The earnings call reflected a strong overall performance with record-breaking operating income and significant growth in key segments like agriculture and credit. The company demonstrated effective cost management and strategic use of technology. However, challenges in the alternative investment portfolio and competitive pressures in the property market posed concerns. Despite these lowlights, the highlights significantly outweighed the negatives, showcasing the company's robust strategy and adaptability.

Company Guidance -

Q3 2025

During the second quarter 2025 earnings call for Skyward Specialty, the company reported an adjusted operating income of $37.1 million, or $0.89 per diluted share, with the net income reaching $38.8 million, or $0.93 per diluted share. The quarter saw gross written premiums grow by 18%, driven by substantial contributions from agriculture, credit, accident and health (A&H), captives, and specialty programs. The combined ratio improved to a company-best 89.4%, including 1.4 points of catastrophe losses primarily from storms in the South and Midwest. The non-catastrophe loss ratio of 59.9% marked a 0.7 percentage point improvement compared to 2024. The company maintained a robust reserve position, with incurred but not reported (IBNR) reserves accounting for over 70% of the net reserves. The expense ratio improved by 0.9 points year-over-year to 28.1%, aligning with expectations. Despite a reduction in investment income to $18.6 million due to alternative asset portfolio performance, excluding alternatives, net investment income increased by 23.5% from the previous year, driven by a higher portfolio yield and a 30% increase in income from the fixed income portfolio. The company's financial leverage was modest, with a debt-to-capital ratio just shy of 12%, providing ample debt financing flexibility.

Record Adjusted Operating Income

Skyward reported adjusted operating income of $37.1 million or $0.89 per diluted share, driven by $31.2 million of pretax underwriting income, marking the best in company history.

Significant Growth in Premiums

Gross written premiums grew 18% for the quarter, with notable growth in agriculture, credit, accident and health, captives, and specialty programs.

Company Best Combined Ratio

The company achieved a combined ratio of 89.4%, the best in its history, which included 1.4 points of catastrophic losses.

Improved Expense Ratio

The expense ratio improved to 28.1%, a 0.9-point improvement over the prior year quarter, aligning with expectations of sub 30s.

Strong Investment Income Excluding Alternatives

Excluding alternative investments, net investment income increased by 23.5% over the prior year due to a 30% increase in income from the fixed income portfolio.

Strategic Use of Technology

The company is leveraging AI and advanced technology through its SkyVantage platform, enhancing underwriting and claims processing capabilities.

Skyward Specialty Insurance Group, Inc. (SKWD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SKWD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.84 / -	0.71	―	―	―
Jul 30, 2025	2025 (Q2)	0.86 / 0.89	0.8	11.25% (+0.09)	―
May 01, 2025	2025 (Q1)	0.77 / 0.90	0.75	20.00% (+0.15)	―
Feb 25, 2025	2024 (Q4)	0.78 / 0.80	0.61	31.15% (+0.19)	―
Oct 29, 2024	2024 (Q3)	0.65 / 0.71	0.65	9.23% (+0.06)	―
Aug 05, 2024	2024 (Q2)	0.65 / 0.80	0.42	90.48% (+0.38)	―
May 01, 2024	2024 (Q1)	0.64 / 0.75	0.42	78.57% (+0.33)	―
Feb 20, 2024	2023 (Q4)	0.57 / 0.61	0.36	69.44% (+0.25)	―
Nov 06, 2023	2023 (Q3)	0.36 / 0.65	0.205	217.07% (+0.45)	―
Aug 08, 2023	2023 (Q2)	0.39 / 0.42	0.04	950.00% (+0.38)	―

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
Jul 30, 2025	$49.44	$50.58	+2.31%
May 01, 2025	$53.57	$58.63	+9.45%
Feb 25, 2025	$51.42	$51.01	-0.80%
Oct 29, 2024	$44.75	$44.46	-0.65%

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 Nov 10, 2025, After Close (Confirmed).

What is Skyward Specialty Insurance Group, Inc. (SKWD) earnings time?

Skyward Specialty Insurance Group, Inc. (SKWD) earnings time is at Nov 10, 2025, 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 2025 (Q3) is 0.85.

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