---
schema_version: "secwatch.filing_event.v1"
accession: "0000874501-23-000149"
form_type: "8-K"
ticker: "OSG"
cik: "0000874501"
company_name: "OCTAVE SPECIALTY GROUP INC"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T18:30:27.940471+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000874501-23-000149
- form_type: 8-K
- ticker: OSG
- cik: 0000874501
- company_name: OCTAVE SPECIALTY GROUP INC
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/874501/000087450123000149/0000874501-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874501/000087450123000149/ambc-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874501-23-000149
- JSON: https://secwatch.observer/filing/0000874501-23-000149.json
- Plain text: https://secwatch.observer/filing/0000874501-23-000149.txt

## Key facts
- Earnings Releases
  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
  source text: On November 7, 2023, Ambac Financial Group, Inc. issued a press release announcing financial results for its third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/874501/000087450123000149/0000874501-23-000149-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.