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	<title>Stock Blog Hub &#187; Ambac Financial Group Inc.</title>
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		<title>(ABK) Ambac Financial Group’s Loss is Wider than Expected</title>
		<link>http://www.stockbloghub.com/2009/11/08/abk-ambac-financial-group%e2%80%99s-loss-is-wider-than-expected/19885</link>
		<comments>http://www.stockbloghub.com/2009/11/08/abk-ambac-financial-group%e2%80%99s-loss-is-wider-than-expected/19885#comments</comments>
		<pubDate>Mon, 09 Nov 2009 02:28:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Surety & Title Insurance]]></category>
		<category><![CDATA[ABK]]></category>
		<category><![CDATA[Ambac Financial Group Inc.]]></category>

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		<description><![CDATA[Ambac Financial Group’s (ABK) third-quarter loss of $2.35 per share was wider than the Zacks Consensus Estimate of a loss of $1.22 per share. Last year, the company had reported a loss of $7.81 per share. Losses were driven by higher loss expenses in its Residential Mortgage Backed Securities [RMBS] insured portfolio. Revenues came in at $2.7 billion, compared with negative revenues of $2.3 billion in the prior-year quarter. The improvement in revenues was brought about by $2.9 billion of unrealized gains in credit derivatives. Net premiums earned in the quarter were $238.4 million, down 16% year over year. Normal net premiums amounted to $148.1 million and $155 million in the third quarters of 2009 and 2008, respectively. Net investment income was $135 million, representing an increase of 6.3% from ]]></description>
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