Skyward Specialty Insurance reports Q1 EPS 90c, consensus 63c

Reports Q1 revenue $265M, consensus $252.09M…Skyward Specialty Chairman and CEO Andrew Robinson commented, “We continued to build on our outstanding 2023 results in the first quarter of 2024, delivering an 89.6% combined ratio inclusive of cat losses, gross written premium growth of approximately 27%, and annualized return on equity of 21.7%. The excellent execution of our “Rule our Niche” strategy and the diversity of our business portfolio continues to distinguish us in the marketplace as 7 of our 8 underwriting divisions achieved double digit growth. While the market opportunities have become more nuanced, we are confident that 2024 will continue to provide plenty of opportunity to deliver attractive returns for our shareholders and to profitably grow our Company.”