Bowhead Specialty Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
BOW$34.22+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ($ in thousands, except share data) | ||
| Assets | ||
| Investments | ||
| Fixed maturity securities, available for sale, at fair value (amortized cost of $1,364,228 and $894,145, respectively) | $1,371,006 | $879,989 |
| Short-term investments, at amortized cost, which approximates fair value | — | 9,997 |
| Total investments | 1,371,006 | 889,986 |
| Cash and cash equivalents | 193,545 | 97,476 |
| Restricted cash and cash equivalents | 40,225 | 124,582 |
| Accrued investment income | 10,958 | 7,520 |
| Premium balances receivable | 84,415 | 63,672 |
| Reinsurance recoverable, net | 399,676 | 255,072 |
| Prepaid reinsurance premiums | 191,821 | 152,567 |
| Deferred policy acquisition costs | 35,284 | 27,625 |
| Property and equipment, net | 10,636 | 6,845 |
| Income taxes receivable | 3,073 | 586 |
| Deferred tax assets, net | 22,476 | 20,340 |
| Other assets | 8,261 | 7,971 |
| Total assets | $2,371,376 | $1,654,242 |
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $1,129,936 | $756,859 |
| Unearned premiums | 552,594 | 446,850 |
| Reinsurance balances payable | 65,778 | 51,856 |
| Debt | 146,447 | — |
| Income taxes payable | 314 | 1,571 |
| Accrued expenses | 19,047 | 18,010 |
| Other liabilities | 7,986 | 8,654 |
| Total liabilities | 1,922,102 | 1,283,800 |
| Commitments and contingencies (Note 14) | ||
| Mezzanine equity | ||
| Performance stock units | 1,008 | 265 |
| Stockholders' equity | ||
| Common stock | 328 | 327 |
| ($0.01 par value; 400,000,000 shares authorized, 32,783,451 and 32,662,683 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively) | ||
| Additional paid-in capital | 325,889 | 318,095 |
| Accumulated other comprehensive income (loss) | 5,354 | (11,154) |
| Retained earnings | 116,695 | 62,909 |
| Total stockholders' equity | 448,266 | 370,177 |
| Total mezzanine equity and stockholders' equity | 449,274 | 370,442 |
| Total liabilities, mezzanine equity and stockholders' equity | $2,371,376 | $1,654,242 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.