Earnings summaries and quarterly performance for Bowhead Specialty Holdings.
Executive leadership at Bowhead Specialty Holdings.
Board of directors at Bowhead Specialty Holdings.
AB
Angela Brock-Kyle
Detailed
Director
AS
Ava Schnidman
Detailed
Director
DF
David Foy
Detailed
Director
DH
David Holman
Detailed
Director
FJ
Fabian J. Fondriest
Detailed
Director
MB
Matthew Botein
Detailed
Chair of the Board
PL
Price Lowenstein
Detailed
Director
TB
Tom Baker
Detailed
Director
TV
Troy Van Beek
Detailed
Director
ZC
Zhak Cohen
Detailed
Director
Research analysts who have asked questions during Bowhead Specialty Holdings earnings calls.
PS
Pablo Singzon
JPMorgan Chase & Co.
4 questions for BOW
Also covers: ASIC, BWIN, FIHL +5 more
Meyer Shields
Keefe, Bruyette & Woods
3 questions for BOW
Also covers: ACGL, AFG, AIG +24 more
Matthew Carletti
Citizens JMP Securities
2 questions for BOW
Also covers: AII, AMSF, FIHL +11 more
SH
Scott Heleniak
RBC Capital Markets
2 questions for BOW
Also covers: BRO, FRFHF, GSHD +8 more
Dean Criscitiello
Keefe, Bruyette & Woods
1 question for BOW
Also covers: AJG, AON, AXS +3 more
JH
Jian Huang
Morgan Stanley
1 question for BOW
Also covers: AIZ, ALL, CB +10 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for BOW
Also covers: AFG, AIG, AON +15 more
Matt Carletti
Citizens JMP
1 question for BOW
Also covers: AHL, EIG, HCI +5 more
PN
Paul Newsome
Piper Sandler Companies
1 question for BOW
Also covers: AFG, AHL, AII +16 more
SS
Siddharth Shah
Morgan Stanley
1 question for BOW
Recent press releases and 8-K filings for BOW.
Bowhead Specialty Holdings Inc. secures $35 million revolving credit facility
BOW
Debt Issuance
New Projects/Investments
- Bowhead Specialty Holdings Inc. entered into a senior revolving credit agreement on November 26, 2025, establishing a $35 million senior secured revolving credit facility with PNC Bank, National Association as the administrative agent.
- The facility is intended to finance general corporate purposes, including future growth, working capital, capital expenditures, and debt refinancing, and is secured by a first-priority lien on substantially all of the company's assets.
- The revolving credit facility matures on the earlier of November 26, 2027, or 91 days prior to the termination of any MGA Agreement.
- Key financial covenants include a limit on maximum total debt equal to 35% of the company's total capitalization and a minimum Consolidated Net Worth starting at $319,115,000 plus certain additions.
Dec 1, 2025, 9:57 PM
Bowhead Specialty Holdings Inc. Issues $150 Million Senior Notes
BOW
Debt Issuance
New Projects/Investments
- Bowhead Specialty Holdings Inc. completed a public offering of $150,000,000 aggregate principal amount of its 7.750% Senior Notes due 2030 on November 25, 2025.
- The Notes will bear interest at 7.750% per year, payable semi-annually on June 1 and December 1, commencing June 1, 2026, and will mature on December 1, 2030.
- The company intends to use the net proceeds, which totaled $147,000,000 before expenses, to make capital contributions to its insurance company subsidiary to grow its business and for other general corporate purposes.
- A key covenant for the Notes is that the Consolidated Indebtedness to GAAP Capitalization Ratio must not exceed 40%.
Nov 25, 2025, 10:12 PM
Bowhead Specialty Reports Strong Q3 2025 Financial Results and Capital Strategy
BOW
Earnings
Debt Issuance
Revenue Acceleration/Inflection
- Bowhead Specialty delivered strong Q3 2025 financial results, with gross written premiums increasing 17.5% year over year to approximately $232 million and diluted adjusted earnings per share (EPS) rising 23.7% to $0.47. Adjusted net income increased 25.5%.
- The company achieved an expense ratio of 29.5% for the quarter, a 40 basis point decrease year over year, driven by technology investments and operational efficiencies. This contributed to a combined ratio of 95.4%.
- Growth was primarily driven by the casualty division, which grew 20% to $145 million, and Baleen, which generated $6.2 million in premiums, an 83% increase from Q2. Net investment income also increased 31% year over year to $15 million.
- Bowhead plans to access capital through resources other than equity markets by the end of the year, leveraging available debt capacity to support faster-than-anticipated growth, and will not raise equity.
Nov 4, 2025, 1:30 PM
Bowhead Specialty Holdings Inc. Reports Third Quarter 2025 Results
BOW
Earnings
Revenue Acceleration/Inflection
- Bowhead Specialty Holdings Inc. announced strong financial results for the third quarter ended September 30, 2025.
- Gross written premiums increased 17.5% to $231.5 million in Q3 2025.
- The company reported net income of $15.2 million, or $0.45 per diluted share, and adjusted net income of $15.8 million, or $0.47 per diluted share for the quarter.
- Net investment income rose 30.9% to $15.0 million in Q3 2025, contributing to a combined ratio of 95.4%.
Nov 4, 2025, 12:00 PM
Bowhead Specialty Holdings Discusses Market Conditions and Operations at KBW Insurance Conference
BOW
Demand Weakening
Hiring
New Projects/Investments
- The CEO noted that the casualty market continues to experience capacity shrinkage almost five years on, with the "coin of the realm" frequently $5,000,000. Bowhead has shifted its construction book to "practice policies" due to a slowdown in projects caused by uncertainty in interest rates, supply chains, and employees, with rates still increasing.
- Bowhead's casualty business is 100% through wholesale brokers and 100% surplus lines, allowing flexibility in policy pricing and language as it is free of state rate and form approval. Overall, 75% of their business is surplus lines.
- The company prefers to write primary or lower excess positions in casualty and healthcare for better control and compensation, but is often relegated to higher excess in D&O where rates have become thin.
- Bowhead operates as a virtual remote organization with approximately 280 employees across 30 states and two countries, offering unlimited vacation time. They primarily hire through word-of-mouth and focus on experienced talent, leveraging technology to standardize information for underwriters.
Sep 3, 2025, 9:50 PM
Quarterly earnings call transcripts for Bowhead Specialty Holdings.
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