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Bowhead Specialty Holdings BOW Others — Net acquisition costs

Other product segments

Broker commission
$30.66M+29.6%
Ceding commission
-$22.23M-29.9%
Ceding Fees
$4.13M+69.1%

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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$1.1B+8.5%
Enterprise value$1.11B
P/E18.9×-1.7×
P/S1.9×-0.2×

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 source filing: Bowhead Specialty Holdings’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:25 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030616
Three Months Ended March 31,20262025
Net policy acquisition costs
Broker commission30,65523,646
Ceding fee4,1332,444
Others1,330816
Ceding commission(22,225)(17,110)
Amortization of net policy acquisition costs$13,893$9,796

Item 1. Financial Statements (unaudited)

FAQ

What is Bowhead Specialty Holdings's others — net acquisition costs?
Bowhead Specialty Holdings (BOW) reported others — net acquisition costs of $1.33M in Q1 2026.
How has Bowhead Specialty Holdings's others — net acquisition costs changed year-over-year?
Bowhead Specialty Holdings's others — net acquisition costs increased by 63.0% year-over-year, from $816K to $1.33M.
What is the long-term trend for Bowhead Specialty Holdings's others — net acquisition costs?
Over 2 years (2022 to 2024), Bowhead Specialty Holdings's others — net acquisition costs has grown at a 38.5% compound annual growth rate (CAGR), from $1.48M to $2.83M.
What does others — net acquisition costs mean?
This metric measures the total net expenses incurred to acquire, underwrite, and renew insurance policies within the 'Others' segment, after accounting for any ceding commissions or deferrals. It serves as a key indicator of the cost efficiency and underwriting discipline required to generate premium volume in this segment. Investors use this to evaluate the profitability of the segment by comparing acquisition spend against the earned premiums generated.

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