Octave Specialty Group, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $205.0M
- Price
- $4.55
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.89%
- Volume
- 306.4K
About
Octave Specialty Group, Inc. functions as a financial services holding company, organizing its operations into two distinct divisions. Its Specialty Property and Casualty Insurance segment delivers specialized program insurance, primarily focusing on coverage for commercial and personal liability exposures. The second division, Insurance Distribution, offers a broad spectrum of services for distributing specialty property and casualty insurance, which includes roles such as managing general agents, underwriters, and insurance brokers, alongside other related distribution and underwriting ventures. Established in 1971, the company, with its corporate headquarters located in New York, New York, rebranded from its former name, Ambac Financial Group, Inc., to Octave Specialty Group, Inc. in November 2025.
Quick stats
Shares outstanding45.1M
Computed float41.7M
Float / shares92.6%
Key info
SectorFinancial Services
IndustryInsurance - Specialty
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0000874501
Websitehttps://www.octavegroup.com
AI Summary
AI-generated1/13
majorbullishearnings
Octave Specialty Group Reports Second Quarter 2026 Results
Octave Specialty Group reported Q2 2026 total revenue of $83.0 million, up 51% year-over-year, driven by 77% growth in its Insurance Distribution segment which included 44% organic revenue growth.
Adjusted EBITDA to shareholders improved to $3.7 million from a loss of $(4.6) million in the prior year period, while the consolidated net loss to shareholders narrowed to $(14.4) million.
The Specialty P&C segment (Everspan) also showed improvement with net income of $1.1 million and a 610 basis point reduction in combined ratio, supported by the recent launch of an AI-driven underwriting platform.