Ambac

Ambac Financial Group, Inc.
Company typePublic
IndustryFinancial services
FoundedNew York City, U.S. (1971)
HeadquartersNew York City, U.S.
RevenueIncrease US$3.91 Billion (FY 2009)[1]
Increase US$725 Million (FY 2009)[1]
Decrease US$-14.6 Million (FY 2009)[1]
Total assetsIncrease US$18.9 Billion (FY 2009)[2]
Total equityIncrease US$-2.29 Billion (FY 2009)[2]
Number of employees
113
SubsidiariesAmbac Assurance Corporation
Everspan Financial Insurance Company
Websiteambac.com

The Ambac Financial Group, Inc., generally known as Ambac (originally the American Municipal Bond Assurance Corporation), is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance to clients in both the public and private sectors globally. Ambac Assurance is a guarantor of public finance and structured finance obligations. Its common stock and common stock purchase warrants are listed on the NYSE[3] under the symbols AMBC and AMBCW respectively. Ambac is regulated by the insurance commission of Wisconsin. It has its headquarters in Lower Manhattan, New York City.[4][5]

Ambac Financial Group's subsidiaries include Ambac Assurance Corporation and Everspan Financial Insurance Company.[6]

  1. ^ a b c Ambac Financial Group (ABK) annual SEC income statement filing via Wikinvest
  2. ^ a b Ambac Financial Group (ABK) annual SEC balance sheet filing via Wikinvest
  3. ^ "Ambac to Transfer Listing to NYSE". Ambac Financial Group, Inc. Retrieved 2020-02-06.
  4. ^ "Contact Us Archived 2010-09-20 at the Wayback Machine." Ambac Financial Group. Retrieved on December 11, 2009.
  5. ^ "Ambac: About US". Ambac Corporate Website.
  6. ^ "SEC 2018 Form 10-K". February 28, 2019.

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