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

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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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OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Great Midwest Insurance Company (GMIC), Houston Specialty Insurance Company, Oklahoma Specialty Insurance Company and Imperium Insurance Company (IIC). All companies are members of Skyward Specialty Insurance Group (Skyward), whose ultimate parent is Skyward Specialty Insurance Group,.

AM Best Revises Outlooks to Positive for Members of Skyward Specialty Insurance Group

HOUSTON, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader and innovator in the specialty property and casualty market, is pleased to announce the addition of Gena Ashe to its Board of Directors as an independent director effective August 14, 2023.

Skyward Specialty Welcomes Gena Ashe to Board of Directors

HOUSTON, July 06, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its second quarter 2023 earnings results after the market closes on Tuesday, August 8, which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty To Host Second Quarter 2023 Earnings Call Wednesday, August 9, 2023

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HOUSTON, June 20, 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, has taken steps to further invest and expand its Captives division by naming captives expert Robert Nizzi as senior vice president to lead the division.

Skyward Specialty Selects Captives Expert Robert Nizzi To Lead Captives Division

HOUSTON, June 14, 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 a significant expansion of its contract and commercial surety capabilities with the addition of several experienced and highly-respected leaders and underwriting talent. In keeping with its continued commitment to building a best-in-class Surety division, the Company will broaden its Small Business Administration (SBA) Bonds Guarantee Program and judicial and fiduciary bond capabilities.

Skyward Specialty Expands Capabilities - Recruits Top Talent to Serve SBA Market, Provide Judicial & Fiduciary Bonds

TORONTO--(BUSINESS WIRE)--Westaim announces closing of secondary offering of Skyward Specialty's common stock.

Westaim Announces Closing of Secondary Offering of Skyward Specialty's Common Stock

HOUSTON, June 12, 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 closing of its underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share. The underwriters exercised in full their option to purchase an additional 577,500 shares from the selling stockholders, priced at $23.00 per share, less underwriting discounts and commissions.

Skyward Specialty Announces Closing of Secondary Offering of its Common Stock

TORONTO--(BUSINESS WIRE)--Westaim announces pricing of secondary offering of Skyward Specialty's common stock.

Westaim Announces Pricing of Secondary Offering of Skyward Specialty's Common Stock

HOUSTON, June 07, 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 underwritten offering of 3,850,000 of its common stock by The Westaim Corporation at the price of $23.00 per share. The Westaim Corporation along with certain other selling shareholders (collectively, the “Selling Stockholders”) also granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of Skyward Specialty's common stock.

Skyward Specialty Announces Pricing of Secondary Offering of Its Common Stock

TORONTO--(BUSINESS WIRE)--Westaim announces participation in secondary offering of Skyward Specialty's common stock.

Westaim Announces Participation in Secondary Offering of Skyward Specialty's Common Stock

The new partnership launches Cowbell Prime Tech, including Tech E&O coverage, and expands Cowbell's Prime 250 program for businesses with revenue of up to $500M PLEASANTON, Calif. and HOUSTON , May 31, 2023 /PRNewswire/ -- Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), and Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty"), a leader in the specialty property and casualty market, today announced a partnership agreement that expands Cowbell's coverage and capacity of its Prime 250 Cyber Liability and Prime Tech, a recently introduced insurance program that safeguards businesses generating revenue of up to $500 million against cyber and technology errors and omissions (E&O) risks.

COWBELL AND SKYWARD SPECIALTY ENTER STRATEGIC PARTNERSHIP TO EXPAND CYBER & TECH E&O COVERAGE

HOUSTON, May 16, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, is pleased to announce the addition of Anthony J. Kuczinski to its Board of Directors effective August 1, 2023. With more than 38 years of industry expertise, Kuczinski adds unmatched knowledge and experience to the Skyward Specialty board.

Skyward Specialty Adds Anthony J. Kuczinski to Board of Directors

Skyward Specialty Insurance Group, Inc. entered the stock market with impressive financial performance. Its financial positioning remains one of its sturdy strongholds.

Skyward: Solid Fundamentals, Reasonable Price Make This Newbie Stock A Buy

HOUSTON, TX, May 09, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported first quarter 2023 net income of $15.6 million, or $0.42 per diluted share, compared to $16.3 million, or $0.50 per diluted share, for the same 2022 period. Adjusted operating income(1) for the first quarter of 2023 was $15.5 million, or $0.42 per diluted share, compared to $19.8 million, or $0.61 per diluted share, for the same 2022 period.

Skyward Specialty Insurance Group Reports First Quarter 2023 Results

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HOUSTON, April 11, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its first quarter 2023 earnings results after the market closes on Tuesday, May 9, which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty to Host First Quarter 2023 Earnings Call Wednesday, May 10, 2023

HOUSTON, April 05, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, has announced leadership changes as the Company takes action to further invest in its Captives and Programs divisions.

Skyward Specialty Unveils Leadership Changes in Captives and Programs Divisions

HOUSTON, March 21, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (Nasdaq: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, announced today it has entered the global agriculture market. The Company appointed James Tran, a seasoned global agriculture underwriting leader, as Senior Vice President, Global Agriculture, to spearhead its entry into this market.

Skyward Specialty Appoints Global Agriculture Expert James Tran to Spearhead Entry Into Market

HOUSTON, TX, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported fourth quarter 2022 net income of $20.4 million, or $0.63 per diluted share, compared to $1.3 million, or $0.04 per diluted share, for the same 2021 period. Adjusted operating income(1) for the fourth quarter of 2022 was $11.6 million, or $0.36 per diluted share, compared to $7.6 million, or $0.23 per diluted share, for the same 2021 period.

Skyward Specialty Insurance Group Reports Fourth Quarter 2022 Results

HOUSTON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group Inc.TM (NASDAQ: SKWD) ("Skyward Specialty" or "the Company"), a leader in the specialty property and casualty market, announces the appointment of Havis Wright to lead the expansion of the Company's industry solutions division with the launch of a new dedicated inland marine underwriting unit.

Skyward Specialty Launches New Inland Marine Underwriting Unit led by Havis Wright

HOUSTON, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its fourth-quarter 2022 earnings results after the market closes on Tuesday, February 28, which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty to Host Fourth-Quarter 2022 Earnings Call Wednesday, March 1, 2023

HOUSTON, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company") announced today the closing of its upsized initial public offering of 8,952,383 shares of its common stock, consisting of 4,750,000 shares sold by Skyward Specialty and 4,202,383 shares sold by selling stockholders, at the public offering price of $15.00 per share. The underwriters also exercised in full their option to purchase 1,342,857 additional shares of common stock from the selling stockholders, at a price per share of $15.00 per share, less underwriting discounts and commissions. Skyward Specialty's common stock is listed on the Nasdaq Global Select Market under the ticker symbol "SKWD."

Skyward Specialty Announces Closing of Initial Public Offering

The stock price of Skyward Specialty Insurance (SKWD) surged by 27.33% in its market debut on Friday. These are the details.

Skyward Specialty Insurance Stock Surges 27.33% In Market Debut (SKWD)

HOUSTON, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the “Company") announced today that it has priced its upsized initial public offering of 8,952,383 shares of its common stock, with 4,750,000 shares being offered by Skyward Specialty and 4,202,383 shares being sold by selling stockholders, at a public offering price of $15.00 per share. The underwriters have a 30-day option to purchase up to an additional 1,342,857 common shares from the selling shareholders at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about January 18, 2023, subject to customary closing conditions. The shares are expected to begin trading on January 13, 2023 on the Nasdaq Global Select Market under the ticker symbol "SKWD."

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