Ambac Assurance Corp
Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 99.4% of capital. Fair profitability index (3.1) with operating losses during 2020, 2021, 2023 and 2024. Return on equity has been low, averaging 4.8% over the past five years. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states except TN, also licensed in PR, VI
Principal Investments:
Investment grade bonds (67.4%), non investment grade bonds (11.8%), cash (0.1%), other (20.7%)
Corporate Info
Group Affiliation
Ambac Financial Group Inc
Investment Rating
--
Company Address
Harborside Plaza 10
Jersey City, NJ 07302
Jersey City, NJ 07302
Phone Number
(212) 658-7470
NAIC Number
18708
Website
Largest Affiliates