Bowhead Specialty has reported a 24% rise in gross written premiums to $216.7 million for Q1 2026, driven by a growing renewal portfolio and continued expansion across all divisions.
The Casualty division led performance with premiums up 20.4% to $147.3 million, while Healthcare Liability increased 28% to $30.4 million, Professional Liability rose 6.4% to $27.7 million, and Baleen Specialty recorded the sharpest growth, surging 313.9% to $11.4 million.
Bowhead Specialty disclosed a loss ratio of 66.9% for Q1 2026, unchanged compared to the same period in 2025, while the firm’s combined ratio improved to 95.3%.
Meanwhile, the firm’s net income climbed to $16 million in the opening quarter of the year, and its net investment income increased 43.5% to $1 million, driven by a higher balance of investments.
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.”
