BOW Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Premiums & Annuity Revenue	385.11	263.9	182.86
Total Interest & Dividend Income	40.11	19.37	4.73
Other Revenue	0.44	0.13	0.01
Total Revenue	425.66	283.4	187.6
Revenue Growth (YoY)	50.20%	51.06%	-
Policy Benefits	248.1	166.28	111.76
Policy Acquisition & Underwriting Costs	32.4	20.94	15.19
Selling, General & Administrative	89.11	63.46	45.99
Total Operating Expenses	369.61	250.67	172.94
Operating Income	56.05	32.73	14.66
Interest Expense	-0.73	-	-
Currency Exchange Gain (Loss)	-0.07	0.02	-
Other Non Operating Income (Expenses)	-1.92	-	-
EBT Excluding Unusual Items	53.34	32.75	14.66
Other Unusual Items	-2.81	-0.63	-
Pretax Income	50.54	32.12	14.66
Income Tax Expense	12.29	7.07	3.41
Net Income	38.24	25.05	11.26
Net Income to Common	38.24	25.05	11.26
Net Income Growth	52.68%	122.52%	-
Shares Outstanding (Basic)	29	24	24
Shares Outstanding (Diluted)	30	24	24
Shares Change (YoY)	23.65%	-	-
EPS (Basic)	1.31	1.04	0.47
EPS (Diluted)	1.29	1.04	0.47
EPS Growth	24.04%	121.75%	-
Free Cash Flow	291.18	232.41	177.67
Free Cash Flow Per Share	9.81	9.68	7.40
Operating Margin	13.17%	11.55%	7.81%
Profit Margin	8.98%	8.84%	6.00%
Free Cash Flow Margin	68.41%	82.01%	94.71%
EBITDA	56.22	32.89	14.79
EBITDA Margin	13.21%	11.61%	7.88%
D&A For EBITDA	0.17	0.17	0.13
EBIT	56.05	32.73	14.66
EBIT Margin	13.17%	11.55%	7.81%
Effective Tax Rate	24.32%	22.01%	23.22%
Revenue as Reported	425.66	283.4	187.6

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