Skyward Specialty Insurance (SKWD) - 2024 Q4 - Annual Results

Financial Performance - Gross written premiums for Q4 2024 reached $388.4 million, an increase of$66.8 million, or 20.8% compared to 2023[4] - Net income for Q4 2024 was $14.4 million, with adjusted operating income of$33.2 million[4] - For 2025, the company expects net income to be between $138.0 million and$150.0 million, with a combined ratio between 91.0% and 92.0%[4] - The company anticipates growth in gross written premiums to be in the low to mid-teens for 2025[3] - The adjusted combined ratio for Q4 2024 was 91.6%, including catastrophe losses of 2.2 points[4] - The adjusted loss ratio for Q4 2024 was 62.7% after excluding the net impact of the LPT[17] - The company reported net investment income of $20.7 million for Q4 2024[4] Loss Reserves and Expenses - The company strengthened LPT loss reserves by$25.3 million as of December 31, 2024[1] - The company expects total losses and loss adjustment expenses from the January California wildfires to be less than $10.0 million, net of reinsurance[2] - The company received$11.7 million in cash from the commutation of the LPT with R&Q[1]