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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Investments in Debt Securities	1,150	879.99	554.62	236.89
Other Investments	-	10	8.82	46.04
Total Investments	1,150	889.99	563.45	282.92
Cash & Equivalents	197.86	97.48	118.07	64.66
Reinsurance Recoverable	360.88	255.07	139.39	63.53
Other Receivables	78.34	71.78	44.58	30.72
Deferred Policy Acquisition Cost	33.47	27.63	19.41	13.67
Property, Plant & Equipment	9.68	10.85	8.1	7.15
Restricted Cash	52.92	124.58	1.7	15.99
Other Current Assets	184.56	152.57	116.73	74.54
Long-Term Deferred Tax Assets	19.09	20.34	14.23	11.28
Other Long-Term Assets	8.15	3.97	2.2	0.74
Total Assets	2,095	1,654	1,028	565.21
Accrued Expenses	14.38	18.01	14.9	12.03
Unearned Premiums	536.11	446.85	344.7	231.74
Reinsurance Payable	67.88	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	3.3	2.81	0.7	1.2
Other Long-Term Liabilities	1,042	761.21	435	211.66
Total Liabilities	1,664	1,284	835.78	481.83
Common Stock	0.33	0.33	0.24	0.24
Additional Paid-In Capital	323.31	318.1	178.54	100.2
Retained Earnings	101.85	62.91	24.67	-0.38
Comprehensive Income & Other	5.55	-10.89	-11.37	-16.69
Shareholders' Equity	431.04	370.44	192.08	83.37
Total Liabilities & Equity	2,095	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	3.3	4.31	0.7	1.2
Net Cash (Debt)	194.56	93.17	117.37	63.46
Net Cash Growth	51.11%	-20.62%	84.95%	-
Net Cash Per Share	0.01	3.14	4.89	2.64
Book Value Per Share	13.15	11.34	8.00	3.47
Tangible Book Value	431.04	370.44	192.08	83.37
Tangible Book Value Per Share	13.15	11.34	8.00	3.47
Machinery	-	0.04	0.13	0.13
Leasehold Improvements	-	0.03	0.5	0.5

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q