Last €23.36 EUR
Change Today -0.381 / -1.60%
Volume 0.0
FGPN On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 2:38 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

ambac financial group inc (FGPN) Snapshot

Open
€23.75
Previous Close
€23.74
Day High
€23.79
Day Low
€23.36
52 Week High
03/6/14 - €25.22
52 Week Low
10/15/14 - €14.60
Market Cap
1.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
45.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMBAC FINANCIAL GROUP INC (FGPN)

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ambac financial group inc (FGPN) Details

Ambac Financial Group, Inc. does not have significant operations. Previously, it provided financial guarantee insurance for public and structured finance obligations; and financial and investment products, including investment agreements, funding conduits, and interest rate swaps principally to the clients of its financial guarantee business. The company was founded in 1971 and is headquartered in New York, New York.

212 Employees
Last Reported Date: 03/3/14
Founded in 1971

ambac financial group inc (FGPN) Top Compensated Officers

Chief Financial Officer, Senior Managing Dire...
Total Annual Compensation: $985.0K
Chief Accounting Officer, Senior Managing Dir...
Total Annual Compensation: $715.0K
Compensation as of Fiscal Year 2013.

ambac financial group inc (FGPN) Key Developments

Ambac Financial Group, Inc. Announces Management Changes

Ambac Financial Group, Inc. announced leadership changes. Diana N. Adams is resigning as President and Chief Executive Officer of AFG(Ambac Financial Group, Inc) and AAC (Ambac Assurance Corporation) by mutual agreement with the Board of Directors effective as of the close of business on December 31, 2014. Ms. Adams will also step down from the Board of Directors of each entity. Effective January 1, 2015 Board Co-Chair Nader Tavakoli was appointed interim President and Chief Executive Officer of AFG and Executive Chairman of AAC. Board Member Jeffrey S. Stein was appointed Chairman of the Board of AFG. Nader Tavakoli has been Co-Chair and a Director of AFG and AAC since May 1, 2013. Mr. Tavakoli is Chairman and Chief Executive Officer of EagleRock Capital Management. Jeffrey S. Stein has been a Director of AFG and AAC since May 1, 2013. Mr. Stein is Co-Founder and Managing Partner of Power Capital Partners LLC. Mr. Stein currently serves as a director on the Boards of Dynegy Inc. and Granite Ridge Holdings, LLC. Previously Mr. Stein was Co-Founder and Principal of Durham Asset Management LLC.

Ambac Financial Group Seeks Acquisitions

Ambac Financial Group, Inc. (NasdaqGS:AMBC) is looking for acquisition opportunities. Ambac's long term growth and diversification through potential acquisitions that leverage our key competencies.

Ambac Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairments Charges for Third Quarter Ended September 30, 2014

Ambac Financial Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income attributable to common shareholders of $82.5 million or $1.77 per diluted share against $231.0 million or $4.98 per diluted share a year ago. Net premiums earned were $64.8 million against $70.9 million last year. Pre-tax income from continuing operations was $84.5 million against $231.6 million a year ago. Total net investment income for the third quarter of 2014 was $83.6 million, as compared to $52.1 million for the same period last year. Pre-tax income from continuing operations before reorganization items was $84.8 million against $231.6 million a year ago. Net investment income for the third quarter 2014 primarily reflected the growing allocation of the financial guarantee investment portfolio towards distressed Ambac insured securities, increased yields on such holdings resulting from the impact on projected cash flows of the amended segregated account rehabilitation plan and a higher allocation to corporate obligations. Operating earnings in the third quarter 2014 were $142.7 million, or $3.06 per diluted share, compared to $193.4 million, or $4.17 per diluted share in the same period last year. Net income and operating earnings declined in the third quarter 2014 compared with the third quarter 2013 primarily because of a lower benefit for loss and loss expenses and lower derivative product revenues, partially offset by higher net investment income. Net income was also impacted by lower income from variable interest entities. For the nine months, net premiums earned were $212.4 million, total net investment income was $234.5 million, total revenues before expenses and reorganization items was $321.8 million, pre-tax income from continuing operations before reorganization items was $33.9 million, pre-tax income from continuing operations was $33.7 million, net income attributable to common shareholders was $30.5 million or $0.65 per diluted share. For the period from May 1, 2013 through September 30, 2013, total net investment income was $78.3 million, total revenues before expenses and reorganization items was $414.1 million, pre-tax income from continuing operations before reorganization items was $437.8 million, pre-tax income from continuing operations was $437.4 million, net income attributable to common shareholders was $436.7 million or $9.40 per diluted share. For the period from January 1, 2013 through April 30, 2013, total net investment income was $116.7 million, total revenues before expenses and reorganization items was $640.4 million, pre-tax income from continuing operations before reorganization items was $602.9 million, pre-tax income from continuing operations was $3,348.0 million, net income attributable to common shareholders was $3,349.0 million or $11.07 per basic and diluted share. Net other-than-temporary impairments of invested assets recognized in earnings was $5.0 million in the third quarter of 2014 compared to $38.0 million in the third quarter of 2013. Net other-than-temporary impairments in the third quarter of 2014 primarily related to the company's intent to sell certain securities that were in an unrealized loss position as of September 30, 2014, as the company prepares to fund the payment of Deferred Amounts and Surplus Note redemptions in the fourth quarter of 2014, and credit losses related to certain Ambac insured securities.

 

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FGPN Competitors

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Company Last Change
Assured Guaranty Ltd $25.59 USD -0.30
Syncora Holdings Ltd $1.77 USD -0.012
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FGPN

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Valuation FGPN Industry Range
Price/Earnings 12.6x
Price/Sales 2.1x
Price/Book 1.2x
Price/Cash Flow 4.9x
TEV/Sales NM Not Meaningful
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