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Bowhead Specialty Holdings BOW Broker commission — Net acquisition costs

Other product segments

Ceding commission
-$22.23M-29.9%
Ceding Fees
$4.13M+69.1%
Others
$1.33M+63.0%

Similar metrics at other companies

White Mountains Insurance Group logo
WTMBroker Commission Expense
$17.2M+11.0%
Hagerty logo
HGTYInsurance — Policy acquisition costs, net
$101.92M+31.8%
First American Financial logo
FAFInsurance commissions
$602.2M+14.6%
Horace Mann Educators logo
HMNCorporate & Other — Commissions expense
$0
ESN
ESNTReinsurance — Acquisition Costs, Net
-$6.74M-1,789%
Universal Insurance Holdings logo
UVEPolicy acquisition costs
$64.47M+6.4%

Other financials

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

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Market cap$954.6M-20.2%
Enterprise value$959.59M
P/E16.4×-11.7×
P/S1.6×-1.0×

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×

Where this comes from

Reported directly by Bowhead Specialty Holdings in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Bowhead Specialty Holdings’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bowhead Specialty Holdings's broker commission — net acquisition costs?
Bowhead Specialty Holdings (BOW) reported broker commission — net acquisition costs of $30.66M in Q1 2026.
How has Bowhead Specialty Holdings's broker commission — net acquisition costs changed year-over-year?
Bowhead Specialty Holdings's broker commission — net acquisition costs increased by 29.6% year-over-year, from $23.65M to $30.66M.
What is the long-term trend for Bowhead Specialty Holdings's broker commission — net acquisition costs?
Over 2 years (2022 to 2024), Bowhead Specialty Holdings's broker commission — net acquisition costs has grown at a 53.1% compound annual growth rate (CAGR), from $34.72M to $81.4M.
What does broker commission — net acquisition costs mean?
This metric measures the total net expenses incurred to acquire, underwrite, and renew insurance policies, primarily consisting of commissions paid to brokers and agents. It serves as a key indicator of the cost efficiency of the company's distribution strategy and its ability to manage acquisition expenses relative to premium volume. Analyzing these costs provides insight into the profitability of the underwriting divisions and the competitive landscape of the specialty insurance market.