Ambac Financial Group (originally the American Municipal Bond Assurance Corporation) is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance and other financial services to clients in both the public and private sectors around the world. Through its financial services subsidiaries, the Company provides investment agreements, interest rate swaps, investment advisory and cash management services, primarily to states, municipalities and their authorities.

Employee Rating

2.3More
TypePublic
HQNew York, US
Founded1971
Size (employees)124 (est)-19%
Websiteambac.com
Ambac was founded in 1971 and is headquartered in New York, US
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Key People/Management at Ambac

Claude Leblanc

Claude Leblanc

President and Chief Executive Officer
David Trick

David Trick

Executive Vice President, Chief Financial Officer and Treasurer
R. Sharon Smith

R. Sharon Smith

Senior Managing Director and Chief of Staff
David Barranco

David Barranco

Senior Managing Director, Restructuring and Corporate Development
Robert B. Eisman

Robert B. Eisman

Senior Managing Director, Chief Accounting Officer and Controller
Stephen M. Ksenak

Stephen M. Ksenak

Senior Managing Director and General Counsel
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Ambac Office Locations

Ambac has offices in New York and London
New York, US (HQ)
1 State Street Plaza
London, GB
21 Great Winchester St
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Ambac Financials and Metrics

Ambac Revenue

Ambac's revenue was reported to be $621.25 m in FY, 2017
USD

Revenue (Q3, 2018)

134.0m

Net income (Q3, 2018)

(22.2m)

Market capitalization (14-Dec-2018)

718.6m

Closing stock price (14-Dec-2018)

15.9

Cash (30-Sep-2018)

52.5m

EV

3.6b
Ambac's current market capitalization is $718.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

328.7m644.7m506.1m621.2m

Revenue growth, %

96%(21%)

Operating expense total

905.5m

Interest expense

124.3m119.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

230.8m87.7m16.9m106.7m145.0m133.0m174.1m150.6m134.0m

Operating expense total

(55.3m)475.9m4.0m45.2m28.3m318.4m(134.3m)144.3m154.0m

Interest expense

31.8m32.3m32.0m31.8m28.2m29.9m30.4m30.7m31.5m29.1m48.1m62.4m65.7m

Income tax expense

594.0k3.2m(2.2m)2.3m3.9m2.8m3.4m3.2m15.3m5.4m2.6m2.0m2.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

77.4m73.9m35.7m91.0m623.7m

Accounts Receivable

2.2m

Inventories

6.2m4.2m10.4m

Goodwill

514.5m514.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

28.6m31.7m26.6m34.0m27.1m29.1m23.0m21.2m118.8m54.2m107.0m38.5m44.4m52.5m

Inventories

6.1m6.3m6.3m6.1m5.5m5.7m5.5m5.1m4.6m4.5m4.2m10.1m10.4m10.6m10.0m10.1m

Goodwill

514.5m514.5m514.5m514.5m514.5m514.5m

Total Assets

28.6b27.1b27.7b26.6b25.4b25.5b24.3b23.7b23.2b24.0b22.8b23.0b23.3b22.8b21.5b15.1b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

504.8m504.8m504.8m74.3m(328.7m)

Depreciation and Amortization

2.0m2.0m2.0m1.2m992.0k

Inventories

Accounts Payable

58.0m58.0m58.0m66.4m50.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

436.3m156.0m(52.2m)30.2m214.9m497.0m106.0m9.4m67.8m169.2m(125.4m)(118.3m)(309.2m)305.7m310.0m287.9m

Depreciation and Amortization

1.2m748.0k1.5m2.2m791.0k1.5m2.1m303.0k635.0k920.0k270.0k533.0k766.0k181.0k363.0k531.0k

Accounts Payable

37.5m22.2m45.2m82.0m18.3m34.9m30.9m16.2m24.6m45.2m4.9m6.6m27.3m(83.0m)(89.6m)(22.9m)

Cash From Operating Activities

84.3m38.5m172.3m258.4m5.6m38.3m80.9m827.7m870.3m825.5m(2.6m)(161.0m)(278.7m)(1.2b)(1.3b)(1.4b)
USDY, 2018

EV/CFO

-2.5 x

Debt/Equity

1.6 x

Debt/Assets

0.2 x

Financial Leverage

8.4 x
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Ambac Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

In-Force Policies

325 330 324 323 293 308 299 296 282 289 298
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Ambac Revenue Breakdown

Embed Graph

Ambac revenue breakdown by business segment: 97.7% from Financial Guarantee and 2.3% from Other

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Ambac Company Life and Culture

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Ambac Frequently Asked Questions

  • When was Ambac founded?

    Ambac was founded in 1971.

  • Who are Ambac key executives?

    Ambac's key executives are Claude Leblanc, David Trick and R. Sharon Smith.

  • How many employees does Ambac have?

    Ambac has 124 employees.

  • What is Ambac revenue?

    Latest Ambac annual revenue is $621.2 m.

  • What is Ambac revenue per employee?

    Latest Ambac revenue per employee is $5 m.

  • Who are Ambac competitors?

    Competitors of Ambac include The Citizens Holding Company, Markel Corporation and Tompkins Financial.

  • Where is Ambac headquarters?

    Ambac headquarters is located at 1 State Street Plaza, New York.

  • Where are Ambac offices?

    Ambac has offices in New York and London.

  • How many offices does Ambac have?

    Ambac has 2 offices.