Bowhead Specialty Holdings Inc. announced robust financial results for the second quarter ended June 30, 2025. The company reported gross written premiums of $232.36 million, marking a 32.4% increase year over year, and net earned premiums grew 32.2% to $119.14 million.
Underwriting profitability improved significantly, with the combined ratio decreasing to 96.8% from 99.3% in Q2 2024. Net income surged by 123.1% to $12.34 million, and annualized return on equity increased to 12.4% from 8.2% in the prior year's quarter.
Net investment income also contributed meaningfully, rising 55.8% to $13.68 million. The company's GAAP profit of $0.37 per share exceeded analysts' consensus estimates by 2.9%, and it maintains a strong balance sheet with a Debt/Equity ratio of 0.00.
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