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Ambac Financial Group (ABK)

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Michael A. Callen , CEO/Chairman of the Board/Director/President

www.ambac.com

Industry: Finance

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Overview

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Financials

Overview

A holding company whose subsidiaries provide financial guarantee products and other financial services to clients in both the public and private sectors around the world.

Portfolio Articles

Here Come the Suits
A tsunami of mortgage-related securities class actions has started already.
Apr 03 2008
Amblech
Investors are disappointed in bond insurer's capital plan.
Mar 05 2008
California Freedom
State says no to muni bond insurance.
Mar 04 2008
Wilbur Makes Good
Investor takes a big stake in a bond insurer.
Feb 29 2008
Bond Insurer Break-Up
F.G.I.C. plans split after call by New York authorities.
Feb 15 2008

See more news on this company

News Feeds

Closing Glance: Insurers rise AP
Jul 08 2008
Ambac says has enough funds to meet obligations Reuters
Jul 07 2008
Ambac Financial says it has enough liquidity AP
Jul 07 2008
Ambac seeks approval to fund Connie Lee unit AP
Jul 07 2008
Ambac board approves stock repurchase AP
Jul 03 2008
MBIA sold $4 bln of assets to meet obligations Reuters
Jun 30 2008
Bond, mortgage insurers mixed after Russell move AP
Jun 30 2008
Fitch withdraws ratings for Ambac, MBIA AP
Jun 26 2008
Ambac Financial chairman and CEO buys shares AP
Jun 25 2008
Buffett's bond insurer may profit from rating cuts AP
Jun 20 2008

Portfolio Blogs

Ouch
Jan 04 2008

Press Releases

Ambac Provides Financial Details Related to Collateral Requirements of Its Investment Agreement Business Jul-07-2008, 05:19PM EDT
Ambac Seeks Approval for Connie Lee Capitalization Jul-07-2008, 12:36PM EDT
Paul DeRosa Appointed to Ambac Board of Directors Jul-03-2008, 09:29AM EDT
Zacks Sell List Highlights: New York Times Co, Ambac Financial Group Inc., Dow Chemical Co. & Chipotle Mexican Grill Jun-26-2008, 02:41PM EDT
Ambac Announces Decision to Terminate Ratings Contract with Fitch Ratings Inc. Jun-18-2008, 12:12PM EDT

News From Around the Web

News

Million Dollar Portfolio Challenge: Trades of the Day (CNBC)

Jul 09 2008
Ambac’s CDO Woes (SeekingAlpha)

Jul 09 2008
Stocks to watch (MarketWatch)

Jul 09 2008
Ambac soars 50% on collateral posting (Fortune)

Jul 08 2008
Shares of bond insurer Ambac surge 50% after collateral disclosure (MarketWatch)

Jul 08 2008
Financial Winners & Losers: IndyMac (The Street)

Jul 08 2008
Ambac says has enough funds to meet obligations (Boston Globe)

Jul 08 2008
Ambac Says Rating Downgrades Trigger Collateral Calls; May Need More Funds (Bloomberg)

Jul 07 2008
Ambac Financial says it has enough liquidity (Businessweek)

Jul 07 2008
Ambac hopeful on approval for $850 mln Connie Lee capitalization (Washington Post)

Jul 07 2008

Blogs

Ambac Says It Has Enough Capital — For Now (DealBook)

Jul 08 2008

Employees

Number of Employees: 367

Revenue per Employee: $0

Top Executives

David W. Wallis, Other Corporate Officer/Chief Risk Officer

Robert G. Shoback, Other Corporate Officer

Douglas C. Renfield-Miller, Executive VP

Kathleen A. McDonough, Managing Director

Kevin J. Doyle, Senior VP/General Counsel

Gregg L. Bienstock, Chief Administrative Officer/Senior VP/Other Corporate Officer

John W. Uhlein, III, Executive VP

Thomas J. Gandolfo, Managing Director

Sean T. Leonard, CFO/Senior VP/Chief Accounting Officer

Board of Directors

Henry D.G. Wallace, Director

Laura S. Unger, Director

Philip Duff, Director

Thomas C. Theobald, Director

Jill M. Considine, Director

Financials

Quarterly

Annual

Income Statement	04/2008	01/2008	10/2007	07/2007
Sales	NA	4.76 Bil.	NA	NA
Gross Operating Profit	144.13 Mil.	-4.76 Bil.	-472.66 Mil.	254.14 Mil.
Operating Income before D & A (EBITDA)	144.13 Mil.	-4.76 Bil.	-472.66 Mil.	254.14 Mil.
Total Income Before Interest Expenses (EBIT)	144.13 Mil.	-4.76 Bil.	-472.66 Mil.	254.14 Mil.
Total Net Income	-1.66 Bil.	-3.26 Bil.	-360.61 Mil.	173.04 Mil.
Basic EPS, Total	-11.69	-31.85	-3.53	1.69
Diluted EPS, Total	-11.69	-31.85	-3.53	1.67

BALANCE STATEMENT	04/2008	01/2008	10/2007	07/2007
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	1.3 Bil.	2.28 Bil.	NA	NA

Cash Flow	04/2008	01/2008	10/2007	07/2007
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	NA	NA	-1.94 Bil.	-936.25 Mil.
Net Cash From Financing Activities	NA	NA	1.1 Bil.	495.92 Mil.
Net Change in Cash & Cash Equivalents	NA	NA	-5.05 Mil.	3.86 Mil.

Income Statement	2008	2007	2006	2005
Sales	4.19 Bil.	NA	NA	NA
Gross Operating Profit	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Operating Income before D & A (EBITDA)	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Total Income Before Interest Expenses (EBIT)	-4.19 Bil.	1.65 Bil.	1.37 Bil.	1.21 Bil.
Total Net Income	-3.23 Bil.	875.91 Mil.	751.01 Mil.	724.55 Mil.
Basic EPS, Total	-31.38	8.22	6.94	6.61
Diluted EPS, Total	-31.38	8.15	6.87	6.53

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	NA	NA	NA	NA
Total Assets	NA	NA	NA	NA
Total Liabilities	NA	NA	NA	NA
Total Capitalization	2.28 Bil.	NA	NA	NA

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	NA	NA	NA	NA
Net Cash From Investing Activities	NA	-1.51 Bil.	-1.46 Bil.	-1.61 Bil.
Net Cash From Financing Activities	NA	613.22 Mil.	465.03 Mil.	655.28 Mil.
Net Change in Cash & Cash Equivalents	NA	4.25 Mil.	8.34 Mil.	-4.58 Mil.

Ambac Financial Group (ABK)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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