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Skyward Specialty Insurance Group, Inc. SKWD Exited Lines — Incurred losses and ALAE, net of reinsurance

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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$2.25B-3.0%
P/E12.6×-6.0×
P/S1.4×-0.5×

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 us-gaap:ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet.

The official record: Skyward Specialty Insurance Group, Inc.’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Skyward Specialty Insurance Group, Inc.'s exited lines — incurred losses and ALAE, net of reinsurance?
Skyward Specialty Insurance Group, Inc. (SKWD) reported exited lines — incurred losses and ALAE, net of reinsurance of $605.23M in Q4 2025.
How has Skyward Specialty Insurance Group, Inc.'s exited lines — incurred losses and ALAE, net of reinsurance changed year-over-year?
Skyward Specialty Insurance Group, Inc.'s exited lines — incurred losses and ALAE, net of reinsurance increased by 339.6% year-over-year, from $137.67M to $605.23M.
What does exited lines — incurred losses and ALAE, net of reinsurance mean?
Measures the total losses and allocated loss adjustment expenses incurred for discontinued business segments, after accounting for reinsurance recoveries. This figure captures the ultimate cost of claims for exited lines during a specific period. It helps investors assess the ongoing financial impact of legacy underwriting decisions.