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Skyward Specialty Insurance Group, Inc. SKWD Exited Lines — Cumulative net paid loss and LAE

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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$2.58B+30.4%
P/E13.7×-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:ShortdurationInsuranceContractsCumulativePaidClaimsAndAllocatedClaimAdjustmentExpenseNet.

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 except number of claims) / Incurred Losses and ALAE, Net of Reinsurance ($ in thousands)Incurred Losses and ALAE, Net of Reinsurance ($ in thousands) / Years Ended December 31,As of December 31, 2025 / Reported Claims
202321
20245
202511
Total$605,233
Cumulative net paid loss and ALAE from the table below(538,304)
Net reserves for loss and ALAE before 201514,737
Total net reserves for loss and ALAE$81,666
*Supplementary information and unaudited

Item 8. Financial Statements and Supplementary Data

FAQ

What is Skyward Specialty Insurance Group, Inc.'s exited lines — cumulative net paid loss and LAE?
Skyward Specialty Insurance Group, Inc. (SKWD) reported exited lines — cumulative net paid loss and LAE of $538.3M in Q4 2025.
How has Skyward Specialty Insurance Group, Inc.'s exited lines — cumulative net paid loss and LAE changed year-over-year?
Skyward Specialty Insurance Group, Inc.'s exited lines — cumulative net paid loss and LAE increased by 345.5% year-over-year, from $120.83M to $538.3M.
What does exited lines — cumulative net paid loss and LAE mean?
The total amount of cash paid out for losses and loss adjustment expenses, net of reinsurance, for all claims associated with exited business lines since inception. This metric represents the actual settlement of liabilities and serves as a benchmark for the progress of the runoff process. It provides a clear view of the capital outflow required to resolve legacy obligations.

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