OSG
Octave Specialty Group, Inc.
Price Chart
Latest Quote
$5.68
-0.08 (-1.39%)
Current Price
| Previous Close | $5.76 |
| Open | $5.73 |
| Day High | $5.88 |
| Day Low | $5.54 |
| Volume | 363,642 |
Stock Information
| Shares Outstanding | 45.01M |
| Total Debt | $117.06M |
| Cash Equivalents | $139.20M |
| Revenue | $292.64M |
| Net Income | $-95.65M |
| Sector | Financial Services |
| Industry | Insurance - Specialty |
| Market Cap | $255.68M |
| EPS (TTM) | $-2.03 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $550.47M |
| Sales | $292.64M |
| Income | $-95.65M |
| Book/sh | $15.83 |
| Cash/sh | $3.09 |
| Employees | 483 |
Financial Ratios
| Quick Ratio | 0.42 |
| Current Ratio | 1.00 |
| Debt/Eq | 11.37 |
Returns & Margins
| ROA | -0.55% |
| ROE | -7.51% |
| Gross Margin | 60.58% |
| Operating Margin | 2.81% |
| Profit Margin | -75.91% |
Ownership
| Insider Ownership | 7.84% |
| Institutional Ownership | 74.65% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 6.57 |
| P/S | 0.87 |
| P/B | 0.36 |
Analyst Data
| Recommendation | strong_buy |
| Target Price | $13.50 |
Technical Indicators
| SMA20 | $5.51 |
| SMA50 | $5.17 |
| SMA200 | $6.77 |
| RSI | 69.03 |
| ATR | 0.2436 |
| Shares Float | 42.45M |
| Short Float | 2.85% |
| Short Ratio | 1.34 |
| Volatility | 0.85 |
| Rel Volume | 1.10 |
Performance History
| Week | +1.43% |
| Month | -2.41% |
| Quarter | +19.33% |
| 6 Months | -32.78% |
| YTD | -23.96% |
| Year | -17.92% |
| 3 Years | -60.00% |
| 5 Years | -63.19% |
| 10 Years | -64.81% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-22 | $5.68 | 504,900 |
| 2026-06-18 | $5.76 | 772,300 |
| 2026-06-17 | $5.63 | 502,200 |
| 2026-06-16 | $5.65 | 554,500 |
| 2026-06-15 | $5.76 | 777,600 |
| 2026-06-12 | $5.60 | 291,700 |
| 2026-06-11 | $5.53 | 216,400 |
| 2026-06-10 | $5.58 | 293,700 |
| 2026-06-09 | $5.55 | 401,000 |
| 2026-06-08 | $5.45 | 302,200 |
| 2026-06-05 | $5.46 | 445,900 |
| 2026-06-04 | $5.41 | 359,700 |
| 2026-06-03 | $5.17 | 791,600 |
| 2026-06-02 | $5.18 | 450,700 |
| 2026-06-01 | $5.25 | 386,700 |
| 2026-05-29 | $5.48 | 427,900 |
| 2026-05-28 | $5.52 | 579,700 |
| 2026-05-27 | $5.38 | 427,600 |
| 2026-05-26 | $5.54 | 365,800 |
About Octave Specialty Group, Inc.
Octave Specialty Group, Inc., an insurance holding company, primarily engages in the specialty property and casualty insurance business in the United States and the United Kingdom. It operates in two segments, Specialty Property and Casualty Insurance; and Insurance Distribution. The Specialty Property and Casualty Insurance segment provides specialty property and casualty program insurance with a focus on commercial and personal liability risks. The Insurance Distribution segment offers property, niche specialty risk, accident and health, miscellaneous specialty, reinsurance, surety, marine and energy, specialty auto, excess and surplus lines commercial package, professional lines, and directors' and officers' insurance. The company was formerly known as Ambac Financial Group, Inc. and changed its name to Octave Specialty Group, Inc. in November 2025. The company was incorporated in 1991 and is headquartered in New York, New York.
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Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $248,644,000 | $235,319,000 | $124,747,000 | $53,612,000 |
| Operating Revenue | $248,644,000 | $235,319,000 | $124,747,000 | $53,612,000 |
| Expenses | ||||
| Interest Expense | $18,640,000 | $9,379,000 | $0 | $0 |
| Total Expenses | $352,236,000 | $295,660,000 | $148,949,000 | $89,318,000 |
| Net Non Operating Interest Income Expense | $-18,640,000 | $-9,379,000 | $0 | $0 |
| Interest Expense Non Operating | $18,640,000 | $9,379,000 | $0 | $0 |
| General And Administrative Expense | $191,624,000 | $129,166,000 | $66,985,000 | $56,278,000 |
| Loss Adjustment Expense | $47,193,000 | $72,626,000 | $36,712,000 | $9,071,000 |
| Other Income Expense | - | $13,314,000 | $14,000,000 | $577,000 |
| Other Operating Expenses | - | - | - | - |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-98,404,000 | $-59,282,000 | $-24,551,000 | $-36,115,000 |
| Net Interest Income | $-18,640,000 | $-9,379,000 | $0 | $0 |
| Normalized Income | $-98,404,000 | $-59,282,000 | $-24,551,000 | $-36,115,000 |
| Net Income From Continuing And Discontinued Operation | $-261,692,000 | $-556,449,000 | $3,632,000 | $521,249,000 |
| Net Income Common Stockholders | $-261,692,000 | $-556,449,000 | $3,632,000 | $522,380,000 |
| Net Income | $-261,692,000 | $-556,449,000 | $3,632,000 | $521,249,000 |
| Net Income Including Noncontrolling Interests | $-259,091,000 | $-556,088,000 | $4,951,000 | $522,120,000 |
| Net Income Discontinuous Operations | $-163,288,000 | $-497,167,000 | $28,183,000 | $557,364,000 |
| Net Income Continuous Operations | $-95,803,000 | $-58,921,000 | $-23,232,000 | $-35,244,000 |
| Pretax Income | $-101,014,000 | $-59,845,000 | $-24,221,000 | $-35,706,000 |
| Depreciation And Amortization In Income Statement | $41,952,000 | $19,947,000 | $5,230,000 | $3,793,000 |
| Depreciation Income Statement | - | $2,345,000 | $1,078,000 | $872,000 |
| Special Income Charges | - | - | $0 | $81,000,000 |
| Per Share | ||||
| Diluted EPS | $-5.93 | $-11.96 | $0.18 | $11.31 |
| Basic EPS | $-5.93 | $-11.96 | $0.18 | $11.48 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Reconciled Depreciation | $41,952,000 | $19,947,000 | $5,230,000 | $3,793,000 |
| EBIT | $-82,374,000 | $-50,466,000 | $-24,221,000 | $-35,706,000 |
| Diluted Average Shares | $47,181,227 | $46,969,708 | $45,636,649 | $46,414,830 |
| Basic Average Shares | $47,181,227 | $46,969,708 | $45,636,649 | $45,719,906 |
| Diluted NI Availto Com Stockholders | $-261,692,000 | $-556,449,000 | $3,632,000 | $522,380,000 |
| Minority Interests | $-2,601,000 | $-361,000 | $-1,319,000 | $-871,000 |
| Tax Provision | $-5,211,000 | $-924,000 | $-989,000 | $-462,000 |
| Amortization | $41,952,000 | $19,947,000 | $5,230,000 | $2,921,000 |
| Selling General And Administration | $191,624,000 | $129,166,000 | $66,985,000 | $56,278,000 |
| Other Gand A | $191,624,000 | $129,166,000 | $66,985,000 | $56,278,000 |
| Net Policyholder Benefits And Claims | $47,193,000 | $72,626,000 | $36,712,000 | $9,071,000 |
| Total Unusual Items | - | - | $0 | $81,000,000 |
| Total Unusual Items Excluding Goodwill | - | - | $0 | $81,000,000 |
| Otherunder Preferred Stock Dividend | - | - | - | $-1,131,000 |
| Other Special Charges | - | - | - | $-81,000,000 |
| Salaries And Wages | - | - | - | - |
Fetched: 2026-06-18
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-299,553,000 | $35,355,000 | $1,230,559,000 | $865,000,000 |
| Total Assets | $2,223,317,000 | $8,058,378,000 | $8,428,320,000 | $7,973,000,000 |
| Goodwill And Other Intangible Assets | $1,015,343,000 | $763,009,000 | $131,097,000 | $387,000,000 |
| Other Intangible Assets | $474,998,000 | $344,775,000 | $61,403,000 | $326,000,000 |
| Prepaid Assets | $146,365,000 | $148,300,000 | $110,407,000 | $124,000,000 |
| Receivables | $597,726,000 | $418,790,000 | $220,309,000 | $655,000,000 |
| Other Receivables | $86,549,000 | $55,377,000 | $9,419,000 | - |
| Accounts Receivable | $511,177,000 | $363,413,000 | $210,890,000 | $655,000,000 |
| Cash Cash Equivalents And Short Term Investments | $337,177,000 | $331,896,000 | $354,957,000 | $2,012,000,000 |
| Cash And Cash Equivalents | $68,440,000 | $47,275,000 | $19,223,000 | $14,000,000 |
| Debt | ||||
| Net Debt | $49,118,000 | $102,725,000 | $3,463,000,000 | $3,732,000,000 |
| Total Debt | $117,558,000 | $150,000,000 | $0 | $3,746,000,000 |
| Long Term Debt And Capital Lease Obligation | $117,558,000 | - | $3,475,000,000 | $3,746,000,000 |
| Long Term Debt | $117,558,000 | - | $3,475,000,000 | $3,746,000,000 |
| Current Debt And Capital Lease Obligation | $0 | $150,000,000 | $0 | - |
| Current Debt | $0 | $150,000,000 | $0 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $1,137,151,000 | $6,862,857,000 | $6,996,627,000 | $6,648,000,000 |
| Non Current Deferred Liabilities | $65,217,000 | $70,135,000 | $6,000,000 | $5,000,000 |
| Non Current Deferred Taxes Liabilities | $65,217,000 | $70,135,000 | - | - |
| Payables And Accrued Expenses | $197,459,000 | $126,993,000 | $36,598,000 | $466,000,000 |
| Interest Payable | $1,343,000 | $2,560,000 | $0 | $427,000,000 |
| Payables | $196,116,000 | $124,433,000 | $36,598,000 | $39,000,000 |
| Other Payable | $115,555,000 | $71,431,000 | $6,932,000 | - |
| Accounts Payable | $80,561,000 | $53,002,000 | $29,666,000 | $39,000,000 |
| Derivative Product Liabilities | - | - | $1,197,000,000 | $1,048,000,000 |
| Equity | ||||
| Common Stock Equity | $715,790,000 | $798,364,000 | $1,361,656,000 | $1,252,000,000 |
| Total Equity Gross Minority Interest | $1,086,166,000 | $1,195,521,000 | $1,431,693,000 | $1,325,000,000 |
| Stockholders Equity | $715,790,000 | $798,364,000 | $1,361,656,000 | $1,252,000,000 |
| Gains Losses Not Affecting Retained Earnings | $8,483,000 | $-188,436,000 | $-160,047,000 | $-253,000,000 |
| Other Equity Adjustments | $8,483,000 | $-188,436,000 | $-160,047,000 | $-253,000,000 |
| Retained Earnings | $370,431,000 | $683,643,000 | $1,246,048,000 | $1,245,000,000 |
| Other Equity Interest | - | - | $1,000,000 | $1,000,000 |
| Other | ||||
| Treasury Shares Number | $3,871,598 | $2,368,194 | $1,463,774 | $1,685,233 |
| Ordinary Shares Number | $45,005,284 | $46,506,973 | $45,195,370 | $44,973,757 |
| Share Issued | $48,876,882 | $48,875,167 | $46,659,144 | $46,658,990 |
| Tangible Book Value | $-299,553,000 | $35,355,000 | $1,230,559,000 | $865,000,000 |
| Invested Capital | $833,348,000 | $948,364,000 | $1,361,656,000 | $4,998,000,000 |
| Total Capitalization | $833,348,000 | $798,364,000 | $1,361,656,000 | $4,998,000,000 |
| Minority Interest | $370,376,000 | $397,157,000 | $70,037,000 | $73,000,000 |
| Treasury Stock | $33,473,000 | $28,339,000 | $16,573,000 | $15,000,000 |
| Additional Paid In Capital | $369,860,000 | $331,007,000 | $291,761,000 | $274,000,000 |
| Capital Stock | $489,000 | $489,000 | $467,000 | $0 |
| Common Stock | $489,000 | $489,000 | $467,000 | $0 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Line Of Credit | $0 | $150,000,000 | $0 | - |
| Current Accrued Expenses | $1,343,000 | $2,560,000 | $0 | $427,000,000 |
| Investments And Advances | $268,737,000 | $284,621,000 | $335,734,000 | $3,928,000,000 |
| Goodwill | $540,345,000 | $418,234,000 | $69,694,000 | $61,000,000 |
| Other Short Term Investments | $268,737,000 | $284,621,000 | $335,734,000 | $1,998,000,000 |
| Non Current Deferred Revenue | - | - | $6,000,000 | $5,000,000 |
Fetched: 2026-06-18
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-52,283,000 | $762,000 | $36,948,000 | $70,368,000 |
| Operating Activities | ||||
| Operating Cash Flow | $-52,283,000 | $762,000 | $36,948,000 | $70,368,000 |
| Cash Flow From Continuing Operating Activities | $-52,283,000 | $762,000 | $36,948,000 | $70,368,000 |
| Operating Gains Losses | - | $497,000 | $24,000,000 | $13,710,000 |
| Investing Activities | ||||
| Investing Cash Flow | $199,936,000 | $-166,371,000 | $-26,679,000 | $-41,162,000 |
| Cash Flow From Continuing Investing Activities | $199,936,000 | $-166,371,000 | $-26,679,000 | $-41,162,000 |
| Net Other Investing Changes | $-10,053,000 | $-3,750,000 | $-4,854,000 | $2,329,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-29,942,000 | $-11,698,000 | $-4,510,000 | $-14,217,000 |
| Financing Cash Flow | $-126,298,000 | $194,219,000 | $-10,986,000 | $-19,235,000 |
| Cash Flow From Continuing Financing Activities | $-126,298,000 | $194,219,000 | $-10,986,000 | $-19,235,000 |
| Net Other Financing Charges | $-80,826,000 | $58,917,000 | $-6,476,000 | $-5,018,000 |
| Net Common Stock Issuance | $-29,942,000 | $-11,698,000 | $-4,510,000 | $-14,217,000 |
| Net Preferred Stock Issuance | - | - | $0 | $-8,000,000 |
| Issuance Of Capital Stock | - | - | - | - |
| Preferred Stock Issuance | - | - | - | - |
| Other | ||||
| Repayment Of Debt | $-150,000,000 | $0 | $0 | $-1,544,000,000 |
| Issuance Of Debt | $117,470,000 | $147,000,000 | $0 | $0 |
| End Cash Position | $70,090,000 | $47,275,000 | $19,223,000 | $19,940,000 |
| Beginning Cash Position | $47,275,000 | $19,223,000 | $19,940,000 | $9,969,000 |
| Effect Of Exchange Rate Changes | $1,460,000 | $-558,000 | $0 | $0 |
| Changes In Cash | $21,355,000 | $28,610,000 | $-717,000 | $9,971,000 |
| Proceeds From Stock Option Exercised | $17,000,000 | $0 | $0 | - |
| Common Stock Payments | $-29,942,000 | $-11,698,000 | $-4,510,000 | $-14,217,000 |
| Net Issuance Payments Of Debt | $-32,530,000 | $147,000,000 | $0 | $0 |
| Net Short Term Debt Issuance | $-150,000,000 | $147,000,000 | $0 | $0 |
| Short Term Debt Payments | $-150,000,000 | $0 | $0 | - |
| Short Term Debt Issuance | $0 | $147,000,000 | $0 | $0 |
| Net Long Term Debt Issuance | $117,470,000 | - | $-97,000,000 | $-1,544,000,000 |
| Long Term Debt Issuance | $117,470,000 | $0 | $0 | $0 |
| Net Investment Purchase And Sale | $20,629,000 | $67,036,000 | $-14,872,000 | $-25,049,000 |
| Sale Of Investment | $65,024,000 | $130,028,000 | $20,613,000 | $71,614,000 |
| Purchase Of Investment | $-44,395,000 | $-62,992,000 | $-35,485,000 | $-96,663,000 |
| Net Business Purchase And Sale | $189,360,000 | $-229,657,000 | $-6,953,000 | $-18,442,000 |
| Sale Of Business | $407,300,000 | $14,119,000 | $0 | $0 |
| Purchase Of Business | $-217,940,000 | $-243,776,000 | $-6,953,000 | $-18,442,000 |
| Change In Working Capital | $-3,582,000 | $9,303,000 | $31,146,000 | $26,171,000 |
| Change In Payables And Accrued Expense | $30,743,000 | $-3,160,000 | $0 | $0 |
| Change In Payable | $30,743,000 | $-3,160,000 | $52,000,000 | $6,000,000 |
| Change In Account Payable | $30,743,000 | $-3,160,000 | $0 | $6,000,000 |
| Change In Prepaid Assets | $27,559,000 | $23,337,000 | $9,721,000 | $17,065,000 |
| Change In Receivables | $-49,578,000 | $-11,329,000 | $-30,225,000 | $-13,478,000 |
| Changes In Account Receivables | $-49,578,000 | $-11,329,000 | $-30,225,000 | $-13,478,000 |
| Other Non Cash Items | $-4,557,000 | $21,077,000 | $11,538,000 | $57,449,000 |
| Depreciation And Amortization | $41,952,000 | $19,947,000 | $5,230,000 | $3,793,000 |
| Amortization Cash Flow | $41,952,000 | $19,947,000 | $5,230,000 | $2,921,000 |
| Amortization Of Intangibles | $41,952,000 | $19,947,000 | $5,230,000 | $2,921,000 |
| Net Income From Continuing Operations | $-95,803,000 | $-58,921,000 | $-23,232,000 | $-35,244,000 |
| Interest Paid Supplemental Data | - | $3,821,000 | $50,000,000 | $0 |
| Income Tax Paid Supplemental Data | - | $526,000 | $11,000,000 | $347,000 |
| Change In Accrued Expense | - | $2,560,000 | $-1,000,000 | $0 |
| Change In Interest Payable | - | $2,560,000 | $-1,000,000 | $0 |
| Amortization Of Securities | - | $-296,000 | $-15,000,000 | $-6,742,000 |
| Depreciation | - | $2,345,000 | $2,000,000 | $872,000 |
| Gain Loss On Investment Securities | - | $497,000 | $20,000,000 | $13,710,000 |
| Preferred Stock Payments | - | - | $0 | $-8,000,000 |
| Long Term Debt Payments | - | - | $-97,000,000 | $-1,544,000,000 |
| Stock Based Compensation | - | - | $12,266,000 | $11,231,000 |
| Net Foreign Currency Exchange Gain Loss | - | - | $4,000,000 | $-14,000,000 |
| Change In Other Working Capital | - | - | - | $-44,000,000 |
| Deferred Tax | - | - | - | - |
| Deferred Income Tax | - | - | - | - |
Fetched: 2026-06-18