Dean's questions to Skyward Specialty Insurance Group Inc (SKWD) leadership • Q4 2024
Question
Dean, on behalf of Meyer Shields at KBW, questioned the impact of the business mix shift on the expense ratio and inquired about plans to launch new business units in 2025 or 2026.
Answer
CEO Andrew Robinson explained that the mix shift will likely increase the acquisition cost ratio but this will be offset by scale benefits in other underwriting expenses, keeping the total expense ratio below 30%. He noted that several units were launched in the past year and that future launches depend on successfully attracting specific talent.