Bowhead Specialty Holdings reported higher second-quarter net income and revenue, driven by strong premium growth across all divisions. Net income rose to $16.138 million, or $0.48 per share, from $12.342 million, or $0.36 per share, a year earlier. Net earned premiums increased to $143.953 million from $119.137 million, while gross written premiums climbed to $297.9 million from $232.361 million, with the casualty segment contributing $199.764 million, up from $150.720 million. Total revenues advanced to $163.857 million from $133.263 million. Shares gained 10% to $33.67 in pre-market trading on the New York Stock Exchange.
Bowhead Specialty Holdings Inc.Higher net income and revenue driven by strong premium growth across all divisions.