← 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
Total Revenue $506.1m $621.2m $510.7m $496.0m $156.0m $282.0m $0 $51.3m $92.0m $143.4m
Revenues:
Additional Financial Items
Other Income — — — — — — — $200k $13.3m ($4.8m)
Realized Investment Gains (Losses) $39.3m $5.4m $111.6m $81.0m $22.0m $7.0m $31.0m $19k ($497k) ($2.6m)
Amortization of Intangible Assets — — — — — — — $4.2m $17.6m $38.0m
Foreign Currency Transaction Gain (Loss), before Tax — — — — — — — $0 $101k ($3.9m)
Income (Loss) from Continuing Operations before Income Taxes, Domestic — — — — — — — ($24.2m) ($58.0m) ($81.4m)
Income (Loss) from Continuing Operations, Per Basic Share — — — — — — ($1) ($0) ($0) ($2)
Income (Loss) from Continuing Operations, Per Diluted Share — — — — — — ($1) ($0) ($0) ($2)
Net premiums earned $197.3m $175.3m $111.1m $66.0m $54.0m $47.0m $56.0m $78.0m $99.0m $67.2m
Commissions — — — — — $26.0m $31.0m $51.0m $92.0m $37.0m
Program fees — — — — $0 $0 $3.0m $8.0m $13.5m $14.3m
Investment income — — — — — — — $13.2m $14.4m $10.6m
Net gains (losses) on derivative contracts ($30.2m) $75.9m $7.0m ($50.0m) ($50.0m) $22.0m $129.0m ($1.0m) $4.0m $1.0m
Other $17.4m ($706k) $4.9m $134.0m $3.0m $27.0m $10.0m $11.0m $13.3m ($4.8m)
Interest $124.3m $119.9m $242.3m $269.0m $222.0m $187.0m $168.0m $64.0m $9.4m $18.6m
Noncontrolling interest — — — — — ($1.0m) ($1.0m) ($1.0m) ($361k) ($2.6m)
Discontinued operations — — — — — — $557.4m $28.2m ($497.2m) ($163.3m)
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, Reclassification Adjustment from AOCI for Derecognition, after Tax — $0 $935k $0 $1.0m ($1.0m) $0 $0 ($356k) $1.1m
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax $23k $1.3m ($1.8m) ($1.0m) ($3.0m) ($1.0m) ($1.0m) $2.0m ($4.9m) $0
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share — — — — — — $12 $1 ($11) ($3)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share — — — — — — $12 $1 ($11) ($3)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest — — — — — ($1.0m) ($1.0m) ($1.0m) ($361k) ($2.6m)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest $0 $0 — — — — — $0 $3.1m ($25.2m)
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax $67.9m ($81.5m) $55.1m $65.0m — ($12.0m) ($225.0m) $51.0m ($939k) $19.6m
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax ($122.1m) $73.6m ($47.9m) $26.0m — ($8.0m) ($85.0m) $40.0m ($22.2m) $201.4m
Net income (loss) from discontinued operations — — — — — — $558.5m $28.2m ($497.2m) ($163.3m)
Insurance Agency Management Fee — — — — — — — $0 $6.4m $20.4m
Depreciation, Depletion and Amortization — — — — — — — $5.2m $19.9m $42.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest — — — — — — — ($24.2m) ($59.8m) ($101.0m)
Policyholder Benefits and Claims Incurred, Net — — — — — — — $36.7m $72.6m $47.2m
Premiums Earned, Net — — — — — — — $51.9m $99.0m $67.2m
Net Investment Income — — — — — — — $13.2m $14.4m $10.6m
Gain (Loss) on Derivative Instruments, Net, Pretax — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — ($24.6m) ($59.3m) ($98.4m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — ($23.2m) ($58.9m) ($95.8m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $28.2m ($497.2m) ($163.3m)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — $28.2m ($497.2m) ($163.3m)
Investment Income, Net — — — — — — — — — $10.6m
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic $74.8m ($328.7m) $185.7m ($216.0m) ($437.0m) ($17.0m) $522.0m ($24.6m) ($59.3m) ($98.4m)
Total other comprehensive income (loss), net of income tax ($54.2m) ($6.7m) $6.4m $91.0m $37.0m ($21.0m) ($310.0m) $93.0m ($28.4m) $222.1m
Total comprehensive income (loss), net of income tax $20.1m ($335.4m) $273.8m ($125.0m) ($400.0m) ($38.0m) $212.0m $98.0m ($584.5m) ($37.0m)
Total comprehensive income (loss) attributable to shareholders $20.6m ($335.4m) $192.1m ($125.0m) ($400.0m) ($38.0m) $212.0m $96.0m ($581.8m) ($64.8m)
Pretax income (loss) from continuing operations — — — — — $2.0m $525.0m $12.0m ($59.8m) ($101.0m)
Net Income (Loss) Attributable to Parent $74.8m ($328.7m) $185.7m ($216.0m) ($437.0m) ($17.0m) $522.0m $5.0m ($556.1m) ($259.1m)
Net Income (Loss) Available to Common Stockholders, Basic $74.8m ($328.7m) $185.7m ($216.0m) ($437.0m) ($17.0m) $522.0m $3.6m ($556.4m) ($261.7m)
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total $74.3m ($328.7m) $267.4m ($216.0m) ($437.0m) ($16.0m) $522.0m $5.0m ($58.9m) ($95.8m)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest — — — — — — — $1.3m $361k $2.6m
Earnings Per Share, Basic $1.66 ($7.25) $4.07 ($4.69) ($9.47) ($0.61) $11.48 $0.18 ($10.71) ($5.93)
Earnings Per Share, Diluted $1.64 ($7.25) $3.99 ($4.69) ($9.47) ($0.61) $11.31 $0.18 ($10.71) ($5.93)
Weighted Average Number of Shares Outstanding, Basic — 45.7m 46.0m 46.0m 46.1m 46.5m 45.7m 45.6m 47.0m 47.2m
Weighted Average Number of Shares Outstanding, Diluted — 46.6m 46.0m 46.0m 46.1m 46.5m 46.4m 45.6m 47.0m 47.2m
Expenses
General and Administrative Expense — — — — $92.0m $111.0m $141.0m $67.0m $129.2m $191.6m
Deferred Policy Acquisition Costs, Amortization Expense — — — — — — — $10.6m $23.7m $15.8m
Labor and Related Expense — — — — — — — $48.5m $64.3m $109.8m
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims — — — — — — — $36.7m $72.6m $47.2m
Operating Lease, Expense — — — — — — — — — —
Loss and loss adjustment expenses — — — — — ($89.0m) ($396.0m) ($33.0m) $72.6m $47.2m
Policy acquisition costs — — — — $0 $1.0m $3.0m $11.0m $23.7m $15.8m
Depreciation expense — — — — — — $872k $1.1m $2.3m $3.9m
Interest Expense — — — — — — — $0 $9.4m $18.6m
Interest Expense, Debt — — — — — — — $0 $9.4m $18.6m
Current Income Tax Expense (Benefit) — — — — — — — $431k $2.2m $5.1m
Benefits, Losses and Expenses — — — — — — — $148.9m $295.7m $352.2m
Total expenses $401.1m $905.5m $238.1m $680.0m $596.0m $281.0m ($20.0m) $257.0m $295.7m $352.2m
Income Tax Expense (Benefit) $30.7m $44.5m $5.1m $32.0m ($3.0m) $18.0m $2.0m ($989k) ($924k) $5.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.