Bowhead Specialty

Q3 FY2026 EarningsQ3 FY26 results were mixed relative to consensus: revenue of $171.8M missed the $178.0M expectation by 3.5%, primarily due to higher-than-expected ceded premiums. However, Adjusted EPS of $0.54 beat the $0.51 consensus, driven by strong investment income and disciplined expense management. The Digital underwriting model remains a high-growth bright spot, with Baleen Specialty premiums surging 155% YoY, though the overall loss ratio widened 1.4pct to 67.3% due to lower ceded loss activity.