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Octave Specialty Group vs Mbia: OSG and MBI compared
Octave Specialty Group is the larger company: $83.0M of revenue in its latest quarter (Q2 2026) against $26.0M for Mbia (Q3 2026). Mbia is growing faster (+73% against +51% a year earlier). Octave Specialty Group is more profitable, with an operating margin of -14.1% against -88.5%.
Where the money goes: OSG and MBI
Octave Specialty Group (OSG) · Q2 2026
Octave Specialty Group, Q2 2026: revenue $83.0M (+51% year over year), operating margin -14.1%, net loss $12.2M, operating cash flow −$10.2M. The chart follows the revenue to costs, profit and cash.
Mbia (MBI) · Q3 2026
Mbia, Q3 2026: revenue $26.0M (+73% year over year), operating margin -88.5%, net loss $23.0M, operating cash flow −$73.0M. The chart follows the revenue to costs, profit and cash.
| Octave Specialty Group (OSG) | Mbia (MBI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $83.0M | $26.0M |
| Revenue growth, Y/Y | +51% | +73% |
| Operating margin | -14.1% | -88.5% |
| Net earnings | −$12.2M | −$23.0M |
| Net margin | -14.6% | -88.5% |
| Operating cash flow | −$10.2M | −$73.0M |
Where the revenue comes from
Octave Specialty Group
- Other revenues: $33.3M (40%)
- Accident & Health: $13.9M (17%)
- Property: $9.5M (11%)
- Surety: $5.4M (7%)
Questions
Which is bigger, Octave Specialty Group or Mbia?
Octave Specialty Group is the larger company: $83.0M of revenue in its latest quarter (Q2 2026) against $26.0M for Mbia (Q3 2026).
Is Octave Specialty Group or Mbia growing faster?
Mbia is growing faster (+73% against +51% a year earlier).
Which is more profitable, Octave Specialty Group or Mbia?
Octave Specialty Group is more profitable, with an operating margin of -14.1% against -88.5%.
More: Octave Specialty Group earnings · how Octave Specialty Group makes money · Mbia earnings · how Mbia makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.