Octave Specialty Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Premiums Earned	67.23	99.01	51.91	13.87	47
Investment Income	10.65	14.45	13.16	4.5	139
Net Gains on Investments	-	-	-	0.87	29
Total Other Revenues	173.34	122.36	59.66	34.37	34
Revenue	251.22	235.82	124.73	53.61	282
Revenue Growth (YoY)	6.53%	89.06%	132.65%	-80.99%	80.77%
Insurance Benefits & Claims	47.19	72.63	36.71	9.07	-88
Policy Amortization Costs	52.83	64.54	40.02	20.18	16
Other Operating Expenses	233.58	149.11	72.22	60.07	166
Operating Income	-82.37	-50.47	-24.22	-35.71	188
Interest Expense	-18.64	-9.38	-	-	-187
Other Non-Operating Income (Expense)	-	-	-	1.13	33
Total Non-Operating Income (Expense)	-18.64	-9.38	-	1.13	-154
Pretax Income	-101.01	-59.85	-24.22	-35.71	34
Provision for Income Taxes	-	-	-	-	18
Net Income	-261.69	-556.45	3.63	522.38	-17
Minority Interest in Earnings	-2.6	-0.36	-1.32	-0.87	-1
Earnings From Discontinued Operations	-163.29	-497.17	28.18	557.36	-
Net Income to Common	-261.69	-556.45	3.63	522.38	-17
Net Income Growth	-	-	-99.30%	-	-
Shares Outstanding (Basic)	47	47	46	46	47
Shares Outstanding (Diluted)	47	47	46	46	47
Shares Change (YoY)	0.45%	2.92%	-0.18%	-1.75%	0.84%
EPS (Basic)	-5.93	-11.96	0.18	11.48	-0.61
EPS (Diluted)	-5.93	-11.96	0.18	11.48	-0.61
EPS Growth	-	-	-98.43%	-	-
Free Cash Flow	-52.28	0.76	36.95	70.37	-131
Free Cash Flow Growth	-	-97.94%	-47.49%	-	-
Free Cash Flow Per Share	-1.11	0.02	0.81	1.54	-2.82
Operating Margin	-32.79%	-21.40%	-19.42%	-66.60%	66.67%
Profit Margin	-103.13%	-235.82%	3.97%	973.89%	-5.67%
FCF Margin	-20.81%	0.32%	29.62%	131.25%	-46.45%
EBITDA	-40.42	-30.52	-18.99	-34.83	190
EBITDA Margin	-16.09%	-12.94%	-15.23%	-64.97%	67.38%
EBIT	-82.37	-50.47	-24.22	-35.71	188
EBIT Margin	-32.79%	-21.40%	-19.42%	-66.60%	66.67%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	52.94%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q