Bowhead Specialty Holdings Inc. (BOW)

BOW Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022
Investments in Debt Securities	891.25	554.62	236.89
Other Investments	10	8.82	46.04
Total Investments	901.25	563.45	282.92
Cash & Equivalents	132.89	118.07	64.66
Reinsurance Recoverable	225.01	139.39	63.53
Other Receivables	54.15	44.58	30.72
Deferred Policy Acquisition Cost	26.46	19.41	13.67
Property, Plant & Equipment	7.44	8.1	7.15
Restricted Cash	28.82	1.7	15.99
Other Current Assets	146.13	116.73	74.54
Long-Term Deferred Tax Assets	16.28	14.23	11.28
Other Long-Term Assets	9.22	2.2	0.74
Total Assets	1,548	1,028	565.21
Accrued Expenses	14.7	14.9	12.03
Unearned Premiums	427.1	344.7	231.74
Reinsurance Payable	54.16	40.44	23.69
Current Portion of Leases	0.39	0.56	-
Current Income Taxes Payable	0.03	0.04	1.52
Long-Term Leases	3.76	0.09	1.2
Other Long-Term Liabilities	682.71	435.05	211.66
Total Liabilities	1,183	835.78	481.83
Common Stock	0.33	0.24	0.24
Additional Paid-In Capital	316.33	178.54	100.2
Retained Earnings	49.3	24.67	-0.38
Comprehensive Income & Other	-1.14	-11.37	-16.69
Shareholders' Equity	364.83	192.08	83.37
Total Liabilities & Equity	1,548	1,028	565.21
Filing Date Shares Outstanding	32.66	30.67	24
Total Common Shares Outstanding	32.66	24	24
Total Debt	4.14	0.65	1.2
Net Cash (Debt)	128.75	117.42	63.46
Net Cash Growth	102.89%	85.03%	-
Net Cash Per Share	4.72	4.89	2.64
Book Value Per Share	11.17	8.00	3.47
Tangible Book Value	364.83	192.08	83.37
Tangible Book Value Per Share	11.17	8.00	3.47
Machinery	-	0.13	0.13
Leasehold Improvements	-	0.5	0.5

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