Bowhead Specialty Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
BOW$34.32+0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ($ in thousands, except share data) | ||
| Assets | ||
| Investments | ||
| Fixed maturity securities, available for sale, at fair value (amortized cost of $894,145 and $569,013, respectively) | $879,989 | $554,624 |
| Short-term investments, at amortized cost, which approximates fair value | 9,997 | 8,824 |
| Total investments | 889,986 | 563,448 |
| Cash and cash equivalents | 97,476 | 118,070 |
| Restricted cash and cash equivalents | 124,582 | 1,698 |
| Accrued investment income | 7,520 | 4,660 |
| Premium balances receivable | 63,672 | 38,817 |
| Reinsurance recoverable | 255,072 | 139,389 |
| Prepaid reinsurance premiums | 152,567 | 116,732 |
| Deferred policy acquisition costs | 27,625 | 19,407 |
| Property and equipment, net | 6,845 | 7,601 |
| Income taxes receivable | 586 | 1,107 |
| Deferred tax assets, net | 20,340 | 14,229 |
| Other assets | 7,971 | 2,701 |
| Total assets | $1,654,242 | $1,027,859 |
| Liabilities | ||
| Reserve for losses and loss adjustment expenses | $756,859 | $431,186 |
| Unearned premiums | 446,850 | 344,704 |
| Reinsurance balances payable | 51,856 | 40,440 |
| Income taxes payable | 1,571 | 42 |
| Accrued expenses | 18,010 | 14,900 |
| Other liabilities | 8,654 | 4,510 |
| Total liabilities | 1,283,800 | 835,782 |
| Commitments and contingencies (Note 14) | ||
| Mezzanine equity | ||
| Performance stock units | 265 | — |
| Stockholders' equity | ||
| Common stock | 327 | 240 |
| ($0.01 par value; 400,000,000 shares authorized, 32,662,683 and 24,000,000 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively) | ||
| Additional paid-in capital | 318,095 | 178,543 |
| Accumulated other comprehensive loss | (11,154) | (11,372) |
| Retained earnings | 62,909 | 24,666 |
| Total stockholders' equity | 370,177 | 192,077 |
| Total mezzanine equity and stockholders' equity | 370,442 | 192,077 |
| Total liabilities, mezzanine equity and stockholders' equity | $1,654,242 | $1,027,859 |
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