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Side-by-side financial comparison of American Integrity Insurance Group, Inc. (AII) and Bowhead Specialty Holdings Inc. (BOW). Click either name above to swap in a different company.
Bowhead Specialty Holdings Inc. is the larger business by last-quarter revenue ($151.7M vs $68.1M, roughly 2.2× American Integrity Insurance Group, Inc.). American Integrity Insurance Group, Inc. runs the higher net margin — 30.7% vs 9.8%, a 20.9% gap on every dollar of revenue. Bowhead Specialty Holdings Inc. produced more free cash flow last quarter ($58.6M vs $50.2M).
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individua...
Bowhead Specialty Holdings Inc. is a specialty insurance holding company that offers a diversified portfolio of property and casualty insurance products, focusing on underserved niche market segments primarily across North America. It provides tailored risk management solutions and specialized coverage options for both commercial and individual clients.
AII vs BOW — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $68.1M | $151.7M |
| Net Profit | $20.9M | $14.8M |
| Gross Margin | — | — |
| Operating Margin | 43.0% | 11.7% |
| Net Margin | 30.7% | 9.8% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.58 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $68.1M | $151.7M | ||
| Q3 25 | $62.0M | $143.9M | ||
| Q2 25 | $74.5M | $133.3M | ||
| Q1 25 | $71.9M | $122.7M | ||
| Q3 24 | — | $116.8M | ||
| Q2 24 | — | $98.9M |
| Q4 25 | $20.9M | $14.8M | ||
| Q3 25 | $13.2M | $15.2M | ||
| Q2 25 | $27.5M | $12.3M | ||
| Q1 25 | $38.1M | $11.4M | ||
| Q3 24 | — | $12.1M | ||
| Q2 24 | — | $5.5M |
| Q4 25 | 43.0% | 11.7% | ||
| Q3 25 | 30.3% | 13.3% | ||
| Q2 25 | 32.3% | 11.9% | ||
| Q1 25 | 59.7% | 11.8% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 7.5% |
| Q4 25 | 30.7% | 9.8% | ||
| Q3 25 | 21.2% | 10.5% | ||
| Q2 25 | 36.9% | 9.3% | ||
| Q1 25 | 53.0% | 9.3% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 5.6% |
| Q4 25 | $0.58 | $0.44 | ||
| Q3 25 | $0.67 | $0.45 | ||
| Q2 25 | $1.62 | $0.36 | ||
| Q1 25 | $2.78 | $0.34 | ||
| Q3 24 | — | $0.36 | ||
| Q2 24 | — | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $222.0M | $193.5M |
| Total DebtLower is stronger | $618.0K | $146.4M |
| Stockholders' EquityBook value | $337.0M | $448.3M |
| Total Assets | $1.2B | $2.4B |
| Debt / EquityLower = less leverage | 0.00× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.0M | $193.5M | ||
| Q3 25 | $171.9M | $197.9M | ||
| Q2 25 | $259.6M | $114.8M | ||
| Q1 25 | $236.4M | $88.0M | ||
| Q3 24 | — | $132.9M | ||
| Q2 24 | — | $180.3M |
| Q4 25 | $618.0K | $146.4M | ||
| Q3 25 | $721.0K | — | ||
| Q2 25 | $824.0K | — | ||
| Q1 25 | $926.0K | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $337.0M | $448.3M | ||
| Q3 25 | $315.9M | $430.2M | ||
| Q2 25 | $301.9M | $407.2M | ||
| Q1 25 | $186.1M | $391.0M | ||
| Q3 24 | — | $364.7M | ||
| Q2 24 | — | $339.9M |
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.1B | $1.8B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B |
| Q4 25 | 0.00× | 0.33× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $50.2M | $60.1M |
| Free Cash FlowOCF − Capex | $50.2M | $58.6M |
| FCF MarginFCF / Revenue | 73.7% | 38.7% |
| Capex IntensityCapex / Revenue | 0.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.41× | 4.05× |
| TTM Free Cash FlowTrailing 4 quarters | $133.1M | $326.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.2M | $60.1M | ||
| Q3 25 | $-7.5M | $114.7M | ||
| Q2 25 | $27.4M | $109.0M | ||
| Q1 25 | $68.1M | $47.7M | ||
| Q3 24 | — | $119.4M | ||
| Q2 24 | — | — |
| Q4 25 | $50.2M | $58.6M | ||
| Q3 25 | $-11.9M | $113.5M | ||
| Q2 25 | $26.9M | $107.4M | ||
| Q1 25 | $68.0M | $46.5M | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | — |
| Q4 25 | 73.7% | 38.7% | ||
| Q3 25 | -19.2% | 78.8% | ||
| Q2 25 | 36.1% | 80.6% | ||
| Q1 25 | 94.6% | 37.9% | ||
| Q3 24 | — | 101.4% | ||
| Q2 24 | — | — |
| Q4 25 | 0.0% | 1.0% | ||
| Q3 25 | 7.2% | 0.9% | ||
| Q2 25 | 0.6% | 1.2% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | — |
| Q4 25 | 2.41× | 4.05× | ||
| Q3 25 | -0.57× | 7.56× | ||
| Q2 25 | 1.00× | 8.83× | ||
| Q1 25 | 1.79× | 4.18× | ||
| Q3 24 | — | 9.88× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
