Here are the 10-K annual reports from Octave Specialty Group, Inc. (OSG) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OSG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OSG filings page.
Octave Specialty Group’s 2025 report shows a transformed business focused on insurance distribution and specialty property & casualty insurance. The company sold its Legacy Financial Guarantee business and rebranded as OSG, with two main segments built around MGA/Us and the Everspan carrier group.
Insurance Distribution placed $951,781 thousand of premiums in 2025, up from $493,373 thousand in 2024, and generated gross commissions of $143,381 thousand and net commissions of $106,344 thousand. Growth was driven by multiple controlling-stake acquisitions and de-novo MGA/Us, capped by the $250,000 thousand ArmadaCorp deal funded in part with $120,000 thousand of new loans.
Everspan wrote $360,449 thousand of gross premiums in 2025, retaining about 20.5% including assumed business while maintaining an A.M. Best ‘A-’ rating. Consolidated investments carried $293,708 thousand at year-end, and OSG held $76,000 thousand of standalone net assets plus $1,700,000 thousand of net operating loss carry-forwards. Management outlines strategies to expand MGA/U-based distribution, carefully manage reinsurance and capital, and emphasizes extensive risk and regulatory oversight.