earnings
confidence high
sentiment positive
materiality 0.75
Bowhead Q1 gross premiums up 26% to $174.8M; net income $11.4M up 60%
Bowhead Specialty Holdings Inc.
2025-Q1 EPS reported
$0.34
revenue$122,716,000
- Gross written premiums $174.8M (+26.3% YoY); net income $11.4M ($0.34 diluted EPS), up 60%.
- Casualty premiums +33.7% to $122.3M; Baleen unit $2.7M (+131% sequentially).
- Loss ratio 66.9% (+1.4 pts); expense ratio improved to 30.4% (-2.2 pts).
- Net investment income $12.6M (+64%); book yield 4.7%, portfolio duration 2.8 yrs.
- CEO reaffirms ~20% annual premium growth target despite macro uncertainty.