Bowhead Q2 FY26 net income rises 30.8% to $16.14 million; gross written premiums increase 28.2% to $297.89 million - BOW News | RalliesBowhead Q2 FY26 net income rises 30.8% to $16.14 million; gross written premiums increase 28.2% to $297.89 million
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BOW• Acquisition agreement
- American Family agreed to acquire the shares it does not own for USD 34 per share in cash, valuing the deal at about USD 1.2 billion.
Second-quarter results and premiums
- Bowhead posted second-quarter net income of USD 16.1 million, up 30.8% from a year earlier; diluted EPS rose to USD 0.48.
- Gross written premiums climbed 28.2% to USD 297.9 million, led by Casualty up 32.5% to USD 199.8 million.
- Combined ratio narrowed 0.9 percentage points to 95.9%, as the expense ratio fell 2 percentage points to 28.6%.
- Net investment income increased 37.6% to USD 18.8 million.
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