Ambac(AMBC) - 2023 Q4 - Annual Results

Exhibit 99.1 Ambac Reports Fourth Quarter 2023 Results NEW YORK, NY, February 27, 2024 (BUSINESS WIRE) -- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported its results for the fourth quarter and year ended December 31, 2023. • Net loss of $(16) million or $(0.24) per diluted share and Adjusted net income of $10 million or $0.32 per diluted share in the fourth quarter of 2023 • Legacy Financial Guarantee segment generated net loss of $(12) milli ...