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.

Type
Public
HQ
New York, US
Founded
1971
Size (employees)
154 (est)
Website
ambac.com
Ambac Financial Group was founded in 1971 and is headquartered in New York, US
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Ambac Financial Group Office Locations

Ambac Financial Group 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 Financial Group Financials and Metrics

Ambac Financial Group Financials

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

Revenue (Q1, 2018)

174.1 m

Net income (Q1, 2018)

305.7 m

Market capitalization (22-Jun-2018)

898.5 m

Closing share price (22-Jun-2018)

19.8

Cash (31-Mar-2018)

38.5 m

EV

3.8 b
Ambac Financial Group's current market capitalization is $898.5 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

328.7 m644.7 m506.1 m621.2 m

Revenue growth, %

96%(21%)

Operating expense total

905.5 m

Interest expense

119.9 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Revenue

174.1 m

Operating expense total

(134.3 m)

Interest expense

48.1 m

Income tax expense

2.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

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

Accounts Receivable

2.2 m

Inventories

4.2 m10.4 m

Goodwill

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

Cash

28.6 m31.7 m26.6 m34 m27.1 m29.1 m23 m21.2 m118.8 m54.2 m38.5 m

Inventories

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

Goodwill

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

Total Assets

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

Net Income

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

Depreciation and Amortization

2 m2 m2 m1.2 m992 k

Inventories

Accounts Payable

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

Net Income

436.3 m156 m205.3 m436.3 m214.9 m497 m106 m9.4 m67.8 m169.2 m(125.4 m)(118.3 m)305.7 m

Depreciation and Amortization

1.2 m748 k501 k1.2 m791 k1.5 m2.1 m303 k635 k920 k270 k533 k181 k

Accounts Payable

37.5 m22.2 m15.5 m37.5 m18.3 m34.9 m30.9 m16.2 m24.6 m45.2 m4.9 m6.6 m(83 m)

Cash From Operating Activities

84.3 m38.5 m39.6 m84.3 m5.6 m38.3 m80.9 m827.7 m870.3 m825.5 m(2.6 m)(161 m)(1.2 b)
USDY, 2018

EV/CFO

-3.2 x

Financial Leverage

10.8 x
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Ambac Financial Group 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 Financial Group Revenue Breakdown

Embed Graph

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

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