Skyward Specialty Insurance Group Inc

Skyward Specialty Insurance Group, Inc. is a holding company, which engages in the provision of commercial property and casualty products and solutions on a non-admitted and admitted basis. It specializes in the healthcare professional liability, industry solutions, management and professional liability, medical stop-loss, programs and captive solutions, specialty property and liability, and surety. The company was founded by Stephen Lyndon Way on January 3, 2006 and is headquartered in Houston, TX.

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

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Earnings data Q2 2024

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Earnings data Q4 2024

Skyward Specialty Insurance Group reports strong Q1 performance and growth opportunities

Skyward Specialty Insurance Group Inc's Q1 2023 earnings call highlighted strong financial performance, growth in key divisions, and a cautious approach towards exposure and pricing. The company is focused on attracting talent and pursuing quality growth opportunities while navigating challenges in social inflation and scaling.

Skyward Specialty excels in Q2 earnings, poised for market growth

Skyward Specialty Insurance Group Inc's Q2 performance was marked by strong underwriting results, premium growth, and increased investment income.
While challenges like decreased net retention and market concentration risks exist, the company's successful talent investments and pricing strategies present opportunities for growth.
Overall, Skyward Specialty's robust financial performance and strategic focus position it well for future market opportunities and sustained success.

Skyward Specialty Insurance Group excels in Q3 2023 earnings

Skyward Specialty Insurance Group delivered outstanding financial performance in Q3 2023, showcasing growth, improved ratios, and strategic balance sheet management. While challenges exist in expense ratios, the company's strengths in underwriting and risk management provide a solid foundation for growth.

Skyward Specialty posts robust Q4 earnings, eyes balanced growth

Skyward Specialty Insurance Group's Q4 2023 performance reflects strong financial results, driven by growth in premiums and improved underwriting efficiency.
The company's strategic strengths lie in its niche focus, record growth, and agile resource allocation, positioning it for continued success.
While challenges such as reinsurance seating levels and optimizing business mix exist, opportunities for growth and profitability in 2024 are promising.

Skyward Specialty reports strong Q1 results amidst market challenges

Skyward Specialty Insurance Group Inc delivered a robust Q1 performance with strong underwriting results and premium growth across divisions.
While facing challenges in commercial auto rates and tightening market conditions, the company is strategically positioned to capitalize on growth opportunities.
By emphasizing risk management, employee engagement, and strategic growth initiatives, Skyward Specialty is poised for continued success in the specialty insurance market.

Skyward Specialty reports strong Q3 earnings, eyes growth opportunities

Skyward Specialty Insurance Group Inc (SKWD) delivered a robust performance in Q3 2024, marked by increased operating income and net income. The company's disciplined underwriting approach, investment strategies, and employee-centric culture are key strengths. While facing challenges in certain market segments, Skyward Specialty is well-positioned to capitalize on growth opportunities and drive continued success.

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Skyward Specialty Insurance Group, Inc. (SKWD) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Skyward (SKWD) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Skyward (SKWD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

HOUSTON, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported fourth quarter 2023 net income of $29.3 million, or $0.74 per diluted share, compared to $20.4 million, or $0.63 per diluted share, for the same 2022 period. Net income for the year ended 2023 was $86.0 million, or $2.24 per diluted share, compared to $39.4 million, or $1.21 per diluted share, for the same 2022 period.

Skyward Specialty Insurance Group Reports Fourth Quarter 2023 Results

HOUSTON, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its fourth-quarter 2023 earnings results after the market closes on Tuesday, February 20, which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty to Host Fourth-Quarter 2023 Earnings Call Wednesday, February 21, 2024

HOUSTON, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced the expansion of its Professional Lines division into the media liability market focusing on multimedia, film and ad agencies.

Skyward Specialty Enters Media Liability With Addition of New Team

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SEATTLE--(BUSINESS WIRE)--Skyward Specialty chooses Milliman Datalytics-Defense for its AI-enabled legal spend insights.

Skyward Specialty chooses Milliman Datalytics-Defense for its AI-enabled legal spend insights

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HOUSTON, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty (“P&C") market, is pleased to announce the addition of Mike Morrissey, CFA to its Board of Directors effective December 14, 2023.

Skyward Specialty Adds Mike Morrissey to Its Board of Directors

HOUSTON, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced a series of changes to its Board of Directors (the “Board”) effective Thursday, November 30, 2023.

Skyward Specialty Announces Leadership Changes To Its Board Of Directors

TORONTO--(BUSINESS WIRE)--Westaim announces closing of Skyward Specialty's upsized follow-on offering.

Westaim Announces Closing of Skyward Specialty's Upsized Follow-On Offering

TORONTO--(BUSINESS WIRE)--Westaim announces pricing of Skyward Specialty's upsized follow-on offering.

Westaim Announces Pricing of Skyward Specialty's Upsized Follow-On Offering

HOUSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company") a leader in the specialty property and casualty (“P&C”) market, today announced the pricing of its upsized follow-on offering of 5,000,000 shares of its common stock, with 2,150,000 shares being offered by Skyward Specialty and an upsized 2,850,000 shares being sold by Skyward Specialty's existing stockholder, The Westaim Corporation (“Westaim”) at $30.50 per share. Westaim also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares. The offering is expected to close on November 20, 2023 subject to customary closing conditions.

Skyward Specialty Announces Pricing of Its Upsized Follow-On Offering of Its Common Stock

TORONTO--(BUSINESS WIRE)--Westaim announces participation in Skyward Specialty follow-on offering.

Westaim Announces Participation in Skyward Specialty Follow-On Offering

HOUSTON, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or the “Company") a leader in the specialty property and casualty (“P&C”) market, today announced the Company has commenced a follow-on offering of 2,150,000 shares of its common stock. Additionally, Skyward Specialty's existing stockholder, The Westaim Corporation (“Westaim”), is offering 2,350,000 shares. Westaim also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares.

Skyward Specialty Announces Follow-On Offering of its Common Stock

HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported third quarter 2023 net income of $21.7 million, or $0.57 per diluted share, compared to a net loss of $2.4 million, or $0.15 per diluted share, for the same 2022 period. Net income for the first nine months of 2023 was $56.7 million, or $1.50 per diluted share, compared to $19.0 million, or $0.58 per diluted share for the same 2022 period.

Skyward Specialty Insurance Group Reports Third Quarter 2023 Results

HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced additional expansion in its surety division, marked by the strategic recruitment of the industry's top Surety talent.

Skyward Specialty Adds Seven in Strategic Move to Reach New Surety Markets

Skyward Specialty Insurance Group, Inc. provides various specialty property & casualty insurance services in the U.S. The company is experiencing strong growth and profitability in a favorable business environment. My outlook on Skyward Specialty Insurance Group is a Buy at around $27.00 per share.

Skyward Specialty Sees Favorable Market Environment As All Segments Shine

HOUSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance GroupTM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its third quarter 2023 earnings results after the market closes on Monday, November 6, which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty to Host Third Quarter 2023 Earnings Call Tuesday, November 7, 2023

HOUSTON and PEABODY, Mass., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty") a leader in the specialty property and casualty (P&C) market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, announced the expansion of their captives partnership. Skyward Specialty will provide strategic support and additional capacity for eMaxx's innovative variable Alternative Energy Warranty Products captive solutions.

Skyward Specialty and eMaxx Power Up Alternative Energy Warranty Products with an Expanded Captives Partnership

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HOUSTON, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, announced it is expanding its coverages in the healthcare sector adding a new solution catering to the distinct needs of E&S individual providers, including physicians.

Skyward Specialty Expands Healthcare Appetite with Rebrand and Adds Individual Provider Coverage

HOUSTON, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") a leader in the specialty property and casualty (P&C) market, today announced it has been named one of the Best Places to Work in Insurance for 2023, as determined by Business Insurance and Best Companies Group. Best Companies Group recognizes employers who demonstrate, as determined through various evaluations, including employee engagement survey results, the highest employee engagement and satisfaction, as well as a commitment to attracting, developing and retaining great talent through employee benefits and other programs their workers value.

Skyward Specialty Recognized as One of the “Best Places to Work in Insurance” for 2023

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