{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-23-000035","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.336688+00:00","generated_at":"2026-06-18T23:08:26.538931+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Ambac Q4 net income $175M ($3.86/diluted); adjusted earnings $190M; book value up 24% to $27.85","bullets":["Net income $175M ($3.86 diluted) vs loss of $22M in Q4 2021; adjusted earnings $190M ($4.18 diluted).","Reduced debt and accrued interest by $1.8B; $121M net gain from RMBS litigation settlements with Bank of America and Nomura.","Specialty P&C premium production $90M, up 172% YoY; full year $282M, up 116%.","Book value per share $27.85 (+24% from prior quarter); adjusted book value $28.29 (+22%).","Acquired controlling interests in All Trans Risk Solutions and Capacity Marine, adding ~$60M annual premiums."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-23-000035","json":"https://secwatch.observer/filing/0000874501-23-000035.json","markdown":"https://secwatch.observer/filing/0000874501-23-000035.md","text":"https://secwatch.observer/filing/0000874501-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450123000035/0000874501-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450123000035/ambc-20230228.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T23:08:26.538931+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":"199e1b9458e6a9bf56f354f5873dfa60e3c5c318","claim":"OCTAVE SPECIALTY GROUP INC reported fourth quarter ended December 31, 2022 results: net income $175 million, EPS $3.86 per diluted share.","evidence_excerpt":"Ambac Financial Group, Inc. (NYSE: AMBC) (\"Ambac\" or \"AFG\"), a financial services holding company, today reported net income attributable to common stockholders of $175 million or $3.86 (1) per diluted share and adjusted earnings (2) of $190 million or $4.18 (1) per diluted share for the quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874501/000087450123000035/0000874501-23-000035-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter ended December 31, 2022"},{"label":"Net income","value":"$175 million"},{"label":"EPS","value":"$3.86 per diluted share"},{"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"}