| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 38,943 | 23,767 |
| Net realized investment losses | -30 | -15 |
| Amortization of premium/discounts on fixed maturity securities | 923 | 680 |
| Stockbased compensation | 3,406 | 1,440 |
| Depreciation and amortization | 1,219 | 757 |
| Non-cash lease expense | 914 | 605 |
| Deferred income taxes | -2,980 | -2,038 |
| Warrant expense | 2,350 | 1,558 |
| Accrued investment income | 1,373 | 2,224 |
| Premium balances receivable | 2,432 | 25,177 |
| Reinsurance recoverable | 105,805 | 64,351 |
| Prepaid reinsurance premiums | 31,993 | 18,880 |
| Deferred policy acquisition costs | 5,845 | 4,553 |
| Income taxes receivable | 2,759 | 1,291 |
| Other assets | 989 | 2,749 |
| Reserve for losses and loss expenses | 278,312 | 193,860 |
| Unearned premium | 89,258 | 55,528 |
| Reinsurance balances payable | 16,023 | 10,757 |
| Accrued expenses | -3,626 | -7,529 |
| Income taxes payable | -1,435 | -1,434 |
| Other liabilities | 1,143 | -679 |
| Net cash provided by operating activities | 271,438 | 156,702 |
| Fixed maturity securities | 530,056 | 374,613 |
| Short-term investments | 0 | 0 |
| Fixed maturity securities | 281,393 | 154,911 |
| Short-term investments | 10,000 | 10,000 |
| Purchase of property and equipment, net | 4,057 | 2,795 |
| Net cash used in investing activities | -242,720 | -212,497 |
| Capital contribution from parent | 0 | 0 |
| Proceeds from initial public offering, net | 0 | 0 |
| Net cash provided by financing activities | 0 | 0 |
| Net change in cash, cash equivalents and restricted cash | 28,718 | -55,795 |
| Cash and cash equivalents at beginning of period | 222,058 | - |
| Cash and cash equivalents at end of period | 250,776 | - |
Bowhead Specialty Holdings Inc. (BOW)
Bowhead Specialty Holdings Inc. (BOW)