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Skyward Specialty Insurance Group Reports Second Quarter 2025 Results
HOUSTON, July 30, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported second
About this update from Skyward Specialty Insurance Group, Inc.
[{"type":"text","content":"HOUSTON, July 30, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported second quarter 2025 net income of $38.8 million, or $0.93 per diluted share, compared to $31.0 million, or $0.75 per diluted share, for the same 2024 period. Net income for the first half of 2025 was $80.9 million, or $1.94 per diluted share, compared to $67.8 million, or $1.65 per diluted share, for the same 2024 period. Adjusted operating income(1) for the second quarter of 2025 was $37.1 million, or $0.89 per diluted share, compared to $33.0 million, or $0.80 per diluted share, for the same 2024 period. Adjusted operating income(1) for the first half of 2025 was $74.5 million, or $1.78 per diluted share, compared to $63.9 million, or $1.56 per diluted share, for the same 2024 period. Highlights for the second quarter included: Gross written premiums of $584.9 million, an increase of 17.9% compared to 2024;Combined ratio of 89.4%;Ex-Cat combined ratio of 88.0%;Annualized return on equity of 19.1% for the six months ended June 30, 2025; and,Book value per share of $22.23, an increase of 12% compared to December 31, 2024. (1) See \"Reconciliation of Non-GAAP Financial Measures\" Skyward Specialty Chairman and CEO Andrew Robinson commented, \"Our results for the second quarter and for the first half of the year have been outstanding and reflect the strength of our specialized underwriting and claims capabilities, and our execution excellence. In an increasingly challenging market environment, our 18% growth for the second quarter and best ever 89.4% combined ratio are again a demonstration of the power of our portfolio diversity and our ability to deploy capital to attractive markets that enable us to grow underwriting profitability while managing our volatility. As market conditions continue to evolve, we are confident that the disciplined execution of our \"Rule Our Niche\" strategy will enable us to continue to deliver top quartile returns to our shareholders.\" Results of Operations Underwriting Results Premiums ($ in thousands)Three months ended June 30, Six months ended June 30,unaudited2025 2024 %Change 2025 2024 %ChangeGross written premiums$ 584,914 $496,243 17.9% $ 1,120,240 $954,863 17.3%Ceded written premiums$ (245,701) $(199,114) 23.4% $ (437,756) $(370,634) 18.1%Net ...