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OSGNYSESurety InsuranceFiscal year ends December 31

OCTAVE SPECIALTY GROUP INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$4.62−0.04 (-0.86%)

Close on Oct 19, 2026

Market cap
$209.70M
P/E (TTM)
–
Dividend yield
–

About Octave Specialty

Surety Insurance, SIC 6351

Octave Specialty Group, Inc. is a financial services holding company operating in specialty property and casualty insurance underwriting and program distribution. The company organizes operations into two principal business segments: Insurance Distribution and Specialty Property and Casualty Insurance. The Insurance Distribution division includes managing general agents, managing general underwriters, and an insurance broker offering risk solutions across lines such as accident and health, specialty auto, property, surety, marine and energy, and professional liability. The Specialty Property and Casualty Insurance division operates program insurance carriers under the Everspan brand, underwriting commercial and personal liability risks sourced through managing general agents, program administrators, brokers, and reinsurers. Its clients include commercial businesses, private organizations, school bus operators, and individual policyholders.

The company operates five program insurance carriers across the United States within its Everspan group, including an excess and surplus lines carrier eligible in all U.S. states and territories, and maintains an international underwriting presence in London with access to two managed Lloyd's syndicates. Octave Specialty Group is headquartered in New York City.

Summary of the business section of Octave Specialty's latest annual report, written by StockData.

Company profile

Company

Legal name
OCTAVE SPECIALTY GROUP INC
Founded
1991
Headquarters
New York, NY
Address
40 Wall Street, 55th Floor 10005
Phone
(212) 658-7470
Employees
275, Dec 31, 2025
Industry
Surety Insurance
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
KPMG LLP, New York, NY

Stock & identifiers

Ticker
OSG
Exchange
NYSE
IPO date
May 1, 2013
Shares outstanding
45M, Aug 4, 2026
Public float
$313.63M, Jun 30, 2025
Filer category
Accelerated filer
SEC CIK
874501
CUSIP
023139884
ISIN
US0231398845
LEI
5493000UC0RBBNDHI717
EIN
13-3621676

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Claude LeBlancChief Executive Officer, Director1,087,011
David TrickExec VP, CFO & Treasurer267,096
R. Sharon SmithExec VP & Group COO156,326
Cristina E. AhnChief Accounting Officer632
Lawrence F. Metz*See Remarks for full title–
Stephen Michael KsenakSr. MD & General Counsel248,778
Daniel McGinnisSr. MD & COO48,288
David BarrancoSenior Managing Director128,604
Robert Bryan EismanSr. MD & CAO70,795
Lisa G. IglesiasDirector82,327
Michael D. PriceDirector205,477
Kristi Ann MatusDirector48,179
Ian David HaftDirector131,921
Jeffrey Scott SteinDirector217,807
Joan M. LammtennantDirector106,990

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025
Claude LeBlanc
$10.36M$7.15M$2.82M$51$126
FY2024
Claude LeBlanc
$6.34M$1.79M$2.04M$59$150
FY2023
Claude LeBlanc
$6.92M$7.05M$2.20M$76$130
FY2022
Claude LeBlanc
$6.19M$9.87M$2.06M$81$105
FY2021
Claude LeBlanc
$6.98M$8.27M$2.19M$75$145
FY2020
Claude LeBlanc
$6.01M$2.78M$1.99M$71$131

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Employees

Headcount reported in annual reports

“As of December 31, 2025, Octave had 275 employees in the United States and Bermuda and 208 employees within the United Kingdom.”

Corporate history

Events identified from SEC filings

DateEventDetails
Dec 15, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
Nov 10, 2025Name changeName changed from AMBAC FINANCIAL GROUP INC to OCTAVE SPECIALTY GROUP INC
Nov 3, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Sep 29, 2025Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Sep 6, 2024Merger voteDefinitive merger proxy statement
Aug 2, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Apr 28, 2023DelistingNotice of delisting from exchange (Form 25)
Feb 3, 2020DelistingNotice of delisting from exchange (Form 25)
Jan 30, 2020ListingRegistration of securities on an exchange (Form 8-A)
Jan 23, 2020Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 11, 2016Late filingNotification of late filing
May 1, 2013ListingRegistration of securities on an exchange (Form 8-A)
Mar 20, 2012BankruptcyBankruptcy or receivership (8-K Item 1.03)
Jan 30, 2012DeregistrationTermination of SEC registration (Form 15)
Dec 17, 2010DelistingNotice of delisting from exchange (Form 25)
Nov 10, 2010Late filingNotification of late filing
Nov 10, 2010Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Nov 10, 2010BankruptcyBankruptcy or receivership (8-K Item 1.03)
Jul 6, 2010Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 11, 2010Late filingNotification of late filing
Mar 16, 2010Late filingNotification of late filing
Feb 3, 2010ListingRegistration of securities on an exchange (Form 8-A)
Dec 10, 2009Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 11, 2009Late filingNotification of late filing
Mar 11, 2008ListingRegistration of securities on an exchange (Form 8-A)
Oct 23, 2006DelistingNotice of delisting from exchange (Form 25)
Aug 22, 2006Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Apr 30, 2003DelistingNotice of delisting from exchange (Form 25)
Mar 26, 2003ListingRegistration of securities on an exchange (Form 8-A)
Mar 3, 2003ListingRegistration of securities on an exchange (Form 8-A)