Bowhead Specialty Q3 net income falls 14.7% to $12.9 million as premiums rise 10.8%
Bowhead Specialty Holdings reported third-quarter 2026 results, with gross written premiums up 10.8% to $256.4 million and total revenues up 19.3% to $171.8 million. GAAP net income fell 14.7% to $12.9 million, or $0.38 per diluted share, from $0.45 a year earlier, while adjusted net income, a non-GAAP measure, rose 16.0% to $18.4 million. The company will not hold an earnings call because of its pending transaction with American Family.
Key points
- Gross written premiums rose 10.8% to $256.4 million; Baleen Specialty grew 155.4% to $15.8 million.
- Net income was $12.9 million, or $0.38 per diluted share, versus $15.2 million, or $0.45, a year earlier.
- Adjusted net income rose 16.0% to $18.4 million, or $0.54 per diluted share.
- Non-operating expenses were $6.9 million, compared with $0.8 million in the prior-year quarter.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.