Bowhead Specialty Holdings Inc. balance sheet BOW

As of Sep 30, 2026, Bowhead Specialty Holdings Inc. had total assets of $2.9 billion and total liabilities of $2.4 billion. Total assets were up 36.6% from a year earlier. Stockholders' equity was $451.1 million. It held $232.2 million in cash and investments against $146.7 million of total debt, net cash of $85.5 million.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line
FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Assets
Cash
232
+17.4%
194
+98.6%
97
Cash and investments
232
+17.4%
194
+98.6%
97
Property and equipment, net
12
+28.3%
11
+55.4%
7
Total assets
2,862
+36.6%
2,371
+43.4%
1,654
Liabilities and equity
Total liabilities
2,409
+44.8%
1,922
+49.7%
1,284
Stockholders' equity
451
+4.9%
448
+21.1%
370
Debt
Long-term debt
147
146
—
Lease liabilities
—
3
-30.6%
4
Total debt
147
149
+3375.1%
4
Net cash
85
44
-52.7%
93
Ratios
Debt to equity
0.33x
0.33x
0.01x
Return on equity
13.29%
12.00%
10.33%
Return on assets
2.09%
2.27%
2.31%
Book value per share
13.69
13.67
11.33
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry
Fire, Marine & Casualty Insurance (SIC 6331)
Listed as
BOW (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
New York, NY
SEC filer status
Accelerated filer, Emerging growth company
SEC CIK
2002473
Former names
Bowhead Holdings Inc. (until Feb 5, 2024)

Other Fire, Marine & Casualty Insurance companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.