Wall Street analysts expect Skyward Specialty Insurance (SKWD) to post quarterly earnings of $0.78 per share in its upcoming report, which indicates a year-over-year increase of 4%. Revenues are expected to be $311.37 million, up 17.5% from the year-ago quarter.Over the last 30 days, there has been a downward revision of 0.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

HOUSTON, April 28, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") today announced a time change of its previously announced first quarter earnings call. The conference call and webcast will be held on Friday, May 2 at 9:30 a.m. EDT. Skyward Specialty will issue its first quarter 2025 earnings results after the market closes on Thursday, May 1. The earnings results will be available on the Company website at investors.skywardinsurance.c ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Skyward Specialty Insurance (SKWD) . This company, which is in the Zacks Insurance - Property and Casualty industry, shows potential for another earnings beat.This property and casualty insurance holding company has an established record of topping earnings estimates, especially when looking at the previous two reports. The co ...

Skyward Specialty Insurance (SKWD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

HOUSTON, April 10, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ:SKWD) ("Skyward Specialty" or "the Company") expects to issue its first quarter 2025 earnings results after the market closes on Thursday, May 1 which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results. Skyward Specialty will host its earnings call to review the first quarter 2025 financial results on Friday, May 2 at 9:00 a.m. EST. Investors may access the live audio ...

Skyward Specialty Insurance (NASDAQ: SKWD ) has been rated as a Strong Buy stock for over a year now. I decided to research the stock since it has an excellent momentum grade, 9 upwardAt Henriot Capital, we live by the principle that simplicity and common sense drive success. I’m passionate about building a hedge fund with a clear purpose, disciplined focus, and consistent alpha. Our approach is fully quant-driven—our model gives us the tickers, and we act on its recommendations without human interference. ...

HOUSTON, March 14, 2025 (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, has recruited Patricia Ryan as the Company's new General Counsel effective Tuesday, April 1 following the upcoming retirement of Leslie Shaunty, Skyward Specialty's long-time General Counsel, after nearly 12 years of dedicated service. Ms. Shaunty will continue through the end of 2025 in a support and transitio ...

Financial Performance - The company's total assets increased to $3.73 billion in 2024, up from $2.95 billion in 2023, indicating a growth of approximately 26.3%[337]. - The company's total liabilities rose to $2.94 billion in 2024, compared to $2.29 billion in 2023, representing an increase of about 28.8%[337]. - Stockholders' equity increased to $794 million in 2024, up from $661 million in 2023, marking a growth of approximately 20.1%[337]. - The company's cash and cash equivalents grew to $121.6 million in 2024, compared to $65.9 million in 2023, reflecting an increase of about 84.5%[337]. - Premiums receivable, net, increased to $321.6 million in 2024 from $179.2 million in 2023, showing a growth of approximately 79.5%[337]. - The company's total investments reached $1.87 billion in 2024, up from $1.61 billion in 2023, indicating an increase of approximately 15.9%[337]. - Net earned premiums increased to $1,056,722 thousand in 2024, up 27.4% from $829,143 thousand in 2023[339]. - Total revenues reached $1,150,200 thousand in 2024, a 30% increase compared to $885,969 thousand in 2023[339]. - Net income attributable to common stockholders rose to $118,828 thousand in 2024, representing a 40.7% increase from $84,307 thousand in 2023[339]. - Basic earnings per share improved to $2.97 in 2024, compared to $2.34 in 2023, reflecting a 27% increase[339]. - Comprehensive income for 2024 was $119,661 thousand, up from $106,516 thousand in 2023[342]. Risk Management - The company regularly reviews its loss reserves using various actuarial techniques, which can impact earnings through adverse development or reserve releases[103]. - The company actively manages investment risk to balance stable growth and liquidity while complying with insurance regulatory frameworks[105]. - The company faces credit risk associated with brokers, as premiums collected by brokers may not be remitted, potentially affecting underwriting profits[127]. - The company may experience increased claims frequency and severity due to economic factors, including inflation and social inflation, impacting profitability[139]. - The company strategically purchases reinsurance to protect capital from severe events, but may face challenges in obtaining reinsurance on acceptable terms[132]. - The company is exposed to risks from severe weather conditions and climate change, which could adversely affect financial results[147]. - The company faces significant risks from catastrophes, with losses dependent on the frequency and severity of insured events and total insured exposure[148]. - The company is exposed to pandemic-related risks, including potential challenges to policy exclusions for virus-related claims[149]. - The company must accurately assess risks to establish adequate loss reserves, which are subject to uncertainties and may change over time[135]. - The company faces intense competition in the specialty lines property & casualty insurance market, influenced by pricing, reputation, and relationships with brokers[124]. Regulatory Compliance - The company is subject to extensive insurance regulations, which may impact its ability to achieve business objectives and could result in penalties for non-compliance[121]. - Regulatory compliance is critical, with potential penalties for non-compliance that could adversely affect financial condition and operations[168]. - Compliance with Section 404 of the Sarbanes-Oxley Act requires substantial accounting expenses and management efforts, impacting operational focus[196]. - The company may incur increased costs due to public company compliance requirements, which could affect financial reporting reliability[195]. - The company must maintain effective disclosure controls and procedures to comply with SEC requirements, which may not prevent all errors or fraud[197]. Investment Strategy - The investment portfolio is predominantly composed of cash and cash equivalents and investment-grade fixed-maturity securities, aimed at generating stable returns[105]. - The Investment Committee meets quarterly to review investment activities and strategies, ensuring alignment with the company's financial goals[106]. - The investment portfolio's performance is influenced by interest rate changes, with rising rates potentially leading to declines in fixed income securities[161]. - The company limits credit exposure with any one financial institution or issuer, maintaining a diversified investment portfolio across various industries and regions[384]. - The company’s investment strategy includes parameters to manage market and credit risks, but significant losses may still occur[165]. Organizational Structure - The company operates through four main insurance subsidiaries, with a restructured organizational framework effective December 31, 2024, to enhance operational efficiency[108]. - As of December 31, 2024, the company had approximately 580 employees and aims to create a diverse and inclusive workplace culture[117]. - The company has a captive reinsurance subsidiary, Skyward Re, which manages net reserves related to retroactive reinsurance contracts[348]. Internal Controls - The company reported a material weakness in internal control over financial reporting as of December 31, 2024, related to ineffective implementation of IT general controls[320]. - The company has maintained effective internal control over financial reporting as per the audit opinion, despite the identified material weakness[328]. - Any deficiencies in internal control over financial reporting could impede timely and accurate SEC filings, negatively impacting investor confidence[200]. Future Outlook - The company has experienced rapid growth in recent years, but future revenue growth may not be consistent with historical rates due to various operational challenges[188]. - Future capital requirements may necessitate raising additional funds, which could be unavailable or only available on unfavorable terms, potentially affecting the company's growth[180]. - The company does not intend to declare and pay cash dividends on common stock in the foreseeable future, as its ability to do so depends on cash dividends from its insurance subsidiaries[177]. Taxation - The company has approximately $44.7 million in gross federal income tax net operating losses (NOLs) available to offset future taxable income, set to expire beginning in 2032[175]. - The company may face limitations on utilizing NOLs if an "ownership change" occurs, defined as a greater than 50% change in equity ownership over a rolling three-year period[176]. - Changes in U.S. tax laws and potential reforms could have a significant negative impact on the company's business and overall economy[173]. Technology and Cybersecurity - The company is subject to risks related to cybersecurity, including potential data breaches and operational disruptions, which could adversely affect its business[182]. - The company anticipates continued reliance on third-party software, which may involve significant costs and integration challenges[192]. Environmental, Social, and Governance (ESG) - Increased public focus on environmental, social, and governance (ESG) matters may impact the company's reputation and demand for its products[154].

Financial Data and Key Metrics Changes - The company reported adjusted operating income of $0.80 per diluted share for Q4 2024, driven by strong underwriting and investment results [6] - For the full year, adjusted operating income was $2.87 per diluted share, up over 28% compared to 2023 [7] - Book value per share increased by 18% to $19.79, with a full-year return on equity of 16.3% [7] - Gross written premiums grew by 21% for the quarter and 19% for the year, with net written premiums increasing by 23% for the year [10] - The adjusted combined ratio for Q4 was 91.6%, including 2.2 points of catastrophe losses [11] Business Line Data and Key Metrics Changes - Surety, programs, captives, transactional E&S, and agriculture contributed significantly to growth in Q4 [10] - The non-cat loss ratio for Q4 was 60.5%, consistent with prior periods [11] - The company shifted its portfolio to less P&C cycle-exposed areas, which is yielding positive results [8][21] Market Data and Key Metrics Changes - The company experienced a 19% full-year top-line growth despite challenging market conditions [8] - Retention rates improved to 64.5%, up from 62.4% the previous year [10] - Submission growth was solidly in the teens, slightly down from over 20% in prior quarters [25][56] Company Strategy and Development Direction - The company remains focused on executing its niche strategy and generating top quartile returns across market cycles [21] - Emphasis is placed on growth in high-return areas less exposed to P&C cycles, including A&H, surety, captives, mortgage, credit, and agriculture [21] - The company is cautious about growth in casualty lines due to rising loss inflation and is being selective in its growth strategy [32][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong position and growth potential for 2025, expecting net income between $138 million and $150 million [18] - The company anticipates gross written premium growth in the low to mid-teens for 2025 [18] - Management highlighted the importance of maintaining a strong reserve position and the successful transition to accident year reporting [12][81] Other Important Information - The company has rebuilt its actuarial data and improved the fidelity of its accident year data [13] - The investment strategy has led to a significant increase in net investment income, with a focus on fixed income [15] - The company has a low debt to capital ratio of 13%, providing ample financing flexibility [17] Q&A Session Summary Question: How do you see the adequacy of pricing in the casualty market? - Management noted that while there are significant rate increases in occurrence liability lines, they will take a cautious approach to growth in this area due to concerns about loss inflation [32][36] Question: How do you view M&A opportunities? - Management stated that while they are more active in looking at M&A opportunities, the bar is set high to avoid disrupting the successful organic growth engine [46][47] Question: Can you provide an update on submission flows? - Management indicated that submission growth remains strong, with no significant concerns about the quality of submissions [56] Question: What is the status of the commercial auto portfolio? - Management confirmed that they are nearing completion of their work on the commercial auto portfolio, with a cautious approach due to industry challenges [62][113] Question: How does the business mix shift impact the expense ratio? - Management acknowledged that while acquisition costs may rise, they aim to maintain an expense ratio below 30% [70] Question: What new units are expected to launch in 2025 or 2026? - Management confirmed that they are working on new initiatives but emphasized the importance of attracting the right talent for successful launches [75] Question: Can you walk us through the reserve change from policy year to accident year? - Management explained that the transition to accident year reporting was necessary for improved accuracy and is now the industry norm [81][82]

Core Insights - Skyward Specialty Insurance (SKWD) reported a revenue of $304.4 million for Q4 2024, marking a year-over-year increase of 23.6% and exceeding the Zacks Consensus Estimate of $299.9 million by 1.50% [1] - The company's EPS for the same quarter was $0.80, up from $0.61 a year ago, and also surpassed the consensus EPS estimate of $0.77 by 3.90% [1] Financial Performance Metrics - Expense ratio stood at 28.9%, slightly better than the average estimate of 29.1% from six analysts [4] - Loss ratio was reported at 66.9%, compared to the average estimate of 65.3% from six analysts [4] - Combined ratio was 95.8%, higher than the six-analyst average estimate of 94.3% [4] - Net investment income was $20.73 million, below the average estimate of $21.05 million, but represented a year-over-year increase of 48% [4] - Net earned premiums reached $293.24 million, exceeding the average estimate of $282.61 million and reflecting a year-over-year increase of 30.4% [4] - Commission and fee income was $0.81 million, below the average estimate of $0.95 million, but showed a significant year-over-year increase of 226.3% [4] - Net investment losses were reported at -$10.41 million, worse than the estimated -$8.93 million [4] Stock Performance - Skyward's shares have returned +18.6% over the past month, contrasting with a -1.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]