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Skyward Specialty Insurance Group, Inc. SKWD Property & Casualty — 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 property & casualty — direct premiums?
Skyward Specialty Insurance Group, Inc. (SKWD) reported property & casualty — direct premiums of $357.58M in Q4 2025.
How has Skyward Specialty Insurance Group, Inc.'s property & casualty — direct premiums changed year-over-year?
Skyward Specialty Insurance Group, Inc.'s property & casualty — direct premiums increased by 11.3% year-over-year, from $321.39M to $357.58M.
What is the long-term trend for Skyward Specialty Insurance Group, Inc.'s property & casualty — direct premiums?
Over 4 years (2021 to 2025), Skyward Specialty Insurance Group, Inc.'s property & casualty — direct premiums has grown at a 18.3% compound annual growth rate (CAGR), from $730.56M to $1.43B.
What does property & casualty — direct premiums mean?
Represents the total gross premiums written by the insurance segment before the impact of reinsurance cessions. This metric measures the raw volume of business originated by the company's underwriting teams within the property and casualty market. It serves as a primary indicator of market reach and the company's ability to attract new insurance contracts.

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