← OCTAVE SPECIALTY GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | — | — | — | — | — | — | $7.3m | $29.6m | — | |
| Short-term Investments | — | — | — | — | $492.0m | $414.0m | $507.0m | $200.5m | $127.6m | $146.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $23.0m | $61.0m | $28.0m | $47.3m | $68.4m | |
| Premiums Receivable, Net | $661.3m | $586.3m | $495.4m | $416.0m | $370.0m | $323.0m | $269.0m | $290.0m | $57.2m | $75.1m | |
| Goodwill | $0 | — | — | — | $46.0m | $46.0m | $61.0m | $69.7m | $418.2m | $540.3m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | — | $61.4m | $344.8m | $475.0m | |
| Intangible assets, less accumulated amortization | $962.1m | $847.0m | $718.9m | $427.0m | $409.0m | $362.0m | $326.0m | $307.0m | $344.8m | $475.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | — | — | — | $18.4m | $18.1m | $9.2m | |
| Other assets | $158.4m | $46.6m | $112.8m | $95.0m | $114.0m | $68.0m | $84.0m | $129.0m | $92.3m | $92.0m | |
| Additional Financial Items | |||||||||||
| Available-for-sale Securities | $5.6b | $4.7b | $3.5b | $3.3b | $2.9b | $2.3b | $2.0b | $1.7b | $157.0m | $122.3m | |
| Other Investments | $450.3m | $35.0m | $391.2m | $478.0m | $595.0m | $690.0m | $568.0m | $475.0m | $28.3m | $25.0m | |
| Investments, Total | $6.5b | $5.7b | $3.9b | $3.8b | $3.5b | $3.0b | $2.6b | $2.7b | $312.9m | $293.7m | |
| Receivables, Net, Current | — | — | — | — | — | — | — | $9.4m | $55.4m | $86.5m | |
| Reinsurance Recoverables, Including Reinsurance Premium Paid | — | — | — | $26.0m | $33.0m | $55.0m | $115.0m | $195.0m | $306.2m | $436.1m | |
| Deferred ceded premium | $69.6m | $52.2m | $61.1m | $82.0m | $70.0m | $90.0m | $124.0m | $204.0m | $148.3m | $146.4m | |
| Deferred Policy Acquisition Cost | — | — | — | — | — | $0 | $3.0m | $11.0m | $8.6m | $9.7m | |
| Disposal Group, Including Discontinued Operation, Assets | — | — | — | — | — | — | — | $7.5b | $6.3b | $0 | |
| Unearned premiums | $967.3m | $783.2m | $630.0m | $518.0m | $456.0m | $395.0m | $372.0m | $422.0m | $182.4m | $187.2m | |
| Liability for Claims and Claims Adjustment Expense | — | — | — | — | $1.8b | $1.6b | $805.0m | $893.0m | $349.1m | $460.0m | |
| Ceded premiums payable | $42.5m | $37.9m | $32.9m | $29.0m | $27.0m | $33.0m | $39.0m | $90.0m | $53.0m | $80.6m | |
| Capitalized Contract Cost, Net | — | — | — | — | — | $0 | $5.0m | $6.0m | $7.5m | $7.0m | |
| Other liabilities | $76.6m | $67.6m | $62.1m | $93.0m | $106.0m | $133.0m | $163.0m | $199.0m | $89.0m | $102.8m | |
| Total Octave Specialty Group, Inc. stockholders’ equity | $1.7b | $1.4b | $1.6b | $1.5b | $1.1b | $1.0b | $1.3b | $1.4b | $856.9m | $715.8m | |
| Total stockholders’ equity | $2.0b | $1.6b | $1.6b | $1.5b | $1.1b | $1.1b | $1.3b | $1.4b | $1.1b | $833.2m | |
| Assets | — | — | — | — | — | — | — | $8.4b | $8.1b | $2.2b | |
| Total assets | $22.6b | $23.2b | $14.6b | $13.3b | $13.2b | $12.3b | $8.0b | $8.4b | $8.1b | $2.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Accrued Liabilities for Commissions, Expense and Taxes | — | — | — | — | — | — | — | $6.9m | $71.4m | $115.6m | |
| Short-Term Debt | — | — | — | — | — | — | — | $0 | $150.0m | $0 | |
| Accrued interest payable | $422.0m | $437.0m | $375.8m | $441.0m | $517.0m | $576.0m | $427.0m | $475.0m | $2.6m | $1.3m | |
| Deferred Income Tax Liabilities, Net | $1.7m | $33.7m | $40.1m | $32.0m | $24.0m | — | — | $0 | $70.1m | $65.2m | |
| Long-term Debt | $1.1b | $991.7m | $2.9b | $2.8b | $3.1b | $2.6b | $878.0m | $697.0m | $0 | $117.6m | |
| Deferred Tax Liabilities, Net | — | — | — | — | — | — | — | $0 | $70.1m | $65.2m | |
| Liabilities | |||||||||||
| Liabilities | $20.7b | $21.5b | $13.0b | $11.8b | $12.1b | $11.2b | $6.6b | $7.0b | $6.9b | $1.1b | |
| Total liabilities held-for-sale | — | — | — | — | — | — | — | $6.5b | $5.9b | $0 | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | — | — | $17.1m | $140.9m | $253.0m | |
| Redeemable noncontrolling interest | — | — | — | — | $7.0m | $18.0m | $20.0m | $17.0m | $140.9m | $253.0m | |
| Nonredeemable noncontrolling interest | $264.1m | $264.1m | $41.1m | $60.0m | $60.0m | $60.0m | $53.0m | $53.0m | $197.8m | $117.4m | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $452k | $453k | $454k | $0 | $0 | $0 | $0 | $467k | $489k | $489k | |
| Additional Paid in Capital | $195.3m | $199.6m | $219.4m | $232.0m | $242.0m | $257.0m | $274.0m | $291.8m | $331.0m | $369.9m | |
| Retained Earnings (Accumulated Deficit) | $1.6b | $1.2b | $1.4b | $1.2b | $759.0m | $726.0m | $1.2b | $1.2b | $742.2m | $370.4m | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | — | — | ($160.0m) | ($188.4m) | $8.5m | |
| Accumulated other comprehensive income (loss) | ($39.0m) | ($52.2m) | ($48.7m) | $42.0m | $79.0m | $58.0m | ($253.0m) | ($160.0m) | ($188.4m) | $8.5m | |
| Treasury Stock, Value | ($496k) | ($471k) | ($473k) | $0 | ($1.0m) | ($3.0m) | ($15.0m) | ($17.0m) | ($28.3m) | ($33.5m) | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | — | — | $1.4b | $856.9m | $715.8m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $53.0m | $197.8m | $117.4m | |
| Liabilities and Equity | — | — | — | — | — | — | — | $8.4b | $8.1b | $2.2b | |
| Total liabilities, redeemable noncontrolling interest and stockholders’ equity | $22.6b | $23.2b | $14.6b | $13.3b | $13.2b | $12.3b | $8.0b | $8.4b | $8.1b | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.