{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-22-000157","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2022-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.809261+00:00","generated_at":"2026-06-22T04:50:57.623811+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Ambac posts Q3 net income of $340M on $319M RMBS settlement gain; book value per share up 29%","bullets":["Net income of $340M ($7.41 diluted EPS); adjusted earnings of $338M ($7.37 diluted EPS).","$319M gain from $1.84B legacy RMBS litigation settlement with Bank of America; $78M remaining gain to be recorded in Q4 2022.","Book value per share $22.43; adjusted book value per share $23.13, up 34% from June 30, 2022.","Specialty P&C insurance production $58M, up 76% YoY; Insurance Distribution premiums placed $28.4M.","Redeemed $1.2B Sitka Notes and $213M Tier II Notes; acquired All Trans Risk Solutions and Capacity Marine."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-22-000157","json":"https://secwatch.observer/filing/0000874501-22-000157.json","markdown":"https://secwatch.observer/filing/0000874501-22-000157.md","text":"https://secwatch.observer/filing/0000874501-22-000157.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000157/0000874501-22-000157-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000157/ambc-20221108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T04:50:57.623811+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"be9da84141ddef10fd86252a7eb9006d0ff2d2bb","claim":"OCTAVE SPECIALTY GROUP INC reported third quarter ended September 30, 2022 results: net income $340 million, EPS $7.41.","evidence_excerpt":"On November 8, 2022, Ambac Financial Group, Inc. issued a press release announcing financial results for its third quarter ended September 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874501/000087450122000157/0000874501-22-000157-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Net income","value":"$340 million"},{"label":"EPS","value":"$7.41"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}