Bowhead Specialty Q4 premiums rise 21.3% driven by Casualty division

Bowhead Specialty Holdings

24/02/2026 12:08

Overview

Specialty insurance group's Q4 gross written premiums rose 21.3% yr/yr

Adjusted EPS for Q4 beat analyst expectations

Adjusted net income for Q4 missed analyst estimates

Outlook

Bowhead expects 2026 GWP growth of around 20% driven by Casualty division

Company's digital expansion aims for sustainable and profitable growth

Result Drivers

GROSS WRITTEN PREMIUMS - Q4 gross written premiums rose 21.3%, driven by growth in Casualty division and digital model success

EXPENSE RATIO - Improved due to scaling and prudent management, despite rise in net acquisition costs

LOSS RATIO - Increased due to higher expected loss ratios in certain reserves and portfolio mix changes

Company press release: ID:nBw7Tzgb2a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$0.47
$0.46 (7 Analysts)
Q4 EPS
$0.44
Q4 Adjusted Net Income
Miss
$15.53 mln
$15.88 mln (5 Analysts)
Q4 Net Income
$14.84 mln
Q4 Pretax Profit
$17.81 mln
Q4 ROE
13.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Bowhead Specialty Holdings Inc is $33.00, about 33.1% above its February 23 closing price of $24.79

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)