NASDAQ$SKWD
Skyward Specialty Insurance Group Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported net income of $15.6 million and adjusted operating income of $15.5 million.
Skyward Specialty Insurance Group reported a strong first quarter in 2023, marked by a 27.5% increase in gross written premiums and a combined ratio of 90.2%. The company's underwriting income rose to $17.8 million, driven by growth in transactional E&S, global property and agriculture, professional lines, surety, and captives underwriting divisions, despite a high industry catastrophe quarter.
- Gross written premiums increased 27.5%.
- Underwriting income of $17.8 million compared to $11.4 million for the first quarter of 2022.
- Combined ratio of 90.2% compared to 91.9% for the first quarter of 2022.
- Current accident year non-cat loss and LAE ratio of 61.1% compared to 63.5% for the first quarter of 2022.
Headline financials
Revenue & EPS history
Skyward Specialty · Revenue · Quarterly
$190M
Forward guidance
Skyward Specialty is well positioned to continue to deliver value to its shareholders and business partners throughout 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2023
+1.8%
Avg return
Earnings day
+3.7%
Avg return
5 days after
+6.9%
Avg return
30 days after
65%
11 / 17 earnings
Positive
+9.5%
Q1 2023
Best reaction
-4.5%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -1.5% | +4.7% | |
| Q4 2025 | -4.5% | -1.5% | -8.3% | |
| Q3 2025 | +1.5% | +1.9% | +8.8% | |
| Q1 2025 | +9.2% | +9.9% | +18.3% | |
| Q4 2024 | -0.8% | +5.3% | +2.3% | |
| Q3 2024 | -3.0% | -4.7% | +17.1% | |
| Q2 2024 | -3.6% | -8.5% | +2.0% | |
| Q1 2024 | +2.4% | +7.7% | +6.9% | |
| Q4 2023 | +0.0% | +3.5% | +7.8% | |
| Q3 2022 | -1.5% | +3.8% | +6.4% | |
| Q3 2023 | +9.3% | +9.3% | +17.4% | |
| Q2 2023 | +2.1% | +3.8% | -0.9% | |
| Q1 2022 | +2.5% | +1.2% | +0.0% | |
| Q1 2023 | +9.5% | +12.2% | +10.9% | |
| Q2 2022 | +4.1% | +8.1% | +6.6% | |
| Q4 2021 | +4.1% | +8.1% | +6.6% | |
| Q4 2022 | +1.2% | +4.9% | +11.5% | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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