Quarterly ResultAug 3, 2026, 04:18 PM
Bowhead Specialty Q2 Net Income +30.75% to $16.1M
AI Summary
Bowhead Specialty Holdings Inc. reported strong financial results for the second quarter and first half of 2026. Net income for Q2 2026 increased by 30.75% to $16.1 million, with basic EPS rising to $0.49. The company also saw significant growth in gross written premiums, which climbed 28.2% to $297.9 million, and net investment income, which increased by 37.6% to $18.8 million. Total assets expanded to $2.68 billion, reflecting overall business growth.
Key Highlights
- Net income for Q2 2026 increased by 30.75% to $16.1 million from $12.3 million in Q2 2025.
- Basic earnings per share for Q2 2026 rose to $0.49, up from $0.38 in Q2 2025.
- Gross written premiums for Q2 2026 grew by 28.2% to $297.9 million compared to $232.4 million in Q2 2025.
- Net earned premiums for Q2 2026 increased by 20.83% to $143.9 million from $119.1 million in Q2 2025.
- Net investment income for Q2 2026 was $18.8 million, a 37.6% increase from $13.7 million in Q2 2025.
- Total assets reached $2.68 billion as of June 30, 2026, up from $2.37 billion at December 31, 2025.
- Reserve for losses and loss adjustment expenses increased to $1.32 billion as of June 30, 2026 from $1.13 billion at December 31, 2025.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $159.3 million.
Price Impact
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