Bowhead Specialty Holdings Inc. (BOW)
NYSE:BOW
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.47Last Year’s EPS
0.37Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a decidedly positive operational and financial picture: strong top-line growth (24% GWP), meaningful earnings improvement (~40% higher adjusted net income), profitable combined ratio (95.3%), and rapid early traction in digital underwriting (Baleen >3x YoY). Management acknowledges some competitive pricing pressure in pockets of casualty, higher acquisition mix costs, high IBNR percentage due to limited internal loss history, and persistent healthcare and cyber risks. Overall, the scale and quality of the growth, improved expense efficiency, and constructive capital/reinsurance moves outweigh the noted headwinds.Company Guidance
Strong Top-Line Growth
Gross written premiums increased 24% year-over-year to approximately $217 million in Q1 2026, with growth in every division and casualty as the largest driver.
Casualty Segment Expansion
Casualty GWP rose more than 20% to $147 million, driven by excess casualty, strong rate on real estate, new construction projects, and increases in manufacturing and hospitality business.
Material Earnings and Profitability Improvement
Adjusted net income was $16 million, up ~40% year-over-year; diluted adjusted EPS was $0.48 and adjusted return on average equity was 14.1%. Combined ratio for the quarter was a profitable 95.3%.
Digital Underwriting Traction (Baleen & Express)
Baleen generated $11.4 million of premiums (over 3x the same period last year); new business submissions were up >140%, new business quotes up >110%, and new business binds up >260%. Express generated over $3 million in premium with ~65% quote ratio. Digital underwriting comprised just under 7% of total GWP in Q1 and is positioned to scale.
Healthcare and Professional Lines Growth
Healthcare Liability GWP increased 28% to >$30 million (growth driven by hospitals, senior care and miscellaneous medical facilities). Professional liability GWP rose 6% to ~$28 million, led by Cyber liability Express.
Improved Expense Efficiency
Overall expense ratio fell to 28.4%, a decrease of ~2.0 percentage points year-over-year (operating expense ratio down 2.9 points), reflecting scaling benefits and updated estimates of deferrable costs.
Stronger Investment Income and Conservative Portfolio
Pre-tax net investment income increased ~44% YoY to $18 million. Investment portfolio book yield was 4.6% (new money 4.7%), average credit quality AA-, and duration increased modestly to 3.2 years as part of a plan to extend duration toward ~4 years.
Capital & Reinsurance Actions to Support Growth
Total equity $459 million (diluted book value per share $13.80). Raised $150 million of debt in late 2025. May 1 renewals increased quota share from 26% to 33.5% and reduced excess-of-loss cession from 65% to 57.5%; expanded American Family agreement to support ~20% GWP growth and higher premium cap.
BOW Earnings History
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
BOW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $24.79 | $24.36 | -1.73% |
Nov 04, 2025 | $24.35 | $25.45 | +4.52% |
Aug 05, 2025 | $32.42 | $31.15 | -3.92% |
May 06, 2025 | $41.30 | $40.98 | -0.77% |
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.
FAQ
When does Bowhead Specialty Holdings Inc. (BOW) report earnings?
Bowhead Specialty Holdings Inc. (BOW) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Bowhead Specialty Holdings Inc. (BOW) earnings time?
Bowhead Specialty Holdings Inc. (BOW) earnings time is at Aug 11, 2026, Before Open (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 2026 (Q2) is 0.47.