OSGOctave Specialty Group, Inc.

$255M

Q1 2024 Earnings

Financial Services Insurance - Specialty

Income Statement

Revenue

$50M-13.1% YoY

Gross Profit

$16M32.2% margin

Operating Income

-$3M-6.5% margin

Net Income

$20M40.5% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

-32.1%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$18M

Stock-Based Comp.

-$463,000

Balance Sheet

Total Assets

$8.4B

Total Liabilities

$7.0B

Stockholders' Equity

$1.4B

Cash & Equivalents

$33M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$57M	-13.1%
Gross Profit	$16M	$30M	-46.8%
Operating Income	-$3M	-$29M	+88.8%
Net Income	$20M	-$32M	+162.7%

Revenue Segments

Affinity Products

$5M38%

Employer Stop Loss

$5M38%

Professional Liability

$2M15%

Marine

$1M8%

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