NYSE$OSG

Octave Specialty Group Inc · Q2 2024 earnings

Q2 2024 earnings · · After market close · Investor relations

Briefing

Octave Specialty Group Inc reported Q2 2024 results with total revenues of $105 million and a net loss of $1 million.

The company reported total revenues of $105 million for the quarter ended June 30, 2024. Net loss attributable to common stockholders was $1 million or $0.02 per share. Pretax income was $2 million with the legacy financial guarantee segment contributing positively.

  • Total revenues reached $105 million in Q2 2024.
  • Net loss was $1 million or $0.02 per diluted share.
  • Pretax income was $2 million.
  • Specialty property and casualty insurance revenues were $32 million.

Headline financials

Total Revenue

$105M

Previous: $62M+69.4%
EPS (adj)

-$0.02

Previous: $0.07-128.6%
Capital Expenditures

$0.00

No prior period
Net Income

-$1M

Previous: -$13M+92.3%
Operating Income

$2M

Previous: -$29M+106.9%
Stock-Based Comp

$2M

Previous: $5M-60.0%

Revenue & EPS history

Ambac · Revenue · Quarterly

$105M

Q2 2024+69.4%vs Q2 2023
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

Ambac · $85M total across 2 segments · Q2 2024

  • Legacy Financial Guarantee
    $53M
  • Specialty Property & Casualty
    $32M+199.1%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2024
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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