Financial Performance - Gross written premiums are expected to increase by 27% to 34% year over year, reaching between $193 million and $200 million[2] - Net income is projected to be between $11.5 million and $12.5 million, translating to diluted earnings per share of $0.34 to $0.37[2] - Adjusted net income is anticipated to be between $12 million and $13 million, or $0.36 to $0.39 per diluted share[2] - Net investment income is expected to be between $11 million and $12 million for the quarter[7] Loss and Expense Ratios - The loss ratio is expected to be between 64.0% and 65.0%, a decrease from 65.5% in the previous quarter[5] - The expense ratio is projected to be between 29.5% and 30.5%, down from 33.8% in the second quarter of 2024[6] Division Performance - The Casualty division led growth with an approximately 40% increase in gross written premiums year over year[4] - Healthcare Liability gross written premiums grew over 25% year over year[4] - A new division, Baleen Specialty, generated a preliminary $0.4 million in gross written premiums for Q3 2024[4] Upcoming Events - The company will host a conference call on November 5, 2024, to discuss the results in detail[17]
Bowhead Specialty Holdings Inc.(BOW) - 2024 Q3 - Quarterly Results