OCTAVE SPECIALTY GROUP INC (OSG)
Financials · Specialty insurance distribution and underwriting · NYSE
Octave is a financial services holding company building specialty insurance distribution and underwriting businesses through MGAs and proprietary carriers.
What OCTAVE SPECIALTY GROUP INC does
Octave Specialty Group is a financial services holding company that operates two principal business segments: Insurance Distribution (specialty P&C insurance underwriting and distribution through Managing General Agents and Underwriters, brokers, and other distribution businesses) and Specialty Property & Casualty Insurance (insurance underwriting through five carriers branded as Everspan with A.M. Best rating of A-). The company recently sold its Legacy Financial Guarantee business and acquired ArmadaCorp, a specialty accident and health MGA, to expand its insurance distribution platform across multiple lines of business including property, niche specialty risk, accident & health, professional lines, and D&O.
Themes: ["Insurance distribution / MGAs","Specialty P&C insurance underwriting","Niche insurance markets","Accident & health insurance","Professional liability / D&O"]
Fundamentals
- Price$6.08 as of 2026-07-09 close
- Market cap$275M as of 2026-07-10
- 1-year return-16.3% as of 2026-07-09 close
- Net margin-79.8% as of 2026-07-10
- Gross margin+56.4% as of 2026-07-10
- ROE-28.4% as of 2026-07-10
- Debt / equity0.16 as of 2026-07-10
- Revenue growth (YoY)+45.8% as of 2026-07-10
- Revenue CAGR (3y)+67.3% SEC XBRL
- Beta0.87 as of 2026-07-10
Key risks (from latest filing)
["Company is currently unprofitable with -79.82% net margin and negative stock performance (-16.25% 1Y return), indicating execution risk on turnaround strategy and integration of recent acquisitions like ArmadaCorp.","Material acquisition activity and capital requirements: Octave continuously evaluates acquisition opportunities that may be material and may require raising capital, creating uncertainty around financing and dilution.","Insurance underwriting exposure: The company's Specialty P&C Insurance segment underwrites commercial and personal liability risks, exposing it to underwriting losses, claims volatility, and catastrophic losses."]
Competitors & peers
- Aon (AON)
- Marsh & McLennan (MMC)
- Willis Towers Watson (WTW)
- Alliant Insurance Services
- Carrier Group Holdings
- Arthur J. Gallagher & Co.
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.