NASDAQ$SKWD
Skyward Specialty Insurance Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Skyward Specialty reported its fourth quarter and full-year 2024 financial results, showing increased net income and gross written premiums.
Skyward Specialty reported a net income of $14.4 million for Q4 2024, with gross written premiums increasing by 20.8% to $388.4 million. The company achieved an adjusted combined ratio of 91.6% and a book value per share of $19.79, up 18% from the previous year.
- Gross written premiums increased by 20.8% to $388.4 million in Q4 2024 compared to Q4 2023.
- Net income for Q4 2024 was $14.4 million, or $0.35 per diluted share.
- Adjusted operating income for Q4 2024 was $33.2 million, or $0.80 per diluted share.
- The adjusted combined ratio for Q4 2024 was 91.6%, including catastrophe losses of 2.2 points.
Headline financials
Revenue & EPS history
Skyward Specialty · Revenue · Quarterly
$304M
Forward guidance
The company did not provide specific forward-looking guidance in this release, but expressed confidence in its foundation for 2025 and beyond.
Tailwinds
- Continued thoughtful diversification of product portfolio.
- Strategic launch of new units including Media Liability, Life Sciences, Mortgage and Credit, and Renewable Energy.
- Focus on disciplined execution of the 'Rule Our Niche' strategy.
- Confidence in the foundation built to propel growth in 2025 and beyond.
- Strong underwriting results and premium growth expected to continue.
Headwinds
- No specific negative forward guidance was provided in the report.
- Potential impact of legislative changes at state and federal levels.
- Regulatory rule making promulgations and adjudications could affect operations.
- Class action litigation involving the insurance industry and judicial decisions affecting claims.
- Inflation in the costs of products and services insurance pays for.
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 Q4 2024
+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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