Earnings summaries and quarterly performance for Skyward Specialty Insurance Group.
Executive leadership at Skyward Specialty Insurance Group.
Andrew Robinson
Detailed
Chief Executive Officer
CEO
DB
Daniel Bodnar
Detailed
Chief Information and Technology Officer
JB
John Burkhart
Detailed
Executive Vice President and President, Specialty Lines & Industry Solutions
KH
Kirby Hill
Detailed
Executive Vice President and President, Captives, Programs, and Alternative Risk
LS
Leslie Shaunty
Detailed
General Counsel and Secretary
MH
Mark Haushill
Detailed
Chief Financial Officer and Executive Vice President
SK
Sandip Kapadia
Detailed
Executive Vice President, Chief Actuary and Analytics Officer
SD
Sean Duffy
Detailed
Executive Vice President and Chief Claims Officer
TS
Thomas Schmitt
Detailed
Chief People and Administrative Officer
SS
S. Shakoor Khan
Senior Vice President, Corporate Development & Strategy
Board of directors at Skyward Specialty Insurance Group.
Research analysts who have asked questions during Skyward Specialty Insurance Group earnings calls.
MH
Mark Hughes
Truist Securities
4 questions for SKWD
Also covers: AIZ, AJG, AMBC +41 more
AK
Andrew Kligerman
TD Cowen
3 questions for SKWD
Also covers: ABL, ACGL, AJG +21 more
CG
C. Gregory Peters
Raymond James
3 questions for SKWD
Also covers: ACIC, AFG, AJG +19 more
Matthew Carletti
Citizens JMP Securities
3 questions for SKWD
Also covers: AII, AMSF, BOW +11 more
Meyer Shields
Keefe, Bruyette & Woods
3 questions for SKWD
Also covers: ACGL, AFG, AIG +24 more
Alex Scott
Barclays PLC
2 questions for SKWD
Also covers: ACGL, AFL, AIG +29 more
Michael Phillips
Oppenheimer & Co. Inc.
2 questions for SKWD
Also covers: AII, CINF, HCI +8 more
Michael Zaremski
BMO Capital Markets
2 questions for SKWD
Also covers: ACGL, AFG, AIG +25 more
TS
Taylor Scott
BofA Securities
2 questions for SKWD
Also covers: ACGL, AFL, AJG +12 more
Andrew Andersen
Jefferies
1 question for SKWD
Also covers: ACGL, AFG, AHL +19 more
Charlie Rodgers
Jefferies
1 question for SKWD
Also covers: LMND, ROOT
Matt Carletti
Citizens JMP
1 question for SKWD
Also covers: AHL, BOW, EIG +4 more
PN
Paul Newsome
Piper Sandler Companies
1 question for SKWD
Also covers: AHL, AII, ARX +15 more
RM
Rowland Mayor
Oppenheimer & Co. Inc.
1 question for SKWD
Also covers: ARX, KNSL
YK
Yaron Kinar
Oppenheimer & Co. Inc.
1 question for SKWD
Also covers: ACGL, ALL, AXS +9 more
Recent press releases and 8-K filings for SKWD.
Skyward Specialty receives approvals for Apollo acquisition, provides 2026 guidance
SKWD
M&A
Guidance Update
- Skyward Specialty Insurance Group, Inc. has received regulatory and minority shareholder approvals for its acquisition of Apollo Group Holdings Limited, with the transaction anticipated to close early in the first quarter of 2026.
- For the 2026 fiscal year, the company provided pro forma guidance, including gross written premiums between $2.65 billion and $2.8 billion, a combined ratio between 90.5% and 91.5%, net income between $207 million and $216 million (or $4.50 to $4.70 per diluted share), and adjusted operating income between $221 million and $230 million (or $4.80 to $5.00 per diluted share).
Dec 3, 2025, 9:43 PM
Skyward Specialty Receives Approvals for Apollo Acquisition and Provides 2026 Guidance
SKWD
M&A
Guidance Update
- Skyward Specialty Insurance Group, Inc. has secured all required regulatory and minority shareholder approvals for its acquisition of Apollo Group Holdings Limited, with the transaction expected to close early in the first quarter of 2026.
- The company provided pro forma financial guidance for the 2026 fiscal year, including gross written premiums between $2.65 billion and $2.8 billion, a combined ratio of 90.5% to 91.5%, and net income between $207 million and $216 million.
- Skyward Specialty anticipates its fiscal year 2025 combined ratio to be between 89% and 91%.
Dec 3, 2025, 9:30 PM
Skyward Specialty Insurance Group, Inc. Secures New Revolving Credit Facility
SKWD
Debt Issuance
M&A
New Projects/Investments
- Skyward Specialty Insurance Group, Inc. (SKWD) entered into a new, unsecured Credit Agreement on November 13, 2025, establishing a revolving loan facility.
- The initial maximum principal amount of the revolver is $150.0 million, which will increase to $250.0 million upon the closing of the Apollo Group Holdings Limited acquisition. An uncommitted accordion feature allows for an additional increase of up to $50.0 million.
- The facility bears interest at Term SOFR plus 150-190 basis points or the base rate plus 50-90 basis points, and includes a fee of 0.20% to 0.35% on undrawn amounts. The availability period for the facility terminates on November 12, 2030.
- Key financial covenants include maintaining a minimum consolidated net worth of $676,900,000 (plus certain additions), a maximum debt to capitalization ratio of 0.35 to 1.00, a minimum A.M. Best rating of "A-" or higher, and minimum liquidity of $10,000,000.
- The proceeds from the facility will be used to refinance the existing credit agreement, finance working capital, fund permitted acquisitions, and for other general corporate purposes.
Nov 18, 2025, 6:43 PM
SKWD Reports Exceptional Q3 2025 Results and Progresses Apollo Acquisition
SKWD
Earnings
Revenue Acceleration/Inflection
M&A
- Skyward Specialty Insurance Group reported exceptional Q3 2025 results, including $44 million in operating income, $38 million in underwriting income, an 89.2% combined ratio, and 52% growth in gross written premiums. The company also achieved an annualized return on equity of 19.7%.
- Adjusted operating income was $44 million, or $1.05 per diluted share, and net income was $45.9 million, or $1.10 per diluted share. Net written premiums grew by 64%.
- Growth was significantly driven by the agriculture unit, alongside strong performance in A&H, captives, surety, and specialty programs, all of which grew by over 25%. The expense ratio improved by 0.5 points to 28.4%.
- The company is proceeding with the Apollo acquisition, anticipated to close in early Q1 2026, which is expected to increase leverage to approximately 28% post-close.
- Skyward monetized its equity portfolio, realizing $16.3 million in gains, and redeployed the proceeds into fixed income, achieving an embedded yield of 5.3% at September 30.
Oct 30, 2025, 4:00 PM
Skyward Specialty Insurance Group Reports Third Quarter 2025 Results
SKWD
Earnings
M&A
- Skyward Specialty Insurance Group, Inc. reported net income of $45.9 million, or $1.10 per diluted share, for the third quarter of 2025.
- Adjusted operating income for Q3 2025 was $44.0 million, or $1.05 per diluted share.
- Gross written premiums increased by 51.6% to $606.5 million in Q3 2025 compared to the same period in 2024, primarily driven by growth from the agriculture and credit (re)insurance division.
- The company achieved a combined ratio of 89.2% in Q3 2025 and an annualized return on equity of 19.3% for the nine months ended September 30, 2025.
- Book value per share was $23.75 as of September 30, 2025, representing a 20% increase compared to December 31, 2024.
Oct 29, 2025, 8:10 PM
Skyward Specialty to Acquire Apollo Group Holdings Limited
SKWD
M&A
New Projects/Investments
- Skyward Specialty announced the acquisition of Apollo Group Holdings Limited for $555 million, to be funded by approximately two-thirds cash and one-third Skyward stock.
- The acquisition is valued at less than 9 times 2025 estimated EBITDA and is expected to deliver double-digit operating EPS accretion in the first full year post-closing.
- Apollo operates a capital-light, fee-based model, with 60% of its non-investment income derived from fees. The combined company is projected to generate almost a quarter of its non-investment income from fees.
- Apollo generated about $1.5 billion of managed premiums in the last 12 months through its two Lloyd's syndicates, 1969 and 1971, with IBOD (syndicate 1971) growing premium at a compound annual rate of over 40% over the last five years.
- The transaction is expected to close in the first quarter of 2026, subject to customary regulatory approvals.
Sep 3, 2025, 1:56 PM
Quarterly earnings call transcripts for Skyward Specialty Insurance Group.
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