Company Information

  

Address: ONE STATE ST PLZ  
City: NEW YORK 
State: NY 
Zip Code: 10004 
Telephone: 212-668-0340 

Description of Business

Primary SIC Code: 6351
(As filed with the SEC)  

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. 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.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
There's no share overview data.

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-1.65Total Liab/Total Assets0.94
Net Inc/Total Assets-0.01Total Liab/Inv Cap0.94
Net Inc/Inv Cap-0.01Total Liab/Comm Equity109.31
Pretax Inc/Net Sales-0.46Interest Coverage Ratio-1.37
Net Inc/Net Sales-0.53Curr Debt/EquityNA
Cash Flow/Net Sales-0.34LTD/Equity9.55
SG&A/NetSalesNATotal Debt/Equity9.55
Asset Utilization   Liquidity  
Net Receivables Turnover0.47Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 174.06 189.20 132.97 172.70
Cost of Goods Sold -247.40 102.27 209.81 66.10
Selling & Admin Exps NA NA NA NA
Operating Income 308.31 -6.92 -185.47 13.99
Interest Exp 48.07 30.99 29.15 28.23
Pretax Income 308.31 -6.92 -185.47 13.99
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 305.70 -19.48 -190.91 7.11

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 360.74 1,181.95 861.33 563.26
Receivables - Total 2,536.87 1,281.50 1,420.35 1,361.74
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 22,847.97 23,192.37 23,292.58 23,005.44
Liabilities        
Accounts Payable 292.50 477.38 533.30 470.71
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 15,264.31 13,190.12 13,256.31 12,930.50
Total Liabilities 21,002.91 21,811.23 21,784.56 21,331.34
Stockholder's Equity        
Minority Interest 264.11 264.11 264.11 264.11
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.45 0.45 0.45 0.45
Retained Earnings 1,541.46 1,233.85 1,246.74 1,437.64
Treasury Stock -0.51 -0.47 -0.47 -0.47
Total Stockholders' Equity 1,845.06 1,381.15 1,508.03 1,674.10
Total Liabilities and Stockholders' Equity 22,847.97 23,192.37 23,292.58 23,005.44

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -1,191.56 65.96 -117.73 -156.22
Net Cash Provided by Investing Activities 657.00 454.65 178.65 62.94
Net Cash Provided by Financing Activities -50.22 -4.33 -7.74 30.27

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20131,221.446,598.96--
12/2014328.67483.86--
12/2015644.66493.40--
12/2016506.1574.84--
12/2017621.25-328.72--
Growth Rates-15.55----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional03/31/187130--




Report Date : 6/18/2018

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