Nov 9 (Reuters) - Ambac Financial Group Inc:
* Announces third quarter 2010 results
* Auto Alert - Q3 earnings per share $0.25
* Says net investment income for the third quarter of 2010 was $69.8 million
* Says net premiums earned for the third quarter of 2010 were $143.1 million
* Says net change in fair value of credit derivatives was positive $9.4 million
in the current quarter
* Says financial services segment recorded a $77.4 million operating loss in
quarter
* Aac's consolidated claims-paying resources amounts to approximately $7.9
billion as of September 30, 2010
* Says net change in fair value of credit derivatives was a gain of $9.4
million for the third quarter
* Says total assets increased during the third quarter of 2010, to $31.3
billion at September 30, 2010
* Loss and loss expense reserves for all rmbs insurance exposures as of
September 30, 2010, were $2,746.0 million
* Says cash, short-term securities and bonds at the holding company amounted to
$44.3 million as of September 30
* As of September 30, 2010, aac reported statutory capital and surplus of
approximately $912 million
* Total insurance claims presented for payment but not paid as result of
moratorium imposed by oci was $428.3 million in quarter
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* Announces third quarter 2010 results
* Auto Alert - Q3 earnings per share $0.25
* Says net investment income for the third quarter of 2010 was $69.8 million
* Says net premiums earned for the third quarter of 2010 were $143.1 million
* Says net change in fair value of credit derivatives was positive $9.4 million
in the current quarter
* Says financial services segment recorded a $77.4 million operating loss in
quarter
* Aac's consolidated claims-paying resources amounts to approximately $7.9
billion as of September 30, 2010
* Says net change in fair value of credit derivatives was a gain of $9.4
million for the third quarter
* Says total assets increased during the third quarter of 2010, to $31.3
billion at September 30, 2010
* Loss and loss expense reserves for all rmbs insurance exposures as of
September 30, 2010, were $2,746.0 million
* Says cash, short-term securities and bonds at the holding company amounted to
$44.3 million as of September 30
* As of September 30, 2010, aac reported statutory capital and surplus of
approximately $912 million
* Total insurance claims presented for payment but not paid as result of
moratorium imposed by oci was $428.3 million in quarter
((Auto Alerts are automatically generated headlines. Please help us in our effort to make this service as accurate as possible. If you ever notice a machine-generated error, contact our headlines team at blr.newsroom@reuters.com))
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.