Bowhead Specialty reported total written premiums increased 24% to $216.7 million in the first quarter of 2026, driven by a growing renewal portfolio and continued expansion across all segments.
The casualty insurance segment led the way, with premiums increasing by 20.4% to US$147.3 million; medical liability insurance increased by 28% to US$30.4 million; professional liability insurance increased by 6.4% to US$27.7 million; Baleen Specialty grew the fastest, soaring 313.9% to US$11.4 million.
Bowhead Specialty disclosed a loss rate of 66.9% in the first quarter of 2026, which was unchanged from the same period in 2025, while the company’s combined ratio improved to 95.3%.
At the same time, the company’s net profit climbed to $16 million in the first quarter of this year, driven by an increase in investment balances, and net investment income increased 43.5% to $1 million.
Bowhead CEO Stephen Sils commented: “We are very pleased with our strong start to 2026, with total premiums written growing by 24% in the first quarter.
“This performance was driven by disciplined premium growth across our casualty portfolio and strong execution from Baleen within our digital underwriting platform.
“Going forward, we remain focused on our strategy of building a balanced portfolio of process and digital solutions to achieve sustainable and profitable growth throughout market cycles.”
