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Skyward Specialty Insurance Group, Inc. (SKWD)
NASDAQ:SKWD
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
0.75Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 3.38%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
Skyward Specialty Insurance Group delivered strong financial performance with significant growth in premiums and operating income. The company successfully managed its portfolio to focus on high-return areas, resulting in a robust return on equity. However, increased reserves and challenges in certain underwriting areas slightly offset these achievements.Company Guidance
During Skyward Specialty Insurance Group's fourth-quarter 2024 earnings call, significant growth metrics were highlighted. The company reported an adjusted operating income of $0.80 per diluted share for the quarter, with an impressive 21% growth in gross written premiums. For the full year, adjusted operating income rose by 57% to $126.7 million, or $2.87 per diluted share, marking a 28% increase over 2023. The book value per share increased by 18% to $19.79, and the full-year return on equity reached 16.3%. Skyward's combined ratio for the year was slightly elevated to 91.2%, primarily due to an increase in catastrophe losses. Nonetheless, the company maintained a strong reserve position, with incurred but not reported (IBNR) reserves making up over 69% of total reserves. Looking ahead to 2025, Skyward forecasts net income between $138 million and $150 million, a combined ratio between 91% and 92%, and gross written premium growth in the low to mid-teens.Strong Financial Performance
Adjusted operating income grew 57% to $126.7 million for the year. Book value per share increased by 18% to $19.79, and the full year return on equity was a robust 16.3%.
Impressive Premium Growth
Gross written premiums grew by 21% for the quarter and 19% for the year, with key contributions from surety, programs, captives, transactional E&S, and agriculture.
Successful Portfolio Management
The company shifted its portfolio to less P&C cycle-exposed areas, achieving 19% full-year top-line growth. High return areas such as A&H, surety, captives, mortgage, credit, and agriculture accounted for 42% of quarterly gross written premiums.
Positive Investment Income
Net investment income for the year was $80.7 million, an increase of over $40 million compared to 2023.
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Skyward Specialty Insurance Group, Inc. (SKWD) Earnings, Revenues Date & History
SKWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SKWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $51.42 | $51.01 | -0.80% |
| Oct 29, 2024 | $44.75 | $44.46 | -0.65% |
| Aug 05, 2024 | $38.59 | $37.88 | -1.84% |
| May 01, 2024 | $35.50 | $35.77 | +0.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Skyward Specialty Insurance Group, Inc. (SKWD) report earnings?
Skyward Specialty Insurance Group, Inc. (SKWD) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Skyward Specialty Insurance Group, Inc. (SKWD) earnings time?
Skyward Specialty Insurance Group, Inc. (SKWD) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SKWD EPS forecast?
SKWD EPS forecast for the fiscal quarter 2025 (Q1) is 0.78.
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