← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $506.1m |
$621.2m
+22.74%
|
$510.7m
-17.80%
|
$496.0m
-2.87%
|
$156.0m
-68.55%
|
$282.0m
+80.77%
|
$0
-100.00%
|
$124.7m |
$235.8m
+89.06%
|
$251.2m
+6.53%
|
$318.1m
+26.62%
|
|
| General and Administrative Expense | — | — | — | — | $92.0m | $111.0m | $141.0m | $67.0m | $129.2m | $191.6m | $217.1m | |
| Labor and Related Expense | — | — | — | — | — | — | — | $48.5m | $64.3m | $109.8m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $4.2m | $17.6m | $38.0m | — | |
| Interest Expense | — | — | — | — | — | — | — | $0 | $9.4m | $18.6m | $12.5m | |
| Net Investment Income | — | — | — | — | — | — | — | $13.2m | $14.4m | $10.6m | $1.6m | |
| Investment Income, Net | — | — | — | — | — | — | — | — | — | $10.6m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | $0 | $101k | ($3.9m) | — | |
| 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 Income | — | — | — | — | — | — | — | $200k | $13.3m | ($4.8m) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | — | — | — | ($24.2m) | ($58.0m) | ($81.4m) | ($77.9m) | |
| Pretax income (loss) from continuing operations | — | — | — | — | — | $2.0m | $525.0m | $12.0m | ($59.8m) | ($101.0m) | ($77.9m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | — | ($24.2m) | ($59.8m) | ($101.0m) | ($77.9m) | |
| Current Income Tax Expense (Benefit) | — | — | — | — | — | — | — | $431k | $2.2m | $5.1m | ($2.4m) | |
| 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) | — | |
| Income Tax Expense (Benefit) | $30.7m | $44.5m | $5.1m | $32.0m | ($3.0m) | $18.0m | $2.0m | ($989k) | ($924k) | $5.2m | ($2.4m) | |
| Net income (loss) from discontinued operations | — | — | — | — | — | — | $558.5m | $28.2m | ($497.2m) | ($163.3m) | ($153.2m) | |
| 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) | ($153.2m) | |
| Net Income (Loss) Attributable to Parent | $74.8m |
($328.7m)
-539.21%
|
$185.7m
+156.50%
|
($216.0m)
-216.31%
|
($437.0m)
-102.31%
|
($17.0m)
+96.11%
|
$522.0m
+3170.59%
|
$5.0m
-99.05%
|
($556.1m)
-11331.83%
|
($259.1m)
+53.41%
|
($153.2m)
+40.87%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $74.8m |
($328.7m)
-539.21%
|
$185.7m
+156.50%
|
($216.0m)
-216.31%
|
($437.0m)
-102.31%
|
($17.0m)
+96.11%
|
$522.0m
+3170.59%
|
$3.6m
-99.30%
|
($556.4m)
-15420.73%
|
($261.7m)
+52.97%
|
($153.2m)
+41.45%
|
|
| 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) | ($153.2m) | |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest | — | — | — | — | — | — | — | $1.3m | $361k | $2.6m | ($153.2m) | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | — | ($1) | ($0) | ($0) | ($2) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | — | ($1) | ($0) | ($0) | ($2) | — | |
| 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) | — | |
| Earnings Per Share, Basic | $1.66 | ($7.25) | $4.07 | ($4.69) | ($9.47) | ($0.61) | $11.48 | $0.18 | ($10.71) | ($5.93) | ($3.68) | |
| Earnings Per Share, Diluted | $1.64 | ($7.25) | $3.99 | ($4.69) | ($9.47) | ($0.61) | $11.31 | $0.18 | ($10.71) | ($5.93) | ($3.68) | |
| 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 | 46.0m | |
| 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 | 46.0m | |
| Additional Financial Items | ||||||||||||
| Deferred Policy Acquisition Costs, Amortization Expense | — | — | — | — | — | — | — | $10.6m | $23.7m | $15.8m | — | |
| Realized Investment Gains (Losses) | $39.3m | $5.4m | $111.6m | $81.0m | $22.0m | $7.0m | $31.0m | $19k | ($497k) | ($2.6m) | — | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | — | — | — | — | — | — | $36.7m | $72.6m | $47.2m | — | |
| 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 | — | |
| 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) | — | |
| 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 | $47.5m | |
| Interest | $124.3m | $119.9m | $242.3m | $269.0m | $222.0m | $187.0m | $168.0m | $64.0m | $9.4m | $18.6m | $12.5m | |
| Noncontrolling interest | — | — | — | — | — | ($1.0m) | ($1.0m) | ($1.0m) | ($361k) | ($2.6m) | — | |
| 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 | — | |
| 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), 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 | — | |
| Insurance Agency Management Fee | — | — | — | — | — | — | — | $0 | $6.4m | $20.4m | — | |
| Depreciation, Depletion and Amortization | — | — | — | — | — | — | — | $5.2m | $19.9m | $42.0m | $47.5m | |
| Policyholder Benefits and Claims Incurred, Net | — | — | — | — | — | — | — | $36.7m | $72.6m | $47.2m | — | |
| Benefits, Losses and Expenses | — | — | — | — | — | — | — | $148.9m | $295.7m | $352.2m | — | |
| Premiums Earned, Net | — | — | — | — | — | — | — | $51.9m | $99.0m | $67.2m | — | |
| 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 | — | — | — | — | — | — | $557.4m | $28.2m | ($497.2m) | ($163.3m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $28.2m | ($497.2m) | ($163.3m) | — | |
| Total expenses | $401.1m | $905.5m | $238.1m | $680.0m | $596.0m | $281.0m | ($20.0m) | $257.0m | $295.7m | $352.2m | $398.6m | |
| 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) | — |