Core Insights - Bowhead Specialty Holdings Inc. achieved a 21% increase in gross written premiums (GWP) in Q4 to $224 million and a 24% increase for the full year to approximately $863 million, driven primarily by disciplined premium growth in the casualty division [1][2][19] - The company reported a 30% growth in adjusted net income for the year, with an adjusted return on equity of 13.6% and diluted adjusted earnings per share of $1.65 [2][19] - The casualty division was the largest contributor to GWP growth, with a 26% increase in Q4 to $133 million and a 28% increase for the full year to $551 million, largely due to the excess casualty portfolio [1][19] Financial Performance - The expense ratio improved to below 30% for the year, better than the low-30s range initially expected, contributing to the overall profitability [2][28] - The loss ratio for 2025 was reported at 66.7%, an increase of 2.3 points from 2024, influenced by higher expected loss ratios and portfolio mix changes [20][27] - The company’s investment portfolio saw a 36% increase in pretax net investment income for Q4 and a 44% increase for the year, totaling $57.8 million [29] Growth Drivers - The fourth quarter's growth was bolstered by the approval of construction projects, which added nearly 30% to casualty premiums [5] - The cyber liability portfolio and healthcare management liability were significant contributors to full-year growth, with GWP in healthcare increasing 14% to $116 million [6][19] - The digital underwriting model, including the Baleen initiative, is expected to drive future growth, with Baleen generating over $21 million for the year [7][19] Underwriting Strategy - The company employs two underwriting models: a craft underwriting model for complex risks and a digital underwriting model for small, harder-to-place risks [8][9] - The craft model accounted for over 97% of GWP in 2025, while the digital model is designed for speed and efficiency in decision-making [10] - Bowhead Specialty Holdings Inc. maintains a disciplined approach to underwriting, focusing on profitability over volume and avoiding high-risk classes [16][17] Future Outlook - The company anticipates a GWP growth of around 20% for 2026, primarily driven by the casualty division and digital capabilities [11][30] - The expense ratio is expected to remain below 30% due to ongoing scaling and technology initiatives [32] - The company plans to extend the duration of its investment portfolio from 3 to 4 years to better match liabilities [33]

Bowhead Specialty (NYSE:BOW) Q4 2025 Earnings call February 24, 2026 08:30 AM ET Company ParticipantsBob Huang - Executive DirectorBrad Mulcahey - CFODerek Broaddus - Head of CasualtyPablo Singzon - Executive DirectorShirley Yap - Chief Accounting Officer and Head of Investor RelationsStephen Sills - CEOConference Call ParticipantsCameron Bianchi - Equity Research AnalystCave Montazeri - Research AnalystMeyer Shields - Managing Director and Equity Research AnalystRowland Mayor - Senior AnalystOperatorHello, ...

Bowhead Specialty (NYSE:BOW) Q4 2025 Earnings call February 24, 2026 08:30 AM ET Speaker5Hello, welcome to Bowhead Specialty's fourth quarter 2025 earnings call. After the prepared remarks, we will hold a question-and-answer session. For those in the Q&A room, please use the Raise Hand function at the bottom of your Zoom screen to join the question queue. You can do this at any time, and your question will be addressed during the Q&A session. As a reminder, this conference is being recorded. If you have any ...

Bowhead Specialty (NYSE:BOW) Q4 2025 Earnings call February 24, 2026 08:30 AM ET Speaker5Hello, and welcome to Bowhead Specialty's fourth quarter 2025 earnings call. After the prepared remarks, we will hold a question-and-answer session. For those in the Q&A room, please use the Raise Hand function at the bottom of your Zoom screen to join the question queue. You can do this at any time, and your question will be addressed during the Q&A session. As a reminder, this conference is being recorded. If you have ...

LA JOLLA, Calif., Feb. 23, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will host a fireside chat at the 47th Annual Raymond James Institutional Investors Conference on Monday, March 2, 2026, at 2:15 pm ET. Management will also be available for one-on-one and small group meetings with investors. Interested investors and other parties can access a live webcast of ...

We saw employee engagement scores rise again to an all-time high, We completed the sale of Armada MGA and announced the sale of Acadian MGA which crystallized $390,000,000 of liquidity and almost $200,000,000 of off balance sheet value while agreeing long-term capacity deals on underwriting. Finally, it has been important to attract top talent to the company while growing talent internally. We have had great momentum, and in 2025, we welcomed 18 senior leaders to the company as well as promoting six from wi ...

SiriusPoint (NYSE:SPNT) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Speaker5Good morning, and welcome to the SiriusPoint fourth quarter 2025 earnings conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference line will be open for questions with instructions to follow. As a reminder, this conference call is being recorded. I would now like to turn the call over to Mr. Liam Blackledge, Investor Relations and Strategy Manager. Pl ...

PEORIA, Ill.--(BUSINESS WIRE)-- #casualtyinsurance--RLI declares a first quarter dividend of $0.16 per share marking 50 consecutive years of dividend increases. ...

Core Insights - Palomar Holdings, Inc. reported a significant increase in net income for Q4 2025, reaching $56.2 million, or $2.06 per diluted share, compared to $35.0 million, or $1.29 per diluted share, in Q4 2024, marking a 60.6% increase in net income year-over-year [1][7] - The company achieved an adjusted net income of $61.1 million, or $2.24 per diluted share, for Q4 2025, up from $41.3 million, or $1.52 per diluted share, in Q4 2024, reflecting a 48.0% increase [1][7] - Gross written premiums grew by 31.8% to $492.6 million in Q4 2025, compared to $373.7 million in Q4 2024, while net earned premiums increased by 61.1% [5][7] Fourth Quarter 2025 Highlights - The company reported a record adjusted net income and strong growth in both top and bottom lines, with gross written premiums increasing by 32% and adjusted net income rising by 48% [4] - The adjusted combined ratio for Q4 2025 was 73.4%, compared to 71.7% in Q4 2024, indicating effective underwriting performance [8][7] - The annualized return on equity for Q4 2025 was 24.7%, up from 19.5% in the same period last year [11][7] Full Year 2025 Highlights - For the full year 2025, gross written premiums reached $2.0 billion, a 31.5% increase from $1.5 billion in 2024 [7][34] - Net income for the full year was $197.1 million, a 67.6% increase from $117.6 million in 2024, while adjusted net income rose by 61.9% to $216.1 million [7][34] - The total loss ratio for 2025 was 28.5%, compared to 26.4% in 2024, indicating a slight increase in losses relative to earned premiums [7][34] Underwriting Results - Underwriting income for Q4 2025 was $54.4 million, resulting in a combined ratio of 76.8%, compared to a combined ratio of 75.9% in Q4 2024 [8][7] - The company experienced a loss ratio of 30.4% in Q4 2025, up from 25.7% in Q4 2024, with a catastrophe loss ratio of -0.9% compared to 5.6% in the previous year [6][7] Investment Results - Net investment income increased by 41.3% to $16.0 million in Q4 2025, driven by higher yields on invested assets [9][7] - The company recorded net realized and unrealized gains of $2.4 million in Q4 2025, contrasting with losses of $1.2 million in the same period last year [9][7] Stockholders' Equity and Returns - Stockholders' equity rose to $942.7 million at the end of 2025, compared to $729.0 million at the end of 2024 [11][7] - The company did not repurchase any shares during the quarter, with approximately $112.7 million remaining available for future repurchases under the existing authorization [11][7] Full Year 2026 Outlook - For the full year 2026, the company anticipates achieving adjusted net income between $260 million and $275 million, including an estimate of $8 million to $12 million in catastrophe losses [12][7]

Core Viewpoint - Palomar Holdings, Inc. is set to release its fourth quarter and full year 2025 financial results on February 11, 2026, followed by a conference call on February 12, 2026, at 12:00 p.m. Eastern Time [1]. Group 1: Conference Call Details - The conference call can be accessed live by dialing 1-877-423-9813 for domestic callers and 1-201-689-8573 for international callers [2]. - A replay of the conference call will be available starting at 4:00 p.m. Eastern Time on February 12, 2026, and can be accessed by dialing 1-844-512-2921 for domestic callers and 1-412-317-6671 for international callers, with a passcode of 13758018 [2]. - The replay will be available until 11:59 p.m. Eastern Time on February 19, 2026 [2]. Group 2: Company Overview - Palomar Holdings, Inc. is the holding company for several subsidiaries, including Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and others, providing a range of insurance services [4]. - The company operates in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop [4]. - Palomar's insurance subsidiaries have received an "A" (Excellent) financial strength rating from A.M. Best [4].