Skyward Specialty Insurance Group, Inc. Financial Summary

Complete Filing Data

Skyward Specialty Insurance Group, Inc. reported Liability For Claims And Claims Adjustment Expense of $2.32 billion for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Skyward Specialty Insurance Group, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent$33.6M$833.0K$20.5M-$48.1M-$7.6M
Net Income Loss$170.0M$118.8M$86.0M$39.4M$38.3M
Revenues$1.42B$1.15B$886.0M$642.4M$550.2M
Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Net Of Tax-$485.0K$9.0M$5.0M-$420.0K-$597.0K
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax$33.1M$9.8M$25.5M-$48.5M-$8.2M
Interest Expense$7.9M$9.5M$10.0M$6.4M$4.6M
Income Tax Expense Benefit$46.4M$33.9M$24.1M$10.4M$10.0M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$216.4M$152.7M$110.1M$49.8M$48.3M
Comprehensive Income Net Of Tax$203.6M$119.7M$106.5M-$8.7M$30.7M
Net Income Loss Available To Common Stockholders Basic$170.0M$118.8M$84.3M$20.5M$19.8M
Income Taxes Paid Net$37.0M$15.8M$0.00
Deferred Income Tax Assets Net$27.9M$30.5M$22.0M$36.2M$33.7M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent$12.2M$7.4M$12.1M$29.4M-$1.9M-$6.3M-$12.4M-$5.5M$7.7M-$17.8M-$14.8M-$16.4M
Net Income Loss$45.9M$38.8M$42.1M$36.7M$31.0M$36.8M$21.7M$19.5M$15.6M-$2.4M$5.1M$16.3M
Revenues$382.5M$319.9M$328.5M$300.9M$279.9M$265.0M$239.2M$210.5M$189.9M$158.1M$144.3M$152.7M
Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Net Of Tax-$5.5M$3.6M$182.0K$2.0M$406.0K$908.0K$3.7M$1.2M$47.0K-$31.0K-$30.0K-$301.0K
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax$6.7M$11.0M$12.3M$31.4M-$1.5M-$5.4M-$8.7M-$4.4M$7.8M-$17.8M-$14.8M-$16.7M
Interest Expense$1.9M$1.9M$1.8M$2.2M$2.4M$2.7M$2.6M$2.5M$2.2M$1.7M$1.4M$1.2M
Income Tax Expense Benefit$14.6M$11.0M$9.4M$10.2M$9.4M$10.2M$6.1M$5.6M$4.2M-$719.0K$1.3M$4.3M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest$60.5M$49.8M$51.4M$46.9M$40.4M$47.0M$27.8M$25.0M$19.7M-$3.1M$6.4M$20.6M
Comprehensive Income Net Of Tax$58.1M$46.2M$54.1M$66.1M$29.1M$30.5M$9.3M$13.9M$23.3M-$20.2M-$9.7M-$93.0K
Net Income Loss Available To Common Stockholders Basic$36.7M$31.0M$36.8M$21.7M$19.5M$14.3M-$2.4M$2.6M$8.5M
Income Taxes Paid Net$11.0M$20.3M$8.5M$14.0M$4.2M
Deferred Income Tax Assets Net$28.0M$28.7M$27.0M$18.5M$25.1M$23.6M$35.0M$32.0M$30.6M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Liability For Claims And Claims Adjustment Expense$2.32B$1.78B$1.31B$1.14B$979.5M$856.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$199.1M$157.5M$100.3M$125.0M$107.3M$113.6M
Stockholders Equity$1.01B$794.0M$661.0M$421.7M$303.2M
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1$795.0M$669.8M$515.2M$402.5M$354.4M
Gain Loss On Investments$22.1M$6.3M$11.1M-$15.7M$17.1M
Deferred Policy Acquisition Costs Amortization Expense And Other Cost And Expense Operating$377.4M$311.8M$243.4M$182.2M$138.5M
Amortization Of Deferred Charges$1.6M$2.0M$1.8M$1.5M$1.5M
Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest$468.0K$243.0K$329.0K
Premiums Receivable At Carrying Value$544.2M$321.6M$179.2M$139.2M$112.2M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$41.6M$57.2M-$24.7M$17.7M-$6.3M
Repayments Of Long Term Debt$43.0M$116.8M$50.0M$0.00
Subordinated Debt$19.6M$19.5M$78.7M$78.6M$78.5M
Retained Earnings Accumulated Deficit$267.1M$97.1M-$21.7M-$105.4M-$144.8M
Restricted Cash And Cash Equivalents$30.6M$35.9M$34.4M$79.6M$65.2M
Reinsurance Payable$279.9M$177.1M$150.2M$113.7M$119.9M
Other Short Term Investments$264.3M$274.9M$270.2M$121.2M$164.3M
Other Long Term Investments$58.7M$33.2M$3.9M$129.1M$132.1M
Other Assets$137.2M$86.7M$75.3M$82.8M$90.7M
Notes Payable$100.4M$100.0M$50.0M$50.0M$50.0M
Liabilities And Stockholders Equity$4.79B$3.73B$2.95B$2.36B$2.12B
Liabilities$3.78B$2.94B$2.29B$1.94B$1.69B
Investments$2.30B$1.87B$1.61B$1.08B$949.4M
Intangible Assets Net Including Goodwill$88.0M$87.3M$88.4M$89.9M$91.3M
Funds Held Under Reinsurance Agreements Liability$128.0M$102.7M$58.6M$36.9M$29.6M
Equity Securities Fv Ni Current And Noncurrent$1.2M$106.3M$118.2M$120.2M$118.0M
Deferred Policy Acquisition Costs$136.1M$113.2M$92.0M$68.9M$59.5M
Deferred Ceding Commission$46.5M$40.4M$37.1M$29.8M$30.5M
Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss$32.8M$39.2M$43.0M$52.5M$47.1M
Debt Securities Available For Sale Excluding Accrued Interest$1.86B$1.29B$1.02B$607.6M$458.4M
Common Stock Value$405.0K$401.0K$399.0K$168.0K$168.0K
Cash And Cash Equivalents At Carrying Value$168.5M$121.6M$65.9M$45.4M$42.1M
Assets$4.79B$3.73B$2.95B$2.36B$2.12B
Accumulated Other Comprehensive Income Loss Net Of Tax$11.5M-$22.1M-$23.0M-$43.5M$4.6M
Accounts Payable And Accrued Liabilities Current And Noncurrent$115.0M$76.2M$50.9M$48.5M$40.8M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021
Liability For Claims And Claims Adjustment Expense$2.06B$1.92B$1.87B$1.57B$1.47B$1.38B$1.27B$1.22B$1.17B$1.06B$1.04B$999.8M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$198.3M$173.2M$153.5M$151.4M$108.3M$115.3M$103.3M$101.9M$105.2M$106.1M$97.8M$97.7M
Stockholders Equity$961.4M$899.9M$850.7M$797.5M$723.6M$692.3M$535.4M$522.7M$507.1M$399.8M$419.6M$428.6M$426.1M
Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1$213.8M$181.3M$187.3M$170.5M$159.1M$143.9M$138.5M$124.4M$114.9M$111.7M$91.8M$90.0M
Gain Loss On Investments$6.9M$3.2M$6.8M$10.2M-$1.7M$8.3M-$3.0M$5.4M$961.0K-$7.3M-$14.4M-$4.4M
Deferred Policy Acquisition Costs Amortization Expense And Other Cost And Expense Operating$101.7M$85.6M$86.6M$79.8M$76.7M$69.8M$68.3M$56.7M$51.7M$47.3M$44.4M$40.5M
Amortization Of Deferred Charges$455.0K$372.0K$337.0K$351.0K$360.0K$388.0K$463.0K$486.0K$387.0K$387.0K$386.0K$387.0K
Debt Securities Held To Maturity Allowance For Credit Loss Excluding Accrued Interest$236.0K$268.0K$250.0K$239.0K$225.0K$329.0K$320.0K$332.0K$321.0K
Premiums Receivable At Carrying Value$583.1M$518.4M$417.5M$327.2M$377.3M$273.4M$211.9M$266.3M$179.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$4.0M$14.9M-$19.8M-$9.5M
Repayments Of Long Term Debt$0.00$59.8M$50.0M$0.00
Subordinated Debt$19.6M$19.6M$19.5M$19.0M$18.9M$18.9M$78.7M$78.7M$78.6M
Retained Earnings Accumulated Deficit$223.9M$178.0M$139.2M$82.7M$46.0M$15.1M-$51.0M-$72.7M-$92.1M
Restricted Cash And Cash Equivalents$38.2M$36.5M$40.6M$45.8M$35.3M$30.2M$49.5M$34.4M$64.0M
Reinsurance Payable$276.8M$299.5M$243.1M$201.0M$207.6M$193.8M$161.8M$198.9M$185.7M
Other Short Term Investments$247.4M$214.3M$308.0M$206.4M$215.0M$297.9M$194.0M$190.7M$287.4M
Other Long Term Investments$50.1M$44.5M$37.6M$23.8M$2.7M$2.0M$115.8M$124.8M$118.8M
Other Assets$117.7M$86.4M$90.6M$80.5M$81.1M$92.1M$82.1M$83.0M$79.1M
Notes Payable$100.0M$100.0M$100.0M$100.0M$100.0M$100.0M$50.0M$50.0M$50.0M
Liabilities And Stockholders Equity$4.59B$4.34B$4.03B$3.60B$3.44B$3.19B$2.85B$2.81B$2.62B
Liabilities$3.63B$3.44B$3.18B$2.80B$2.71B$2.49B$2.32B$2.28B$2.11B
Investments$2.23B$2.08B$1.99B$1.89B$1.72B$1.67B$1.40B$1.29B$1.29B
Intangible Assets Net Including Goodwill$88.4M$88.8M$87.1M$87.6M$87.9M$88.1M$88.8M$89.2M$89.5M
Funds Held Under Reinsurance Agreements Liability$123.3M$127.4M$113.7M$102.2M$95.6M$88.9M$54.0M$41.2M$44.3M
Equity Securities Fv Ni Current And Noncurrent$1.2M$58.0M$108.1M$124.7M$112.8M$117.1M$107.4M$127.9M$120.5M
Deferred Policy Acquisition Costs$144.9M$140.9M$126.4M$119.9M$116.5M$104.7M$99.3M$93.4M$80.1M
Deferred Ceding Commission$51.0M$55.0M$45.5M$45.0M$47.9M$41.1M$41.7M$54.2M$40.8M
Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss$34.6M$35.3M$37.5M$39.3M$40.0M$42.7M$44.4M$47.2M$48.2M
Debt Securities Available For Sale Excluding Accrued Interest$1.81B$1.63B$1.40B$1.36B$1.20B$1.07B$874.9M$767.5M$673.1M
Common Stock Value$405.0K$405.0K$404.0K$401.0K$401.0K$400.0K$377.0K$377.0K$377.0K
Cash And Cash Equivalents At Carrying Value$160.1M$136.6M$112.9M$105.6M$73.0M$85.1M$53.7M$67.5M$41.2M
Assets$4.59B$4.34B$4.03B$3.60B$3.44B$3.19B$2.85B$2.81B$2.62B
Accumulated Other Comprehensive Income Loss Net Of Tax$9.5M-$2.7M-$10.0M-$1.7M-$31.1M-$29.3M-$53.7M-$41.3M-$35.7M
Accounts Payable And Accrued Liabilities Current And Noncurrent$114.6M$102.3M$78.2M$73.0M$59.8M$53.4M$64.4M$46.2M$40.3M

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Proceeds From Sale And Maturity Of Marketable Securities$198.2M$217.5M$26.6M$14.0M$135.3M
Proceeds From Payments For Deposit Accounting$3.3M$4.0M$11.9M$3.2M-$6.1M
Payments To Acquire Equity Securities Fv Ni$13.2M$14.1M$26.0M$53.5M$60.3M
Payments To Acquire Available For Sale Securities Debt$910.0M$617.6M$459.7M$268.8M$255.2M
Payments For Proceeds From Sale And Collection Of Securities-$11.9M-$34.0K-$76.0K-$529.0K$725.0K
Net Cash Provided By Used In Operating Activities$408.1M$305.1M$338.2M$208.9M$175.3M
Net Cash Provided By Used In Investing Activities-$366.9M-$243.7M-$493.8M-$193.4M-$183.0M
Net Cash Provided By Used In Financing Activities$411.0K-$4.2M$130.9M$2.2M$1.4M
Payments To Acquire Property Plant And Equipment$5.5M$4.2M$3.1M$2.3M$2.2M
Payments For Proceeds From Short Term Investments-$10.6M$4.8M$149.1M-$43.1M
Proceeds From Payments To Acquire Equity Method Investments$19.7M$27.5M$3.0M-$9.8M
Proceeds From Repayments Of Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock$0.00$5.6M$0.00$0.00
Payments To Acquire Held To Maturity Securities And Equity Method Investments$0.00$75.0K$1.7M$4.9M$48.1M
Proceeds From Issuance Initial Public Offering$0.00$0.00$129.6M$0.00
Share Based Compensation$12.0M$9.4M$8.5M$2.3M$522.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022
Proceeds From Sale And Maturity Of Marketable Securities$8.2M$12.1M$35.0M$33.9M
Proceeds From Payments For Deposit Accounting$1.2M$2.4M$5.0M$1.5M
Payments To Acquire Equity Securities Fv Ni$8.4M$2.0M$12.9M$25.2M
Payments To Acquire Available For Sale Securities Debt$126.8M$97.4M$72.5M$23.4M
Payments For Proceeds From Sale And Collection Of Securities$0.00$13.8M-$4.0M-$5.7M
Net Cash Provided By Used In Operating Activities$96.8M$94.3M$107.2M$45.9M
Net Cash Provided By Used In Investing Activities-$100.8M-$69.9M-$193.4M-$55.6M
Net Cash Provided By Used In Financing Activities$0.00-$9.5M$66.5M$186.0K
Payments To Acquire Property Plant And Equipment$202.0K$260.0K$614.0K$431.0K
Payments For Proceeds From Short Term Investments$33.2M$27.7M$166.2M$38.6M
Proceeds From Payments To Acquire Equity Method Investments$13.8M$10.8M$14.7M-$8.0M
Proceeds From Repayments Of Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock$0.00$328.0K$193.0K$186.0K
Payments To Acquire Held To Maturity Securities And Equity Method Investments$286.0K$2.4M
Proceeds From Issuance Initial Public Offering$0.00$66.3M$0.00
Share Based Compensation

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Weighted Average Number Of Shares Outstanding Basic40.4M40.1M36.0M16.6M16.3M
Weighted Average Number Of Diluted Shares Outstanding41.8M41.4M38.3M32.7M32.5M
Earnings Per Share Diluted$4.07$2.87$2.24$1.21$1.18
Earnings Per Share Basic$4.21$2.97$2.34$1.24$1.21
Common Stock Shares Authorized500.0M500.0M500.0M168.0M168.0M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued40.5M40.1M39.9M16.8M16.8M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022
Weighted Average Number Of Shares Outstanding Basic40.5M40.4M40.2M40.1M39.2M39.1M36.7M36.6M32.8M16.5M16.4M16.4M
Weighted Average Number Of Diluted Shares Outstanding41.9M41.9M41.7M41.4M41.2M41.1M38.4M38.1M37.0M16.5M32.7M32.4M
Earnings Per Share Diluted$1.10$0.93$1.01$0.89$0.75$0.90$0.57$0.51$0.42$-0.15$0.16$0.50
Earnings Per Share Basic$1.13$0.96$1.05$0.91$0.79$0.94$0.59$0.53$0.43$-0.15$0.16$0.52
Common Stock Shares Authorized500.0M500.0M500.0M500.0M500.0M500.0M500.0M500.0M500.0M
Common Stock Par Or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued40.5M40.5M40.4M40.1M40.1M40.0M37.7M37.7M37.7M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Premiums Earned Net$1.30B$1.06B$829.1M$616.0M$499.8M
Net Investment Income$83.6M$80.6M$40.3M$36.9M$24.6M
Insurance Commissions And Fees$6.9M$6.7M$6.1M$5.2M$4.0M
Benefits Losses And Expenses$1.20B$997.5M$775.9M$592.6M$501.9M
Other Expenses$4.2M$4.4M$5.4M$0.00
Reinsurance Recoverables On Paid And Unpaid Losses$1.12B$857.9M$857.9M$596.3M$536.3M
Other Income-$587.0K-$167.0K-$632.0K$1.0K-$445.0K
Interest Paid Net$6.1M$8.6M$10.7M$5.8M$4.7M
Undistributed Earnings Loss Allocated To Participating Securities Basic$0.00$0.00$1.7M$18.9M$18.5M
Unearned Premiums$774.0M$637.2M$552.5M$442.5M$363.3M
Prepaid Reinsurance Premiums$238.9M$203.9M$186.1M$157.6M$138.0M
Mortgage Loans On Real Estate Commercial And Consumer Net$9.9M$26.5M$50.1M$51.9M$29.5M
Additional Paid In Capital$730.6M$718.6M$710.9M$577.3M$575.2M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022
Premiums Earned Net$351.8M$295.5M$300.4M$269.6M$257.6M$236.3M$227.0M$194.3M$182.8M$158.0M$146.1M$141.7M
Net Investment Income$22.2M$18.6M$19.3M$19.5M$22.0M$18.3M$13.1M$8.6M$4.6M$6.0M$10.5M$15.1M
Insurance Commissions And Fees$1.9M$2.6M$2.0M$1.8M$2.1M$2.0M$2.1M$2.2M$1.5M$1.4M$2.1M$230.0K
Benefits Losses And Expenses$322.0M$270.1M$277.1M$254.0M$239.6M$218.0M$211.4M$185.5M$170.2M$161.2M$137.9M$132.1M
Other Expenses$4.1M$1.0M$1.1M$1.1M$1.0M$1.2M$1.5M$1.5M$1.1M$0.00$0.00$0.00
Reinsurance Recoverables On Paid And Unpaid Losses$923.4M$925.3M$903.0M$686.7M$667.8M$612.0M$615.7M$582.9M$570.5M
Other Income-$236.0K$7.0K$13.0K-$195.0K-$7.0K$0.00$0.00$0.00
Interest Paid Net$1.8M$2.7M$3.1M$1.1M
Undistributed Earnings Loss Allocated To Participating Securities Basic$0.00$0.00$0.00$0.00$1.3M$0.00$2.4M$7.8M
Unearned Premiums$885.7M$814.1M$708.3M$692.5M$711.9M$621.8M$596.0M$591.2M$501.2M
Prepaid Reinsurance Premiums$276.4M$294.1M$232.1M$237.0M$255.1M$204.6M$218.8M$267.7M$197.0M
Mortgage Loans On Real Estate Commercial And Consumer Net$10.0M$10.2M$16.0M$36.3M$43.7M$44.3M$59.3M$32.8M$42.3M
Additional Paid In Capital$727.6M$724.2M$721.2M$716.1M$713.5M$711.3M$645.3M$643.0M$641.4M

Most recent annual filing with the SEC: March 2, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.