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

Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

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Earnings data Q2 2024

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Earnings data Q4 2024

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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HOUSTON, Aug. 15, 2024 (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 the strategic addition of key surety professionals as it continues to strengthen its regional Contract Surety teams.

Skyward Specialty Strengthens Regional Contract Surety Teams with Recruitment of Six Surety Specialists

Does Skyward Specialty Insurance (SKWD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Skyward Specialty Insurance (SKWD) is a Great Momentum Stock to Buy

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Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD ) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Natalie Schoolcraft – Head of Investor Relations Andrew Robinson – Chairman and Chief Executive Officer Mark Haushill – Chief Financial Officer Conference Call Participants Matthew Carletti – Citizens JMP Meyer Shields – KBW Charlie Rodgers – Jefferies Mark Hughes – Truist Securities Operator Good day, and thank you for standing by. Welcome to the Skyward Specialty Insurance Earnings Conference Call.

Skyward Specialty Insurance Group, Inc. (SKWD) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Skyward (SKWD) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Skyward (SKWD) Q2 Earnings: A Look at Key Metrics

Skyward Specialty Insurance (SKWD) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.42 per share a year ago.

Skyward Specialty Insurance (SKWD) Tops Q2 Earnings Estimates

HOUSTON, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported second quarter 2024 net income of $31.0 million, or $0.75 per diluted share, compared to $19.5 million, or $0.51 per diluted share, for the same 2023 period. Net income for the first half of 2024 was $67.8 million, or $1.65 per diluted share, compared to $35.0 million, or $0.93 per diluted share, for the same 2023 period.

Skyward Specialty Insurance Group Reports Second Quarter 2024 Results

IPO Stock Of The Week, insurance leader Skyward, is right at a recent buy point despite this week's stock market sell-off.

IPO Stock Of The Week: Insurance Leader Skyward Eyes Buy Point During Market Sell-Off

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a” (Excellent) from “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.

AM Best Upgrades Credit Ratings of Skyward Specialty Insurance Group's Members

HOUSTON, Aug. 01, 2024 (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 reported that A.M. Best Company (“AM Best”) upgraded the Financial Strength Rating (FSR) of its subsidiary insurance companies, Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company, to an “A” (Excellent) X rating with a stable outlook.

Skyward Specialty Achieves “A” (Excellent) Rating Upgrade by AM Best

HOUSTON, July 29, 2024 (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, announced today that the Company has added key talent to expand its Healthcare Solutions portfolio and broaden its Transactional Property E&S underwriting units.

Skyward Specialty Recruits Julie Miglin to Lead New Life Sciences Unit and Steven Smith to Lead Transactional E&S Property Portfolio

Skyward (SKWD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Skyward Specialty Insurance (SKWD) Reports Next Week: Wall Street Expects Earnings Growth

Skyward Specialty Insurance (SKWD) Is Up 0.75% in One Week: What You Should Know

Skyward Specialty Insurance (SKWD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SKWD broke out above the 50-day moving average, suggesting a short-term bullish trend.

Skyward Specialty Insurance (SKWD) Recently Broke Out Above the 50-Day Moving Average

HOUSTON, July 10, 2024 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) ("Skyward Specialty" or "the Company") expects to issue its second quarter 2024 earnings results after the market closes on Monday, August 5 which will be available on the Company website at investors.skywardinsurance.com/ under Quarterly Results.

Skyward Specialty to Host Second Quarter 2024 Earnings Call Tuesday, August 6, 2024

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Here, we present three value stocks, NMIH, HCI, SKWD, which are well-poised to benefit from better pricing, prudent underwriting and increased exposure despite a rise in catastrophe losses.

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HOUSTON, June 04, 2024 (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, announced today it has recruited three top media liability professionals, further expanding the Company's Media Liability team following its impressive reception by the market after entering as a primary carrier just two months ago.

Skyward Specialty Invests in Media Liability Expansion With the Addition of Three Key Industry Veterans

After reaching an important support level, Skyward Specialty Insurance (SKWD) could be a good stock pick from a technical perspective. SKWD surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Skyward Specialty Insurance (SKWD) Just Overtook the 20-Day Moving Average

From a technical perspective, Skyward Specialty Insurance (SKWD) is looking like an interesting pick, as it just reached a key level of support. SKWD recently overtook the 50-day moving average, and this suggests a short-term bullish trend.

Skyward Specialty Insurance (SKWD) Just Overtook the 50-Day Moving Average

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

Westaim Announces Closing of Skyward Specialty's Secondary Offering

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

Westaim Announces Pricing of Skyward Specialty's Secondary Offering

HOUSTON, May 06, 2024 (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, announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty's common stock. The Selling Stockholder will hold 4.80% and 6.45% in Skyward Specialty, assuming full and no exercise of the underwriters' option to purchase the additional shares, respectively.

News for Skyward Specialty Insurance Group Inc Stock (SKWD)