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Bowhead Specialty Holdings Inc. (BOW)
NYSE:BOW
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.33Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 4.48%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong premium growth across divisions, particularly in the Casualty division. The company successfully launched new initiatives such as Baleen and environmental liability products. Despite an increased loss ratio and competitive pressures in the professional liability market, the company demonstrated strong investment income growth and an increase in shareholder value.Company Guidance
During Bowhead Specialty Holdings' Q3 2024 earnings call, several key metrics were highlighted reflecting the company's growth and financial performance. The gross written premiums increased by 32% to $197 million, with a notable 42% growth in the Casualty division, reaching over $120 million. The Healthcare Liability division grew by 29% to $31 million, while the Professional Liability division saw a 13% increase to $45 million, largely driven by the cyber liability portfolio. The company's adjusted net income was reported at $12.5 million, or $0.38 per diluted share, with an adjusted return on average equity of 14.2%. The loss ratio for the quarter was 64.5%, and the expense ratio stood at 29.9%, contributing to a combined ratio of 94.4%. Bowhead's investment portfolio yielded a pretax net investment income of $11.5 million, with a book yield and new money rate of 4.7%. The effective tax rate was 23.6%, and total equity amounted to $365 million, leading to a diluted book value per share of $10.97, marking a 37% increase from year-end.Strong Premium Growth
Gross written premiums grew by $48 million or 32% to $197 million compared to a year ago, with standout performance in the Casualty division which grew 42%.
Casualty Division Performance
The Casualty division's premiums grew 42% to over $120 million, driven by favorable underwriting and pricing conditions in the excess casualty book.
Healthcare and Professional Liability Growth
Healthcare Liability division grew 29% to $31 million, while Professional Liability increased 13% to $45 million, driven by the cyber liability portfolio.
New Growth Initiatives
Baleen, a new low-touch flow underwriting division, expanded its offerings significantly, and a new environmental liability product line was launched.
Investment Income Growth
Pretax net investment income more than doubled to $11.5 million, driven by the increase in investment portfolio and higher investment yields.
Increase in Shareholder Value
Total equity was $365 million, with a diluted book value per share of $10.97, an increase of 37% from year-end.
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BOW Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Feb 25, 2025 | 2024 (Q4) | 0.152 | ― | ― | ― | ||
| Nov 05, 2024 | 2024 (Q3) | ― | ― | ― | |||
| Aug 06, 2024 | 2024 (Q2) | 0.208 | 34.62% (+0.07) | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $29.68 | $29.80 | +0.40% |
| Aug 06, 2024 | $27.08 | $26.98 | -0.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bowhead Specialty Holdings Inc. (BOW) report earnings?
Bowhead Specialty Holdings Inc. (BOW) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Bowhead Specialty Holdings Inc. (BOW) earnings time?
Bowhead Specialty Holdings Inc. (BOW) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BOW EPS forecast?
BOW EPS forecast for the fiscal quarter 2024 (Q4) is 0.33.
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