Octave Specialty Group Q3 net loss narrows 88% to $13.8 million
OSG•Octave Specialty Group's third-quarter 2026 net loss attributable to shareholders narrowed 88% year over year to $13.8 million, while revenue rose 28% to $85.34 million.
1. Quarterly results
Octave Specialty Group reported a third-quarter 2026 net loss attributable to shareholders of $13.8 million, down 88% year over year. Total revenue increased 28% to $85.34 million, driven by Insurance Distribution growth and higher earned premiums at Everspan.
2. Everspan and market outlook
Following quarter-end, Everspan agreed to sell Providence Washington Insurance Company to simplify its operating structure and strengthen its capital base. CEO Claude LeBlanc expects P&C market softening to continue into 2027.
