Skyward Specialty Insurance reports Q4 EPS 80c, consensus 74c

Reports Q4 revenue $304.40M , consensus $295.56M…Gross written premiums of $388.4M , an increase of $66.8M , or 20.8%, when compared to 2023; Adjusted combined ratio of 91.6%, including catastrophe losses of 2.2 points; Return on equity of 16.3% for the year ended 2024 compared to 15.9% for the same 2023 period; Adjusted return on equity of 17.4% for the year ended 2024 compared to 14.9% for the same 2023 period; and, Book value per share of $19.79, an increase of 18% compared to December 31, 2023…Skyward Specialty Chairman and CEO Andrew Robinson commented, “We wrapped up another remarkable year for Skyward Specialty, delivering both outstanding underwriting results while growing gross written premiums at over 20% for the quarter and 19% for the full year, with six out of eight divisions growing double-digits over the prior year. Our 16.3% return on equity for the year was again an excellent outcome. Throughout 2024 we continued to thoughtfully diversify our product portfolio, strategically launching new units including Media Liability, Life Sciences, Mortgage and Credit, and Renewable Energy. Our focus and disciplined execution of our “Rule Our Niche” strategy, and the extraordinary efforts of my 600 plus colleagues made 2024 another impressive year for our Company, and we are confident that we have built the foundation that will propel us in 2025 and beyond.”