Accessibility Menu
Octave Specialty Group logo

Octave Specialty Group(NYSE) OSG

Current Price$5.75
Market Cap$251.63MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2013)-73%
5 Year-60%
1 Year-35%
1 Month-14%
Octave Specialty Group last closing stock price
MetricPriceDate
Last closeUSD 5.592026-07-24
Octave Specialty Group stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-8.51%USD 6.112026-07-17
1 month-13.6%USD 6.472026-06-24
3 month+21.79%USD 4.592026-04-24
Year to date-28.15%USD 7.782025-12-31
1 year-35.15%USD 8.622025-07-24
3 year-61.34%USD 14.462023-07-25
5 year-59.99%USD 13.972021-07-23
Since inception-72.6%USD 20.402013-05-03

Octave Specialty Group Financials at a Glance

Market Cap

$251.63MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$292.64M

Net Income (TTM)

-$199.33M

EPS (TTM)

-$2.55

P/E Ratio

-2.19

Dividend

$0.00

Beta (Volatility)

0.65 (Low)

Price

$5.75

Volume

92,086.253

Open

$5.66

Previous Close

$5.59

Daily Range

$5.66 - $5.79

52-Week Range

$3.88 - $10.38

Estimated Earnings Date

Aug 6, 2026

Motley Fool Moneyball Superscore

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Octave Specialty Group

Octave helps businesses find and manage specific types of insurance they need. It creates specialized policies for complex risks like workplace injuries and professional liability. The company also handles the distribution and administration of these niche insurance programs.

The Product Mix

  • Insurance Distribution: Managing General Agents and underwriters that provide niche coverage for property, marine, energy, and specialty auto risks.
  • Specialty P&C Insurance: A group of five carriers known as Everspan that offer commercial and personal liability protection.
  • Accident and Health: Specialized underwriting services for medical and health-related insurance products for various groups.
  • Professional Lines: Insurance solutions designed for directors, officers, and other professionals facing specific legal and liability risks.

New Paths for Growth

  • Completed the acquisition of ArmadaCorp Capital, LLC and its subsidiaries in October 2025.
  • Sold the legacy financial guarantee business including Ambac Assurance Corporation in September 2025.
  • Changed its corporate name from Ambac Financial Group to Octave Specialty Group in November 2025.
  • Expanded its underwriting capabilities into specialty auto and environmental commercial package lines.

What Makes Octave Different

Octave operates a hybrid model that combines insurance carriers with a wide-reaching distribution network of managing agents. Its carriers maintain an A- Excellent rating from AM Best, which measures the financial strength of insurance companies.

The Latest Numbers

  • Revenue reached $104.2 million in Q1 2026, up 66% from $62.8 million in Q1 2025.
  • Net income turned positive at $7.6 million in Q1 2026, improved from a loss of $46.4 million in Q1 2025.
  • Operating income improved to a loss of $3.3 million in Q1 2026, compared to a $15.1 million loss in Q1 2025.
  • Free cash flow fell to negative $10.1 million in Q1 2026, down 132.2% from $31.3 million in Q1 2025.

Evolution of the Business

Octave has transitioned from a legacy financial guarantee firm into a specialized property and casualty insurance player. This strategic shift has driven recent revenue expansion and a return to positive net income.

AI Generated • May 13, 2026

Industry

Insurance

Employees

483

CEO

Claude L. LeBlanc, MBA, CPA

Headquarters

New York, NY 10007, US

OSG Financials

Key Financial Metrics (TTM)

Gross Margin

78.63%

Operating Margin

-30.50%

Net Income Margin

-68.12%

Return on Equity

-25.46%

Return on Capital

-12.12%

Return on Assets

-8.79%

Earnings Yield

-45.66%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$251.63MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

45.01M

Volume

92.09K

Avg. Volume

616.18K

Financials (TTM)

Gross Profit

$230.09M

Operating Income

-$89.25M

EBITDA

-$28.99M

Operating Cash Flow

-$49.75M

Capital Expenditure

$0.00

Free Cash Flow

-$49.75M

Cash & ST Invst.

$322.92M

Total Debt

$117.06M

Octave Specialty Group Performance Analysis

Octave Specialty Group annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 379,000,00034.4%
20232023-12-31USD 124,728,000-67.1%
20242024-12-31USD 235,815,00089.1%
20252025-12-31USD 251,222,0006.5%
Octave Specialty Group sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-12.4%
Q32025-09-3021.2%
Q42025-12-310.4%
Q12026-03-3155.7%
Octave Specialty Group annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 11.31N/A
20232023-12-31USD 0.18-98.4%
20242024-12-31USD 0.18-2.3%
20252025-12-31USD -3.44N/A
Octave Specialty Group sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-26.2%
Q32025-09-30-51.9%
Q42025-12-3164.1%
Q12026-03-3184.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$104.17M

+66.0%

Gross Profit

$64.12M

+68.5%

Gross Margin

61.55%

N/A

Market Cap

$251.63MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$520.96K

N/A

Employees

483

N/A

Net Income

$7.65M

+116.5%

EBITDA

$10.96M

+2397.7%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$322.92M

+2.6%

Total Debt

$117.06M

-22.0%

Accounts Receivable

$663.71M

+37.8%

Inventory

$0.00

N/A

Long Term Debt

$117.06M

N/A

Short Term Debt

$0.00

-100.0%

Return on Assets

-8.79%

N/A

Return on Invested Capital

-6.80%

N/A

Free Cash Flow

-$10.08M

-132.2%

Operating Cash Flow

-$10.08M

-132.2%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
MBIMBIA Inc.
$5.72+0.97%
TWFGTWFG, Inc. Common Stock
$26.44+0.60%
RMRegional Management Corp.
$42.05+0.96%
GBLIGlobal Indemnity Group, LLC
$27.25+0.93%

Trending Stocks

Symbol / CompanyPricePrice Chg
NVDGraniteShares ETF Trust - GraniteShares 2x ShortDA Daily ETF
$5.24+0.10%
BMNRBitmine Immersion Technologies
$17.38+0.10%
SKHYSK Hynix
$141.20-0.09%
SKDDGraniteShares ETF Trust - GraniteShares 2x Short Sk Hynix Daily ETF
$17.52+0.18%

Questions About OSG

What is the current price of Octave Specialty Group?

Octave Specialty Group is trading at $5.75 per share.

What is the 52-week range for Octave Specialty Group?

Over the past 52 weeks, Octave Specialty Group has traded between $3.88 and $10.38.

How much debt does Octave Specialty Group have?

As of the most recent reporting period, Octave Specialty Group reported total debt of $117.06M.

How much cash does Octave Specialty Group have on hand?

Octave Specialty Group reported $93.54M in cash and cash equivalents in its most recent financial results.

What is Octave Specialty Group’s dividend yield?

Octave Specialty Group does not currently have a dividend yield.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.