Bowhead Q3 GWP +17.5% to $231.5M; adj. EPS $0.47

Bowhead Specialty Holdings Inc.

2025-Q3 EPS reported $1.15 revenue$399,911,000

Gross written premiums $231.5M (+17.5% YoY); casualty division led with +20.4%.
Net income $15.2M ($0.45 diluted EPS); adjusted net income $15.8M ($0.47 EPS).
Loss ratio 65.9% (+1.4 pts); expense ratio 29.5% (-0.4 pts).
Net investment income $15.0M (+30.9% YoY) on book yield 4.8%.
Book value per share $13.15; diluted book value per share $12.75.

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