David Herzog - Ambac Financial Independent Director

AMBC Stock  USD 14.01  0.05  0.36%   

Director

Mr. David Lawrence Herzog is an Independent Director of the Company. He was the Chief Financial Officer and Executive Vice President of AIG from October 2008 until his retirement from AIG in April 2016. Mr. Herzog served as Senior Vice President and Comptroller of AIG from June 2005 to October 2008, Chief Financial Officer for worldwide life insurance operations from April 2004 to June 2005 and Vice President, Life Insurance from 2003 to 2004. In addition, Mr. Herzog has served in other senior officer positions for AIG and its subsidiaries, including as the Chief Financial Officer and Chief Operating Officer of American General Life following its acquisition by AIG. Previously, Mr. Herzog served in various executive positions at GenAmerica Corporation and Family Guardian Life, a Citicorp Company, and at a large accounting firm that is now part of PricewaterhouseCoopers LLP. Mr. Herzog currently serves as a member of the Board of Directors of MetLife, Inc., DXC.technology and PCCW Ltd since 2016.
Age 60
Tenure 8 years
Professional MarksMBA
Address One World Trade Center, New York, NY, United States, 10007
Phone212 658 7470
Webhttps://www.ambac.com
Herzog received a bachelor degree in accounting from the University of MissouriColumbia and a master of business administration in finance and economics from the University of Chicago.

Ambac Financial Management Efficiency

As of April 18, 2024, Return On Tangible Assets is expected to decline to 0.001. In addition to that, Return On Capital Employed is expected to decline to 0.0005. At present, Ambac Financial's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 532.6 M, whereas Total Assets are forecasted to decline to about 7.6 B. Ambac Financial's management efficiency ratios could be used to measure how well Ambac Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 3.5 B in liabilities with Debt to Equity (D/E) ratio of 8.17, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ambac Financial Group has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Ambac Financial until it has trouble settling it off, either with new capital or with free cash flow. So, Ambac Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ambac Financial Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ambac to invest in growth at high rates of return. When we think about Ambac Financial's use of debt, we should always consider it together with cash and equity.

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Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. The company was incorporated in 1991 and is headquartered in New York, New York. Ambac Financial operates under InsuranceSpecialty classification in the United States and is traded on New York Stock Exchange. It employs 132 people. Ambac Financial Group (AMBC) is traded on New York Stock Exchange in USA. It is located in One World Trade Center, New York, NY, United States, 10007 and employs 178 people. Ambac Financial is listed under Property & Casualty Insurance category by Fama And French industry classification.

Management Performance

Ambac Financial Group Leadership Team

Elected by the shareholders, the Ambac Financial's board of directors comprises two types of representatives: Ambac Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ambac. The board's role is to monitor Ambac Financial's management team and ensure that shareholders' interests are well served. Ambac Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ambac Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Eisman, Chief Accounting Officer, Sr. Managing Director and Controller
Robert Smith, Senior Managing Director, Chief of Staff
Nader Tavakoli, Independent Co-Chairman of the Board
Daniel McGinnis, Senior COO
Kate Smith, Director Communications
David Barranco, Senior Managing Director
Cathleen Matanle, Senior Managing Director
Alexander Greene, Independent Director
R Smith, Senior Managing Director, Chief of Staff
Miguel Sanchez, Managing Europe
Claude LeBlanc, President, Chief Executive Officer, Director
Lisa Kampf, Managing Director
Rhonta Smith, Executive Officer
Lisa Iglesias, Director
Ian Haft, Independent Director
John Tatum, MD Group
David Weissman, Managing Director
James Prieur, Director
Victor Mandel, Independent Co-Chairman of the Board
Jeffrey Stein, Independent Chairman of the Board
Joan LammTennant, Independent Director
Michael Reilly, Chief Administrative Officer, Chief Information Officer, Senior Managing Director
David Herzog, Independent Director
Eugene Bullis, Independent Director
Claude Prieur, Independent Director
Charles Sebaski, MD Relation
Sharon Smith, Senior Managing Director, Chief of Staff
Abbe Goldstein, Managing Director - Investor Relations and Corporate Communications
David Trick, CFO, Sr. Managing Director, Treasurer, CEO of Ambac Assuranc Corp and Interim President of Ambac Assuranc Corp
Stephen Ksenak, Sr. Managing Director and General Counsel
Robert Donovan, Chief Officer

Ambac Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ambac Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
When determining whether Ambac Financial Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ambac Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ambac Financial Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ambac Financial Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ambac Financial Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Ambac Financial Group information on this page should be used as a complementary analysis to other Ambac Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for Ambac Stock analysis

When running Ambac Financial's price analysis, check to measure Ambac Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ambac Financial is operating at the current time. Most of Ambac Financial's value examination focuses on studying past and present price action to predict the probability of Ambac Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ambac Financial's price. Additionally, you may evaluate how the addition of Ambac Financial to your portfolios can decrease your overall portfolio volatility.
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Is Ambac Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ambac Financial. If investors know Ambac will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ambac Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.81)
Earnings Share
0.18
Revenue Per Share
5.894
Quarterly Revenue Growth
(0.42)
Return On Assets
0.0058
The market value of Ambac Financial Group is measured differently than its book value, which is the value of Ambac that is recorded on the company's balance sheet. Investors also form their own opinion of Ambac Financial's value that differs from its market value or its book value, called intrinsic value, which is Ambac Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ambac Financial's market value can be influenced by many factors that don't directly affect Ambac Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ambac Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ambac Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ambac Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.