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Financials · SKWD

Skyward Specialty Insurance Group Inc. (SKWD) financials

For the twelve months ended Sep 30, 2026, Skyward Specialty Insurance Group Inc. reported $1.81B of revenue and $191.79M of net income.

Revenue, TTM
$1.81B
Revenue growth, YoY
+35.3%
Net income, TTM
$191.79M
Net income growth, YoY
+35.8%
Net margin
10.6%
EPS, diluted, TTM
$4.28
EPS growth, YoY
+27.0%
Cash
$187.62M
Total debt
$417.04M
P/E
13.97
P/S
1.48
Market cap
$2.68B
Annual revenue$1.42B
FY2021FY2025
Annual net income$170.03M
FY2021FY2025
Annual free cash flow$402.62M
FY2021FY2025

SKWD revenue and earnings growth

SKWD revenueQ3 2026$455.34M

Quarter YoY
+19.0%
QoQ
-7.0%
FY YoY
+23.2%

SKWD revenue was $455.34M in fiscal Q3 2026 (ended Sep 30, 2026), up 19.0% from a year earlier and down 7.0% from the prior quarter. For the full fiscal 2025 it was $1.42B, up 23.2% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.

SKWD net incomeQ3 2026$49.80M

Quarter YoY
+8.5%
QoQ
+1.5%
FY YoY
+43.1%

SKWD net income was $49.80M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.5% from a year earlier and up 1.5% from the prior quarter. For the full fiscal 2025 it was $170.03M, up 43.1% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.

SKWD EPSQ3 2026$1.09

Quarter YoY
-0.9%
QoQ
+1.9%
FY YoY
+41.8%

SKWD diluted EPS was $1.09 in fiscal Q3 2026 (ended Sep 30, 2026), down 0.9% from a year earlier and up 1.9% from the prior quarter. For the full fiscal 2025 it was $4.07, up 41.8% from fiscal 2024.

SKWD free cash flowQ4 2025$50.06M

Quarter YoY
+140.4%
QoQ
-70.4%
FY YoY
+33.8%

SKWD free cash flow was $50.06M in fiscal Q4 2025 (ended Dec 31, 2025), up 140.4% from a year earlier and down 70.4% from the prior quarter. For the full fiscal 2025 it was $402.62M, up 33.8% from fiscal 2024. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue$1.42B$1.15B$885.97M$642.42M$550.18M
Interest expense$7.92M$9.50M$10.02M$6.41M$4.62M
Pre-tax income$216.42M$152.74M$110.10M$49.78M$48.31M
Income tax$46.40M$33.91M$24.12M$10.39M$9.99M
Net income$170.03M$118.83M$85.98M$39.40M$38.32M
EPS, basic$4.21$2.97$2.34$1.24$1.21
EPS, diluted$4.07$2.87$2.24$1.21$1.18
Diluted shares41.8M41.4M38.3M32.7M32.5M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$168.54M$157.53M$100.34M$125.01M$107.27M
Goodwill$65.73M$65.73M$65.73M$65.73M$65.73M
Total assets$4.79B$3.73B$2.95B$2.36B$2.12B
Total debt$100.41M$100.00M$50.00M$50.00M$50.00M
Total liabilities$3.78B$2.94B$2.29B$1.94B$1.69B
Shareholders' equity$1.01B$794.00M$661.03M$421.66M$426.08M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow$408.08M$305.12M$338.19M$208.94M$175.28M
Capital expenditures$5.45M$4.22M$3.11M$2.33M$2.15M
Free cash flow$402.62M$300.89M$335.08M$206.61M$173.13M
Investing cash flow-$366.90M-$243.69M-$493.81M-$193.38M-$183.01M
Financing cash flow$411.0K-$4.23M$130.95M$2.18M$1.38M
Stock-based compensation$11.96M$9.39M$8.53M$2.29M$522.0K
Depreciation and amortization$3.54M$3.36M$3.89M$4.10M$5.60M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY23.2%29.8%37.9%16.8%-
Net income growth, YoY43.1%38.2%118.3%2.8%-
EPS growth, YoY41.8%28.1%85.1%2.5%-
Net margin12.0%10.3%9.7%6.1%7.0%
Free cash flow margin28.4%26.2%37.8%32.2%31.5%
Return on equity16.8%15.0%13.0%9.3%9.0%
Return on assets3.5%3.2%2.9%1.7%1.8%
Debt to equity0.100.130.080.120.12

Source: XBRL data Skyward Specialty Insurance Group Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SKWD peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SKWD$1.81B+35.3%$191.79M10.6%$2.68B
CB$61.85B+5.7%$11.23B18.2%$139.46B
PGR$91.73B+7.7%$11.62B12.7%$131.96B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$63.05B
AIG$27.73B+1.2%$3.29B11.9%$40.31B
HIG$29.87B+9.2%$4.61B15.4%$35.83B
ACGL$18.78B-3.9%$4.38B23.3%$34.92B
CINF$13.28B+9.9%$2.66B20.1%$28.47B

SKWD FAQ

7 questions
  • What is SKWD revenue?
    Skyward Specialty Insurance Group Inc. (SKWD) reported $1.81B of revenue for the twelve months ended Sep 30, 2026. That is up 35.3% from the year before. Revenue for fiscal 2025 was $1.42B.
  • Is SKWD profitable?
    Yes. Skyward Specialty Insurance Group Inc. earned $191.79M in net income for the twelve months ended Sep 30, 2026, a net margin of 10.6%.
  • How much cash and debt does SKWD have?
    Skyward Specialty Insurance Group Inc. reported $187.62M in cash and cash equivalents and $417.04M of debt on its most recent balance sheet in SEC filings.
  • How fast is SKWD revenue growing?
    Skyward Specialty Insurance Group Inc.'s revenue changed +23.2% in fiscal 2025, to $1.42B.
  • What is SKWD earnings per share?
    Diluted earnings per share were $4.28 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SKWD last report financial results?
    The latest statements here come from Skyward Specialty Insurance Group Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this SKWD financial data come from?
    Quantisnow builds these statements from the structured XBRL data Skyward Specialty Insurance Group Inc. files with the SEC. It is provided for information only and is not investment advice.