Ambac Financial Group Inc., which reported a net loss of $5.6 billion in 2008, gave a number of its named executive officers more than $1 million each in compensation last year, according to a proxy statement the company filed with the Securities and Exchange Commission yesterday.

Eight Ambac executives combined to take home $15.7 million in compensation in 2008, according to the document. Salaries and bonuses accounted for $9.1 million of that total, with six of those executives breaking the $1 million barrier, the document said.

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