Quarterly ResultMay 5, 2026, 04:32 PM
Bowhead Specialty Q1 Net Income $16.01M; EPS $0.49
AI Summary
Bowhead Specialty Holdings Inc. reported a strong first quarter for 2026, with net income increasing by 40.1% to $16.01 million and basic earnings per share rising 40% to $0.49. The company also saw significant growth in gross written premiums, which climbed 24.0% to $216.74 million. Additionally, net investment income increased by 43.5% to $18.03 million, and net cash from operating activities grew by 37.2% to $65.46 million.
Key Highlights
- Net income increased 40.1% to $16.01 million for Q1 2026, up from $11.43 million in Q1 2025.
- Basic earnings per share rose 40% to $0.49 in Q1 2026, compared to $0.35 in Q1 2025.
- Gross written premiums grew 24.0% to $216.74 million for Q1 2026, from $174.85 million in Q1 2025.
- Net investment income increased 43.5% to $18.03 million in Q1 2026, up from $12.56 million in Q1 2025.
- Net cash provided by operating activities increased 37.2% to $65.46 million in Q1 2026.
- Total assets reached $2.48 billion as of March 31, 2026, an increase from $2.37 billion at December 31, 2025.
- The company issued $150 million in 7.75% senior unsecured debt in November 2025.
- A new $35 million senior secured revolving credit facility was established in November 2025.
Price Impact
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