Ambac Financial Group Inc. released its financial results for the three months ended March 31, 2025. The company's consolidated gross premiums written stood at $86.915 million, with net premiums written totaling $18.005 million. Ambac reported an adjusted EBITDA from continuing operations of $3.713 million, with the amount attributable to Ambac shareholders being negative, at $(1.287) million. The company recorded a net loss from continuing operations of $(14.490) million, significantly widening the loss compared to the previous period. Adjustments included acquisition and integration-related expenses, equity-based compensation, and severance and restructuring expenses, contributing to the swing in net income. Ambac believes that adjusted EBITDA and adjusted net income are appropriate measures of operating performance, as they exclude income and expenses that may obscure business performance. The results reflect the company's ongoing adjustments and restructuring efforts aimed at enhancing operational efficiency.
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