Ambac Financial Reports Q3 Earnings (ABKFQ)

Ambac Financial Group

reported Q3 earnings after the bell today of $0.25 per share. Net premiums earned for the third quarter of 2010 were $143.1 million, down 40% from $238.4 million earned in the third quarter of 2009. Financial guarantee interest expense for the third quarter of 2010 amounted to $27.5 million. Ambac Financial Group, Inc. is a primarily a holding company. The company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac's activities are divided into two business segments: Financial Guarantee and Financial Services.