AMBAC Inc., the holding company for AMBAC Indemnity Corp., reported Wednesday that net income for the first quarter declined 11% from the previous year.

AMBAC announced profits of $37.9 million, or $1.07 per share, for the first three months of 1994 compared with $42.7 million, or $1.21 per share, a year earlier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.