Octave Specialty Group (NYSE:OSG) reported a narrower first-quarter loss and sharply higher adjusted earnings, driven by rapid growth in its insurance distribution business and contributions from its recent ArmadaCare acquisition.
The company reported a net loss to shareholders of $6.9 million, or $0.13 per share, for the first quarter of 2026, compared with a net loss from continuing operations to shareholders of $16.1 million, or $0.57 per share, in the prior-year quarter. Chief Financial Officer David Trick said consolidated adjusted net income to shareholders was $16.6 million, or $0.37 per share, compared with a $6 million adjusted net loss, or $0.13 per share, a year earlier.
