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Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings Inc.

NYSE•BOW
CEO: Mr. David Newman
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 2008-08-28
Bowhead Specialty Holdings Inc. provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments. The company distributes its products through distribution partners in wholesale and retail markets. Bowhead Specialty Holdings Inc. was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York.
Contact Information
1411 Broadway, Suite 3800, New York, NY, 10018, United States
212-970-0269
bowheadspecialty.com
Market Cap
$789.41M
P/E (TTM)
15.0
12
Dividend Yield
--
52W High
$42.29
52W Low
$23.50
52W Range
3%
Rank18Top 5.0%
6.3
F-Score
Modified Piotroski Analysis
Based on 3-year fundamentals
Strong • 6.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2023-2025

Financial Dashboard

Q3 2025 Data

Revenue

$143.90M+23.24%
4-Quarter Trend

EPS

$0.46+24.32%
4-Quarter Trend

FCF

$113.47M-4.20%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Soars 58.1% Nine months net income reached $38.94M USD, reflecting strong 58.1% growth over prior period results.
Net Earned Premiums Increase Net earned premiums grew 28.4% to $357.36M USD for nine months, driven by strong underwriting activity.
Combined Ratio Improves 0.6 Points Combined ratio decreased 0.6 points to 96.4% for nine months, signaling better overall underwriting performance.
Operating Cash Flow Rises Operating cash flow provided $271.44M USD for nine months, up from $232.87M, supporting investment needs.

Risk Factors

Inability Assess Underwriting Risk Forward-looking risks include inability to accurately assess underwriting risk and intense industry competition for business.
Reinsurer Reimbursement Failure Exposure exists if reinsurers fail to reimburse claims timely or at all, despite high A.M. Best ratings.
Adverse Economic Regulation Impact Potential adverse economic factors and existing/future regulation compliance ability pose ongoing risks to profitability.
Inadequate Loss Reserve Estimates Risk of inadequate loss and loss expense reserves to cover actual losses, requiring material adjustments over time.

Outlook

Maintain Strategic AmFam Relationship Future success depends on maintaining strategic relationship with AFMIC and managing financial strength rating exposure.
Investment Portfolio Capital Preservation Strategy focuses on diversified fixed income instruments prioritizing capital preservation and predictable investment income generation.
Sufficient Liquidity Expected Holding company has $1.0M cash; sufficient liquidity expected to meet operating needs for at least next 12 months.
Evaluating New Accounting Standards Company is evaluating ASU 2023-09 and ASU 2024-03, not expecting material impact on current financial position.

Peer Comparison

Revenue (TTM)

Brighthouse Financial, Inc.BHF
$7.60B
+44.3%
Universal Insurance Holdings, Inc.UVE
$1.58B
+4.6%
United Fire Group, Inc.UFCS
$1.35B
+12.1%

Gross Margin (Latest Quarter)

Esquire Financial Holdings, Inc.ESQ
84.6%
-3.3pp
Atlanticus Holdings CorporationATLC
56.9%
-39.6pp
Carlyle Secured Lending, Inc.CGBD
54.3%
-24.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BHF$3.66B3.817.4%1.3%
SAFT$1.13B12.810.1%1.7%
FMBH$996.39M11.49.8%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.4%
Steady Growth
4Q Net Income CAGR
3.7%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 24, 2026
|
EPS:$0.47
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $143.90M+23.2%
    |
    EPS: $0.46+24.3%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 5, 2025|
    Revenue: $133.18M+34.7%
    |
    EPS: $0.38+90.0%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $122.72M+35.4%
    |
    EPS: $0.35+59.1%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $425.59M+50.2%
    |
    EPS: $1.31+65.8%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $116.76M+53.5%
    |
    EPS: $0.37+32.1%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $98.87M+51.1%
    |
    EPS: $0.20-4.8%
    Miss