Bowhead Reports Q4 Revenue of $151.68M, Beating Expectations
Reports Q4 revenue $151.68M, consensus $145.99M. Reports Q4 diluted book value per share $13.45. Reports Q4 gross written premiums increased 21.3% to $224.1M. Bowhead CEO, Stephen Sills, commented, "Bowhead had a great year in 2025. Gross written premiums grew more than 21% in the fourth quarter, and 24% for the full year. At the start of the year, we expected a low 30s expense ratio for the full year of 2025 but achieved an expense ratio below 30% starting in the third quarter and for the full year of 2025. With these accomplishments, Bowhead's adjusted net income for the year grew over 30%, adjusted return on equity was 13.6%, and diluted adjusted earnings per share was $1.65."
