Ambac Financial | 10-Q: FY2025 Q3 Revenue: USD 66.61 M

LB filings
2025.11.10 22:11
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Revenue: As of FY2025 Q3, the actual value is USD 66.61 M.

EPS: As of FY2025 Q3, the actual value is USD -0.67, missing the estimate of USD -0.345.

EBIT: As of FY2025 Q3, the actual value is USD -22.38 M.

Specialty Property & Casualty Insurance

  • Net Premiums Earned: $17,027 thousand for Q3 2025, down from $27,441 thousand in Q3 2024. For the nine months ended September 30, 2025, net premiums earned were $48,908 thousand, down from $80,074 thousand in the same period in 2024.
  • Losses and Loss Adjustment Expenses: $14,386 thousand for Q3 2025, down from $20,421 thousand in Q3 2024. For the nine months ended September 30, 2025, losses and loss adjustment expenses were $35,860 thousand, down from $62,800 thousand in the same period in 2024.
  • Policy Acquisition Costs: $3,491 thousand for Q3 2025, down from $5,993 thousand in Q3 2024. For the nine months ended September 30, 2025, policy acquisition costs were $11,031 thousand, down from $15,816 thousand in the same period in 2024.
  • Segment Pretax Income (Loss): - $45 thousand for Q3 2025, down from $8,934 thousand in Q3 2024. For the nine months ended September 30, 2025, segment pretax income was $2,077 thousand, down from $9,655 thousand in the same period in 2024.

Insurance Distribution

  • Commissions: $36,059 thousand for Q3 2025, up from $23,064 thousand in Q3 2024. For the nine months ended September 30, 2025, commissions were $103,152 thousand, up from $54,014 thousand in the same period in 2024.
  • Servicing and Other Fees: $4,855 thousand for Q3 2025, up from $2,266 thousand in Q3 2024. For the nine months ended September 30, 2025, servicing and other fees were $14,291 thousand, up from $2,266 thousand in the same period in 2024.
  • Program Fees: $3,590 thousand for Q3 2025, down from $3,622 thousand in Q3 2024. For the nine months ended September 30, 2025, program fees were $10,739 thousand, up from $9,517 thousand in the same period in 2024.
  • Segment Pretax Income (Loss): - $5,747 thousand for Q3 2025, down from - $7,949 thousand in Q3 2024. For the nine months ended September 30, 2025, segment pretax loss was - $18,159 thousand, down from - $2,851 thousand in the same period in 2024.

Corporate & Other

  • Investment Income: $617 thousand for Q3 2025, up from $1,516 thousand in Q3 2024. For the nine months ended September 30, 2025, investment income was $1,735 thousand, down from $5,928 thousand in the same period in 2024.
  • Segment Pretax Income (Loss): - $26,287 thousand for Q3 2025, down from - $21,742 thousand in Q3 2024. For the nine months ended September 30, 2025, segment pretax loss was - $54,078 thousand, down from - $45,549 thousand in the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: Ambac Financial Group, Inc. plans to continue focusing on its Specialty Property and Casualty Insurance and Insurance Distribution segments. The company aims to improve its financial performance by optimizing its operations and enhancing its service offerings.
  • Non-Core Business: The company completed the sale of its Legacy Financial Guarantee business, including Ambac Assurance Corporation, on September 29, 2025. This divestiture is expected to streamline operations and allow the company to focus on its core business segments.
Source: LB filings The copyright of this article belongs to the original author/organization.
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