Skyward Specialty Insurance Group, Inc. (SKWD)
NASDAQ:SKWD
Want to see SKWD full AI Analyst Report?
Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.2Last Year’s EPS
0.89Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive tone driven by strong quarter-over-quarter and year-over-year financial performance: 39% EPS growth, 20%+ operating ROE, double-digit premium growth on a pro forma basis, expanding fee-generating premiums (up 49%), and solid underwriting results (combined ratio 89.5, 87.7 ex-cat). Management reiterated 2026 guidance and highlighted strategic initiatives (Uber autonomy, life sciences product, Syndicate 1972) that should support future growth. Headwinds discussed include an aggressive/softening property market, reinsurance price deterioration on certain covers, a meaningful but contained decline in the captives & risk specialty segment, and some volatility in alternative investments. Overall the positives (strong profitability, capital strength, premium and fee growth, disciplined underwriting) outweigh the identified challenges, supporting a constructive outlook.Company Guidance
Earnings Per Share and Profitability
Diluted operating EPS improved to $1.25 from $0.90 year-over-year, a 39% increase. Net income was $50 million and operating income was $57 million. Annualized operating return on equity was 20.3%, indicating strong profitability.
Book Value and Equity Strength
Book value per share was $27.50, up 10% sequentially and up 31% over the prior twelve months. Stockholders' equity ended the quarter at $1.2 billion, with financial leverage around 28% following the Apollo acquisition.
Premium Growth and Managed Premiums
Gross written premiums were $668 million, up ~10% on a pro forma basis. Managed premiums totaled $968 million, up ~20% pro forma, reflecting the combined company scale and fee-generating business growth.
Fee-Generating Business Expansion
Fee-generating premiums reached $300 million, a 49% increase year-over-year. The company recognized $10 million of underwriting fee income in the quarter and reiterated $30–$35 million annual fee income guidance.
Underwriting Performance and Combined Ratio
Underwriting income totaled $52 million. Consolidated combined ratio was 89.5 (including 1.8 points of catastrophe), and ex-cat combined ratio was 87.7, indicating disciplined underwriting and expense control.
Segment-Level Underwriting Strength
Skyward Specialty combined ratio was 88.9 (86.8 ex-cat) with a loss ratio of 62.7 (2.1 points cat) and an expense ratio of 26.2 (improving >0.5 percentage points year-over-year). Apollo produced a combined ratio of 85.3 with a non-cat loss ratio of 52.8.
Investment Portfolio and Yield
Investment portfolio approximated $2.7 billion, 90% fixed income/short-term. Net investment income was $27 million, up $7.5 million year-over-year. The embedded yield on the portfolio was ~5.3%; $75 million was deployed at 5.5% during the quarter.
New Strategic Initiatives and Product Launches
Launched multiple growth initiatives including a proprietary insurance partnership for Uber's autonomous vehicle program, a life sciences product using Lloyd's paper, the 1/1 launch of Syndicate 1972, and expansion of Syndicate 1971 (iBot). These initiatives enhance fee-earning and diversification prospects.
Skyward Specialty Insurance Group, Inc. (SKWD) Earnings, Revenues Date & History
SKWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SKWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $43.84 | $45.51 | +3.81% |
Feb 23, 2026 | $47.16 | $45.07 | -4.43% |
Oct 29, 2025 | $45.01 | $45.64 | +1.40% |
Jul 30, 2025 | $49.44 | $50.58 | +2.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Skyward Specialty Insurance Group, Inc. (SKWD) report earnings?
Skyward Specialty Insurance Group, Inc. (SKWD) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Skyward Specialty Insurance Group, Inc. (SKWD) earnings time?
Skyward Specialty Insurance Group, Inc. (SKWD) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKWD EPS forecast?
SKWD EPS forecast for the fiscal quarter 2026 (Q2) is 1.2.