140.44%99.77%-3470.6%32.17%-147.08%-
EBITDA280.85M-133M382M112M-382M56M-31.91M-18.99M-39.9M-117.4M
EBITDA Margin %55.95%-21.59%75.2%22.58%-244.87%22.67%-59.53%-15.23%-16.92%-118.42%
Interest Expense124.34M120M242M269M222M187M009.38M22.84M
Non-Operating Income-124.34M-121M-241M-269M-222M-190M00-9.38M24.41M
Pretax Income
105.03M▲ 0%
-284M▼ 370.4%
273M▲ 196.1%
-183M▼ 167.0%
-440M▼ 140.4%
2M▲ 100.5%
-35.71M▼ 1885.3%
-24.22M▲ 32.2%
-59.84M▼ 147.1%
-131M▲ 0%
Pretax Margin %20.92%-46.1%53.74%-36.9%-282.05%0.81%-66.6%-19.42%-25.38%-132.15%
Income Tax30.71M44M5M32M-3M18M-462K-989K-924K-14.95M
Effective Tax Rate %29.24%-15.49%1.83%-17.49%0.68%900%1.29%4.08%1.54%11.41%
Net Income
74.84M▲ 0%
-329M▼ 539.6%
267M▲ 181.2%
-216M▼ 180.9%
-437M▼ 102.3%
-17M▲ 96.1%
521.25M▲ 3166.2%
3.63M▼ 99.3%
-556.45M▼ 15420.7%
-780.16M▲ 0%
Net Margin %14.91%-53.41%52.56%-43.55%-280.13%-6.88%972.26%2.91%-235.97%-786.98%
Net Income Growth %-84.83%-539.59%181.16%-180.9%-102.31%96.11%3166.17%-99.3%-15420.73%-3126.06%
EPS (Diluted)
1.64▲ 0%
-7.25▼ 542.1%
5.74▲ 179.2%
-4.68▼ 181.5%
-9.47▼ 102.4%
-0.60▲ 93.7%
11.31▲ 1985.0%
0.18▼ 98.4%
-10.71▼ 6050.0%
-16.22▲ 0%
EPS Growth %-84.7%-542.07%179.17%-181.53%-102.35%93.66%1985%-98.41%-6050%-3814.85%
EPS (Basic)1.66-7.255.86-4.68-9.47-0.6011.480.18-10.71-
Diluted Shares Outstanding45.72M45.37M46.56M45.95M46.15M46.53M46.41M45.64M46.97M48.11M

AMBC Balance Sheet

Ambac Financial Group, Inc. (AMBC) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Total Assets22.64B23.19B14.59B13.32B13.22B12.3B7.97B8.43B8.06B2.15B
Asset Growth %-4.6%2.46%-37.1%-8.7%-0.75%-6.94%-35.19%5.71%-4.39%-79.13%
Total Investment Assets19.88B20.22B11.1B9.58B9.89B7.43B5.83B354.05M312.92M4M
Long-Term Investments8.61B8.12B6.28B6.35B6.16B5.6B3.93B335.73M28.29M292.35M
Short-Term Investments5.99B5.21B3.55B3.23B2.81B1.83B1.9B335.73M284.62M426.93M
Total Current Assets521.81M1.18B6.11B5.74B04.32B2.6B0898.99M0
Cash & Equivalents91.03M623.7M63.09M24M20M17M30M19.22M47.27M51.77M
Receivables0002.47B2.56B2.47B655M220.31M418.79M2.01B
Other Current Assets0003.95B-5.46B3.12B1.65B-685.67M0-1.23B
Goodwill & Intangibles962.08M846.97M718.93M427M455M408M387M131.1M763.01M3.13B
Goodwill000046M46M61M69.69M418.23M445.38M
Intangible Assets962.08M846.97M718.93M427M409M362M326M61.4M344.77M339.2M
PP&E (Net)-523.66M-285.09M6.79B25M023M21M018.11M0
Other Assets-8.61B-8.12B-7B-176M-6.62B-6.01B-4.32B-466.83M6.35B1.36B
Total Liabilities20.66B21.55B12.96B11.78B12.07B11.19B6.65B7B6.86B1B
Total Debt12.27B13.15B8.2B7.38B7.23B6.45B3.75B3.48B150M0
Net Debt12.18B12.53B8.13B7.35B7.21B6.43B3.72B3.46B102.72M-51.77M
Long-Term Debt12.27B13.15B8.2B7.38B7.23B6.45B3.75B3.48B00
Short-Term Debt00000790M670M0150M0
Total Current Liabilities42.53M37.88M32.91M29M033M39M0205.56M0
Accounts Payable42.53M37.88M33M29M27M33M39M29.67M53M87.64M
Deferred Revenue-39.83M00-506M0-757M-631M000
Other Current Liabilities-18.06M-39.81M-33M506M-544M-609M-466M-36.6M0-196.95M
Deferred Taxes1000K1000K1000K1000K1000K0001000K280.75M
Other Liabilities8.39B8.39B4.72B0-7.26B02.9B-3.48B6.59B-68.86M
Total Equity
1.98B▲ 0%
1.65B▼ 16.8%
1.63B▼ 0.7%
1.54B▼ 5.9%
1.15B▼ 25.4%
1.12B▼ 2.7%
1.32B▲ 18.7%
1.43B▲ 8.1%
1.2B▼ 16.5%
1.15B▲ 0%
Equity Growth %1%-16.82%-0.74%-5.89%-25.37%-2.7%18.73%8.05%-16.5%-85.98%
Shareholders Equity1.71B1.38B1.59B1.48B1.08B1.04B1.25B1.36B856.91M843.38M
Minority Interest264.11M264.11M41.15M60M67M78M73M70.04M338.62M304.04M
Retained Earnings1.56B1.23B1.42B1.2B759M726M1.25B1.25B742.18M491.73M
Common Stock452K453K454K0000467K489K489K
Accumulated OCI-38.99M-52.24M-48.72M42M79M58M-253M-160.05M-188.44M11.78M
Return on Equity (ROE)3.8%-18.16%16.29%-13.63%-32.56%-1.5%42.71%0.26%-42.36%-67.99%
Return on Assets (ROA)0.32%-1.44%1.41%-1.55%-3.29%-0.13%5.14%0.04%-6.75%-36.32%
Equity / Assets8.74%7.09%11.19%11.54%8.68%9.07%16.62%16.99%14.84%53.42%
Debt / Equity6.20x7.99x5.02x4.80x6.31x5.78x2.83x2.43x0.13x0.13x
Book Value per Share43.2636.2635.0833.4524.8623.9828.5531.3725.4523.85
Tangible BV per Share22.2217.6019.6424.1515.0015.2120.2128.509.217.54

AMBC Cash Flow Statement

Ambac Financial Group, Inc. (AMBC) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations843.54M-212.77M-1.54B-311M-175M-131M70.37M200M762K762K
Operating CF Growth %863.58%-125.22%-625.33%79.85%43.73%25.14%153.72%184.22%-99.62%-321.2%
Operating CF / Revenue %168.06%-34.54%-303.79%-62.7%-112.18%-53.04%131.25%160.35%0.32%0.77%
Net Income74.32M-328.71M267.4M-216M-437M-16M-35.24M4M-58.92M-780.16M
Depreciation & Amortization175.83M151.85M107.98M295M58M57M3.79M31M19.95M-5.88M
Stock-Based Compensation5.25M4.29M11.85M12M11M14M11.23M17M9.36M5.71M
Deferred Taxes9.24M5.67M-28.93M36M8M2M0000
Other Non-Cash Items-212.99M-186.03M-188.81M-101M17M-93M64.42M18M15.36M73.7M
Working Capital Changes791.89M140.17M-1.71B-337M168M-95M26.17M130M15.02M-73.5M
Cash from Investing-714.64M928.77M1.59B1B432M776M-41.16M435M-166.37M112.78M
Capital Expenditures0000-178M00000
Acquisitions00348.87M543M104M0-18.44M-7M-229.66M0
Purchase of Investments-3.06B-2.48B-541.75M-1.31B-1.45B-470M-96.66M-495M-62.99M234.31M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K2M
Other Investing30.41M106.05M-57.35M99M178M175M2.33M396M-3.75M-118.45M
Cash from Financing-69.71M-182.12M-585.38M-691M-303M-657M-19.23M-423M194.22M-78.88M
Dividends Paid0000000000
Share Repurchases0-1M-1M-3M-3M-6M-14.22M-5M-11.7M-15M
Stock Issued-2.71M03K00000017M
Debt Issuance (Net)-1000K-1000K-1000K-1000K-1000K-1000K0-1000K1000K-2M
Other Financing-20.68M-313M-350.03M-522M-179M-184M2.98M-321M58.92M216.12M
Net Change in Cash
55.28M▲ 0%
532.68M▲ 863.6%
-541.19M▼ 201.6%
-2M▲ 99.6%
-46M▼ 2200.0%
-12M▲ 73.9%
9.97M▲ 183.1%
213M▲ 2036.2%
28.05M▼ 86.8%
-56.32M▲ 0%
Exchange Rate Effect-1000K-1000K-403K00001000K-558K544K
Cash at Beginning35.74M91.03M624.68M83M81M35M9.97M61M19.22M46.38M
Cash at End91.03M623.7M83.49M81M35M23M19.94M274M47.27M51.77M
Free Cash Flow
843.54M▲ 0%
-212.77M▼ 125.2%
-1.54B▼ 625.3%
-311M▲ 79.8%
-353M▼ 13.5%
-131M▲ 62.9%
70.37M▲ 153.7%
200M▲ 184.2%
762K▼ 99.6%
-34.95M▲ 0%
FCF Growth %863.58%-125.22%-625.33%79.85%-13.5%62.89%153.72%184.22%-99.62%-120.74%
FCF Margin %168.06%-34.54%-303.79%-62.7%-226.28%-53.04%131.25%160.35%0.32%-35.26%
FCF per Share18.45-4.69-33.15-6.77-7.65-2.821.524.380.020.02

AMBC Key Ratios

Ambac Financial Group, Inc. (AMBC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Combined Ratio79.08%146.27%46.06%136.9%382.05%100.4%166.6%119.42%125.38%232.15%
Medical Cost Ratio-2.29%83.28%-43.9%2.62%144.23%-29.15%54.55%61.52%58.17%117.01%
Return on Equity (ROE)3.8%-18.16%16.29%-13.63%-32.56%-1.5%42.71%0.26%-42.36%-67.99%
Return on Assets (ROA)0.32%-1.44%1.41%-1.55%-3.29%-0.13%5.14%0.04%-6.75%-36.32%
Equity / Assets8.74%7.09%11.19%11.54%8.68%9.07%16.62%16.99%14.84%53.42%
Book Value / Share43.2636.2635.0833.4524.8623.9828.5531.3725.4523.85
Debt / Equity6.20x7.99x5.02x4.80x6.31x5.78x2.83x2.43x0.13x0.13x
Revenue Growth-22.13%22.73%-17.53%-2.36%-68.55%58.33%-78.29%132.65%89.06%-59.3%

AMBC SEC Filings & Documents

Ambac Financial Group, Inc. (AMBC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 7, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Jan 6, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 6, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 7, 2025·SEC

FY 2025

May 12, 2025·SEC

AMBC Frequently Asked Questions

Ambac Financial Group, Inc. (AMBC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Ambac Financial Group, Inc. (AMBC) grew revenue by 89.1% over the past year. This is strong growth.

Ambac Financial Group, Inc. (AMBC) reported a net loss of $780.2M for fiscal year 2024.

Dividend & Returns

Ambac Financial Group, Inc. (AMBC) has a return on equity (ROE) of -42.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Ambac Financial Group, Inc. (AMBC) has a combined ratio of 125.4%. A ratio above 100% means claims and expenses exceed premiums.

Explore More AMBC

Ambac Financial Group, Inc. (AMBC) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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