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Skyward Specialty Insurance Group, Inc. SKWD Apollo Segment — Fee‑based service expenses

Other segment segments

Skyward Specialty Segment
$0

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Other financials

Income statement

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Revenue$475.9M+44.8%
Net income$49.7M+18.2%
EPS (diluted)$1.09+7.9%

Balance sheet

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Cash & equivalents$316.4M+106%
Total debt$3.2M-38.5%
Total equity$1.2B+44.0%
Total assets$6.5B+62.4%

Cash flow

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Operating cash flow$116.5M+20.4%
CapEx$1.7M+58.6%
Free cash flow$50.1M+140%

Valuation

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Market cap$2.21B-8.8%

Profitability

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Net margin11.4%+1.1pp
FCF margin28.4%+2.3pp

Returns & leverage

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Return on equity17.1%+1.0pp
Debt / equity0.0×

Where this comes from

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

Tagged under the XBRL concept skwd:FeebasedServiceExpenses.

The official record: Skyward Specialty Insurance Group, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Skyward Specialty Insurance Group, Inc.'s apollo segment — fee‑based service expenses?
Skyward Specialty Insurance Group, Inc. (SKWD) reported apollo segment — fee‑based service expenses of $4.17M in Q1 2026.
What does apollo segment — fee‑based service expenses mean?
Captures the direct costs incurred in providing fee-based services within the Apollo segment, excluding traditional underwriting activities. These expenses relate to services where the company earns revenue through fees rather than insurance premiums. Tracking this helps assess the cost-to-serve for non-risk-bearing revenue streams.