Ambac Q3 net loss $112.6M; Insurance Distribution revenue up 80%, Everspan premiums down

OCTAVE SPECIALTY GROUP INC

2025-Q2 EPS reported -$5.11 revenue$184,319,000

Net loss attributable to shareholders of $112.6M ($2.35 per diluted share) vs $27.5M loss last year.
Total P&C premium production up 32% to $343M; Insurance Distribution revenue grew 80% to $43M.
Adjusted EBITDA from continuing ops to shareholders was -$2.9M vs +$1.9M YoY.
Everspan net premiums written down 46% to $18M; expects combined ratio improvements by 2026-27.
AFG repurchased 3.1M shares in Oct. at avg $8.48 (6.7% of shares outstanding).

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