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MARKETS / NASDAQ / SKWD
NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP

Skyward Specialty Insurance Group, Inc. SKWD

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$12.4M
▲ 16.0% YoY
$170.0M
▲ 43.1% YoY
$402.6M
▲ 33.8% YoY
In brief

What this company does

We are a growing specialty insurance company delivering commercial insurance products and solutions on a non-admitted (or E&S) and admitted basis, predominantly in the United States. We focus our business on markets that are underserved, dislocated and/or for which standard insurance coverages are insufficient or inadequate to meet the needs of businesses, including our customers and prospective customers operating in these markets. On September 2, 2025, we entered into two share purchase agreements (the "Apollo Majority SPAs") with institutional and management shareholders, respectively, of Apollo Group Holdings Limited ("Apollo") (the "Majority Sellers").

Written from the business description in Skyward Specialty Insurance Group, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 12.4M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 12.4 · Net income 170.0
80M160M20212022202320242025
Compound annual growth
+33.5%
+62.8%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1373 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 1748.0% · Net 1373.3%
500%1000%1500%20212022202320242025
ROE
FY2025 · ROE 18.9%
5%10%15%20212022202320242025

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 402.6
200M400M20212022202320242025

Total assetsUSD 4.8B
EquityUSD 1.0B
CashUSD 168.5M
Gross debtUSD 100.4M
Net debtUSD -68.1M

The company holds more cash than debt.

The 5-year record
5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021
Revenue $B0.00.00.00.00.0
Operating income $B0.20.20.10.00.0
EBITDA $B0.20.20.10.10.1
Income tax $B0.00.00.00.00.0
Net income $B0.20.10.10.00.0
Free cash flow $B0.40.30.30.20.2
EPS, diluted $4.072.872.241.211.18
Dividend / sh $·····
Payout %·····
ROE %18.916.315.99.310.5
Shares out B0.040.040.04··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 41 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2020

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