Ambac reports fourth quarter 2022 results

New york--(business wire)--ambac financial group, inc. (nyse: ambc) ("ambac" or "afg"), a financial services holding company, today reported net income attributable to common stockholders of $175 million or $3.86(1) per diluted share and adjusted earnings(2) of $190 million or $4.18(1) per diluted share for the quarter ended december 31, 2022. this compares to a net loss attributable to common stockholders of $22 million or $0.42 per diluted share and an adjusted loss of $10 million or $0.16 per diluted share in the fourth quarter of 2021. book value per share increased $5.42 to $27.85 and adjusted book value per share(2) increased $5.16 to $28.29 from september 30, 2022, to december 31, 2022.
AMBC Ratings Summary
AMBC Quant Ranking