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Companies / Financials / Skyward Specialty Insurance Group, Inc.
SKWD

Skyward Specialty Insurance Group, Inc.

FinancialsProperty & Casualty Insurance
Ticker SKWDHOUSTON, TXFiscal year ends DecemberBook value per share $27.98Diluted shares 45.6M

Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) is a specialty insurer providing commercial insurance products and solutions on admitted and excess and surplus lines bases, predominantly in the United States. It serves businesses with specialized or complex risks through tailored coverage, including general and… From the company’s description.

Over the twelve months to Sep 30, 2026, Skyward Specialty Insurance Group, Inc. reported revenue of $1.81B, up 35.3% from a year earlier, and net income of $191.79M. Its operating margin was 14.5%, and operations generated $441.07M in cash. In fiscal 2025, it reported revenue of $1.42B, up 23.2% from fiscal 2024, and net income of $170.03M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.42BFY2025
+23.2% year over year
Last 12 mo $1.81B
14.27%FY2025
+0.7 percentage points
Last 12 mo 14.47%
$170.03MFY2025
+43.1% year over year
Last 12 mo $191.79M
16.84%FY2025
+1.9 percentage points
Last 12 mo 15.03%
Cash & financing
$408.08MFY2025
+33.7% year over year
Last 12 mo $441.07M
$402.62MFY2025
+33.8% year over year
Last 12 mo $441.07M
0.12FY2025
Was 0.15× a year earlier
Last 12 mo 0.34
41.8MFY2025
+1.0% year over year
Last 12 mo 45.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Skyward Specialty Insurance Group, Inc. does

In the company’s own words

Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) is a specialty insurer providing commercial insurance products and solutions on admitted and excess and surplus lines bases, predominantly in the United States. It serves businesses with specialized or complex risks through tailored coverage, including general and excess liability, professional liability, cyber, commercial auto, property, agriculture, credit, surety, workers’ compensation, and accident and health insurance. Customers access its products through retail agents, wholesale brokers, program administrators, and captive managers; the company also provides specialty reinsurance to insurers and other risk originators. Skyward has one reportable segment and nine underwriting divisions focused on distinct specialty markets. For 2025, 41% of gross written premiums were admitted and 59% non-admitted. Its insurance operations include group captive solutions and coverage for employers, commercial clients, and small and medium-sized businesses. On January 1, 2026, it completed its acquisition of Apollo, a specialty underwriting platform operating at Lloyd’s of London, adding multi-class specialty insurance and platform liability offerings. Skyward was formed in 2006 as Houston International Insurance Group and adopted the Skyward Specialty name in 2020. Its website is https://investors.skywardinsurance.com/.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1519449
SIC
6331

Financial performance, year by year

Fiscal 2022–2025 · USD
$-180.63M$361.27M$903.16M$1.45B$1.99B2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Skyward Specialty Insurance Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

276
funds hold it
0 of 35
superinvestors hold it
$1.01B
held by funds, at market
42.3%
of shares held by funds

Largest fund holders · Skyward Specialty Insurance Group, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund
PRDSX · T. ROWE PRICE INTEGRATED EQUITY FUNDS, INC.
0.57%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Skyward Specialty Insurance Group, Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Skyward Specialty Insurance Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
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