Octave Specialty Group (OSG) Investor presentation summary

Vision and strategy

• Aims to be a leading specialty insurance platform through expertise, technology, and partnerships.

• Pursues a dual-engine growth model: organic de novo launches and strategic acquisitions.

• Focuses on specialty and geographic expansion, distribution growth, and scalable technology investments.

• Differentiates with a partnership model, aligned capital, and a unified business services platform.

Business highlights and growth

• Achieved rapid growth in MGA portfolio, expanding from 4 MGAs in 2021 to 22 by 1H2026.

• Insurance distribution segment posted 42.9% organic revenue growth in 1H2026.

• Gross premiums placed reached $952M in 1H2026, with global distribution and diversified specialty lines.

• Maintains a balanced specialty mix: 74% specialty P&C, 26% A&H, and broad product diversification.

Financial performance

• Consolidated revenues were $187.2M in 1H2026, with adjusted EBITDA to shareholders of $23.8M.

• Specialty property & casualty insurance segment had a net loss, while insurance distribution was profitable.

• Adjusted EBITDA bridge targets a 40% CAGR through 2028, driven by organic growth and acquisitions.

• Combined ratio for 2Q2026 YTD adjusted to 97.1% after accounting for one-time items.