NYSE$OSG

Octave Specialty Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ambac reported a net loss attributable to common stockholders and an adjusted loss for the quarter ended December 31, 2019.

Ambac Financial Group, Inc. reported a Net Loss attributable to common stockholders of $110 million or a net loss of $2.40 per diluted share and an Adjusted Loss of $88 million or a net loss of $1.91 per diluted share for the quarter ended December 31, 2019. The results were impacted by an increase in loss and loss expense reserves related to Puerto Rico and RMBS partially offset by derivative contract gains.

  • Net premiums earned were $20 million.
  • Net investment income was $42 million.
  • Net realized investment gains were $9 million.
  • Losses and loss expenses were $97 million.

Headline financials

Total Revenue

$91M

Previous: $52M+75.2%
EPS (adj)

-$1.91

Previous: $0.24-895.8%
Net Income

-$110M

Previous: -$20.5M-437.7%
Operating Income

-$111M

No prior period
Gross Profit

$90M

Previous: $52M+73.2%
Cash & Equivalents

$24M

Previous: $63M-61.9%
Total Assets

$13.3B

Previous: $14.6B-8.7%
Stock-Based Comp

$2.3M

Previous: $1.38M+66.9%

Revenue & EPS history

Ambac · Revenue · Quarterly

$91M

Q4 2019+75.2%vs Q4 2018
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Ambac · $14.6M total across 1 segment · Q3 2023

  • Insurance Distribution
    $14.6M+100.0%

Forward guidance

Ambac intends to capitalize on the momentum in 2020 and will continue to execute on its priorities and actively seek to identify opportunities that will further its goal of increasing long-term value for its shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.4%

Avg return

30 days after

47%

24 / 51 earnings

Positive

+23.0%

Q1 2024

Best reaction

-19.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.7%+26.9%+24.9%
Q3 2025+15.6%+9.6%-3.7%
Q2 2025-15.9%-0.8%+9.8%
Q1 2025-19.9%-3.7%-18.6%
Q4 2024-10.8%-22.4%-25.8%
Q3 2024+11.0%+6.3%+13.9%
Q1 2024+23.0%+23.8%-5.9%
Q4 2023+1.6%-2.9%-6.2%
Q3 2023+7.2%+17.1%+19.9%
Q2 2023-5.1%-1.9%-8.3%
Q1 2023-3.1%-3.1%-7.1%
Q4 2022+5.4%+4.3%-7.3%
Q3 2022+0.7%+12.0%+21.7%
Q2 2022+15.5%+33.6%+31.3%
Q1 2022+6.2%+15.1%+51.7%
Q4 2021-6.5%-14.0%-38.3%
Q3 2021-4.0%-2.5%-7.9%
Q2 2021-3.7%-1.0%-3.7%
Q1 2021-11.4%-16.5%-9.2%
Q4 2020-1.1%+0.2%-1.2%
Q3 2020+12.2%+10.0%+36.8%
Q2 2020+2.5%+4.7%-3.5%
Q1 2020-16.4%-25.1%-15.3%
Q4 2019-1.6%-2.3%-40.8%
Q3 2019-0.1%-0.4%+1.3%
Q2 2019+0.1%+1.6%+1.8%
Q1 2019-8.5%-8.8%-20.0%
Q4 2018+3.6%+2.3%-7.9%
Q3 2018-10.1%-12.3%-22.3%
Q2 2018+5.8%+5.4%+2.0%
Q1 2018+8.3%+10.2%+17.5%
Q4 2017+0.1%-0.9%+3.4%
Q3 2017-13.9%-9.7%-3.2%
Q2 2017-0.5%-4.4%-10.7%
Q1 2017-5.6%-5.8%-7.1%
Q4 2016-0.5%+1.8%-15.4%
Q3 2016+9.8%+14.5%+35.6%
Q2 2016-4.1%-3.9%+1.3%
Q1 2016-1.2%
Q4 2015+9.0%
Q3 2015-6.2%
Q2 2015+14.4%
Q1 2015+6.4%
Q4 2014-0.9%
Q3 2014+5.8%
Q2 2014-2.4%
Q1 2014+0.5%
Q4 2013-0.2%
Q3 2013+7.3%
Q4 2012+7.3%
Q2 2013-1.4%
Q1 2013
Q3 2012
Q2 2012
Q1 2011
Q1 2012
Q4 2010
Q4 2011
Q3 2010
Q3 2011
Q2 2010
Q2 2011
Q1 2010

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