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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Premiums & Annuity Revenue	441	385.11	263.9	182.86
Total Interest & Dividend Income	49.9	40.12	19.37	4.73
Gain (Loss) on Sale of Investments	-0.02	-0.02	-	-
Other Revenue	1.19	0.44	0.13	0.01
Total Revenue	492.07	425.66	283.4	187.6
Revenue Growth (YoY)	41.21%	50.20%	51.06%	-
Policy Benefits	287.09	248.1	166.28	111.76
Policy Acquisition & Underwriting Costs	39.13	32.4	20.94	15.19
Selling, General & Administrative	98.25	89.11	63.46	45.99
Total Operating Expenses	424.47	369.61	250.67	172.94
Operating Income	67.6	56.05	32.73	14.66
Interest Expense	-1.01	-0.73	-	-
Currency Exchange Gain (Loss)	-0.07	-0.07	0.02	-
Other Non Operating Income (Expenses)	-3.14	-1.92	-	-
EBT Excluding Unusual Items	63.38	53.34	32.75	14.66
Other Unusual Items	-1.66	-2.81	-0.63	-
Pretax Income	64.46	50.54	32.12	14.66
Income Tax Expense	14.99	12.29	7.07	3.41
Net Income	49.47	38.24	25.05	11.26
Net Income to Common	49.47	38.24	25.05	11.26
Net Income Growth	89.98%	52.69%	122.52%	-
Shares Outstanding (Basic)	33	29	24	24
Shares Outstanding (Diluted)	34	30	24	24
Shares Change (YoY)	35.02%	23.66%	-	-
EPS (Basic)	1.51	1.31	1.04	0.47
EPS (Diluted)	1.47	1.29	1.04	0.47
EPS Growth	41.97%	24.04%	121.75%	-
Free Cash Flow	333.27	291.18	232.41	177.67
Free Cash Flow Per Share	9.90	9.81	9.68	7.40
Operating Margin	13.74%	13.17%	11.55%	7.81%
Profit Margin	10.05%	8.98%	8.84%	6.00%
Free Cash Flow Margin	67.73%	68.41%	82.01%	94.71%
EBITDA	66.81	56.22	32.89	14.79
EBITDA Margin	13.58%	13.21%	11.61%	7.88%
D&A For EBITDA	-0.79	0.17	0.17	0.13
EBIT	67.6	56.05	32.73	14.66
EBIT Margin	13.74%	13.17%	11.55%	7.81%
Effective Tax Rate	23.26%	24.32%	22.01%	23.23%
Revenue as Reported	492.07	425.66	283.4	187.6

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q