* Qtrly net loss $0.20 per share
* Qtrly net premiums earned $ 167 million
* Qtrly total revenues $381,170,000
* Says is also pursuing a restructuring of its outstanding debt through a
prepackaged bankruptcy proceeding
* May decide not to pay interest on debt before filing prepackaged bankruptcy
or seeking other relief under bankruptcy code
* If it's unable to effectuate strategic alternatives in near term, it would
likely need to seek relief under chapter 11
* Management has concluded that there is substantial doubt about the ability of
the company to continue as a going concern
* Says believes that Ambac will have sufficient liquidity to satisfy its needs
into the second quarter of 2011
* Says is currently pursuing raising additional capital
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