AMBAC FINANCIAL GROUP INC

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 27, 2024

OSG$5.27+5.6%Stored close · as of Nov 9, 2026

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Contents

Cautionary Statement Pursuant to the Private Securities Litigation Reform Act of 1995	1
Item Number	Page		Item Number	Page
PART I			PART II (CONTINUED)
1	Business	2			Balance Sheet	45
	Introduction	2			Accounting Standards	50
	Description of the Business	2			U.S. Insurance Statutory Basis Financial Results	50
	Enterprise Risk Management	9			Ambac UK Financial Results Under UK Accounting Principles	52
	Available Information	10			Non-GAAP Financial Measures	53
	Insurance Regulatory Matters and Other Restrictions	11		7A	Quantitative and Qualitative Disclosures about Market Risk	56
	Investments and Investment Policy	12		8	Financial Statements and Supplementary Data	58
	Employees	13		9	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	122
1A	Risk Factors	13		9A	Controls and Procedures	122
1B	Unresolved Staff Comments	25		9B	Other Information	123
1C	Cybersecurity	25		PART III
2	Properties	26		10	Directors, Executive Officers and Corporate Governance	123
3	Legal Proceedings	27		11	Executive Compensation	123
4	Mine Safety Disclosures	27		12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	123
PART II			13	Certain Relationships and Related Transactions, and Director Independence	123
5	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	27		14	Principal Accountant Fees and Services	123
6	Reserved	28		PART IV
7	Management’s Discussion and Analysis of Financial Condition and Results of Operations	28		15	Exhibits, Financial Statement Schedules	123
	Executive Summary	29			Schedule I—Summary of Investment	128
	Critical Accounting Policies and Estimates	30			Schedule II—Condensed Financial Information of Registrant (Parent Company Only)	129
	Financial Guarantees in Force	33			Schedule III—Supplementary Insurance Information	134
	Liquidity and Capital Resources	44		SIGNATURES	135

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About this filing

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