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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 $27.84Diluted shares 45.5M

Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) operates as a growing specialty insurance company delivering commercial insurance products and solutions on both non-admitted (excess and surplus) and admitted bases, predominantly throughout the United States. The company's website is located at… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.42B
+23.2% year over year
Last 12 mo $1.73B
13.71%
+0.4 percentage points
Last 12 mo 13.04%
$170.03M
+43.1% year over year
Last 12 mo $187.90M
16.84%
+1.9 percentage points
Last 12 mo 14.82%
Cash & financing
$408.08M
+33.7% year over year
Last 12 mo $407.30M
$402.62M
+33.8% year over year
Last 12 mo $402.17M
0.12
Was 0.15× a year earlier
Last 12 mo 0.34
41.8M
+1.0% year over year
Last 12 mo 45.5M

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) operates as a growing specialty insurance company delivering commercial insurance products and solutions on both non-admitted (excess and surplus) and admitted bases, predominantly throughout the United States. The company's website is located at https://investors.skywardinsurance.com/.

The company focuses on underserved, dislocated, and niche markets where standard insurance coverages prove insufficient to meet customer needs. Skyward Specialty's portfolio encompasses a highly diversified array of insurance products including general liability, excess liability, professional liability with cyber and media coverage, commercial auto, group accident and health, property, agriculture, credit, surety, and workers' compensation. The business operates through nine distinct underwriting divisions: Accident & Health, Agriculture and Credit (Re)insurance, Captives, Construction & Energy Solutions, Global Property, Professional Lines, Specialty Programs, Surety, and Transactional E&S. For the year ended December 31, 2025, 41 percent of gross written premiums were written on an admitted basis with 59 percent on a non-admitted basis.

The company maintains a diversified distribution strategy utilizing retail agents, wholesale brokers, select program administrators, and captive managers to access target markets efficiently. All insurance company subsidiaries maintain financial strength ratings of "A" (Excellent) from A.M. Best with stable outlook.

A significant development occurred on January 1, 2026, when Skyward Specialty completed its acquisition of Apollo Group Holdings Limited, a leading U.S.-centric specialty underwriting platform operating at Lloyd's of London. Apollo operates through Syndicates 1969 and 1971, providing multi-class specialty insurance and innovative platform liability products for the digital and sharing economy. This acquisition brings new specialty niches, distinctive new economy offerings, and advanced technology capabilities to Skyward Specialty's portfolio.

The company's competitive positioning rests on its focus on profitable market niches requiring technical underwriting expertise, highly skilled underwriter teams, superior claims operations, advanced business intelligence platform called SkyBI, and technology-driven underwriting and claims capabilities. Skyward Specialty maintains a strong balance sheet with conservative loss reserves and strong capitalization ratios to support its growth objectives and maintain stakeholder confidence.

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

Financial performance, year by year

Fiscal 2022–2025 · USD
$-173.35M$346.70M$866.76M$1.39B$1.91B2022202320242025Last 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
0.15%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

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