Bowhead Specialty Holdings Inc.

Bowhead Specialty Holdings Inc. announced it has entered into a definitive merger agreement to be acquired by American Family Mutual Insurance Company, S.I. Bowhead stockholders will receive $34.00 in cash per share. The transaction, which has been approved by Bowhead's Board of Directors, is expected to close prior to the end of 2026, subject to stockholder and regulatory approvals. Upon completion, Bowhead will operate as a standalone entity within American Family, maintaining its brand, leadership, and New York headquarters.

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.

Bowhead Specialty Holdings Inc. announced it has entered into a definitive merger agreement to be acquired by American Family Mutual Insurance Company, S.I. for $34.00 per share in cash. The all-cash transaction values Bowhead at approximately $1.2 billion, representing an 11% premium to its closing share price on July 31, 2026. The company also reported strong second-quarter 2026 financial results, with gross written premiums increasing 28.2% to $297.9 million and net income reaching $16.1 million, or $0.48 per diluted share. The previously scheduled Q2 earnings conference call has been cancelled due to the merger announcement.

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.

Bowhead Specialty Holdings Inc. reported strong first-quarter 2026 financial results, with gross written premiums increasing 24.0% to $216.7 million and net income reaching $16.0 million, or $0.48 per diluted share. The company also announced an amendment to its quota share reinsurance agreement, increasing the GWP termination threshold for AFMIC from $1.0 billion to $1.5 billion and adjusting collateralization requirements. Additionally, stockholders elected Class II directors and ratified PricewaterhouseCoopers LLP as the independent auditor at the 2026 annual meeting.