DALLAS, Nov. 6, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Ambac Financial Group Inc. (NYSE:ABK). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Ambac Financial Group Inc. (NYSE:ABK) should be of particular interest to comparable companies: American International Group Inc. (NYSE:AIG), AXA (NYSE:AXA), Assured Guaranty Ltd. (NYSE:AGO) and MBIA Inc. (NYSE:MBI).
It is available at: http://www.investorsoup.com/lp/ABK
Get our alerts BEFORE the rest of the market. Follow us on Twitter: www.twitter.com/investorsoup
Ambac Financial Group Inc. (ABK) 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. ABK's activities are divided into two business segments, The Financial Guarantee segment and The Financial Services segment.
In the report, the analyst notes:
"Total net loss and loss expenses were $1,230.8 million in the second quarter 2009, compared to a net reduction in loss reserves amounting to ($339.3) million recorded in the second quarter of 2008. Losses and loss expenses in the second quarter 2009 were primarily related to second-lien and Alt-A RMBS insured securities as continued deterioration beyond that which had been expected at March 31, 2009, continues to be observed.
"ABK announced earlier this year that it has postponed its efforts to launch Everspan Financial Guarantee Corp. (Everspan). It will, however, continue to focus on its ongoing loss mitigation efforts and other new business initiatives. ABK had been seeking to launch Everspan in order to write financial guarantee insurance in the public finance market as a separate, stand-alone legal entity. To launch the business, it was essential that it receive sufficient financial strength ratings to enable Everspan to successfully compete in the targeted market. Everspan was seeking to raise third party capital in addition to any amounts contributed by Ambac Assurance Corporation in order to achieve such ratings. Although ABK engaged in discussions with third parties to raise capital for Everspan, none of these discussions have resulted in a satisfactory outcome."
To read the entire report visit: http://www.investorsoup.com/lp/ABK
See what investors say about these stocks at: http://www.stockhideout.com/
InvestorSoup.com is a small-cap research and investment commentary provider striving to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com
InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.