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Ambac Financial Group (ABK)

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David W. Wallis , CEO/President/Director

www.ambac.com

Industry: Finance

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Overview

A holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world.

Portfolio Articles

Here Come the Suits
A tsunami of mortgage-related securities class actions has started already.
Apr 03 2008
Amblech
Investors are disappointed in bond insurer's capital plan.
Mar 05 2008
California Freedom
State says no to muni bond insurance.
Mar 04 2008
Wilbur Makes Good
Investor takes a big stake in a bond insurer.
Feb 29 2008
Bond Insurer Break-Up
F.G.I.C. plans split after call by New York authorities.
Feb 15 2008

See more news on this company

News Feeds

Ambac Financial eliminates dividend AP
Dec 03 2008
Ambac shares rise 80 percent after liabilities canceled Reuters
Nov 20 2008
Premarket roundup: Ambac, Charles Schwab AP
Nov 20 2008
Ahead of the Bell: Ambac Financial Group AP
Nov 20 2008
Ambac commutes $3.5 Billion in CDO exposure AP
Nov 19 2008
S&P downgrades Ambac unit on mortgage debt risks AP
Nov 19 2008
Ambac falls on downgrade, capital concern AP
Nov 06 2008
NY lawsuit: Bear Stearns built a 'house of cards' AP
Nov 05 2008
Moody's cuts Ambac Financial debt rating to junk AP
Nov 05 2008
Bond insurers post further losses, shares drop Reuters
Nov 05 2008

Portfolio Blogs

Extra Credit, Wednesday Edition
Nov 06 2008
Ouch
Jan 04 2008

Press Releases

Ambac Financial Group, Inc. Eliminates Quarterly Dividend Dec-03-2008, 05:15PM EST
Zacks Bull and Bear of the Day Highlights: Avon Products, Huntington Bancshares, Ambac Financial, PetSmart and ATS Medical, Inc. Nov-21-2008, 06:00AM EST
Ambac Responds to Moody's Rating Action Nov-06-2008, 09:03AM EST
Ambac Financial Group, Inc. Announces Third Quarter Net Loss of $2,431.2 Million Nov-05-2008, 06:00AM EST
Ambac Comments on Treasury Guarantee Program Oct-29-2008, 01:55PM EDT

News From Around the Web

News

XplosiveStocks.com: Ambac Financial Group, Inc. (NYSE: ABK) Hot Stock on the Move! (Investors Business Daily)

Dec 04 2008
Ambac Financial's board votes to eliminate dividend at a savings of $11.5 million (Canadian Business Online)

Dec 03 2008
Ambac Financial eliminates quarterly dividend - quick facts (RTTNews)

Dec 03 2008
Ambac board eliminates 1-cent quarterly dividend (MarketWatch)

Dec 03 2008
Ambac to settle $3.5B in mortgage debt exposure (InvestmentNews)

Nov 20 2008
2nd UPDATE: Relativity, Citi Sue Over Movie-Financing Pact (Morningstar)

Nov 12 2008
Ambac Jabs with Moody's over Downgrade (CFO)

Nov 10 2008
Municipal-Debt Issuers Turn To Highest-Rated Insurers (Morningstar)

Nov 06 2008
Moody's cuts Ambac Financial debt rating to junk (Boston Globe)

Nov 05 2008

Employees

Number of Employees: 367

Revenue per Employee: $0

Top Executives

Robert G. Shoback, Other Corporate Officer

Douglas C. Renfield-Miller, Executive VP

Kathleen A. McDonough, Managing Director

Kevin J. Doyle, Senior VP/General Counsel

Gregg L. Bienstock, Chief Administrative Officer/Senior VP/Other Corporate Officer

John W. Uhlein, III, Executive VP

Sean T. Leonard, CFO/Senior VP/Chief Accounting Officer

Thomas J. Gandolfo, Managing Director

Board of Directors

Henry D.G. Wallace, Director

Laura S. Unger, Director

Kathleen A. McDonough, Managing Director

Philip Duff, Director

Thomas C. Theobald, Director

Paul DeRosa, Director

Michael A. Callen, Chairman of the Board/Director

Thomas J. Gandolfo, Managing Director

Jill M. Considine, Director

Financials

Quarterly

Annual

Income Statement	11/2008	08/2008	04/2008	01/2008
Sales	NA	NA	NA	4.76 Bil.
Gross Operating Profit	282.33 Mil.	1.6 Bil.	144.13 Mil.	-4.76 Bil.
Operating Income before D & A (EBITDA)	282.33 Mil.	1.6 Bil.	144.13 Mil.	-4.76 Bil.
Total Income Before Interest Expenses (EBIT)	282.33 Mil.	1.6 Bil.	144.13 Mil.	-4.76 Bil.
Total Net Income	-2.43 Bil.	823.13 Mil.	-1.66 Bil.	-3.26 Bil.
Basic EPS, Total	-8.45	2.86	-11.69	-31.85
Diluted EPS, Total	-8.45	2.8	-11.69	-31.85

BALANCE STATEMENT	11/2008	08/2008	04/2008	01/2008
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	20.43 Bil.	NA	1.3 Bil.	2.28 Bil.

Cash Flow	11/2008	08/2008	04/2008	01/2008
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	NA	-78.55 Mil.	NA	NA
Net Cash From Financing Activities	NA	-54.52 Mil.	NA	NA
Net Change in Cash & Cash Equivalents	NA	-18.34 Mil.	NA	NA

Income Statement	2008	2007	2006	2005
Sales	4.19 Bil.	NA	NA	NA
Gross Operating Profit	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Operating Income before D & A (EBITDA)	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Total Income Before Interest Expenses (EBIT)	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Total Net Income	-3.23 Bil.	875.91 Mil.	751.01 Mil.	724.55 Mil.
Basic EPS, Total	-31.38	8.22	6.94	6.61
Diluted EPS, Total	-31.38	8.15	6.87	6.53

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	2.28 Bil.	NA	NA	NA

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	NA	-1.51 Bil.	-1.46 Bil.	-1.61 Bil.
Net Cash From Financing Activities	NA	613.22 Mil.	465.03 Mil.	655.28 Mil.
Net Change in Cash & Cash Equivalents	NA	4.25 Mil.	8.34 Mil.	-4.58 Mil.

Ambac Financial Group (ABK)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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