Company research
Bowhead Specialty Holdings Inc.
CIK 2002473Updated Nov 14, 2026
SecurityBOW · NYSE · equity
Name history
Bowhead Holdings Inc. · through Feb 5, 2024
BOW price & chart
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Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
Items 5.02, 5.07
4 filing
SC 13E3/A - filed by Bowhead Specialty Holdings Inc. regarding Bowhead Specialty Holdings Inc.
DEFA14A filing
10-Q filing
Show 5 more recent filings
Results of Operations and Financial Condition
Items 2.02, 9.01
SC 13E3/A - filed by Bowhead Specialty Holdings Inc. regarding Bowhead Specialty Holdings Inc.
DEFM14A filing
SCHEDULE 13G - filed by GLAZER CAPITAL, LLC regarding Bowhead Specialty Holdings Inc.
SC 13E3/A - filed by Bowhead Specialty Holdings Inc. regarding Bowhead Specialty Holdings Inc.
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| AssetsUSD | 2,094,549,000Source | 1,547,662,000Source | 2,681,292,000Source | 1,942,151,000Source | 1,395,173,000Source | 2,479,293,000Source | 1,753,072,000Source | — | 2,371,376,000Source | 1,654,242,000Source | 1,027,859,000Source |
| Property, Plant and Equipment, NetUSD | 9,683,000Source | 7,438,000Source | 11,951,000Source | 8,883,000Source | 7,481,000Source | 11,307,000Source | 7,677,000Source | — | 10,636,000Source | 6,845,000Source | 7,601,000Source |
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 197,855,000Source | 132,893,000Source | 141,748,000Source | 114,816,000Source | 180,324,000Source | 97,185,000Source | 88,050,000Source | 73,485,000Source | 193,545,000Source | 97,476,000Source | 118,070,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | 3,800,000Source | — | — | 4,200,000Source | — | — | — | 2,800,000Source | 4,000,000Source | 500,000Source |
| LIABILITIES AND EQUITY | |||||||||||
| LiabilitiesUSD | 1,663,512,000Source | 1,182,836,000Source | 2,207,353,000Source | 1,534,339,000Source | 1,055,262,000Source | 2,020,133,000Source | 1,361,709,000Source | — | 1,922,102,000Source | 1,283,800,000Source | 835,782,000Source |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, IssuedUSD | 328,000Source | 327,000Source | 329,000Source | 328,000Source | 327,000Source | 328,000Source | 327,000Source | — | 328,000Source | 327,000Source | 240,000Source |
| Additional Paid in CapitalUSD | 323,306,000Source | 316,334,000Source | 330,017,000Source | 320,749,000Source | 314,636,000Source | 327,987,000Source | 320,029,000Source | — | 325,889,000Source | 318,095,000Source | 178,543,000Source |
| Retained Earnings (Accumulated Deficit)USD | 101,852,000Source | 49,303,000Source | 148,843,000Source | 86,676,000Source | 37,211,000Source | 132,705,000Source | 74,334,000Source | — | 116,695,000Source | 62,909,000Source | 24,666,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 4,743,000Source | -1,293,000Source | -6,828,000Source | -548,000Source | -12,309,000Source | -3,118,000Source | -3,736,000Source | — | 5,354,000Source | -11,154,000Source | -11,372,000Source |
| Stockholders' Equity Attributable to ParentUSD | 430,229,000Source | 364,671,000Source | 472,361,000Source | 407,205,000Source | 339,865,000Source | 457,902,000Source | 390,954,000Source | — | 448,266,000Source | 370,177,000Source | 192,077,000Source |
| Liabilities and EquityUSD | 2,094,549,000Source | 1,547,662,000Source | 2,681,292,000Source | 1,942,151,000Source | 1,395,173,000Source | 2,479,293,000Source | 1,753,072,000Source | — | 2,371,376,000Source | 1,654,242,000Source | 1,027,859,000Source |
| Additional Financial Items | |||||||||||
| Long-term DebtUSD | — | — | 146,573,000Source | — | — | 146,515,000Source | — | — | 146,447,000Source | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 617,000Source | 401,000Source | 1,779,000Source | 3,868,000Source | 2,268,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,362,000Source | 1,303,000Source | 7,235,000Source | 4,102,000Source | 683,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | -3,013,000Source | -990,000Source | -6,525,000Source | -6,168,000Source | -4,362,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 65,456,000Source | 47,722,000Source | 331,587,000Source | 294,287,000Source | 236,225,000Source |
| Cash flows from investing activities: | |||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -156,909,000Source | -146,329,000Source | -464,391,000Source | -325,883,000Source | -274,765,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 1,288,000Source | 1,233,000Source | 5,570,000Source | 3,112,000Source | 3,819,000Source |
| Cash flows from financing activities: | |||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -789,000Source | 0Source | 144,516,000Source | 133,886,000Source | 77,656,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -92,242,000Source | -98,607,000Source | 11,712,000Source | 102,290,000Source | 39,117,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 250,776,000Source | 161,715,000Source | 164,821,000Source | 166,263,000Source | 141,528,000Source | 123,451,000Source | 233,770,000Source | 222,058,000Source | 119,768,000Source |
| Supplemental disclosure of cash flow information: | |||||||||||
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 23,427,000Source | — | — |
| Additional Financial Items | |||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | 67,000Source | 0Source | 50,000Source | — | — |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 1,800,000Source | 3,700,000Source | 2,100,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 12,512,000Source | 9,163,000Source | 15,820,000Source | 11,038,000Source | 13,893,000Source | 9,796,000Source | 46,513,000Source | 32,397,000Source | 20,935,000Source |
| DepreciationUSD | — | — | — | — | — | — | — | — | 1,800,000Source | 3,900,000Source | 2,300,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -32,000Source | -37,000Source | 2,000Source | -79,000Source | -8,000Source | 46,000Source | -50,000Source | -68,000Source | 20,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -862,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | 3,930,000Source | 3,728,000Source | 4,523,000Source | 3,574,000Source | 4,561,000Source | 3,045,000Source | 13,513,000Source | 12,292,000Source | 7,068,000Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | — | — | 84,608,000Source | 67,824,000Source | 96,945,000Source | 78,900,000Source | 91,481,000Source | 73,427,000Source | 328,022,000Source | 248,099,000Source | 166,282,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 15,176,000Source | 12,092,000Source | 16,138,000Source | 12,342,000Source | 16,010,000Source | 11,425,000Source | 53,786,000Source | 38,243,000Source | 25,047,000Source |
| Operating ExpensesUSD | — | — | 25,837,000Source | 22,386,000Source | 26,384,000Source | 25,849,000Source | 25,804,000Source | 23,937,000Source | 102,264,000Source | 89,112,000Source | 63,456,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 400,000Source | — | — | — | — | 1,400,000Source | 1,200,000Source | 600,000Source |
| Proceeds from Contributions from ParentUSD | — | — | — | — | — | — | 0Source | 0Source | 0Source | 2,839,000Source | 77,656,000Source |
| Realized Investment Gains (Losses)USD | — | — | -15,000Source | -18,100Source | -11,200Source | -11,200Source | -20,900Source | -4,100Source | 42,900Source | -16,200Source | 0Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 143,932,000Source | 116,761,000Source | 163,857,000Source | 133,263,000Source | 155,694,000Source | 122,716,000Source | 551,589,000Source | 425,660,000Source | 283,398,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 19,106,000Source | 15,820,000Source | 20,661,000Source | 15,916,000Source | 20,571,000Source | 14,470,000Source | 67,299,000Source | 50,535,000Source | 32,115,000Source |
| Income Tax Expense (Benefit)USD | — | — | 3,930,000Source | 3,728,000Source | 4,523,000Source | 3,574,000Source | 4,561,000Source | 3,045,000Source | 13,513,000Source | 12,292,000Source | 7,068,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 15,176,000Source | 12,092,000Source | 16,138,000Source | 12,342,000Source | 16,010,000Source | 11,425,000Source | 53,786,000Source | 38,243,000Source | 25,047,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.46Source | 0.37Source | 0.49Source | 0.38Source | 0.49Source | 0.35Source | 1.64Source | 1.31Source | 1.04Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.45Source | 0.36Source | 0.48Source | 0.36Source | 0.48Source | 0.34Source | 1.59Source | 1.29Source | 1.04Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 32,782,300Source | 32,658,823Source | 32,887,461Source | 32,721,629Source | 32,807,104Source | 32,662,683Source | 32,737,932Source | 29,261,209Source | 24,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 33,650,923Source | 33,263,958Source | 33,557,875Source | 34,045,961Source | 33,283,727Source | 33,711,924Source | 33,735,944Source | 29,677,196Source | 24,000,000Source |
| Additional Financial Items | |||||||||||
| Benefits, Losses and ExpensesUSD | — | — | 124,826,000Source | 100,941,000Source | 143,196,000Source | 117,347,000Source | 135,123,000Source | 108,246,000Source | 484,290,000Source | 375,125,000Source | 251,283,000Source |
| Capitalized Computer Software, AmortizationUSD | — | — | — | — | — | — | — | — | 1,800,000Source | 3,700,000Source | 2,100,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 20,037,000Source | 18,461,000Source | 11,430,000Source |
| Deferred Policy Acquisition Costs, Amortization ExpenseUSD | — | — | 12,512,000Source | 9,163,000Source | 15,820,000Source | 11,038,000Source | 13,893,000Source | 9,796,000Source | 46,513,000Source | 32,397,000Source | 20,935,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -32,000Source | -37,000Source | 2,000Source | -79,000Source | -8,000Source | 46,000Source | -50,000Source | -68,000Source | 20,000Source |
| Interest Expense, DebtUSD | — | — | 262,000Source | 252,000Source | 3,266,000Source | 261,000Source | 3,162,000Source | 247,000Source | 2,012,000Source | 725,000Source | 0Source |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred ClaimsUSD | — | — | 84,608,000Source | 67,824,000Source | 96,945,000Source | 78,900,000Source | 91,481,000Source | 73,427,000Source | 328,022,000Source | 248,099,000Source | 166,282,000Source |
| Net Investment IncomeUSD | — | — | 15,038,000Source | 11,491,000Source | 18,820,000Source | 13,677,000Source | 18,027,000Source | 12,559,000Source | 57,827,000Source | 40,121,000Source | 19,371,000Source |
| Operating ExpensesUSD | — | — | 25,837,000Source | 22,386,000Source | 26,384,000Source | 25,849,000Source | 25,804,000Source | 23,937,000Source | 102,264,000Source | 89,112,000Source | 63,456,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 400,000Source | — | — | — | — | 1,400,000Source | 1,200,000Source | 600,000Source |
| Other IncomeUSD | — | — | 502,000Source | 108,000Source | 1,095,000Source | 460,000Source | 880,000Source | 345,000Source | 2,042,000Source | 444,000Source | 125,000Source |
| Realized Investment Gains (Losses)USD | — | — | -15,000Source | -18,100Source | -11,200Source | -11,200Source | -20,900Source | -4,100Source | 42,900Source | -16,200Source | 0Source |
Filing attachments
ny20080231x2_ex107.htm · SC 13E3 · 2026-08-31
Exhibit 107 CALCULATION OF FILING FEE TABLES Schedule 13E-3 (Form Type) Bowhead Specialty Holdings Inc. ( Exact Name of Registrant as Specified in its Charter ) Table 1 - Transaction Valuation Proposed Maximum Aggregate Fee Rate Amount of Filing Fee Value of Transaction ───────────────────────────────────────────────────────────────────────────────────────────────────────── Fees to be Paid …
Read attachment ↗ny20080231x1_ex107.htm · PREM14A · 2026-08-28
Exhibit 107 CALCULATION OF FILING FEE TABLES Schedule 14A (Form Type) Bowhead Specialty Holdings Inc. ( Exact Name of Registrant as Specified in its Charter ) Table 1 - Transaction Valuation Proposed Maximum Aggregate Value of Transaction Fee Rate Amount of Filing Fee ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Fees to Be Paid …
Read attachment ↗ef20059962_ex4-1.htm · 8-K · 2025-11-25
EX-4.1 3 ef20059962_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 BOWHEAD SPECIALTY HOLDINGS INC. Issuer INDENTURE Dated as of November 25, 2025 DEBT SECURITIES U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Trustee Reconciliation and tie between Trust Indenture Act of 1939 and Indenture* Trust Indenture Act Section Indenture Section § 310 (a) 11.04(a), 16.02 (b) 11.01(f), 11.04(b), 11.05(1), …
Read attachment ↗ef20059962_ex4-2.htm · 8-K · 2025-11-25
EX-4.2 4 ef20059962_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 FIRST SUPPLEMENTAL INDENTURE between Bowhead Specialty Holdings Inc., and U.S. Bank Trust Company, National Association, as Trustee Dated as of November 25, 2025 7.750% Senior Notes due 2030 (Supplement to the Indenture, dated as of November 25, 2025) This First Supplemental Indenture, dated as of November 25, 2025 (this “Supplemental Indenture”), is entered into by and between Bowhead Specialty Holdings Inc., a Delaware corporat…
Read attachment ↗