Bowhead Specialty Holdings Inc. (BOW)

BOW Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Premiums & Annuity Revenue	411.95	385.11	263.9	182.86
Total Interest & Dividend Income	45.02	40.12	19.37	4.73
Gain (Loss) on Sale of Investments	-0.02	-0.02	-	-
Other Revenue	0.76	0.44	0.13	0.01
Total Revenue	457.7	425.66	283.4	187.6
Revenue Growth (YoY)	45.29%	50.20%	51.06%	-
Policy Benefits	267.21	248.1	166.28	111.76
Policy Acquisition & Underwriting Costs	35.67	32.4	20.94	15.19
Selling, General & Administrative	93.77	89.11	63.46	45.99
Total Operating Expenses	396.64	369.61	250.67	172.94
Operating Income	61.06	56.05	32.73	14.66
Interest Expense	-0.97	-0.73	-	-
Currency Exchange Gain (Loss)	0.01	-0.07	0.02	-
Other Non Operating Income (Expenses)	-2.69	-1.92	-	-
EBT Excluding Unusual Items	57.41	53.34	32.75	14.66
Other Unusual Items	-2.7	-2.81	-0.63	-
Pretax Income	55.95	50.54	32.12	14.66
Income Tax Expense	13.29	12.29	7.07	3.41
Net Income	42.66	38.24	25.05	11.26
Net Income to Common	42.66	38.24	25.05	11.26
Net Income Growth	57.64%	52.69%	122.52%	-
Shares Outstanding (Basic)	31	29	24	24
Shares Outstanding (Diluted)	32	30	24	24
Shares Change (YoY)	33.77%	23.66%	-	-
EPS (Basic)	1.36	1.31	1.04	0.47
EPS (Diluted)	1.33	1.29	1.04	0.47
EPS Growth	18.99%	24.04%	121.75%	-
Free Cash Flow	296.56	291.18	232.41	177.67
Free Cash Flow Per Share	9.24	9.81	9.68	7.40
Operating Margin	13.34%	13.17%	11.55%	7.81%
Profit Margin	9.32%	8.98%	8.84%	6.00%
Free Cash Flow Margin	64.79%	68.41%	82.01%	94.71%
EBITDA	60.87	56.22	32.89	14.79
EBITDA Margin	13.30%	13.21%	11.61%	7.88%
D&A For EBITDA	-0.19	0.17	0.17	0.13
EBIT	61.06	56.05	32.73	14.66
EBIT Margin	13.34%	13.17%	11.55%	7.81%
Effective Tax Rate	23.76%	24.32%	22.01%	23.23%
Revenue as Reported	457.7	425.66	283.4	187.6

Updated May 6, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q