Bowhead Specialty Holdings Inc. (BOW)

BOW Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022
Premiums & Annuity Revenue	354.24	263.9	182.86
Total Interest & Dividend Income	34.69	19.37	4.73
Other Revenue	0.2	0.13	0.01
Total Revenue	389.14	283.4	187.6
Revenue Growth (YoY)	107.43%	51.06%	-
Policy Benefits	233.78	166.28	111.76
Policy Acquisition & Underwriting Costs	29.05	20.94	15.19
Selling, General & Administrative	81.13	63.46	45.99
Total Operating Expenses	343.96	250.67	172.94
Operating Income	45.17	32.73	14.66
Currency Exchange Gain (Loss)	-0.03	0.02	-
EBT Excluding Unusual Items	43.54	32.75	14.66
Other Unusual Items	-2.82	-0.63	-
Pretax Income	38.1	32.12	14.66
Income Tax Expense	8.68	7.07	3.41
Net Income	29.42	25.05	11.26
Net Income to Common	29.42	25.05	11.26
Net Income Growth	161.38%	122.52%	-
Shares Outstanding (Basic)	27	24	24
Shares Outstanding (Diluted)	27	24	24
Shares Change (YoY)	13.60%	-	-
EPS (Basic)	1.09	1.04	0.47
EPS (Diluted)	1.08	1.04	0.47
EPS Growth	130.44%	121.75%	-
Free Cash Flow	290.71	232.41	177.67
Free Cash Flow Per Share	10.66	9.68	7.40
Operating Margin	11.61%	11.55%	7.81%
Profit Margin	7.56%	8.84%	6.00%
Free Cash Flow Margin	74.71%	82.01%	94.71%
EBITDA	46.65	32.89	14.79
EBITDA Margin	11.99%	11.61%	7.88%
D&A For EBITDA	1.48	0.17	0.13
EBIT	45.17	32.73	14.66
EBIT Margin	11.61%	11.55%	7.81%
Effective Tax Rate	22.77%	22.01%	23.22%
Revenue as Reported	389.14	283.4	187.6

Source: S&P Capital IQ. Insurance template. Financial Sources.