bow: the income statement

MyFinsight

Bowhead Specialty Holdings Inc. (BOW)

For the quarter ending 2025-06-30, BOW made $136,451K in revenue. $15,530K in net income. Net profit margin of 11.38%.

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

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Gross investment income	-	12,819 [1]	-	-
Investment expenses	-	-260 [1]	-	-
Asset backed securities	-	1,484 [2]	-	-
Cash and cash equivalents	-	1,704 [2]	-	-
Commercial mortgage backed securities	-	1,180 [2]	-	-
Corporate debt securities	-	3,253 [2]	-	-
Residential mortgage backed securities	-	2,539 [2]	-	-
Short term investments	-	128 [2]	-	-
Usstates and political subdivisions	-	687 [2]	-	-
Ustreasury and government	-	1,844 [2]	-	-
Gross investment income	-	12,819 [2]	-	-
Investment expenses	-	-260 [2]	-	-
Gross investment income	-	-	11,713	8,957
Investment expenses	-	-	222	180
Total revenues	133,263	122,716	116,761	98,898
Non-operating expenses	437	110	487	1,481
Operating expenses	25,849	23,937	22,386	22,855
Net losses and loss adjustment expenses	78,900	73,427	67,824	59,018
Credit facility interest expenses and fees	261	247	252	224
Foreign exchange losses (gains)	-79	46	-37	4
Warrant expense	783	775	792	332
Net acquisition costs	11,038	9,796	9,163	7,582
Total expenses	117,347	108,246	100,941	91,488
Income before income taxes	15,916	14,470	15,820	7,410
Income tax expense	3,574	3,045	3,728	1,877
Net income	12,342	11,425	12,092	5,533
Change in unrealized loss on investments (net of income tax (expense) benefit of (847), 6, (2,819), 249, respectively	3,188	7,418	11,016	-21
Total comprehensive income	15,530	18,843	23,108	5,512

Basic (in dollars per share)	0.38	0.35	0.37	0.2
Basic (in shares)	32,721,629	32,662,683	32,658,823	27,648,869
Diluted (in dollars per share)	0.36	0.34	0.36	0.2
Diluted (in shares)	34,045,961	33,711,924	33,263,958	27,771,108

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