AMBAC FINANCIAL GROUP INC
For the period ended Sep 30, 2025. Filed Nov 10, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 10, 2025
OSG$5.41+2.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income (loss) | $(229,418) | $(9,042) |
| Net income (loss) from discontinued operations | (163,288) | 28,936 |
| Net income (loss) from continuing operations | (66,130) | (37,978) |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Intangible amortization and depreciation | 28,663 | 10,332 |
| Share-based compensation | 6,924 | 5,512 |
| Unearned premiums, net | 2,081 | 11,215 |
| Losses and loss expenses, net | (45,794) | 7,115 |
| Ceded premiums payable | 34,633 | 78,175 |
| Premium and commissions receivables | (37,961) | (68,442) |
| Commissions payable | 37,886 | 67,287 |
| Corporate costs reallocated to continuing operations | 6,786 | 11,258 |
| Other, net | (18,705) | (8,080) |
| Net cash provided by (used in) operating activities from continuing operations | (51,617) | 76,394 |
| Cash flows from investing activities: | ||
| Proceeds from sales of bonds | 26,061 | 26,906 |
| Proceeds from matured bonds | 28,602 | 17,206 |
| Purchases of bonds | (24,475) | (40,037) |
| Purchases of other investments | (66) | (16,607) |
| Change in short-term investments | (168,161) | 40,147 |
| Acquisitions, net of cash acquired | 589 | (276,857) |
| Proceeds from sale of subsidiary | 407,300 | 14,119 |
| Other, net | (4,479) | (10,550) |
| Net cash provided by (used in) investing activities from continuing operations | 265,371 | (245,673) |
| Cash flows from financing activities: | ||
| Proceeds from short-term debt | — | 147,200 |
| Issuance of equity interest in subsidiary | — | 62,000 |
| Payments for purchases of common stock held in treasury | (3,301) | — |
| Payments for extinguishment of short-term debt | (150,000) | — |
| Tax payments related to shares withheld for share-based compensation plans | (1,689) | (692) |
| Issuance of warrants | 17,000 | — |
| Distributions to noncontrolling interest holders | (1,391) | (1,676) |
| Acquisitions of noncontrolling interest shares | (71,345) | — |
| Net cash provided by (used in) financing activities from continuing operations | (210,726) | 206,832 |
| Effect of foreign exchange on cash and cash equivalents - continuing operations | 1,464 | — |
| Net cash provided by (used in) continuing operations | 4,492 | 37,553 |
| Cash, cash equivalents, and restricted cash at beginning of period - continuing operations | 47,275 | 19,223 |
| Cash, cash equivalents, and restricted cash at end of period - continuing operations | 51,767 | 56,776 |
| Net cash provided by (used in) operating activities from discontinued operations | 71,728 | 13,842 |
| Net cash provided by (used in) investing activities from discontinued operations | 69,712 | (78,757) |
| Net cash provided by (used in) financing activities from discontinued operations | (143,144) | (130,758) |
| Net cash provided by (used in) discontinued operations | (1,704) | (195,673) |
| Effect of foreign exchange on cash and cash equivalents - discontinued operations | — | 425 |
| Cash, cash equivalents, and restricted cash at beginning of period - discontinued operations | 66,077 | 255,183 |
| Cash disposed of related to sale of discontinued operations | $(64,373) | $— |
| Cash, cash equivalents, and restricted cash at end of period - discontinued operations | $— | $59,935 |
| Ambac Financial Group, Inc. | 7 | Third Quarter 2025 Form 10-Q |
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