Octave Specialty Group — Third Quarter 2026 Earnings Summary

Octave Specialty Group reported third-quarter 2026 total revenue of $85.3 million, representing a 28% increase from the prior year, driven by 35% growth in its Insurance Distribution segment and 52% earned premium growth at its Specialty P&C Insurance unit, Everspan. The company posted a net loss attributable to shareholders of $13.8 million for the quarter, an improvement from the $31.7 million loss recorded in the same period last year, while Adjusted EBITDA to shareholders rose to $3.3 million from a loss of $2.9 million. Everspan achieved net income of $1.3 million with a combined ratio of 100.6%, and the Insurance Distribution segment delivered organic revenue growth of 23% alongside $8.3 million in Adjusted EBITDA to shareholders.