Bowhead Reports Q1 Revenue of $155.7M, Premiums Up 24%
Reports Q1 revenue $155.7M vs. $122.7M last year. Gross written premiums increased 24.0% to $216.7 million. Return on equity of 14.1% and adjusted return on equity of 14.1%. Book value per share $13.98 and diluted book value per share of $13.80. Bowhead Chief Executive Officer, Stephen Sills, commented, "We are very pleased with our strong start to 2026, delivering a 24% growth in gross written premiums in the first quarter. This performance was driven by the disciplined premium growth achieved in our Casualty portfolio and the strong execution in Baleen within our digital underwriting platform. As we look ahead, we remain focused on our strategy of building a balanced portfolio of craft and digital solutions to deliver sustainable and profitable growth across market cycles. Brandon Mezick, our Head of Digital, will join today's earnings call to share how our digital underwriting platform supports this strategy and strengthens our competitive position."
