# Octave Specialty Group Inc (OSG)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/octave-specialty-group-inc/ JSON: https://steadybase.io/company/octave-specialty-group-inc.json Checked Nov 10, 2026. Latest filing read: Aug 6, 2026.

## Company

- Legal name: OCTAVE SPECIALTY GROUP INC
- Ticker: OSG (NYSE)
- SEC CIK: 0000874501
- Industry: Surety Insurance (SIC 6351)
- Headquarters: New York, NY
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: octavegroup.com
- Investor relations: https://octavegroup.com/investor-relations/investor-overview/default.aspx
- LinkedIn: https://www.linkedin.com/company/octave-specialty-group
- Next earnings date: Nov 9, 2026

## Key facts

- Revenue: $251.2M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/0001628280-26-014653-index.html
- Net income: -$259.1M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/0001628280-26-014653-index.html
- SG&A: $191.6M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 4, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/0001628280-26-014653-index.html
- Employees: 483 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Shares outstanding: 45,061,214 as of Nov 5, 2026 (10-Q filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026072236/0001628280-26-072236-index.html
- Auditor: Kpmg LLP, New York, NY, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm

## Business

Octave Specialty Group, Inc. ("OSG"), headquartered in New York City, is a financial services holding company incorporated in the State of Delaware on April 29, 1991 and was formerly known as Ambac Financial Group, Inc. ("AFG"). In the fourth quarter of 2025, AFG changed its name and rebranded as OSG in connection with the sale of its Legacy Financial Guarantee business. References to "Octave," "OSG," the “Company,” “we,” “our,” and “us” are to OSG and its subsidiaries, as the context requires.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Net income | SG&A |
|---|---|---|---|
| Dec 31, 2025 | $251.2M | -$259.1M | $191.6M |
| Dec 31, 2024 | $235.8M | -$556.1M | $129.2M |
| Dec 31, 2023 | $124.7M | $5.0M | $67.0M |
| Dec 31, 2022 | $53.6M | $522.1M | $56.3M |
| Dec 31, 2021 | $282.0M | -$17.0M | $111.0M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/octave-specialty-group-inc.json

## Officers and directors

- Claude LeBlanc, Chief Executive Officer. Source: Form 4 filed Jul 13, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026048011/0001628280-26-048011-index.htm
- David Trick, Exec VP, CFO & Treasurer. LinkedIn: https://linkedin.com/in/david-trick-4688738. Source: Form 4 filed Jul 13, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026047997/0001628280-26-047997-index.htm
- R. Sharon Smith, Exec VP & Group COO. Source: Form 4 filed Jul 13, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026048005/0001628280-26-048005-index.htm
- Cristina E. Ahn, Chief Accounting Officer. Source: Form 4 filed Mar 25, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026021064/0001628280-26-021064-index.htm
- Cristina Ahn, Chief Accounting Officer. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Jeffrey S. Stein, Chairman of the Board and Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Lawrence F. Metz, *See Remarks for full title. Source: Form 4 filed Mar 25, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026021055/0001628280-26-021055-index.htm
- Ian D. Haft, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Joan Lamm-Tennant, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Kristi A. Matus, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Lisa G. Iglesias, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- Michael D. Price, Director. Source: 10-K filed Mar 4, 2026, https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm

## Recent 8-K events

- Aug 6, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026054440/ambc-20260806.htm
- May 29, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026039234/osg-20260528.htm
- May 6, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026031377/ambc-20260506.htm
- Apr 7, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.03, Creation of a direct financial obligation; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026024072/ambc-20260401.htm
- Feb 23, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026010639/ambc-20260223.htm
- Jan 6, 2026: Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026000870/ambc-20260106.htm
- Dec 15, 2025: Item 4.01, Changes in registrant's certifying accountant; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828025057024/ambc-20251210.htm
- Nov 10, 2025: Item 5.03, Amendments to articles or bylaws; change in fiscal year; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828025051169/ambc-20251110.htm
- Nov 10, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828025051048/ambc-20251110.htm
- Nov 3, 2025: Item 1.01, Entry into a material definitive agreement; Item 2.01, Completion of acquisition or disposition of assets; Item 2.03, Creation of a direct financial obligation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828025047943/ambc-20251031.htm

## Insider trades (Form 4)

- Jan 2, 2026: Claude LeBlanc (Chief Executive Officer) bought 12,000 shares, about $91,080. Source: https://www.sec.gov/Archives/edgar/data/874501/000138082026000001/0001380820-26-000001-index.htm
- Nov 12, 2025: R. Sharon Smith (Exec VP & Group COO) bought 20 shares, about $205. Source: https://www.sec.gov/Archives/edgar/data/874501/000170746125000005/0001707461-25-000005-index.htm
- Oct 1, 2025: Claude LeBlanc (Chief Executive Officer) bought 25,000 shares, about $213,500. Source: https://www.sec.gov/Archives/edgar/data/874501/000162828025043480/0001628280-25-043480-index.htm
- Aug 11, 2025: Claude LeBlanc (Chief Executive Officer) bought 25,000 shares, about $175,750. Source: https://www.sec.gov/Archives/edgar/data/874501/000087450125000133/0000874501-25-000133-index.htm

## What management said

- "Octave delivered a solid third quarter, with continued growth in our Insurance Distribution business and further progress at Everspan, despite a P&C market that has become more competitive as the year has progressed. While we expect market softening to continue into 2027, we believe that our operating model was built to perform through market cycles, and Octave is well positioned to deliver sustained, profitable growth toward our long-term goals" Claude LeBlanc, President and Chief Executive Officer of Octave (8-K filed Nov 9, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026072166/a03-0543q26ex991osgpressre.htm
- "Our core Insurance Distribution business delivered another quarter of strong performance led by revenue growth of 77% and organic revenue growth of 44%. Our Insurance Distribution top-line success translated to a near fourfold increase in Adjusted EBITDA to shareholders during the second quarter of 2026 compared to 2025. These results reflect the successful 2025 acquisition of ArmadaCare and the diversification of our portfolio of MGAs against the backdrop of increasingly sof" Claude LeBlanc, President and Chief Executive Officer of Octave (8-K filed Aug 6, 2026). Source: https://www.sec.gov/Archives/edgar/data/874501/000162828026054440/a03-0532q26ex991osgpressre.htm

## Latest filings

- 8-K filed Aug 6, 2026: https://www.sec.gov/Archives/edgar/data/874501/000162828026054440/ambc-20260806.htm
- 10-K filed Mar 4, 2026: https://www.sec.gov/Archives/edgar/data/874501/000162828026014653/ambc-20251231.htm
- 10-Q filed Aug 6, 2026: https://www.sec.gov/Archives/edgar/data/874501/000162828026054446/ambc-20260630.htm
- DEF 14A filed Apr 10, 2026: https://www.sec.gov/Archives/edgar/data/874501/000162828026024684/ambc-20260410.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/