2 unchanged sentences
Market Information
−Removed: The Company 's common stock trades on the NYSE under the symbol “AMBC".
−Removed: On March 4, 2025, there were 27 stockholders of record of AFG’s common stock.
+Added: The Company 's common stock trades on the NYSE under the symbol “OSG".
+Added: On March 2, 2026, there were 20 stockholders of record of OSG’s common stock.
The Company did not pay cash dividends on its common stock during 2025 and 2024.
−Removed: Information concerning restrictions on the payment of dividends from Ambac's insurance subsidiaries is set forth in Item 1 above under the caption “Dividend Restrictions, Including Contractual Restrictions" and in Note 9.
+Added: Information concerning restrictions on the payment of dividends from Octave's insurance subsidiaries is set forth in Item 1 above under the caption “Dividend Restrictions, Including Contractual Restrictions" and in Note 9.
Insurance Regulatory Restrictions to the Consolidated Financial Statements included in Part II, Item 8 in this Annual Report on Form 10-K.
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
+Added: When restricted and performance stock units issued by Octave settle, they become taxable compensation to employees.
For certain awards, shares may be withheld to cover the employee's portion of withholding taxes.
−Removed: In the fourth quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
−Removed: On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20,000 in share repurchases, with an expiration date of March 31, 2024.
−Removed: On May 5, 2022, the Board of Directors authorized an additional $15,000 share repurchase.
−Removed: This program expired on March 31, 2024.
−Removed: On November 12, 2024, Ambac’s Board of Directors authorized a share repurchase program, under which Ambac may opportunistically repurchase up to $50,000 of the Company’s common shares at management’s discretion over the period ending on December 31, 2026.
−Removed: From November 1, 2024, through December 31, 2024, AFG repurchased 937,141 shares for $11,698.5 at an average purchase price of $12.48 per share.
−Removed: Shares purchased from employees to satisfy withholding taxes, as described above, do not count towards utilization under the Company's share repurchase program.
−Removed: The following table summarizes Ambac's share purchases during the fourth quarter of 2024.
+Added: In the fourth quarter of 2025, Octave purchased 741,233 shares from employees that settled restricted or performance stock units to meet employee tax withholdings.
+Added: The following table includes information about the Company's purchases of its common shares during the fourth quarter of 2025.
($ in thousands,
−Removed: Oct-2024 Nov-2024 Dec-2024 Fourth Quarter 2024
−Removed: Total Shares Purchased
+Added: except per share) Oct-2025 Nov-2025 Dec-2025 Fourth Quarter 2025
+Added: Shares Repurchased — 706,244 34,989 741,233
Average Price Paid Per Share $ — $ 9.46 $ 8.99 $ 9.44
1 unchanged sentence
Maximum Dollar Value That may Yet be Purchased Under the Plan $ 8,449
−Removed: $ — $ 42,713 $ 37,674 $ 37,674
−Removed: When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
−Removed: For certain awards, shares may be withheld to cover the employee's portion of withholding taxes.
−Removed: In the fourth quarter of 2024, Ambac purchased shares from employees that settled restricted stock units to meet employee tax withholdings.
−Removed: The following table shows shares repurchased by year.
+Added: On November 12, 2024, Octave’s Board of Directors authorized a share repurchase program, under which Octave may opportunistically repurchase up to $50,000 of the Company’s common shares at management’s discretion over the period ending on December 31, 2026.
+Added: Shares purchased from employees to satisfy withholding taxes, as described above, do not count towards utilization under the Company's share repurchase program.
+Added: The following table shows shares repurchased by year under Octave's November 12, 2004 share repurchase program.
($ in thousands,
−Removed: except per share)
−Removed: Year ended December 31, 2022 2023 2024
+Added: except per share) December 31,
Shares repurchased 937,141 3,434,745
−Removed: 325,068 937,141
Total cost $ 11,678 $ 29,873
1 unchanged sentence
Unused authorization amount $ 8,449
−Removed: Ambac Financial Group, Inc.
+Added: Octave Specialty Group, Inc.
2025 Form 10-K
6 unchanged sentences
2021 2022 2023 2024 2025
−Removed: Ambac Financial Group, Inc.
+Added: Octave Specialty Group, Inc.
$104 $113 $107 $82 $51
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.