Bowhead Specialty Holdings Inc. (BOW)

BOW Balance Sheet

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
Investments in Debt Securities	1,113	879.99	554.62	236.89
Other Investments	-	10	8.82	46.04
Total Investments	1,113	889.99	563.45	282.92
Cash & Equivalents	114.82	97.48	118.07	64.66
Reinsurance Recoverable	319.42	255.07	139.39	63.53
Other Receivables	100.47	71.78	44.58	30.72
Deferred Policy Acquisition Cost	32.18	27.63	19.41	13.67
Property, Plant & Equipment	8.88	10.85	8.1	7.15
Restricted Cash	51.45	124.58	1.7	15.99
Other Current Assets	171.45	152.57	116.73	74.54
Long-Term Deferred Tax Assets	19.56	20.34	14.23	11.28
Other Long-Term Assets	10.84	3.97	2.2	0.74
Total Assets	1,942	1,654	1,028	565.21
Accrued Expenses	10.48	18.01	14.9	12.03
Unearned Premiums	502.38	446.85	344.7	231.74
Reinsurance Payable	62.61	51.86	40.44	23.69
Current Portion of Leases	-	1.5	-	-
Current Income Taxes Payable	0.14	1.57	0.04	1.52
Long-Term Leases	3.6	2.81	0.7	1.2
Other Long-Term Liabilities	955.13	761.21	435	211.66
Total Liabilities	1,534	1,284	835.78	481.83
Common Stock	0.33	0.33	0.24	0.24
Additional Paid-In Capital	320.75	318.1	178.54	100.2
Retained Earnings	86.68	62.91	24.67	-0.38
Comprehensive Income & Other	0.06	-10.89	-11.37	-16.69
Shareholders' Equity	407.81	370.44	192.08	83.37
Total Liabilities & Equity	1,942	1,654	1,028	565.21
Filing Date Shares Outstanding	32.78	32.66	30.67	24
Total Common Shares Outstanding	32.78	32.66	24	24
Total Debt	3.6	4.31	0.7	1.2
Net Cash (Debt)	111.22	93.17	117.37	63.46
Net Cash Growth	-36.84%	-20.62%	84.95%	-
Net Cash Per Share	3.30	3.14	4.89	2.64
Book Value Per Share	12.44	11.34	8.00	3.47
Tangible Book Value	407.81	370.44	192.08	83.37
Tangible Book Value Per Share	12.44	11.34	8.00	3.47
Machinery	-	0.04	0.13	0.13
Leasehold Improvements	-	0.03	0.5	0.5

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

SEC Filings: 10-K · 10-Q