Octave Specialty Group, Inc. OSG R2K
Financial Services · Insurance - Specialty · United States
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.
READ MORE ›$5.48
-30.01% 1Y
Market & Price
Market Cap
$246.67M
Current Price
$5.48
High / Low (52W)
$10.08 / $3.94
Beta
0.79
Valuation
Stock P/E
-
Industry PE
12.01
Forward P/E
6.34
PEG Ratio
-
Book Value
$15.83
Price to Book
0.35
P/S
0.84
EV/EBITDA
-324.62
Dividend Yield
-
Profitability & Returns
ROCE
-
ROE
-7.51%
ROA
-0.55%
Profit Margin
-75.91%
Op Margin
2.81%
EPS (Latest Qtr)
$-0.13
EPS (TTM)
$-2.03
Balance Sheet & Liquidity
Debt/Equity
0.11
Quick Ratio
0.42
Current Ratio
1.00
Debt
$117.06M
Total Assets
$2.22B
Current Assets
-
Working Capital
-
Ownership
Promoter Holding
7.84%
Chg in Prom Hold
-
FII / Inst Holding
74.73%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$541.46M
Total Revenue (TTM)
$292.64M
EBITDA
$-1.67M
Free Cash Flow
$338.41M
Operating Cash Flow
$-49.75M
Shares Outstanding
45.01M
Gross Margin
60.58%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
66.77%
Profit 5Y
-50.07%
Revenue (YoY)
66.00%
Earnings (YoY)
-
PROS
- Compounding revenue at 66.8% over 5 years.
- Generates positive free cash flow.
CONS
- Earnings shrank at -50.1% CAGR over 5 years.
- Trading 45.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | OSG Octave Specialty Group, Inc. R2K | 5.48 | - | $246.67M | - | - | -7.51% | 66.77% | -50.07% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
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Quarterly Results
Figures in USD.
| Metric | Mar 2011 | Sep 2011 | Mar 2012 | Sep 2012 | Mar 2013 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.00M | 6.00M | 7.00M | 9.00M | 6.00M | 7.00M | 14.00M | 10.00M | 15.00M | - | 17.73M | 13.22M | - | - | 62.76M | 54.96M | 66.61M | 64.33M | 104.17M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9.65M | -17.40M | -25.89M | -29.42M | -1.25M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.45M | 5.57M | 6.18M | 1.43M | 2.09M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -15.11M | -22.97M | -32.08M | -30.85M | -3.34M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -617.00K | -2.17M | -1.24M | -1.18M | -481.00K |
| Net Income | -819.28M | -75.51M | 253.32M | 157.54M | 282.30M | -125.44M | 7.11M | -190.91M | -19.48M | 306.00M | 4.00M | -104.00M | -20.00M | -43.00M | -128.00M | 66.00M | -110.00M | -280.00M | -35.00M | -108.00M | -14.00M | 17.00M | -29.00M | 17.00M | 2.00M | 5.00M | 340.00M | -33.42M | -13.13M | 65.87M | -15.69M | 20.77M | -750.00K | - | - | -46.39M | -72.70M | -112.62M | -29.98M | -6.85M |
| Diluted EPS | -2.71 | -0.25 | 0.84 | 0.52 | 0.93 | -2.77 | 0.16 | -4.20 | -0.43 | 6.70 | 0.09 | -2.27 | -0.45 | -0.94 | -2.79 | 1.41 | -2.40 | -6.07 | -0.77 | -2.33 | -0.31 | 0.08 | -0.63 | 0.35 | 0.04 | 0.11 | 7.41 | -0.73 | -0.29 | 1.44 | -0.24 | 0.44 | -0.02 | - | - | -1.21 | -1.54 | -2.35 | -0.84 | -0.13 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 53.61M | 124.75M | 235.32M | 248.64M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | - | - | - | - | - | - | - | - | -35.71M | -24.22M | -50.47M | -82.37M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | 0 | 0 | 9.38M | 18.64M |
| Pretax Income | - | - | - | - | - | - | - | - | - | -35.71M | -24.22M | -59.84M | -101.01M |
| Tax Provision | - | - | - | - | - | - | - | - | - | -462.00K | -989.00K | -924.00K | -5.21M |
| Net Income | -753.20M | -1.96B | -256.68M | 74.84M | -329.00M | 186.00M | -216.00M | -437.00M | - | 521.25M | 3.63M | -556.45M | -261.69M |
| Diluted EPS | - | -6.48 | -0.85 | 1.64 | -7.25 | 3.99 | -4.69 | -9.47 | - | 11.31 | 0.18 | -11.96 | -5.93 |
Compounded Sales Growth
| 5 Years: | 66.77% |
| 1 Year: | 66.00% |
Compounded Profit Growth
| 5 Years: | -50.07% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -30.01% |
| 6 Months: | -37.59% |
| 3 Months: | +2.43% |
| 1 Month: | +23.70% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Apr 2013 | Dec 2013 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Oct 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 29.05B | 27.11B | 27.01B | 28.85B | - | - | - | 23.19B | 14.59B | 13.32B | 13.22B | - | 7.97B | 8.43B | 8.06B | - | 2.22B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash & Equivalents | 112.08M | 9.50M | 16.00M | 43.84M | - | - | - | 91.03M | 624.00M | 63.00M | 24.00M | 20.00M | - | 14.00M | 19.22M | 47.27M | - | 68.44M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | 655.00M | 210.89M | 363.41M | - | 511.18M |
| Total Liabilities | - | 30.40B | 30.26B | 30.25B | 28.39B | - | - | - | 21.55B | 12.96B | 11.78B | 12.07B | - | 6.65B | 7.00B | 6.86B | - | 1.14B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Long Term Debt | - | 208.26M | 223.60M | 150.17M | - | 963.18M | - | - | 991.70M | 2.93B | 2.82B | 2.74B | 6.45B | 3.75B | 3.48B | - | 100.00M | 117.56M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.75B | 0 | 150.00M | - | 117.56M |
| Total Equity | - | -2.01B | -3.81B | -3.91B | - | - | 1.96B | - | 1.38B | 1.59B | 1.48B | 1.08B | - | 1.25B | 1.36B | 798.36M | - | 715.79M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | 46.66M | 46.66M | 48.88M | - | 48.88M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.09B | 3.56M | -613.90M | 830.31M | -221.00M | -1.54B | -311.00M | -175.00M | - | 70.37M | 36.95M | 762.00K | -52.28M |
| Investing Cash Flow | 2.47B | 228.03M | 1.04B | -453.09M | 1.16B | 1.59B | 1.00B | 432.00M | - | -41.16M | -26.68M | -166.37M | 199.94M |
| Financing Cash Flow | -487.28M | -225.08M | -396.24M | -318.98M | -412.00M | -585.00M | -691.00M | -303.00M | - | -19.23M | -10.99M | 194.22M | -126.30M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | 70.37M | 36.95M | 762.00K | -52.28M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | 9.97M | -717.00K | 28.61M | 21.36M |
| Share Buybacks | - | - | - | - | - | - | - | - | - | 14.22M | 4.51M | 11.70M | 29.94M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - | - | - | - | -66.6% | -19.4% | -21.4% | -33.1% |
| Net Margin % | - | - | - | - | - | - | - | - | - | 972.3% | 2.9% | -236.5% | -105.2% |
| ROE % | 37.5% | 51.4% | 6.6% | - | -23.8% | 11.7% | -14.6% | -40.5% | - | 41.6% | 0.3% | -69.7% | -36.6% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | - | - | - |
Shareholding Pattern
Insiders
7.84%
Institutions
74.73%
Public Float
81.09%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.70% | 3.92M | $21.47M |
| 2 | Western Standard, LLC | 4.99% | 2.25M | $12.32M |
| 3 | Vanguard Capital Management LLC | 4.32% | 1.95M | $10.66M |
| 4 | Prescott Group Capital Management, L.L.C. | 3.54% | 1.59M | $8.73M |
| 5 | Wolf Hill Capital Management, LP | 3.27% | 1.47M | $8.06M |
| 6 | Gendell, Jeffrey L. | 3.14% | 1.41M | $7.74M |
| 7 | Third Avenue Management, LLC | 2.98% | 1.34M | $7.35M |
| 8 | Dimensional Fund Advisors LP | 2.91% | 1.31M | $7.18M |
| 9 | Bain Capital Credit, LP | 2.46% | 1.11M | $6.07M |
| 10 | Marshall Wace LLP | 2.37% | 1.07M | $5.84M |
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