Skyward Specialty Insurance reports Q2 EPS 89c, consensus 87c

Reports Q2 revenue $319.9M, consensus $324.4M. Reports Q2 book value per share $22.23. Skyward Specialty chairman and CEO Andrew Robinson commented, “Our results for the second quarter and for the first half of the year have been outstanding and reflect the strength of our specialized underwriting and claims capabilities, and our execution excellence. In an increasingly challenging market environment, our 18% growth for the second quarter and best ever 89.4% combined ratio are again a demonstration of the power of our portfolio diversity and our ability to deploy capital to attractive markets that enable us to grow underwriting profitability while managing our volatility. As market conditions continue to evolve, we are confident that the disciplined execution of our “Rule Our Niche” strategy will enable us to continue to deliver top quartile returns to our shareholders.”