Ambac Financial Group Inc (NYSE:AMBC)
$ 13.22 0.13 (0.99%) Market Cap: 621.03 Mil Enterprise Value: 4.22 Bil PE Ratio: 0 PB Ratio: 0.42 GF Score: 57/100
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Q3 2024 Ambac Financial Group Inc Earnings Call Transcript

Nov 13, 2024 / 01:30PM GMT
Release Date Price: $12.89 (+10.17%)
Editor

Portions of this transcript marked (technical difficulty) indicate audio problems. The missing text will be supplied if a replay becomes available.

Claude Leblanc
Ambac Assurance Corp - President, Chief Executive Officer, Director

(technical difficulty) It was coming off multiyear peak levels to start the year. So not unexpected, we do expect the effect of hurricanes Milton and Helene to stabilize property insurance pricing going into 2025. Whereas the effects on nonproperty lines is limited.

In summary, we see the overall commercial insurance market conditions including the secular trends towards es and risk specialization as supportive and conducive to our continued expansion as we look ahead to our future as a pure place specialty P&C platform. I am extremely pleased with the overwhelming shareholder support we received for the sale of our legacy financial guarantee business.

I'm also happy to report that Oaktree has received pra approval for the sale and we now await the only remaining approval from the Wisconsin Office of the

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