AMBC (Ambac Financial Group) Tax Rate % : 17.95% (As of Dec. 2024)

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What is Ambac Financial Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Ambac Financial Group's Tax Expense for the three months ended in Dec. 2024 was $-10.9 Mil. Ambac Financial Group's Pre-Tax Income for the three months ended in Dec. 2024 was $-60.8 Mil. Therefore, Ambac Financial Group's Tax Rate % for the quarter that ended in Dec. 2024 was 17.95%.

Ambac Financial Group Tax Rate % Historical Data

The historical data trend for Ambac Financial Group's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ambac Financial Group Tax Rate % Chart

Ambac Financial Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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0.68

900.00

1.29

4.08

1.54

Ambac Financial Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															15.30	19.23	100.00	-11.11	17.95

Ambac Financial Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Ambac Financial Group's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	-0.924	/	-59.845
	=	1.54 %

Ambac Financial Group's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	-10.924	/	-60.845
	=	17.95 %

Ambac Financial Group Tax Rate % Related Terms

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Ambac Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ambac Financial Group Inc (NYSE:AMBC) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

FGPN:Germany FGPN:Germany

Address

One World Trade Center, New York, NY, USA, 10007

Website

https://www.ambac.com

Ambac Financial Group Inc is a financial services holding company. It operates in two principal businesses segments: Insurance Distribution and Specialty Property & Casualty Insurance. Insurance Distribution segment includes Managing General Agents, Underwriters and other appointed and delegated underwriting businesses (collectively MGAs or MGA/Us), an insurance broker, and other distribution and underwriting businesses. Specialty Property & Casualty Insurance includes five carriers (collectively, Everspan). Key revenue is generated from Insurance Distribution.

Executives

Kristi Ann Matus	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
R Sharon Smith	officer: Senior Managing Director	ONE STATE STREET PLAZA, NEW YORK NY 10004
Jeffrey Scott Stein	director	601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Michael D Price	director	67 ORCHARD DRIVE, NEW CANAAN CT 06840
Claude Leblanc	director, officer: Chief Executive Officer	ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
David Trick	officer: Sr. MD., CFO & Treasurer	AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Stephen Michael Ksenak	officer: Sr. MD & General Counsel	AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
C James Prieur	director
Lisa G Iglesias	director	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Daniel Mcginnis	officer: Sr. MD & COO	C/O AMBAC FINANCIAL GROUP, INC., ONE WORLD TRADE CENTER, 41ST FLOOR, NEW YORK NY 10007
Robert Bryan Eisman	officer: Sr. MD & CAO	AMBAC FINANCIAL GROUP INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Joan M Lammtennant	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
David Barranco	officer: Senior Managing Director	C/O AMBAC FINANCIAL GROUP INC, ONE STATE STREET PLAZA, NEW YORK NY 10004
Tavakoli Nader	director	551 FIFTH AVE 334TH FL, NEW YORK NY 10176
Alexander David Greene	director	3200 INDUSTRIAL PARK ROAD, VAN BUREN AR 72956