NASDAQ$SKWD

Skyward Specialty Insurance Group Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Skyward Specialty Insurance reported Q4 2025, revenue of $216M, net income of $43.2M, diluted EPS of $1.05.

For Q4 2025, Skyward Specialty Insurance reported revenue of $216M, net income of $43.2M, diluted EPS was $1.05. The earnings release highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $216M.
  • Net income $43.2M.
  • Diluted EPS $1.05.

Headline financials

Total Revenue

$216M

Previous: $304M-29.0%
EPS (adj)

$1.05

Previous: $0.80+31.3%
Gross Written Premiums

$439M

Previous: $388M+13.2%
Net Written Premiums

$283M

Previous: $271M+4.3%
Net Investment Income

$23.5M

Previous: $20.7M+13.4%
Combined Ratio

88.5%

Previous: 95.8%-7.6%
Ex-Cat Combined Ratio

87.7%

Previous: 93.6%-6.3%
Loss Ratio

59.6%

Previous: 66.9%-10.9%
Expense Ratio

28.9%

Previous: 28.9%+0.0%
Underwriting Income

$41M

Previous: $12.2M+235.1%
Book Value Per Share

$24.92

Previous: $19.79+25.9%
Tangible Stockholders' Equity

$922M

Previous: $707M+30.4%
Net Income

$43.2M

Previous: $14.4M+199.9%
Operating Income

$54.6M

Previous: $33.2M+64.5%

Revenue & EPS history

Skyward Specialty · Revenue · Quarterly

$216M

Q4 2025-29%vs Q4 2024
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter narrative.
  • Balance sheet and liquidity support ongoing operations or returns.
  • Strategic initiatives cited in the release.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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