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Employers Holdings vs Bowhead Specialty Holdings: EIG and BOW compared
Employers Holdings is the larger company: $189M of revenue in its latest quarter (Q3 2026) against $172M for Bowhead Specialty Holdings (Q3 2026). Bowhead Specialty Holdings is growing faster (+19% against -21% a year earlier). Bowhead Specialty Holdings is more profitable, with an operating margin of 9.3% against 7.7%.
Where the money goes: EIG and BOW
Employers Holdings (EIG) · Q3 2026
Employers Holdings, Q3 2026: revenue $189M (-21% year over year), operating margin 7.7%, net earnings $11.6M, operating cash flow −$11.4M. The chart follows the revenue to costs, profit and cash.
Bowhead Specialty Holdings (BOW) · Q3 2026
Bowhead Specialty Holdings, Q3 2026: revenue $172M (+19% year over year), operating margin 9.3%, net earnings $12.9M, operating cash flow $193M. The chart follows the revenue to costs, profit and cash.
| Employers Holdings (EIG) | Bowhead Specialty Holdings (BOW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $189M | $172M |
| Revenue growth, Y/Y | -21% | +19% |
| Operating margin | 7.7% | 9.3% |
| Net earnings | $11.6M | $12.9M |
| Net margin | 6.1% | 7.5% |
| Operating cash flow | −$11.4M | $193M |
| Free cash flow | — | $191M |
Questions
Which is bigger, Employers Holdings or Bowhead Specialty Holdings?
Employers Holdings is the larger company: $189M of revenue in its latest quarter (Q3 2026) against $172M for Bowhead Specialty Holdings (Q3 2026).
Is Employers Holdings or Bowhead Specialty Holdings growing faster?
Bowhead Specialty Holdings is growing faster (+19% against -21% a year earlier).
Which is more profitable, Employers Holdings or Bowhead Specialty Holdings?
Bowhead Specialty Holdings is more profitable, with an operating margin of 9.3% against 7.7%.
More: Employers Holdings earnings · how Employers Holdings makes money · Bowhead Specialty Holdings earnings · how Bowhead Specialty Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.