---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-030113"
form_type: "8-K"
ticker: "BOW"
cik: "0002002473"
company_name: "Bowhead Specialty Holdings Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:35:23.056124+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bowhead Q1 GWP +24% to $216.7M, net income $16.0M; amends quota share with AFMIC

## Summary
- GWP increased 24% to $216.7M; net income $16.0M ($0.48 diluted EPS), adjusted EPS also $0.48.
- Loss ratio flat at 66.9%; expense ratio improved 2.0 pts to 28.4%.
- Net investment income up 43.5% to $18.0M; book yield 4.6%.
- Amendment: AFMIC termination threshold raised to $1.5B GWP, notice period 365 days, higher ceding commission.
- Casualty GWP +20.4% to $147.3M; Baleen digital +313.9% to $11.4M.

## SEC filing metadata
- accession: 0001628280-26-030113
- form_type: 8-K
- ticker: BOW
- cik: 0002002473
- company_name: Bowhead Specialty Holdings Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2002473/000162828026030113/0001628280-26-030113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2002473/000162828026030113/bow-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-030113
- JSON: https://secwatch.observer/filing/0001628280-26-030113.json
- Plain text: https://secwatch.observer/filing/0001628280-26-030113.txt

## Source-grounded claims
- claim_id: 238cb9b2b43c36c66cc135178e5c8375483624ec
  claim: Bowhead Specialty Holdings Inc. reported first quarter ended March 31, 2026 results: net income $16.0 million, EPS $0.48 per diluted share.
  evidence_excerpt: Bowhead Specialty Holdings Inc. (NYSE: BOW), today announced financial results for the first quarter ended March 31, 2026. (1) First Quarter 2026 Highlights • Gross written premiums increased 24.0% to $216.7 million. • Net income of $16.0 million, or $0.48 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2002473/000162828026030113/0001628280-26-030113-index.htm
- claim_id: 7d9103833033e7782c11c9d81825ad95eb3289ff
  claim: Bowhead Specialty Holdings Inc. amended Amended and Restated Insurance Trust Agreement with American Family Mutual Insurance Company, S.I.; U.S. Bank National Association valued at Trust Amendment amends collateralization requirements to reflect increased collateralization require (effective 2026-05-04).
  evidence_excerpt: On May 4, 2026, BICI, AFMIC and US Bank National Association entered into Amendment No. 1 (the “Trust Amendment”) to the Amended and Restated Insurance Trust Agreement, dated as of May 23, 2024, among BICI, AFMIC and U.S. Bank National Association, as trustee (the “Amended and Restated Trust Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2002473/000162828026030113/0001628280-26-030113-index.htm
- claim_id: abcd0dabe49fb614ebc8f01f27dad2c4fb471b80
  claim: Bowhead Specialty Holdings Inc. amended Amended and Restated Quota Share Reinsurance Agreement with American Family Mutual Insurance Company, S.I. valued at Amendment modifies termination threshold, notice period, ceding commission, and collateralization re (effective 2026-05-04).
  evidence_excerpt: On May 4, 2026, Bowhead Insurance Company, Inc. (“BICI”), a wholly-owned subsidiary of Bowhead Specialty Holdings Inc., (the “Company”), entered into Amendment No. 1 (the “Amendment”) to the Amended and Restated Quota Share Reinsurance Agreement, dated as of May 23, 2024, between American Family Mutual Insurance Company, S.I. (“AFMIC”), and the Company (the “Amended and Restated Quota Share Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2002473/000162828026030113/0001628280-26-030113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.