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Ambac Financial's (AMBC) CEO Claude LeBlanc on Q4 2017 Results - Earnings Call Transcript

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Ambac Financial Group, Inc. (NYSE:AMBC) Q4 2017 Earnings Conference Call March 1, 2018 8:30 AM ET


Lisa Kampf - IR

Claude LeBlanc - CEO

David Trick - CFO


Andrew Gadlin - Odeon Capital Group

Mark Palmer - BTIG

Andrew Hain - Stifel

Ben Clifford - Nomura Securities

Charles Post - Sterling Grace Municipal Securities


Greetings and welcome to the Ambac Financial Inc. Fourth Quarter 2017 Earnings Call. At this time all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]

It is now my pleasure to introduce your hosts Ms. Lisa Kampf, Head of Investor Relations; Claude LeBlanc, Chief Executive Officer; and David Trick, Chief Financial Officer.

I will now turn the call over to Lisa.

Lisa Kampf

Good morning, and thank you all for joining today's conference call to discuss Ambac Financial Group's fourth quarter financial results. We'd like to remind you that today's presentation may contain forward-looking statements, which are based on management's current expectations and are subject to uncertainty and changes in circumstances. Any forward-looking statements are not guarantees of future performance of events. Actual performance and events may differ, possibly materially from such forward-looking statements.

Factors that could cause this include the factors described in our most recent SEC-filed quarterly or Annual Reports under Management's Discussion and Analysis of Financial Condition and Results of Operation and under Risk Factors. Ambac is not under any obligation, and expressly disclaims any obligation to update any forward-looking statement whether as a result of new information, future events, or otherwise.

Today's presentation contains non-GAAP financial measures. The reconciliations of such measures to the most comparable GAAP figures are included in our earnings press release, which is available on our website at ambac.com. Please note we have posted slides on our website to

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Comments (3)

ggravelle profile picture
This company is seriously undervalued.
AMBAC owned $ 4 - 4,6 Billiond of there insured PRIFA 29% and 58% COFINA bonds, said the CEO. AND as a key driver, he want´s to sell this in the future.

Picture to the source: http://bit.ly/2t5rUlY
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