NYSE$OSG
Octave Specialty Group Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported a net loss attributable to common stockholders and an adjusted loss, reflecting the impact of COVID-19 and the rebound of capital markets.
Ambac Financial Group reported a net loss of $35 million and an adjusted loss of $24 million for the second quarter of 2020. The lower net loss compared to the previous quarter was due to lower loss and loss expenses and the partial reversal of the financial market disruption from the first quarter. Results were positively impacted by improvements in investment income, net gains on derivative contracts, and lower interest and operating expenses.
- Net loss attributable to common stockholders was $35 million, or $0.77 per diluted share.
- Adjusted loss was $24 million, or $0.52 per diluted share.
- Book Value per Share increased to $23.34, while Adjusted Book Value per Share decreased to $21.06.
- Net investment income was $52 million, driven by unrealized mark-to-market gains within Ambac's pooled investment funds.
Headline financials
Revenue & EPS history
Ambac · Revenue · Quarterly
$75M
Revenue by segment
Ambac · $14.6M total across 1 segment · Q3 2023
- Insurance Distribution$14.6M+100.0%100.0%
Forward guidance
The company did not provide forward guidance in the earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.4%
Avg return
Earnings day
+1.5%
Avg return
5 days after
-0.4%
Avg return
30 days after
47%
24 / 51 earnings
Positive
+23.0%
Q1 2024
Best reaction
-19.9%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.7% | +26.9% | +24.9% | |
| Q3 2025 | +15.6% | +9.6% | -3.7% | |
| Q2 2025 | -15.9% | -0.8% | +9.8% | |
| Q1 2025 | -19.9% | -3.7% | -18.6% | |
| Q4 2024 | -10.8% | -22.4% | -25.8% | |
| Q3 2024 | +11.0% | +6.3% | +13.9% | |
| Q1 2024 | +23.0% | +23.8% | -5.9% | |
| Q4 2023 | +1.6% | -2.9% | -6.2% | |
| Q3 2023 | +7.2% | +17.1% | +19.9% | |
| Q2 2023 | -5.1% | -1.9% | -8.3% | |
| Q1 2023 | -3.1% | -3.1% | -7.1% | |
| Q4 2022 | +5.4% | +4.3% | -7.3% | |
| Q3 2022 | +0.7% | +12.0% | +21.7% | |
| Q2 2022 | +15.5% | +33.6% | +31.3% | |
| Q1 2022 | +6.2% | +15.1% | +51.7% | |
| Q4 2021 | -6.5% | -14.0% | -38.3% | |
| Q3 2021 | -4.0% | -2.5% | -7.9% | |
| Q2 2021 | -3.7% | -1.0% | -3.7% | |
| Q1 2021 | -11.4% | -16.5% | -9.2% | |
| Q4 2020 | -1.1% | +0.2% | -1.2% | |
| Q3 2020 | +12.2% | +10.0% | +36.8% | |
| Q2 2020 | +2.5% | +4.7% | -3.5% | |
| Q1 2020 | -16.4% | -25.1% | -15.3% | |
| Q4 2019 | -1.6% | -2.3% | -40.8% | |
| Q3 2019 | -0.1% | -0.4% | +1.3% | |
| Q2 2019 | +0.1% | +1.6% | +1.8% | |
| Q1 2019 | -8.5% | -8.8% | -20.0% | |
| Q4 2018 | +3.6% | +2.3% | -7.9% | |
| Q3 2018 | -10.1% | -12.3% | -22.3% | |
| Q2 2018 | +5.8% | +5.4% | +2.0% | |
| Q1 2018 | +8.3% | +10.2% | +17.5% | |
| Q4 2017 | +0.1% | -0.9% | +3.4% | |
| Q3 2017 | -13.9% | -9.7% | -3.2% | |
| Q2 2017 | -0.5% | -4.4% | -10.7% | |
| Q1 2017 | -5.6% | -5.8% | -7.1% | |
| Q4 2016 | -0.5% | +1.8% | -15.4% | |
| Q3 2016 | +9.8% | +14.5% | +35.6% | |
| Q2 2016 | -4.1% | -3.9% | +1.3% | |
| Q1 2016 | -1.2% | — | — | |
| Q4 2015 | +9.0% | — | — | |
| Q3 2015 | -6.2% | — | — | |
| Q2 2015 | +14.4% | — | — | |
| Q1 2015 | +6.4% | — | — | |
| Q4 2014 | -0.9% | — | — | |
| Q3 2014 | +5.8% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | +7.3% | — | — | |
| Q4 2012 | +7.3% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2010 | — | — | — |
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