Core Viewpoint - Skyward Specialty Insurance reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, and showing an increase from $0.80 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was +3.49%, and the company had a previous quarter surprise of +15.38% with actual earnings of $0.90 per share against an expectation of $0.78 per share [2] - Over the last four quarters, Skyward has consistently surpassed consensus EPS estimates [2] Revenue Performance - Skyward reported revenues of $319.9 million for the quarter ended June 2025, which was 1.37% below the Zacks Consensus Estimate, compared to $279.94 million in the same quarter last year [3] - The company has exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance - Skyward shares have increased by approximately 0.7% since the beginning of the year, while the S&P 500 has gained 8.3% [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.81 for the upcoming quarter and $3.53 for the current fiscal year, alongside expected revenues of $334.98 million and $1.34 billion respectively [5][8] - The Zacks Rank for Skyward is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [7] Industry Context - The Insurance - Property and Casualty industry is currently ranked in the bottom 35% of over 250 Zacks industries, which may impact stock performance [9]

[Financial Performance Summary](index=1&type=section&id=Skyward%20Specialty%20Insurance%20Group%20Reports%20Second%20Quarter%202025%20Results) Skyward Specialty reports strong Q2 and H1 2025 results, driven by significant income growth and improved key performance indicators [Second Quarter 2025 Highlights](index=1&type=section&id=Second%20Quarter%202025%20Highlights) Skyward Specialty reported strong financial results for Q2 and H1 2025, with significant growth in net income and adjusted operating income | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $38.8M | $31.0M | $80.9M | $67.8M | | **Diluted EPS** | $0.93 | $0.75 | $1.94 | $1.65 | | **Adjusted Operating Income** | $37.1M | $33.0M | $74.5M | $63.9M | | **Adjusted Diluted EPS** | $0.89 | $0.80 | $1.78 | $1.56 | - Gross written premiums increased by **17.9% to $584.9 million** in Q2 2025[3](index=3&type=chunk) - The combined ratio for Q2 2025 was **89.4%**, with an ex-catastrophe combined ratio of **88.0%**[3](index=3&type=chunk) - Annualized return on equity for the first six months of 2025 was **19.1%**[3](index=3&type=chunk) - Book value per share grew by **12% to $22.23** since December 31, 2024[3](index=3&type=chunk) [CEO Commentary](index=1&type=section&id=CEO%20Commentary) CEO Andrew Robinson attributes strong results to specialized underwriting, claims capabilities, and the "Rule Our Niche" strategy for profitable growth - The company's success is driven by its specialized underwriting, claims capabilities, and the execution of its 'Rule Our Niche' strategy, which focuses on portfolio diversity to grow underwriting profitability while managing volatility[2](index=2&type=chunk) [Results of Operations](index=2&type=section&id=Results%20of%20Operations) The company demonstrates strong operational performance with increased premiums, improved underwriting profitability, and mixed investment results [Underwriting Results](index=2&type=section&id=Underwriting%20Results) Strong underwriting performance is evident from increased gross written premiums and an improved combined ratio, driven by divisional growth and earnings leverage [Premiums Analysis](index=2&type=section&id=Premiums) | Premium Type | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Gross Written Premiums | $584.9M | $496.2M | 17.9% | | Net Written Premiums | $339.2M | $297.1M | 14.2% | | Net Earned Premiums | $295.5M | $257.6M | 14.7% | - Premium growth was primarily driven by double-digit increases in the agriculture and credit (re)insurance, specialty programs, accident & health, and captives divisions, partially offset by decreases in the global property and construction & energy solutions divisions[4](index=4&type=chunk) [Combined Ratio Analysis](index=2&type=section&id=Combined%20Ratio) | Ratio Component | Q2 2025 | Q2 2024 | Change (points) | | :--- | :--- | :--- | :--- | | Loss Ratio | 61.3% | 61.7% | -0.4 | | Expense Ratio | 28.1% | 29.0% | -0.9 | | **Combined Ratio** | **89.4%** | **90.7%** | **-1.3** | | **Ex-Cat Combined Ratio** | **88.0%** | **89.5%** | **-1.5** | - The improvement in the expense ratio was due to earnings leverage, which was partially offset by higher acquisition costs resulting from a shift in business mix[6](index=6&type=chunk) - Catastrophe losses, driven by convective storms, increased slightly in Q2 2025 compared to Q2 2024, contributing **1.4%** to the combined ratio[5](index=5&type=chunk) [Investment Results](index=3&type=section&id=Investment%20Results) Net investment income decreased due to losses in alternative investments, partially offset by higher fixed income earnings | ($ in thousands) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Investment Income** | **$18,589** | **$22,034** | **$37,927** | **$40,331** | | Net Investment Gains (Losses) | $3,205 | $(1,721) | $10,039 | $6,582 | - The decrease in net investment income was driven by losses in alternative & strategic investments, specifically from a decline in the fair value of limited partnership investments[8](index=8&type=chunk) [Stockholders' Equity](index=3&type=section&id=Stockholders%27%20Equity) Stockholders' equity increased significantly in Q2 2025, primarily due to higher investment portfolio market value and net income - Stockholders' equity rose to **$899.9 million** at June 30, 2025, up from **$850.7 million** at March 31, 2025, mainly due to higher investment portfolio market value and net income[9](index=9&type=chunk) [Consolidated Financial Statements](index=6&type=section&id=Consolidated%20Financial%20Statements) The consolidated financial statements reflect robust growth in assets, equity, revenues, and net income for Q2 and H1 2025 [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) The balance sheet shows significant growth in total assets and stockholders' equity as of June 30, 2025, compared to year-end 2024 | ($ in thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Investments | $2,080,507 | $1,870,820 | | Total Assets | $4,336,392 | $3,729,478 | | Total Liabilities | $3,436,477 | $2,935,479 | | Total Stockholders' Equity | $899,915 | $793,999 | [Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Income) The statements of operations show strong year-over-year growth in net earned premiums, total revenues, and net income for Q2 and H1 2025 | ($ in thousands) | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Net Earned Premiums | $295,542 | $257,583 | $595,908 | $493,925 | | Total Revenues | $319,903 | $279,942 | $648,430 | $544,910 | | Income Before Income Taxes | $49,795 | $40,355 | $101,230 | $87,332 | | **Net Income** | **$38,839** | **$30,970** | **$80,897** | **$67,754** | [Share and Per Share Data](index=8&type=section&id=Share%20and%20Per%20Share%20Data) The company reported increased earnings per share and book value per share, maintaining strong annualized returns on equity and tangible equity | Per Share Data | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :--- | :--- | :--- | :--- | :--- | | Diluted EPS | $0.93 | $0.75 | $1.94 | $1.65 | | Diluted Adjusted Operating EPS | $0.89 | $0.80 | $1.78 | $1.56 | | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Book Value Per Share | $22.23 | $19.79 | | Annualized ROE (H1) | 19.1% | 19.6% (for H1 2024) | | Annualized ROTE (H1) | 21.3% | 22.4% (for H1 2024) | [Supplemental Information](index=4&type=section&id=Supplemental%20Information) This section provides detailed breakdowns of gross written premiums by division and reconciliations of non-GAAP financial measures [Gross Written Premiums by Underwriting Division](index=11&type=section&id=Gross%20Written%20Premiums%20by%20Underwriting%20Division%20%28Unaudited%29) Gross written premiums growth varied significantly across divisions, with strong increases in agriculture and specialty programs, and declines in others | Underwriting Division | GWP Q2 2025 ($M) | % Change YoY | | :--- | :--- | :--- | | Agriculture and Credit (Re)insurance | $71.6 | 95.6% | | Specialty Programs | $86.0 | 44.1% | | Accident & Health | $60.5 | 37.2% | | Captives | $77.0 | 23.9% | | Surety | $40.7 | 8.2% | | Transactional E&S | $53.5 | 3.6% | | Professional Lines | $38.1 | 0.1% | | Global Property | $84.0 | (4.8)% | | Construction & Energy Solutions | $73.6 | (5.9)% | [Reconciliation of Non-GAAP Financial Measures](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures) This section reconciles GAAP measures to non-GAAP measures like Adjusted Operating Income and Underwriting Income, used for performance evaluation - Adjusted operating income, a non-GAAP measure, is defined as net income excluding items not indicative of underlying business trends, such as net investment gains/losses and other non-recurring expenses[23](index=23&type=chunk) | ($ in thousands) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Income (GAAP) | $38,839 | $30,970 | | Adjustments (net of tax) | $(1,723) | $2,002 | | **Adjusted Operating Income** | **$37,116** | **$32,972** | | ($ in thousands) | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Income Before Income Taxes (GAAP) | $49,795 | $40,355 | | Adjustments | $(18,551) | $(16,452) | | **Underwriting Income** | **$31,244** | **$23,903** | [Company Overview and Forward-Looking Statements](index=4&type=section&id=About%20Skyward%20Specialty%20Insurance%20Group%2C%20Inc.) Skyward Specialty is a commercial P&C insurer with an A (Excellent) rating, operating through nine divisions, with standard forward-looking statement disclaimers - The company operates through nine underwriting divisions: Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S[14](index=14&type=chunk) - The company's subsidiary insurance companies are rated **A (Excellent)** with a stable outlook by A.M. Best Company[15](index=15&type=chunk) - The report includes forward-looking statements that are subject to various risks and uncertainties, as detailed in the company's Form 10-K[16](index=16&type=chunk)

HOUSTON, July 30, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) ("Skyward Specialty" or the "Company") today reported second quarter 2025 net income of $38.8 million, or $0.93 per diluted share, compared to $31.0 million, or $0.75 per diluted share, for the same 2024 period. Net income for the first half of 2025 was $80.9 million, or $1.94 per diluted share, compared to $67.8 million, or $1.65 per diluted share, for the same 2024 period. Adjusted operating income(1) for the ...

Core Insights - Analysts project that Skyward Specialty Insurance (SKWD) will report quarterly earnings of $0.86 per share, reflecting a year-over-year increase of 7.5% [1] - Revenue estimates for the quarter are set at $324.36 million, indicating a 15.9% increase from the same period last year [1][5] - The consensus EPS estimate has been adjusted upward by 0.2% over the past 30 days, showing a reassessment by covering analysts [2] Revenue and Key Metrics - 'Revenues- Net investment income' is expected to be $22.62 million, a year-over-year change of +2.2% [5] - 'Revenues- Net earned premiums' are projected to reach $299.67 million, suggesting a change of +16.3% year over year [5] - The estimated 'Expense ratio' is 28.9%, slightly improved from 29.0% a year ago [5] Loss and Combined Ratios - Analysts predict a 'Loss ratio' of 62.4%, up from 61.7% reported in the same quarter last year [6] - The 'Combined ratio' is expected to be 91.1%, compared to 90.7% in the same quarter of the previous year [6] Stock Performance and Outlook - Skyward shares have decreased by 8.7% in the past month, contrasting with the Zacks S&P 500 composite's increase of 4.9% [6] - With a Zacks Rank 2 (Buy), SKWD is anticipated to outperform the overall market in the near term [6]

Core Points - Skyward Specialty Insurance Group, Inc. has announced a change in the schedule for its second quarter earnings call, which will now take place on July 31 at 12:00 p.m. EDT [1] - The company will release its second quarter 2025 earnings results after the market closes on July 30, and these results will be accessible on the company's investor website [2] - Investors can participate in the earnings call via a live audio webcast or conference call, with a replay available two hours after the call [3] Company Overview - Skyward Specialty is a rapidly growing specialty insurance company that provides commercial property and casualty products through nine underwriting divisions, including Accident & Health, Agriculture, and Construction & Energy Solutions [4] - The company's subsidiary insurance companies include Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company, all rated A (Excellent) with a stable outlook by A.M. Best Company [5]

Core Viewpoint - Skyward Specialty Insurance Group, Inc. is set to release its second quarter 2025 earnings results on July 31, 2025, and will host an earnings call on August 1, 2025, to discuss the financial outcomes [1][2]. Company Overview - Skyward Specialty is a rapidly growing specialty insurance company that provides commercial property and casualty products and solutions on both non-admitted and admitted bases [3]. - The company operates through nine underwriting divisions, which include Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S [3]. - Skyward Specialty's subsidiary insurance companies include Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company, all rated A (Excellent) with a stable outlook by A.M. Best Company [4].

Group 1 - Skyward Specialty Insurance (SKWD) has experienced significant selling pressure, resulting in a 10.8% decline in stock price over the past four weeks, but it is now considered oversold with potential for better earnings than previously predicted by analysts [1] - The Relative Strength Index (RSI) for SKWD is currently at 25.55, indicating that the stock is oversold and may soon experience a reversal in trend [5] - Analysts have raised earnings estimates for SKWD, with a 0.2% increase in the consensus EPS estimate over the last 30 days, suggesting a potential for price appreciation [7] Group 2 - SKWD holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]

INVESTOR PRESENTATION JUNE 2025 DISCLAIMER Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "may," "will," "intend," "expect," "anticipate," "estimate," "target," and similar expressions, or the negative thereof, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to m ...

Core Insights - Skyward Specialty Insurance Group has launched a new Aviation underwriting unit, marking its entry into the specialized aviation market following the acquisition of Acceleration Aviation Underwriters [1][2] - This strategic move is part of the company's growth strategy, focusing on technology and data-driven underwriting to tap into specialized and underserved markets [2][4] Company Strategy - The acquisition of Acceleration provides Skyward Specialty with a seasoned team of aviation experts, enhancing its capabilities in niche markets [3][4] - The integration of Acceleration's expertise with Skyward's advanced analytics and tech-enabled underwriting positions the company to scale its aviation business effectively [4] Market Position - Skyward Specialty aims to strengthen its position in the aviation market by focusing on smaller, overlooked risks, which aligns with its overall strategy of investing in specialty markets [4] - The company operates through nine underwriting divisions, indicating a diversified approach to its insurance offerings [5] Company Overview - Skyward Specialty is recognized as a rapidly growing and innovative specialty insurance company, providing commercial property and casualty products [5] - The company's subsidiary insurance companies are rated A (Excellent) with a stable outlook by A.M. Best Company, reflecting its strong financial standing [6]

Core Insights - Skyward Specialty Insurance Group has been recognized as one of the 2025-2026 Best Companies to Work For by US News & World Report for the second consecutive year, highlighting its strong workplace culture and employee satisfaction [1][2][3] Company Overview - Skyward Specialty is a rapidly growing specialty insurance company that provides commercial property and casualty products and solutions on both non-admitted and admitted bases [4] - The company operates through nine underwriting divisions, including Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S [4] Employee Satisfaction - The recognition as a "Best" company is based on exceeding national averages in employee satisfaction across key factors related to wellbeing, stability, and opportunity [3] - Skyward Specialty received strong scores in Career Opportunities, Professional Development, and Belongingness and Esteem, indicating a workplace where employees feel safe, valued, and empowered [3] Subsidiaries and Ratings - Skyward Specialty's subsidiary insurance companies include Great Midwest Insurance Company, Houston Specialty Insurance Company, Imperium Insurance Company, and Oklahoma Specialty Insurance Company [5] - These subsidiaries are rated A (Excellent) with a stable outlook by A.M. Best Company, reflecting their financial strength and reliability [5]