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Bowhead Specialty Holdings

BOW

Bowhead Specialty Holdings Inc. is a specialty property and casualty insurance provider focused on complex, non-standard risks within the excess and surplus lines market.

Market cap
$1.02B-2.6%
Revenue$584.6M+27.7%
Net income$58.4M+36.8%
Free cash flow$343.7M+15.9%
EPS (diluted)$1.73+31.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 1 week)
Revenue estimate$278.7M
EPS estimate$0.47

Financials

Q1 2026

Income statement

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Revenue$155.7M+26.9%
Net income$16.0M+40.1%
EPS (diluted)$0.48+41.2%

Balance sheet

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Cash & equivalents$141.5M+14.6%
Total debt$146.5M
Total equity$457.9M+17.1%
Total assets$2.5B+41.4%

Cash flow

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Operating cash flow$65.5M+37.2%
CapEx$1.3M+4.5%
Free cash flow$64.2M+38.0%

Valuation & ratios

Valuation

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Market cap$1.02B-2.6%
Enterprise value$1.03B
P/E17.5×-4.1×
P/S1.8×-0.4×

Profitability

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Net margin10%+0.7pp
FCF margin58.8%-6.0pp

Returns & leverage

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Return on equity13.8%
Debt / equity0.3×

Competitors

Profile

Bowhead Specialty Holdings Inc. is a specialty property and casualty insurance provider focused on complex, non-standard risks within the excess and surplus lines market. The company leverages a hybrid underwriting approach, combining deep technical expertise for high-severity 'craft' risks with a technology-enabled 'digital' model for smaller, scalable accounts. Its primary value proposition centers on providing specialized solutions for casualty, professional liability, and healthcare liability risks through a nimble, remote-friendly operational structure.

Competitive position

A specialized E&S player utilizing a dual-track underwriting strategy to capture both high-complexity 'craft' risks and high-volume 'digital' small business accounts.

GeographiesUnited States, Puerto Rico, Bermuda, Cayman Islands
Customer segmentsEnterprise, SME, Healthcare Providers, Financial Institutions
Business modelB2B, Managing General Agency (MGA), Excess and Surplus (E&S) Lines
SuppliersCapital providers, Reinsurance capacity, Technology infrastructure providers
CustomersWholesale insurance brokers, Retail insurance brokers, Commercial policyholders

Questions, answered.

What is Bowhead Specialty Holdings's market cap?
Bowhead Specialty Holdings (BOW) has a market capitalization of $1.0B and trades on NYSE.
What is Bowhead Specialty Holdings's revenue and profitability?
Bowhead Specialty Holdings generated $584.6M in trailing twelve-month revenue with net income of $58.4M, representing a net margin of 10.0%, with free cash flow of $343.7M. These figures are based on the Q1 2026 filing.
Who are Bowhead Specialty Holdings's competitors?
Bowhead Specialty Holdings's key competitors include AXIS Capital Holdings Ltd., Arch Capital Group Ltd., Kinsale Capital Group, Inc., and others. These companies compete in similar markets and product categories.
Who does Bowhead Specialty Holdings partner with?
Bowhead Specialty Holdings's notable partners include American Family Insurance, GPC Partners Investments (SPV III) LP.
What subsidiaries does Bowhead Specialty Holdings have?
Bowhead Specialty Holdings's subsidiaries include Bowhead Specialty Underwriters, Inc., Bowhead Insurance Company, Inc..
Where is Bowhead Specialty Holdings headquartered?
Bowhead Specialty Holdings is headquartered in United States of America. It has been publicly traded since 2024.