Bowhead Specialty Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 5, 2024.
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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.
Sep 30, 2024 · Filed Nov 5, 2024
BOW$34.32+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| September 30,2024 | December 31, 2023 | |
|---|---|---|
| ($ in thousands, except share data) | ||
| Assets | ||
| Investments | ||
| Fixed maturity securities, available for sale, at fair value (amortized cost of $892,953 and $569,013, respectively) | $891,252 | $554,624 |
| Short-term investments, at amortized cost, which approximates fair value | 10,002 | 8,824 |
| Total investments | 901,254 | 563,448 |
| Cash and cash equivalents | 132,893 | 118,070 |
| Restricted cash and cash equivalents | 28,822 | 1,698 |
| Accrued investment income | 7,118 | 4,660 |
| Premium balances receivable | 46,706 | 38,817 |
| Reinsurance recoverable | 225,011 | 139,389 |
| Prepaid reinsurance premiums | 146,133 | 116,732 |
| Deferred policy acquisition costs | 26,463 | 19,407 |
| Property and equipment, net | 7,438 | 7,601 |
| Income taxes receivable | 325 | 1,107 |
| Deferred tax assets, net | 16,277 | 14,229 |
| Other assets | 9,222 | 2,701 |
| Total assets | $1,547,662 | $1,027,859 |
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $679,568 | $431,186 |
| Unearned premiums | 427,096 | 344,704 |
| Reinsurance balances payable | 54,162 | 40,440 |
| Income taxes payable | 29 | 42 |
| Accrued expenses | 14,696 | 14,900 |
| Other liabilities | 7,285 | 4,510 |
| Total liabilities | 1,182,836 | 835,782 |
| Commitments and contingencies (Note 13) | ||
| Mezzanine equity | ||
| Performance stock units | 155 | — |
| Stockholders' equity | ||
| Common stock | 327 | 240 |
| ($0.01 par value; 400,000,000 shares authorized, 32,658,823 and 24,000,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively) | ||
| Additional paid-in capital | 316,334 | 178,543 |
| Accumulated other comprehensive loss | (1,293) | (11,372) |
| Retained earnings | 49,303 | 24,666 |
| Total stockholders' equity | 364,671 | 192,077 |
| Total mezzanine equity and stockholders' equity | 364,826 | 192,077 |
| Total liabilities, mezzanine equity and stockholders' equity | $1,547,662 | $1,027,859 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.