Octave Specialty Group, Inc. (OSG) To Sell PWIC; Expects ~$11M Tangible Book Value Increase

Octave Specialty Group (OSG) reported Q2 2026 revenue of $83.0 million, up 51% year over year, driven by its Insurance Distribution segment. Net loss attributable to shareholders was $14.4 million, and adjusted EBITDA was $3.7 million. Management raised 2026 distribution organic growth to 25%+ and adjusted EBITDA to $45 million, but lowered adjusted EPS guidance to $0.15-$0.20 and Everspan adjusted EBITDA to $6 million.

Octave Specialty Group (OSG) reported Q2 2026 adjusted loss of 4 cents per share, narrower than a year ago but worse than the Zacks estimate of a 1-cent loss. Revenues rose 51% to $83 million. Insurance Distribution revenue grew 77% to $58.4 million. Management raised 2026 Insurance Distribution outlook, while cutting Everspan EBITDA guidance to $6 million. The article also cites Q2 results for SIGI, AXS, and CINF.

OCTAVE SPECIALTY GROUP INC (OSG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Octave Specialty Group Reports Second Quarter 2026 Results • Insurance Distribution Segment ◦ Total revenue grew 77% to $58 million ◦ Organic revenue growth equaled 44% ◦ Ne t loss to Shareholders totaled $(4) million , compared to $(8) million in 2Q25 ◦ Adjusted EBI

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bp agreed to pay Louisiana $350M to settle remaining Deepwater Horizon claims, accelerating payments under the 2015 settlement. The payment resolves coastal zone litigation and provides Louisiana with earlier access to funds. bp CEO Meg O’Neill noted the agreement supports the state's investment and job creation. The 2015 settlement totaled up to $18.7B, with $4.9B allocated to Gulf Coast states.

SK Hynix canceled plans for a $10 billion U.S. IPO of its Solidigm unit due to regulatory opposition and shareholder concerns, citing market conditions. The decision follows scrutiny over potential share dilution and ownership structure complexities. SK Hynix shares rose after the announcement, despite broader market declines. Solidigm, a major flash memory producer, had planned to list as soon as next year, aiming for a valuation of up to $100 billion.