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Skyward Specialty Insurance Group, Inc. (SKWD)
NASDAQ:SKWD
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.86Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: 17.94%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
Skyward Specialty Insurance Group, Inc. reported a strong first quarter with record net income and operating income, driven by significant growth in specific divisions and improved investment income. While the company faced challenges such as cat losses and declines in global property premiums, the strategic growth and successful reinsurance renewals demonstrate solid management and positioning in the market.Company Guidance
During the Skyward Specialty Insurance Group's first-quarter 2025 earnings call, the company reported a record net income of $42 million and an adjusted operating income of $37.3 million, with $28.5 million in underwriting income. The adjusted operating income was $0.90 per diluted share. Gross written premiums grew by 17%, while net written premiums increased by 20%, with a net retention rate of 64.1%. The combined ratio for the quarter was 90.5%, including 2.2 points of cat losses. The non-cat loss ratio improved to 60.2%, and the expense ratio was 28.1%. Net investment income rose to $19.3 million. The effective tax rate was 18.2%, and the company maintained a low 12% debt-to-capital ratio. The management highlighted strong growth in the Agriculture, Accident and Health, Transactional E&S, Surety, and Specialty Programs divisions, attributing it to the company's diversified portfolio and strategic execution. The company expects continued growth, targeting a mid-teens percentage for the full year.Record Net Income and Operating Income
Skyward Specialty Insurance Group, Inc. reported net income of $42 million and adjusted operating income of $37.3 million, marking the best performance in the company's history.
Strong Growth in Premiums
Gross written premiums grew by 17%, and net written premiums increased by 20% for the quarter, driven by Agriculture, Accident and Health, Specialty Programs, Transactional E and S, and Surety.
Improved Combined Ratio
The first quarter combined ratio was 90.5%, including 2.2 points of cat losses, a notable improvement driven by a 0.4 point better non-cat loss ratio compared to 2024.
Investment Income Increase
Net investment income rose to $19.3 million in the quarter, up from $18.3 million a year ago, with an embedded yield increase to 5.2% from 4.7%.
Successful Reinsurance Renewals
Property reinsurance programs, including cat programs, renewed orderly with better protection at lower costs and better terms.
Strategic Growth in Agriculture and Health Divisions
The Global Agriculture unit and Accident Health Division contributed significantly to growth, with innovative approaches and strategic positioning in high-return areas less exposed to P&C cycles.
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 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% |
Aug 05, 2024 | $38.59 | $37.88 | -1.84% |
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 12, 2025, TBA Not Confirmed.
What is Skyward Specialty Insurance Group, Inc. (SKWD) earnings time?
Skyward Specialty Insurance Group, Inc. (SKWD) earnings time is at Aug 12, 2025, TBA Not 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 (Q2) is 0.86.