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Skyward Specialty Insurance Group, Inc. SKWD Accident & Health — Direct premiums

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Other financials

Income statement

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Revenue$489.5M+53.0%
Net income$49.0M+26.3%
EPS (diluted)$1.07+15.1%

Balance sheet

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Cash & equivalents$302.5M+74.7%
Total debt$3.2M-38.5%
Total equity$1.3B+40.9%
Total assets$6.8B+56.4%

Cash flow

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Operating cash flow$67.6M-23.3%
CapEx$1.7M+58.6%
Free cash flow$50.1M+140%

Valuation

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Market cap$2.66B+30.4%
P/E14.2×-1.3×
P/S1.5×-0.1×

Profitability

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Net margin10.8%+0.3pp
FCF margin28.4%+2.3pp

Returns & leverage

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Return on equity17.3%+1.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Skyward Specialty Insurance Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DirectPremiumsEarned.

The source filing: Skyward Specialty Insurance Group, Inc.’s 10-K, filed March 2, 2026.

Filed
Mar 2, 2026, 5:14 PM EST
Fiscal year
FY2025
Accession
0001519449-26-000015
($ in thousands)Years Ended December 31, 2025 / Accident &HealthYears Ended December 31, 2025 / Property &CasualtyYears Ended December 31, 2024 / Accident &HealthYears Ended December 31, 2024 / Property &CasualtyYears Ended December 31, 2023 / Accident &HealthYears Ended December 31, 2023 / Property &Casualty
Gross amount$254,102$1,430,309$173,073$1,285,564$151,702$1,089,478
Ceded to other companies(143,811)(616,193)(86,503)(533,151)(79,091)(470,047)
Assumed from other companies481,825284,595218,649
Net amount$110,291$1,295,941$86,570$1,037,008$72,611$838,080
Percentage of amount assumed to net37.2%27.4%26.1%

Item 15. Exhibits, Financial Statement Schedules.

FAQ

What is Skyward Specialty Insurance Group, Inc.'s accident & health — direct premiums?
Skyward Specialty Insurance Group, Inc. (SKWD) reported accident & health — direct premiums of $63.53M in Q4 2025.
How has Skyward Specialty Insurance Group, Inc.'s accident & health — direct premiums changed year-over-year?
Skyward Specialty Insurance Group, Inc.'s accident & health — direct premiums increased by 46.8% year-over-year, from $43.27M to $63.53M.
What is the long-term trend for Skyward Specialty Insurance Group, Inc.'s accident & health — direct premiums?
Over 4 years (2021 to 2025), Skyward Specialty Insurance Group, Inc.'s accident & health — direct premiums has grown at a 22.8% compound annual growth rate (CAGR), from $111.76M to $254.1M.
What does accident & health — direct premiums mean?
Refers to the total premiums collected directly from policyholders by the Accident & Health segment, excluding any premiums assumed from other insurers. It measures the segment's ability to originate business directly within its target market niches.

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