Bowhead Specialty Valuation Multiples

Bowhead Specialty Overview

About Bowhead Specialty

Bowhead Specialty Holdings Inc offers commercial specialty property and casualty insurance products. The company offers underwriting solutions to various businesses across four underwriting divisions, which include Casualty, Professional Liability, Healthcare Liability, and Baleen Specialty. A majority of its revenue is generated from the Casualty division, which specializes in general liability coverage, which protects a company against liability arising from bodily injury, personal injury, or property damage, for risks in the construction, distribution, heavy manufacturing, real estate, public entity, and hospitality segments, and also considers underwriting risks in a broader range of industries. Geographically, the company operates in the United States.

Founded

2021

HQ

Employees

296

Website

bowheadspecialty.com

Sectors

Insurance Carriers

Financials (LTM)

Revenue: $881M

EBITDA: $78M

EV

$783M

Valuation Multiples

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Bowhead Specialty Financials

Bowhead Specialty reported last 12-month revenue of $881M and EBITDA of $78M.

In the same LTM period, Bowhead Specialty generated $78M in EBITDA and $57M in net income.

Bowhead Specialty P&L

In the most recent fiscal year, Bowhead Specialty reported revenue of $863M and EBITDA of $73M.

Bowhead Specialty expects next 12-month revenue of XXX and NTM EBITDA of XXX

Bowhead Specialty Stock Performance

Bowhead Specialty has current market cap of $830M, and enterprise value of $783M.

Bowhead Specialty's stock price is $25.33.

Bowhead Specialty Valuation Multiples

Bowhead Specialty trades at 0.9x EV/Revenue multiple, and 10.0x EV/EBITDA.

Bowhead Specialty Financial Valuation Multiples

As of March 26, 2026, Bowhead Specialty has market cap of $830M and EV of $783M.

Equity research analysts estimate Bowhead Specialty's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Bowhead Specialty has a P/E ratio of 14.5x.

Bowhead Specialty Margins & Growth Rates

Bowhead Specialty's revenue in the last 12 month grew by 11%.

Bowhead Specialty's revenue per employee in the last FY averaged $3.0M.

Bowhead Specialty's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Bowhead Specialty's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Bowhead Specialty Public Comps

See public comps and valuation multiples for other Insurance Carriers comps.

Bowhead Specialty M&A Activity

Bowhead Specialty acquired XXX companies to date.

Last acquisition by Bowhead Specialty was on XXXXXXXX, XXXXX. Bowhead Specialty acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Bowhead Specialty Investment Activity

Bowhead Specialty invested in XXX companies to date.

Bowhead Specialty made its latest investment on XXXXXXXX, XXXXX. Bowhead Specialty invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).