AMBAC FINANCIAL GROUP INC
For the period ended Dec 31, 2024. Filed Mar 6, 2025.
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FY2024 · Filed Mar 6, 2025
OSG$5.27+5.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (Dollars in thousands, except share data) December 31, | 2024 | 2023 |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturity securities, at fair value (amortized cost of $162,124 and $141,179) | $157,020 | $135,224 |
| Short-term investments, at fair value (amortized cost of $127,588 and $200,506) | 127,601 | 200,510 |
| Other investments (at cost, except for $7,499 and $5,817 at fair value) | 28,294 | 18,317 |
| Total investments | 312,915 | 354,051 |
| Cash and cash equivalents (including $17,669 and $11,881 of restricted cash) | 47,275 | 19,223 |
| Premium receivables | 57,222 | 45,893 |
| Commission and fees receivable | 55,377 | 9,419 |
| Reinsurance recoverable on paid and unpaid losses | 306,191 | 164,997 |
| Deferred ceded premium | 148,300 | 110,407 |
| Deferred acquisition costs | 8,572 | 10,960 |
| Intangible assets, less accumulated amortization | 344,775 | 61,403 |
| Goodwill | 418,234 | 69,694 |
| Other assets | 92,317 | 65,817 |
| Assets held-for-sale | 6,267,200 | 7,516,456 |
| Total assets | $8,058,378 | $8,428,320 |
| Liabilities and Stockholders’ Equity: | ||
| Liabilities: | ||
| Unearned premiums | $182,446 | $154,878 |
| Loss and loss adjustment expense reserves | 349,062 | 197,089 |
| Ceded premiums payable | 53,002 | 29,666 |
| Deferred program fees and reinsurance commissions | 7,500 | 5,777 |
| Commissions payable | 71,431 | 6,932 |
| Deferred taxes | 70,135 | — |
| Short-term debt | 150,000 | — |
| Accrued interest payable | 2,560 | — |
| Other liabilities | 89,036 | 60,419 |
| Liabilities held-for-sale | 5,887,685 | 6,541,866 |
| Total liabilities | 6,862,857 | 6,996,627 |
| Commitments and contingencies (See Note 19) | ||
| Redeemable noncontrolling interest | 140,860 | 17,079 |
| Stockholders’ equity: | ||
| Preferred stock, par value $0.01 per share; 20,000,000 shares authorized shares; issued and outstanding shares—none | — | — |
| Common stock, par value $0.01 per share; 130,000,000 shares authorized; issued shares: 48,875,167 and 46,659,144 | 489 | 467 |
| Additional paid-in capital | 331,007 | 291,761 |
| Accumulated other comprehensive income (loss) | (188,436) | (160,047) |
| Retained earnings | 742,185 | 1,246,048 |
| Treasury stock, shares at cost: 2,368,194 and 1,463,774 | (28,339) | (16,573) |
| Total Ambac Financial Group, Inc. stockholders’ equity | 856,906 | 1,361,656 |
| Nonredeemable noncontrolling interest | 197,755 | 52,958 |
| Total stockholders’ equity | 1,054,661 | 1,414,614 |
| Total liabilities, redeemable noncontrolling interest and stockholders’ equity | $8,058,378 | $8,428,320 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.