Ambac(US:AMBC)2025-05-13 16:10First Quarter 2025 Highlights - P&C premium production increased by 70% to approximately $318 million[5] - Total revenue increased by 27% to approximately $63 million[5] - Beat Capital contributed over $20 million of revenue, up approximately 40%[5] Cirrata: Insurance Distribution - Premium placed increased 156% to $231 million[9] - Total revenue increased 129% to $41 million over prior year[9] - Adjusted EBITDA of $12 million with a margin of 29%[9] - Adjusted EBITDA to shareholders of $7 million with a margin of 17%[9] Everspan: Specialty P&C Program Insurer - Gross Written Premiums (GPW) was $87 million, down 10% compared to 1Q2024[12] - 67% of 1Q25 GPW is E&S lines[12] - Loss ratio of 669% compared to 757% for 1Q2024[12] - Combined ratio of 1021% vs 984% for 1Q2024[12]