{"schema_version":"secwatch.filing_event.v1","accession":"0000874501-24-000127","form_type":"8-K","ticker":"OSG","cik":"0000874501","company_name":"OCTAVE SPECIALTY GROUP INC","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.237517+00:00","generated_at":"2026-06-02T22:40:58.199466+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 Q1 net income $20M, adjusted EPS $0.82; P&C premium production up 45% YoY","bullets":["Net income of $20M ($0.43/diluted share); adjusted net income $38M ($0.82/share).","Specialty P&C combined ratio 98.4%, improving from 121.9% YoY; first quarterly underwriting profit.","P&C premium production $187M, up 45% YoY; Cirrata EBITDA $5M on $90M premiums placed.","Legacy Financial Guarantee pretax income $24.8M vs loss $32.1M; strategic review ongoing with active discussions.","Book value per share $30.19; adjusted book value $29.03, up marginally from prior quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0000874501-24-000127","json":"https://secwatch.observer/filing/0000874501-24-000127.json","markdown":"https://secwatch.observer/filing/0000874501-24-000127.md","text":"https://secwatch.observer/filing/0000874501-24-000127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000127/0000874501-24-000127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000127/ambc-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T22:40:58.199466+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":"f571952a78bc922f70c87bcdc9d2b8a70372fee1","claim":"OCTAVE SPECIALTY GROUP INC reported the quarter ended March 31, 2024 results: net income Net income of $20 million, EPS $0.43 per diluted share.","evidence_excerpt":"Ambac Financial Group, Inc. issued a press release announcing financial results for its first quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/874501/000087450124000127/0000874501-24-000127-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"Net income of $20 million"},{"label":"EPS","value":"$0.43 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"}