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Skyward Specialty Insurance Group, Inc. SKWD Skyward Specialty Segment — Underwriting Income (Loss)

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Apollo Segment
$78.71M

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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$2.51B+26.9%
P/E13.4×-1.6×
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:UnderwritingIncomeLoss.

The source filing: Skyward Specialty Insurance Group, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:58 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001519449-26-000054
Three months ended June 30, / ($ in thousands)2026 / Skyward Specialty2026 / Apollo2026 / Total2025 / Skyward SpecialtyTotal
Net earned premiums$378,346$66,126$444,472$295,542$295,542
Underwriting fee income12,58812,588
Commission and fee income2,3342,3342,5602,560
Total underwriting revenues380,68078,714459,394298,102298,102
Expenses:
Losses and LAE236,96739,774276,741181,262181,262
Amortization of policy acquisition costs52,92718,22771,15444,63644,636
Other operating and general expenses41,2046,55147,75537,73037,730

Item 1. Financial Statements

FAQ

What is Skyward Specialty Insurance Group, Inc.'s skyward specialty segment — underwriting income (loss)?
Skyward Specialty Insurance Group, Inc. (SKWD) reported skyward specialty segment — underwriting income (loss) of $380.68M in Q2 2026.
What does skyward specialty segment — underwriting income (loss) mean?
The profit or loss generated by the segment's core insurance operations, calculated as net earned premiums minus losses, loss adjustment expenses, and underwriting expenses. This is the primary measure of the segment's technical underwriting profitability.

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