Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Skyward Specialty Insurance Group, Inc. (SKWD) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores SKWD at 71.1/100 on a 32-signal composite quality model, placing it at rank #199 of 2,960 stocks — the top 10% of the AI-ranked universe. SKWD scores in the top quartile across revenue growth (88.6), earnings quality (81.5), free cash flow (76.9). Based on the latest XBRL financial filings (Q2 2026), Skyward Specialty Insurance Group, Inc. reports quarterly revenue of $489.5M, net income of $49.0M, an operating margin of 13.0%. Top institutional holders of SKWD by reported 13-F value include BlackRock, REINHART PARTNERS, PRICE T ROWE ASSOCIATES, based on the most recent SEC filings. SKWD trades on the Nasdaq exchange and files with the SEC under CIK 1519449. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SKWD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Skyward Specialty Insurance Group, Inc. directly from SEC EDGAR.
AI Quality Score
71.1/100
AI Rank
#199
Revenue
$489.5M
Net Income
$49.0M
Operating Margin
13.0%
SKWD key financials by period
Skyward Specialty Insurance Group, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.4B
$170.0M
15.3%
FY 2024
10-K/A
$1.2B
$118.8M
13.3%
FY 2023
10-K/A
$886.0M
$86.0M
12.4%
FY 2022
10-K/A
$642.4M
$39.4M
7.8%
FY 2021
10-K
$550.2M
$38.3M
8.8%
Institutions holding SKWD
Institutional investors reporting a position in Skyward Specialty Insurance Group, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-08-07 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue of $489.5M and net income of $49.0M in the first quarter reflecting the January 1, 2026 Apollo acquisition, which contributed $78.7M of revenue at an 89.5% group combined ratio.
Biggest Revenue Drivers
Net earned premiums$444.5M
Growth driven by new business in global agriculture, accident & health, specialty programs and credit & surety divisions, plus the acquired Apollo book.
Net investment income$30.7M
Increased $12.0 million on higher fixed income income from the Apollo acquisition, a higher yield and a larger asset base.
Biggest Revenue Drivers
Total revenue: $489.5M
Net earned premiums$444.5M
Growth driven by new business in global agriculture, accident & health, specialty programs and credit & surety divisions, plus the acquired Apollo book.
Within Net earned premiums
Skyward Specialty segment net earned premiums$378.3M+28.0% YoY
Same drivers as gross written premium growth; partly offset by non-renewals in energy solutions and captives and property market competition.
Apollo segment net earned premiums$66.1M
Lloyd's platform acquired January 1, 2026; Syndicate 1969 gross written premiums grew 5.6% versus adjusted pro forma 2025 on new specialty business.
Net investment income$30.7M
Increased $12.0 million on higher fixed income income from the Apollo acquisition, a higher yield and a larger asset base.
Underwriting fee income$12.6M
Apollo managing agency fees of $3.5M plus $8.1M profit commission and consortium overrider charged to managed syndicates.
Largest Expense Items
Losses and loss adjustment expenses$276.7M
Includes $8.6M catastrophe losses, primarily convective storms; non-cat ratio rose on mix shift toward higher-loss-ratio accident & health and global agriculture.
Underwriting, acquisition and insurance expenses$123.3M
Policy acquisition costs $71.2M, other operating and general expenses $47.8M, corporate expenses $4.4M.
Amortization expense$8.8M
Up from $0.4M on amortization of VOBA and definite-lived intangibles recognized in the Apollo acquisition.
Interest expense$8.8M
Up from $1.9M due to the Term Loan Facility and Revolving Credit Facility drawn to fund Apollo.
Margins: Group combined ratio was 89.5% versus 89.4%, as the net loss ratio rose to 62.3% from 61.3% on business mix and catastrophes, while the net expense ratio improved to 27.2% from 28.1%.
Watch Items from the Filing
Apollo segment combined ratio was 97.6% for the quarter, including $3.6M of catastrophe losses (5.4 points) primarily from the conflict in the Middle East.
Apollo purchase price allocation is preliminary; $125.4M goodwill and $262.0M intangibles may change, and goodwill plus intangibles now total $471.2M against $1,267.5M equity.
Notes payable rose to $417.6M and interest expense to $8.8M from $1.9M; $50.0M of Tranche A term loan was repaid June 26, 2026.
Gross written premiums declined in captives (-16.6%), energy solutions (-16.2%) and global property (-15.3%) on non-renewals and property market competition and rate decreases.
Board increased the share repurchase authorization to $100.0M on July 15, 2026; 222,635 shares were repurchased for $9.7M during the quarter.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
