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Companies / Financials / Octave Specialty Group, Inc.
OSG

Octave Specialty Group, Inc.

FinancialsInsurance
Ticker OSGNEW YORK, NYFiscal year ends DecemberBook value per share $14.81Diluted shares 47.2M

Octave Specialty Group, Inc. (NYSE: OSG) operates specialty insurance distribution and specialty property and casualty insurance businesses. Its Insurance Distribution segment comprises managing general agents and underwriters, a broker, and related businesses that place and administer coverage across lines including… From the company’s description.

Over the twelve months to Jun 30, 2026, Octave Specialty Group, Inc. reported revenue of $320.67M, up 118.8% from a year earlier. In fiscal 2025, it reported revenue of $251.22M, up 6.5% from fiscal 2024, and a net loss of $95.80M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$251.22MFY2025
+6.5% year over year
Last 12 mo $320.67M
0.00%FY2025
$-95.80MFY2025
−62.6% year over year
-36.20%FY2025
+33.5 percentage points
Cash & financing
$-52.28MFY2025
−6961.3% year over year
$-52.28MFY2025
−6961.3% year over year
0.16FY2025
Was 0.19× a year earlier
Last 12 mo 0.22
47.2MFY2025
+0.5% year over year

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Octave Specialty Group, Inc. does

In the company’s own words

Octave Specialty Group, Inc. (NYSE: OSG) operates specialty insurance distribution and specialty property and casualty insurance businesses. Its Insurance Distribution segment comprises managing general agents and underwriters, a broker, and related businesses that place and administer coverage across lines including accident and health, property, commercial auto, marine and energy, surety, professional liability, and reinsurance. These businesses earn commissions from insurers and serve agents, policyholders, and insurance carriers. Its Specialty Property and Casualty Insurance segment, operating through Everspan, provides admitted and excess-and-surplus insurance capacity, primarily for commercial and personal liability risks distributed through program administrators and managing general agents; it also selectively assumes reinsurance. Everspan includes five insurance carriers and reported $360.4 million in gross written premiums in 2025. Insurance Distribution placed approximately $951.8 million in premiums in 2025. The company sold its legacy financial guarantee business in September 2025 and changed its name from Ambac Financial Group in the fourth quarter of that year. Its website is www.octavegroup.com.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
874501
SIC
6351

Financial performance, year by year

Fiscal 2011–2025 · USD
$-2.22B$-1.43B$-637.34M$156.48M$950.30M20112012201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Octave Specialty Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

143
funds hold it
0 of 35
superinvestors hold it
$52.73M
held by funds, at market
21.2%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Octave Specialty Group, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Third Avenue Small-Cap Value Fund
TASCX · Third Avenue Trust
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Octave Specialty Group, Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Octave Specialty Group, Inc.’s debt, $149.71M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.71%, maturing 2099 to 2099.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Octave Specialty Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Octave Specialty Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Octave Specialty Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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