WEB Ambac Reports Outstanding Second Quarter 2024 Results
Continued Growth and Acquisition Drive Financial Success
Ambac Financial Group Inc. (AFG) announced its impressive financial results for the second quarter of 2024, showcasing continued growth and the successful acquisition of Beat Capital Partners.
The company experienced significant growth in gross premium written (GPW) and net premium written (NPW) compared to the second quarter of 2023. Adjusted net income loss improved to $83 million or $0.18 per diluted share for the second quarter of 2024, demonstrating operational efficiency and financial resilience.
Additionally, Ambac completed the acquisition of Beat Capital Partners, a strategic move that will enhance the company's capabilities and expand its market reach. This acquisition is expected to contribute to future growth and profitability for Ambac.
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