Ambac Financial Reports Q1 Adj. EPS Of $7.22

WASHINGTON (dpa-AFX) - Ambac Financial Group, Inc. (AMBC) reported net income of $305.7 million, or $6.70 per diluted share for the first quarter of 2018. Adjusted earnings in the first quarter of 2018 were $329.8 million, or $7.22 per share. During the first quarter of 2018, net premiums earned were $30.9 million, while net investment income was $110.2 million.

Adjusted Book Value per share increased $7.22 to $31.56 at March 31, 2018 from December 31, 2017.

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