OSG (ex-Ambac) grew revenue 51% to $83M in Q2 2026; P&C swung to loss on litigation

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Total revenue rose 51.0% YoY to $83.0M in Q2 2026, driven by 85% growth in Insurance Distribution (to $136.9M for the six months) following the ArmadaCorp acquisition and strong organic expansion.

  MD&A: Revenue Growth verify on EDGAR →
• high

  Specialty P&C segment swung to a $7.0M pretax loss ($1,065, six months ended June 30, 2026) from $2.1M income in the prior year, driven by a $7.9M litigation settlement and related legal costs in Q1 2026.

  MD&A: P&C Segment Results verify on EDGAR →
• high

  Company acquired ArmadaCorp for $250M in October 2025 (funded partly by $120M new debt), adding specialty A&H products and expanding non-correlated business lines.

  MD&A: ArmadaCorp Acquisition verify on EDGAR →