BOW: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

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	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

BOW: the cashflow