Ambac(AMBC) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Ambac Reports Third Quarter 2024 Results and Approval of a $50 Million Stock Repurchase Program NEW YORK, NY, November 12, 2024 (BUSINESS WIRE) -- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights • Net loss of $(28) million or $(0.63) per diluted share and Adjusted net loss of $(19) million or $(0.46) per diluted share driven by approximately $20 m ...