Bowhead Specialty Holdings Inc.

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

BOW$34.32+0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income and Comprehensive Income

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)

	Three Months EndedMarch 31,
	2025	2024
($ in thousands, except share and per share data)
Revenues
Gross written premiums	$174,848	$138,433
Ceded written premiums	(58,079)	(47,580)
Net written premiums	116,769	90,853
Change in net unearned premiums	(6,953)	(7,872)
Net earned premiums	109,816	82,981
Net investment income	12,559	7,660
Net realized investment losses	(4)	—
Other insurance-related income	345	31
Total revenues	122,716	90,672
Expenses
Net losses and loss adjustment expenses	73,427	54,320
Net acquisition costs	9,796	6,521
Operating expenses	23,937	20,522
Non-operating expenses	110	219
Warrant expense	775	—
Credit facility interest expenses and fees	247	—
Foreign exchange (gains) losses	(46)	34
Total expenses	108,246	81,616
Income before income taxes	14,470	9,056
Income tax expense	(3,045)	(2,044)
Net income	$11,425	$7,012
Other comprehensive income
Change in unrealized loss on investments (net of income tax (expense) benefit of $(1,972) and $243, respectively	7,418	(916)
Total comprehensive income	$18,843	$6,096
Earnings per share:
Basic	$0.35	$0.29
Diluted	$0.34	$0.29
Weighted average shares outstanding:
Basic	32,662,683	24,000,000
Diluted	33,711,924	24,000,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.