<div id="readability-page-1"><div>Ambac Financial Group Inc., a prominent player in the financial services industry, has released its Form 10-Q report for the third quarter of 2025. The report provides a comprehensive overview of the company's financial performance and operational highlights, reflecting both challenges and strategic shifts within the business. Financial Highlights <ul><li>Total Revenues: $66.6 million, reflecting a decrease from $70.0 million in the same quarter last year, driven by lower net premiums earned and other revenue components.</li><li>Net Income (Loss) from Continuing Operations: $(30.8) million, compared to $(19.9) million in the prior year, indicating a further decline in profitability.</li><li>Net Income (Loss) from Discontinued Operations: $(80.9) million, significantly impacted by the loss on disposal of the Legacy Financial Guarantee business.</li><li>Net Income (Loss): $(111.7) million, a substantial increase in loss compared to $(29.3) million in the previous year, primarily due to losses from discontinued operations.</li><li>Net Income (Loss) Attributable to Shareholders: $(112.6) million, compared to $(27.5) million in the prior year, reflecting the overall decline in net income.</li><li>Net Income (Loss) from Continuing Operations Per Share - Basic: $(0.67), compared to $(0.43) in the previous year, indicating a decrease in earnings per share.</li><li>Net Income (Loss) from Discontinued Operations Per Share - Basic: $(1.68), compared to $(0.20) in the previous year, highlighting the impact of discontinued operations on earnings per share.</li><li>Net Income (Loss) Per Share - Basic: $(2.35), compared to $(0.63) in the prior year, showing a significant decline in overall earnings per share.</li></ul> Business Highlights <ul><li>Insurance Distribution Segment Performance: The Insurance Distribution segment reported significant growth in commissions, with a notable increase from $23,064 in Q3 2024 to $36,059 in Q3 2025. This segment also saw an increase in servicing and other fees, indicating a strong performance in its distribution channels.</li><li>Specialty Property &amp; Casualty Insurance Segment: This segment reported net premiums earned of $17,027 for Q3 2025, a decrease from $27,441 in Q3 2024. The segment continues to focus on niche specialty risk and accident &amp; health lines, contributing to its overall revenue.</li><li>New Product Launches: The acquisition of ArmadaCare, completed on October 31, 2025, marks a significant expansion into the specialty accident and health insurance market, enhancing the company's product offerings in this area.</li><li>Future Outlook: The company plans to rebrand and change its name following the sale of its Legacy Financial Guarantee business. This strategic shift indicates a focus on growing its insurance distribution and specialty property &amp; casualty insurance segments.</li><li>Operational Changes: The sale of Ambac Assurance Corporation (AAC) on September 29, 2025, represents a major operational shift, allowing the company to focus on its core insurance distribution and specialty property &amp; casualty insurance businesses.</li><li>Segment Income and Losses: The Specialty Property &amp; Casualty Insurance segment reported a slight pretax loss of $45 in Q3 2025, while the Insurance Distribution segment reported a pretax loss of $5,747, reflecting ongoing investments in growth and expansion.</li><li>Strategic Acquisitions: The acquisition of ArmadaCare for $250,000 is a strategic move to enhance the company's capabilities in the accident and health insurance market, aligning with its growth strategy in the insurance distribution segment.</li></ul>SEC Filing: AMBAC FINANCIAL GROUP INC [ AMBC ] - 10-Q - Nov. 10, 2025</div></div>

AMBC

Ambac Financial Group Inc. has released its Q3 2025 Form 10-Q report, revealing total revenues of $66.6 million, down from $70.0 million year-over-year. The company reported a net loss of $111.7 million, significantly higher than the previous year's loss of $29.3 million. The Insurance Distribution segment showed growth in commissions, while the Specialty Property & Casualty Insurance segment faced a decline in net premiums. The acquisition of ArmadaCare marks a strategic expansion into specialty accident and health insurance. The company plans to rebrand following the sale of its Legacy Financial Guarantee business.

AMBAC FINANCIAL GROUP INC SEC 10-Q Report