Financial Snapshot

Revenue
$360.0M
TTM
Gross Margin
128.84%
TTM
Net Earnings
$74.00M
TTM
Current Assets
Current Liabilities
$500.0M
Q2 2024
Current Ratio
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$1.436B
Q2 2024
Cash
Q2 2024
P/E
7.071
Sep 13, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Revenue $269.0M $505.0M $282.0M $156.0M $496.0M $511.0M $622.0M $506.8M $670.2M $429.2M $1.269B $685.7M $295.8M $499.3M $5.488B -$2.696B -$4.215B $1.832B $1.614B $1.402B $1.272B $958.6M $946.8M $904.3M $533.3M $457.0M $381.8M $452.9M $282.3M $225.0M $288.3M $220.1M $187.3M $164.1M $157.0M
YoY Change -46.73% 79.08% 80.77% -68.55% -2.94% -17.85% 22.74% -24.38% 56.15% -66.17% 85.03% 131.84% -40.76% -90.9% -303.55% -36.03% -330.06% 13.51% 15.16% 10.17% 32.71% 1.25% 4.7% 69.57% 16.7% 19.7% -15.7% 60.43% 25.47% -21.96% 30.99% 17.51% 14.14% 4.52% -1.2%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Revenue $269.0M $505.0M $282.0M $156.0M $496.0M $511.0M $622.0M $506.8M $670.2M $429.2M $1.269B $685.7M $295.8M $499.3M $5.488B -$2.696B -$4.215B $1.832B $1.614B $1.402B $1.272B $958.6M $946.8M $904.3M $533.3M $457.0M $381.8M $452.9M $282.3M $225.0M $288.3M $220.1M $187.3M $164.1M $157.0M
Cost Of Revenue -$33.00M -$396.0M
Gross Profit $302.0M $901.0M
Gross Profit Margin 112.27% 178.42%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Selling, General & Admin $156.0M $141.0M $5.000M $4.000M $7.000M $34.10M $235.0M $424.6M $359.9M $239.3M $168.9M $196.3M $231.3M $235.4M $283.0M
YoY Change 10.64% 2720.0% 25.0% -42.86% -85.49% -44.65% 17.98% 50.4% 41.68% -13.96% -15.13% -1.74% -16.82%
% of Gross Profit 51.66% 15.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.000M $2.000M $57.00M $58.00M $295.0M $108.0M $151.9M $175.8M $172.8M $155.4M $102.7M $25.47M $21.33M $3.600M $3.000M $3.200M $2.700M $2.900M $4.300M $2.900M $3.200M $3.500M $3.500M $3.600M $3.000M $2.500M $1.900M $2.000M $4.800M $6.100M $5.700M $4.600M $2.400M $2.500M $1.900M
YoY Change 0.0% -96.49% -1.72% -80.34% 173.15% -28.9% -13.59% 1.74% 11.2% 51.31% 303.3% 19.4% 492.44% 20.0% -6.25% 18.52% -6.9% -32.56% 48.28% -9.38% -8.57% 0.0% -2.78% 20.0% 20.0% 31.58% -5.0% -58.33% -21.31% 7.02% 23.91% 91.67% -4.0% 31.58% 58.33%
% of Gross Profit 0.66% 0.22%
Operating Expenses $155.0M $139.0M $94.00M $374.0M $412.0M -$4.100M $786.4M $276.8M -$496.5M -$292.2M -$10.20M $822.6M $2.001B $973.8M $3.056B $2.737B $854.1M $546.6M $535.5M $370.5M $368.4M $351.6M $338.3M $384.7M $85.60M $88.30M $71.50M $53.00M $45.60M $35.40M $32.60M $32.10M $34.10M $28.40M $24.00M
YoY Change 11.51% 47.87% -74.87% -9.22% -10148.78% -100.52% 184.1% -155.75% 69.92% 2764.71% -101.24% -58.89% 105.46% -68.13% 11.66% 220.44% 56.26% 2.07% 44.53% 0.57% 4.78% 3.93% -12.06% 349.42% -3.06% 23.5% 34.91% 16.23% 28.81% 8.59% 1.56% -5.87% 20.07% 18.33% -56.44%
Operating Profit $147.0M $762.0M
YoY Change -80.71%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Interest Expense $64.00M $168.0M -$192.0M -$226.0M -$269.0M -$242.3M -$119.9M -$124.3M -$116.5M -$127.5M -$116.0M -$112.3M -$128.1M -$181.3M -$119.6M -$114.2M -$85.70M -$75.30M -$55.90M -$54.30M -$54.20M -$43.70M -$40.40M -$37.50M -$36.50M -$32.80M -$21.30M -$20.90M -$20.90M -$18.80M -$15.80M -$14.20M -$6.300M
YoY Change -61.9% -187.5% -15.04% -15.99% 11.02% 102.09% -3.54% 6.7% -8.63% 9.91% 3.29% -12.33% -29.34% 51.59% 4.73% 33.26% 13.81% 34.7% 2.95% 0.18% 24.03% 8.17% 7.73% 2.74% 11.28% 53.99% 1.91% 0.0% 11.17% 18.99% 11.27% 125.4%
% of Operating Profit 43.54% 22.05%
Other Income/Expense, Net -$11.00M -$3.000M $1.000M -$6.500M -$7.100M -$2.900M -$3.500M -$1.500M $9.100M $7.500M -$3.000M $0.00 $0.00 $0.00
YoY Change 266.67% -400.0% -8.45% 144.83% -17.14% 133.33% -116.48% 21.33% -350.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Pretax Income $12.00M $525.0M -$32.00M -$441.0M -$174.0M $264.0M -$451.0M $77.16M $510.1M $493.3M $3.860B -$256.5M -$1.883B -$753.0M $724.9M -$5.618B -$5.155B $1.210B $1.023B $976.8M $849.6M $563.3M $568.0M $482.1M $404.7M $328.9M $286.0M $375.5M $214.2M $179.9M $247.4M $170.7M $146.9M $135.6M $133.1M
YoY Change -97.71% -1740.63% -92.74% 153.45% -165.91% -158.54% -684.49% -84.87% 3.41% -87.22% -1604.96% -86.38% 150.06% -203.88% -112.9% 8.99% -525.94% 18.32% 4.71% 14.97% 50.83% -0.83% 17.82% 19.13% 23.05% 15.0% -23.83% 75.3% 19.07% -27.28% 44.93% 16.2% 8.33% 1.88% 28.23%
Income Tax $7.000M $2.000M $18.00M -$3.000M $32.00M $5.000M $44.00M $30.71M $17.40M $9.600M $8.300M $2.849M $77.42M $100.0K $739.5M -$9.200M -$1.899B $334.3M $271.8M $250.9M $221.5M $131.4M $135.0M $116.0M $96.70M $74.90M $63.00M $99.20M $46.60M $38.80M $68.00M $40.50M $33.20M $30.10M $36.70M
% Of Pretax Income 58.33% 0.38% 1.89% 39.8% 3.41% 1.95% 0.22% 102.01% 27.62% 26.57% 25.69% 26.07% 23.33% 23.77% 24.06% 23.89% 22.77% 22.03% 26.42% 21.76% 21.57% 27.49% 23.73% 22.6% 22.2% 27.57%
Net Earnings $4.000M $522.0M -$17.00M -$437.0M -$216.0M $186.0M -$329.0M $74.84M $493.4M $484.1M $3.854B -$256.7M -$1.960B -$753.2M -$14.60M -$5.609B -$3.248B $875.9M $751.0M $724.6M $618.9M $432.6M $432.9M $366.2M $307.9M $254.0M $223.0M $276.3M $167.6M $141.1M $179.3M $130.2M $113.7M $105.6M $96.40M
YoY Change -99.23% -3170.59% -96.11% 102.31% -216.13% -156.53% -539.59% -84.83% 1.92% -87.44% -1601.61% -86.91% 160.28% 5058.9% -99.74% 72.69% -470.84% 16.63% 3.64% 17.08% 43.07% -0.07% 18.21% 18.93% 21.22% 13.9% -19.29% 64.86% 18.78% -21.31% 37.71% 14.51% 7.67% 9.54% 26.51%
Net Earnings / Revenue 1.49% 103.37% -6.03% -280.13% -43.55% 36.4% -52.89% 14.77% 73.62% 112.79% 303.8% -37.43% -662.84% -150.85% -0.27% 47.81% 46.53% 51.7% 48.65% 45.13% 45.72% 40.5% 57.73% 55.58% 58.41% 61.01% 59.37% 62.71% 62.19% 59.15% 60.7% 64.35% 61.4%
Basic Earnings Per Share $0.18 $11.48 -$0.61 -$9.47 -$4.69 $4.07 -$7.25 $1.66 -$0.85 -$6.48
Diluted Earnings Per Share $0.18 $11.31 -$0.61 -$9.47 -$4.69 $3.99 -$7.25 $1.64 $10.73M $10.32M $83.25M -$0.85 -$6.48 -$2.558M -$50.76K -$22.31M -$31.57M $8.148M $6.865M $6.534M $5.657M $3.965M $3.975M $3.410M $2.878M $2.374M $2.088M $2.604M $1.577M $1.320M $1.693M $1.236M $1.083M $1.006M $918.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $28.00M $44.00M $17.00M $20.00M $24.00M $63.00M $624.0M $91.00M $36.00M $74.00M $77.00M $44.00M $16.00M $9.000M $112.0M $108.0M $124.0M $32.00M $28.00M $20.00M $25.00M $26.00M $77.00M $45.00M $14.00M $8.000M $9.000M $8.000M $12.00M $4.000M $4.000M $0.00 $3.000M $0.00 $11.00M
Short-Term Investments
Other Short-Term Assets $221.0M $265.0M $501.0M $293.0M $489.0M $315.0M $303.0M $297.0M $325.0M $296.0M $268.0M $243.0M $218.0M $200.0M $183.0M $169.0M $153.0M $140.0M $161.0M $154.0M $0.00 $0.00 $0.00
YoY Change -16.6% -47.11% 70.99% -40.08% 55.24% 3.96% 2.02% -8.62% 9.8% 10.45% 10.29% 11.47% 9.0% 9.29% 8.28% 10.46% 9.29% -13.04% 4.55%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $259.0M $289.0M $926.0M $501.0M $500.0M $328.0M $305.0M $298.0M $329.0M $303.0M $281.0M $252.0M $996.0M $1.039B $472.0M $187.0M $168.0M $162.0M $180.0M $196.0M $1.000M $11.00M $3.000M
YoY Change -10.38% -68.79% 84.83% 0.2% 52.44% 7.54% 2.35% -9.42% 8.58% 7.83% 11.51% -74.7% -4.14% 120.13% 152.41% 11.31% 3.7% -10.0% -8.16% 19500.0% -90.91% 266.67%
Property, Plant & Equipment $19.00M $21.00M $23.00M $25.00M $25.00M
YoY Change -9.52% -8.7% -8.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.494B $6.389B $9.128B $9.896B $10.02B $10.97B $20.20B $19.79B $19.93B $20.63B $22.40B $24.17B $23.43B $24.78B $11.95B $11.09B $19.26B $18.06B $16.28B $16.17B $14.80B $13.38B $11.19B $9.019B $9.648B $9.422B $7.418B $5.234B $4.691B $3.764B $3.147B $1.820B $1.297B $1.098B $1.114B
YoY Change 1.64% -30.01% -7.76% -1.25% -8.67% -45.67% 2.07% -0.72% -3.38% -7.93% -7.3% 3.18% -5.48% 107.46% 7.7% -42.42% 6.67% 10.95% 0.64% 9.26% 10.61% 19.61% 24.06% -6.52% 2.4% 27.02% 41.73% 11.58% 24.63% 19.61% 72.91% 40.32% 18.12% -1.44%
Other Assets $246.0M $17.00M $7.000M $15.00M $57.00M $20.00M $1.000M $5.000M $6.000M $8.000M $17.00M $2.000M $5.000M $5.000M $12.00M $2.127B $2.116B $0.00 $0.00 $57.00M $0.00 $0.00 $0.00 $0.00 $45.00M $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 1347.06% 142.86% -53.33% -73.68% 185.0% 1900.0% -80.0% -16.67% -25.0% -52.94% 750.0% -60.0% 0.0% -58.33% -99.44% 0.52% -100.0% -100.0%
Total Long-Term Assets $26.86B $28.76B $17.96B $16.76B $23.22B $19.94B $18.24B $18.45B $16.42B $15.05B $12.06B $9.868B $10.35B $10.17B $7.820B $5.689B $5.141B $4.125B $3.627B $2.033B $1.431B $1.221B $1.184B
YoY Change -6.62% 60.12% 7.17% -27.83% 16.46% 9.31% -1.14% 12.39% 9.07% 24.83% 22.2% -4.65% 1.73% 30.09% 37.46% 10.66% 24.63% 13.73% 78.41% 42.07% 17.2% 3.13%
Total Assets $8.428B $7.973B $12.30B $13.22B $13.32B $14.59B $23.19B $22.64B $23.73B $25.16B $27.09B $27.09B $27.11B $29.05B $18.89B $17.26B $23.72B $20.27B $18.55B $18.75B $16.75B $15.36B $12.34B $10.12B $11.35B $11.21B $8.292B $5.876B $5.309B $4.287B $3.807B $2.229B $1.432B $1.232B $1.187B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $497.0M $452.0M $604.0M $547.0M $471.0M $376.0M $438.0M $423.0M $359.0M $307.0M $296.0M $232.0M $174.0M $65.00M $51.00M $69.00M $113.0M $105.0M $100.0M $280.0M $296.0M $236.0M $259.0M $382.0M $360.0M $352.0M $163.0M $88.00M $70.00M $2.101B $1.536B $425.0M $24.00M $21.00M $27.00M
YoY Change 9.96% -25.17% 10.42% 16.14% 25.27% -14.16% 3.55% 17.83% 16.94% 3.72% 27.59% 33.33% 167.69% 27.45% -26.09% -38.94% 7.62% 5.0% -64.29% -5.41% 25.42% -8.88% -32.2% 6.11% 2.27% 115.95% 85.23% 25.71% -96.67% 36.78% 261.41% 1670.83% 14.29% -22.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $415.0M $349.0M $3.537B $10.09B $6.842B $667.0M $808.0M $1.213B $946.0M $836.0M $315.0M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 18.91% -90.13% -64.95% 47.47% 925.79% -17.45% -33.39% 28.22% 13.16% 165.4%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $497.0M $452.0M $604.0M $553.0M $471.0M $378.0M $440.0M $521.0M $550.0M $474.0M $660.0M $691.0M $1.233B $1.242B $4.881B $13.53B $15.86B $9.275B $8.189B $8.590B $8.364B $8.478B $6.247B $5.304B $7.335B $7.130B $4.768B $2.849B $2.502B $2.101B $1.536B $444.0M $55.00M $21.00M $29.00M
YoY Change 9.96% -25.17% 9.22% 17.41% 24.6% -14.09% -15.55% -5.27% 16.03% -28.18% -4.49% -43.96% -0.72% -74.55% -63.92% -14.71% 71.0% 13.26% -4.67% 2.7% -1.34% 35.71% 17.78% -27.69% 2.88% 49.54% 67.36% 13.87% 19.09% 36.78% 245.95% 707.27% 161.9% -27.59%
Long-Term Debt $3.475B $3.746B $6.446B $7.232B $7.376B $8.198B $13.15B $12.27B $13.45B $13.85B $15.06B $15.59B $14.51B $16.31B $4.640B $1.869B $1.670B $992.0M $1.192B $1.866B $981.0M $617.0M $619.0M $424.0M $424.0M $424.0M $224.0M $224.0M $224.0M $224.0M $224.0M $149.0M $149.0M $0.00 $0.00
YoY Change -7.23% -41.89% -10.87% -1.95% -10.03% -37.67% 7.19% -8.79% -2.89% -7.98% -3.41% 7.4% -11.02% 251.49% 148.26% 11.92% 68.35% -16.78% -36.12% 90.21% 59.0% -0.32% 45.99% 0.0% 0.0% 89.29% 0.0% 0.0% 0.0% 0.0% 50.34% 0.0%
Other Long-Term Liabilities $1.620B $1.235B $2.139B $2.023B $1.810B $1.851B $2.356B $2.475B $2.343B $2.671B $2.102B $4.561B $3.902B $3.412B $249.0M $280.0M $271.0M $276.0M $250.0M $0.00 $49.00M $92.00M $27.00M $52.00M $51.00M $3.000M $3.000M $32.00M
YoY Change 31.19% -42.27% 5.71% 11.77% -2.22% -21.43% -4.81% 5.63% -12.28% 27.07% -53.91% 16.89% 14.36% 1270.28% -11.07% 3.32% -1.81% 10.4% -46.74% 240.74% -48.08% 1.96% 1600.0% 0.0% -90.63%
Total Long-Term Liabilities $5.095B $4.981B $8.585B $9.255B $9.186B $10.05B $15.51B $14.75B $15.80B $16.52B $17.16B $20.15B $18.41B $19.72B $4.889B $2.149B $1.941B $1.268B $1.442B $1.866B $981.0M $617.0M $619.0M $424.0M $424.0M $424.0M $224.0M $273.0M $316.0M $251.0M $276.0M $200.0M $152.0M $3.000M $32.00M
YoY Change 2.29% -41.98% -7.24% 0.75% -8.59% -35.2% 5.17% -6.65% -4.41% -3.69% -14.84% 9.41% -6.63% 303.37% 127.5% 10.72% 53.08% -12.07% -22.72% 90.21% 59.0% -0.32% 45.99% 0.0% 0.0% 89.29% -17.95% -13.61% 25.9% -9.06% 38.0% 31.58% 4966.67% -90.63%
Total Liabilities $7.067B $6.722B $11.26B $12.14B $11.84B $13.00B $21.81B $20.92B $22.04B $23.76B $26.39B $30.99B $30.93B $31.06B $21.17B $21.04B $21.44B $14.08B $13.16B $13.73B $12.49B $11.73B $9.356B $7.524B $9.327B $9.116B $6.419B $4.261B $3.905B $3.254B $2.707B $1.367B $684.0M $447.0M $477.0M
YoY Change 5.13% -40.33% -7.22% 2.51% -8.87% -40.41% 4.25% -5.09% -7.23% -9.96% -14.85% 0.21% -0.42% 46.67% 0.63% -1.87% 52.31% 6.95% -4.09% 9.86% 6.5% 25.37% 24.35% -19.33% 2.31% 42.02% 50.65% 9.12% 20.01% 20.21% 98.02% 99.85% 53.02% -6.29%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Basic Shares Outstanding 45.64M shares 45.72M shares 46.54M shares 46.15M shares 45.95M shares 45.67M shares 45.67M shares 45.37M shares 302.5M shares 302.4M shares
Diluted Shares Outstanding 46.54M shares 46.41M shares 46.54M shares 46.15M shares 45.95M shares 46.56M shares 46.56M shares 45.37M shares 302.5M shares 302.4M shares
Preferred Stock
Treasury Stock Shares

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Book Value

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Dividends

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Stock Price

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Market Cap: $523.27 Million

About Ambac Financial Group Inc

Ambac Financial Group, Inc. is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company is headquartered in New York City, New York and currently employs 178 full-time employees. The company operates three principal businesses: Legacy Financial Guarantee (LFG) Insurance, Specialty Property and Casualty Insurance, and Insurance Distribution. The LFG Insurance includes the activities of Ambac Assurance Corporation (AAC) and its wholly owned subsidiaries, including Ambac Assurance UK Limited (Ambac UK) and Ambac Financial Services LLC (AFS). The Specialty Property and Casualty Insurance includes five admitted carriers and an excess and surplus lines (E&S or no admitted) insurer, Everspan Indemnity Insurance Company (all carriers collectively, Everspan). The Insurance Distribution includes the specialty property and casualty (P&C) insurance distribution business, which includes managing general agents and underwriters (collectively MGA/Us), insurance wholesalers, brokers, and other distribution businesses, which includes Xchange Benefits, LLC, a P&C MGA specializing in accident and health products.

Industry: Surety Insurance Peers: Amerisafe Inc Tiptree Inc Donegal Group Inc Employers Holdings Inc Hci Group Inc MBIA Inc ProAssurance Corp Progressive Corp Stewart Information Services Corp United Fire Group Inc