Ambac Q3 net income $66M ($1.41 EPS); adjusted net income $94M ($2.00 EPS); P&C premium up 140%

OCTAVE SPECIALTY GROUP INC

2023-Q3 EPS reported $0.41 revenue$194,000,000

Net income $66M, diluted EPS $1.41; adjusted net income $94M, $2.00 per share.
Everspan gross premium $77M (+160% YoY); first quarterly pre-tax profit achieved.
Cirrata premiums placed $62M (+119% YoY); combined P&C production $140M.
Book value per share $28.00 (+1%); adjusted book value $27.90 (+3% from Q2).
Appointed Moelis & Company to explore strategic options for legacy financial guarantee business.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OCTAVE SPECIALTY GROUP INC reported third quarter ended September 30, 2023 results: net income Net income of $66 million or $1.41 per diluted share.

Period: third quarter ended September 30, 2023
Net income: Net income of $66 million or $1.41 per diluted share
Result: reported results

Exact text from the filing

On November 7, 2023, Ambac Financial Group, Inc. issued a press release announcing financial results for its third quarter ended September 30, 2023.

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

OCTAVE SPECIALTY GROUP INC filing history →

Source: SEC EDGAR

accession 0000874501-23-000149

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