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

$732.38M

P/E (TTM)

13.6

11.2

Dividend Yield

52W High

$42.29

52W Low

$21.93

52W Range

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

Q4 2025 Data

Revenue

$151.68M+0.00%

4-Quarter Trend

EPS

$0.45+0.00%

4-Quarter Trend

FCF

$56.80M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Soars Net income reached $53.8M USD in 2025, marking a strong 40.6% increase over prior year results.

Gross Premiums Expanded Gross written premiums grew 24.0% to $862.8M USD, driven by growth across all four underwriting divisions.

Investment Income Rises Net investment income increased 44.1% to $57.8M USD, benefiting from higher investment balances and yields.

Earned Premiums Accelerate Net earned premiums showed 27.7% growth, totaling $491.7M USD, reflecting successful premium earning realization.

Risk Factors

Underwriting Income Declines Underwriting income fell 18.4% to $14.9M USD due to rising loss ratios and increased acquisition costs.

Loss Ratio Deterioration Noted Total loss ratio worsened 2.3 points to 66.7% in 2025, driven by higher expected loss ratios in key divisions.

Strategic Partner Dependency Risk Inability to maintain strategic relationship with AmFam would materially affect business operations and ability to write policies.

Reserve Estimates Uncertainty Inherent uncertainty in risk assessment tools may cause actual losses to differ materially from current reserve estimates.

Outlook

Focus on Underwriting Profit Strategy centers on profitably growing existing specialized lines while identifying market dislocations for quick execution.

Attract Best-in-Class Talent Hybrid, remote-friendly operating model supports attracting and retaining specialized, experienced underwriting talent nationwide.

Opportunistic Market Expansion Actively evaluate expanding into adjacent product lines and small/micro commercial segments leveraging existing expertise.

Leverage Technology for Efficiency Continuous investment in technology and data analytics drives efficiency, supporting the core underwriting-first strategy.

Peer Comparison

Revenue (TTM)

BHF

$6.37B

+45.9%

UVE

$1.60B

+5.4%

UFCS

$1.39B

+10.8%

Gross Margin (Latest Quarter)

CGBD

106.8%

-2.4pp

ESQ

88.8%

+4.0pp

FMBH

73.0%

+0.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
BHF	$3.44B	8.0	7.2%	1.3%
SAFT	$1.07B	10.6	11.3%	2.5%
FMBH	$955.59M	10.3	10.0%	7.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

7.3%

Steady Growth

4Q Net Income CAGR

9.1%

Profitability Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 4, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data