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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-4.8%
P/E12.4×-6.3×
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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearSeven.

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 — year 7?
Skyward Specialty Insurance Group, Inc. (SKWD) reported exited lines — year 7 of 4.9% in Q4 2025.
What does exited lines — year 7 mean?
Represents the financial impact of insurance claims and loss adjustment expenses for business lines discontinued seven years prior to the reporting period. This metric tracks the tail-end development of liabilities for legacy insurance products that have been phased out. It serves as an indicator of the company's historical underwriting performance and the adequacy of long-term reserve provisioning.