Financial Guarantee Loss ReservesTotal net loss and loss expenses were $323.3 million in the second quarter of 2010, compared to $1,230.8 million in the second quarter of 2009. Losses and loss expenses in the second quarter of 2010 were primarily related to credit deterioration in certain student loan transactions and the impact of using a lower average risk-free rate to discount losses. Second quarter of 2009 loss and loss expenses were driven by continued deterioration in the RMBS portfolio.
Ambac Financial Group, Inc. Announces Second Quarter 2010 Results
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