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Skyward Specialty Insurance Group, Inc. (SKWD)
NASDAQ:SKWD
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.15Last Year’s EPS
0.9Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial performance with multiple record metrics (notably adjusted operating income, underwriting income, robust premium growth, improving combined ratio, conservative reserving, and accretive strategic M&A). Challenges were largely manageable: some alternative asset underperformance, pockets of adverse development in commercial auto, heightened near-term leverage from the Apollo transaction, and competitive pressure in property and certain specialty lines. Overall, the positive financial results, disciplined reserving, portfolio diversification and strategic upside from Apollo and the Uber AV partnership materially outweigh the identified challenges.Company Guidance
Record Operating and Underwriting Income
Fourth quarter adjusted operating income increased 47% to $49.0M ($1.17 per diluted share) and underwriting income reached an all-time high of $41M; fourth consecutive quarter of record results for these metrics.
Strong Premium Growth
Gross written premiums grew 13% in the quarter and 24% for the full year; net written premiums grew 25% for the year, driven by A&H, Surety and Specialty Programs.
Outstanding Returns and Book Value Expansion
Reported ROE of 18.9% and return on tangible equity of 20.9% for the year; fully diluted book value per share rose to $23.87 (up 5% vs Q3 and up 26% year-over-year), with post-Apollo BVPS expected to be $26.00–$26.10.
Improved Underwriting Metrics
Fourth quarter combined ratio improved 7.3 points year-over-year to 88.5%; loss ratio was 59.6%, including $7.5M (2.1 points) of favorable prior-year development across primarily surety and property.
Conservative & Strengthened Reserve Position
Ended the year with 74% of reserves in IBNR (highest level in company history) and a pay-to-incurred of 65% (consistent with 2024), reflecting conservative reserving and shortened liability duration.
Investment Portfolio Momentum
Net investment income increased by $3M in Q4 vs prior-year quarter; deployed $52M at a 5.6% yield in Q4 with an embedded yield of 5.3% (up from 5.1% a year ago); $44M of alternative capital returned and reinvested into fixed income.
Balanced Portfolio & Targeted Growth Areas
More than 20% growth in Surety, A&H and Specialty Programs; portfolio diversification with 58% in short-tail lines and 48% in lines less exposed to P&C cycles; largest division is only 16% of premium.
Strategic M&A and Market Partnerships
Completed acquisition of Apollo (expected accretive), with Apollo growth ~20% and combined ratio ~89% in 2025; Apollo named sole carrier partner to Uber for an embedded autonomous vehicle insurance product (AVIP), reinforcing differentiated capabilities and growth runway.
Capital & Capital Deployment Flexibility
Finished Q4 with modest financial leverage (under 11% debt-to-capital) and reiterated intent to opportunistically repurchase shares; operational capital base supports 2026 plan.
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 |
|---|---|---|---|
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% |
May 01, 2025 | $53.57 | $58.63 | +9.45% |
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 Apr 30, 2026, After Close (Confirmed).
What is Skyward Specialty Insurance Group, Inc. (SKWD) earnings time?
Skyward Specialty Insurance Group, Inc. (SKWD) earnings time is at Apr 30, 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 (Q1) is 1.15.