---
schema_version: "secwatch.filing_event.v1"
accession: "0000874501-24-000244"
form_type: "8-K"
ticker: "OSG"
cik: "0000874501"
company_name: "OCTAVE SPECIALTY GROUP INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:33:24.522286+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ambac reports Q3 net loss of $28M ($0.63/diluted); board approves $50M buyback acceleration

## Summary
- Net loss of $28M ($0.63 diluted share); adjusted net loss of $19M ($0.46).
- Total P&C premium production $260M, up 86% YoY; Everspan combined ratio improved to 100.5%.
- Insurance Distribution revenue $24M (+64%); Specialty P&C revenue $40M (+158%).
- Beat Capital acquisition closed; three new MGAs added, total now 19.
- Legacy Financial Guarantee sale: only Wisconsin OCI approval remains; board accelerated $50M buyback.

## SEC filing metadata
- accession: 0000874501-24-000244
- form_type: 8-K
- ticker: OSG
- cik: 0000874501
- company_name: OCTAVE SPECIALTY GROUP INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/874501/000087450124000244/0000874501-24-000244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874501/000087450124000244/ambc-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000874501-24-000244
- JSON: https://secwatch.observer/filing/0000874501-24-000244.json
- Plain text: https://secwatch.observer/filing/0000874501-24-000244.txt

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