Octave Specialty Group, Inc. (OSG)

Octave Specialty Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	131.1	157.02	135.22	3,327	5,049	5,671
Investments in Equity & Preferred Securities	28.3	-	-	123	143	51
Other Investments	295.83	155.9	218.83	922	904	1,036
Total Investments	455.23	312.92	354.05	4,713	6,341	6,851
Cash & Equivalents	27.52	29.61	7.34	44	21	20
Reinsurance Recoverable	440.46	306.19	165	115	55	33
Other Receivables	181.35	116.03	55.31	2,379	5,160	5,527
Deferred Policy Acquisition Cost	9.28	8.57	10.96	3	-	-
Property, Plant & Equipment	-	18.11	18.42	21	23	25
Goodwill	445.38	418.23	69.69	61	46	46
Other Intangible Assets	339.2	344.78	61.4	326	362	409
Restricted Cash	24.25	17.67	11.88	17	2	15
Other Current Assets	0.38	6,267	7,517	122	158	167
Other Long-Term Assets	224.84	219.08	157.15	172	135	127
Total Assets	2,148	8,058	8,428	7,973	12,303	13,220
Accrued Expenses	109.32	73.99	6.93	427	576	517
Unpaid Claims	437.54	349.06	197.09	805	1,570	1,759
Unearned Premiums	197.13	182.45	154.88	372	395	456
Reinsurance Payable	87.64	53	29.67	39	33	27
Current Portion of Long-Term Debt	-	-	-	1,086	2,034	1,949
Current Portion of Leases	-	5.01	-	-	-	-
Short-Term Debt	-	150	-	-	-	-
Long-Term Debt	-	-	-	3,746	6,446	7,232
Long-Term Leases	-	16.54	22.04	25	28	30
Long-Term Deferred Tax Liabilities	68.87	70.14	-	-	-	24
Other Current Liabilities	-	5,888	6,542	-	1	-
Other Long-Term Liabilities	96.81	74.68	44.16	148	104	79
Total Liabilities	1,000	6,863	6,997	6,648	11,187	12,073
Common Stock	0.49	0.49	0.47	-	-	-
Additional Paid-In Capital	367.08	331.01	291.76	274	257	242
Retained Earnings	491.73	742.19	1,246	1,245	726	759
Treasury Stock	-27.7	-28.34	-16.57	-15	-3	-1
Comprehensive Income & Other	11.78	-188.44	-160.05	-252	58	80
Total Common Equity	843.38	856.91	1,362	1,252	1,038	1,080
Minority Interest	304.04	338.62	70.04	73	78	67
Shareholders' Equity	1,147	1,196	1,432	1,325	1,116	1,147
Total Liabilities & Equity	2,148	8,058	8,428	7,973	12,303	13,220
Filing Date Shares Outstanding	43.81	46.24	45.2	45.29	46.34	45.85
Total Common Shares Outstanding	46.7	46.51	45.2	44.97	46.3	45.81
Total Debt	-	171.54	22.04	4,857	8,508	9,211
Net Cash (Debt)	27.52	-141.94	-14.7	-4,813	-8,487	-9,191
Net Cash Per Share	0.57	-3.02	-0.32	-105.27	-182.38	-199.17
Book Value Per Share	18.06	18.43	30.13	27.84	22.42	23.58
Tangible Book Value	58.81	93.9	1,231	865	630	625
Tangible Book Value Per Share	1.26	2.02	27.23	19.23	13.61	13.64

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q