Bowhead Specialty Holdings (BOW) Operating Expenses (2023 - 2026)
Bowhead Specialty Holdings' Operating Expenses was $143.2 million in Q2 2026, up 22.0% from $117.35 million a year earlier and up 6.0% from the prior quarter.
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Analysis
Bowhead Specialty Holdings (BOW) Operating Expenses (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Bowhead Specialty Holdings' Operating Expenses was $537.02 million through Jun 30, 2026, up 25.6% year-over-year; for FY2025, it came in at $484.29 million, up 29.1% from FY2024.
- Operating Expenses has now increased for three consecutive years, with a three-year compound annual growth rate of 41.0% (FY2022 to FY2025).
- In earlier years, Operating Expenses was $375.13 million in FY2024 (+49.3%), $251.28 million in FY2023 (+45.3%) and $172.94 million in FY2022.
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q2 2023.
- Compared with a year earlier, Operating Expenses has increased for nine straight quarters, with growth averaging 31.4% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 22.0% (Q2 2026) to 60.5% (Q2 2024).
- Per Business Quant data, BOW's Operating Expenses in the three quarters before Q2 2026 was $135.12 million (Q1 2026), $133.87 million (Q4 2025) and $124.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 140.54 Bn | 87.12 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 132.53 Bn | 108.37 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Marsh & Mclennan Companies | 93.78 Bn | 85.94 Bn | - | 5.65 Bn |
| 4 | Travelers Companies | 85.38 Bn | 61.63 Bn | 6.23 Bn | 9.39 Bn |
| 5 | Manulife Financial | 76.84 Bn | -18.04 Bn | - | -902.21 Mn |
| 6 | Arthur J. Gallagher | 68.83 Bn | 63.23 Bn | - | 3.59 Bn |
| 7 | Allstate | 65.57 Bn | 26.84 Bn | 8.73 Bn | 14.45 Bn |
| 8 | Metlife | 65.46 Bn | -41.32 Bn | 7.82 Bn | 18.12 Bn |
| 9 | Aon | 64.98 Bn | 58.19 Bn | - | 3.33 Bn |
| 10 | Bowhead Specialty Holdings | 1.12 Bn | 487.96 Mn | - | 143.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 143.20 Mn |
| Mar 31, 2026 | 135.12 Mn |
| Dec 31, 2025 | 133.87 Mn |
| Sep 30, 2025 | 124.83 Mn |
| Jun 30, 2025 | 117.35 Mn |
| Mar 31, 2025 | 108.25 Mn |
| Dec 31, 2024 | 101.08 Mn |
| Sep 30, 2024 | 100.94 Mn |
| Jun 30, 2024 | 91.49 Mn |
| Mar 31, 2024 | 81.62 Mn |
| Dec 31, 2023 | 76.99 Mn |
| Sep 30, 2023 | 64.83 Mn |
| Jun 30, 2023 | 56.99 Mn |
API Access
Bowhead Specialty Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();