Bowhead Specialty Holdings Inc. reported third quarter 2025 financial results with gross written premiums rising 17.5% year-over-year to $231.5 million. Net income was $15.2 million, or $0.45 per diluted share, while adjusted net income reached $15.8 million, or $0.47 per diluted share. Adjusted net income increased 25.5% compared to the prior year period. The company's return on equity was 14.5%, and adjusted return on equity was 15.1%. Book value per share was $13.15, and diluted book value per share was $12.75. The growth in gross written premiums was led by the Casualty division, which increased 20.4% to $144.7 million, and Professional Liability, which grew 1.7% to $45.7 million.
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