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Skyward Specialty Insurance Group Reports Third Quarter 2025 Results
HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported third
About this update from Skyward Specialty Insurance Group, Inc.
[{"type":"text","content":"HOUSTON, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported third quarter 2025 net income of $45.9 million, or $1.10 per diluted share, compared to $36.7 million, or $0.89 per diluted share, for the same 2024 period. Net income for the first nine months of 2025 was $126.8 million, or $3.03 per diluted share, compared to $104.4 million, or $2.53 per diluted share, for the same 2024 period. Adjusted operating income(1) for the third quarter of 2025 was $44.0 million, or $1.05 per diluted share, compared to $29.4 million, or $0.71 per diluted share, for the same 2024 period. Adjusted operating income(1) for the first nine months of 2025 was $118.6 million, or $2.84 per diluted share, compared to $93.4 million, or $2.26 per diluted share, for the same 2024 period. Highlights for the third quarter included: Gross written premiums of $606.5 million, an increase of 51.6% compared to 2024;Combined ratio of 89.2%;Ex-Cat combined ratio of 88.6%;Annualized return on equity of 19.3% for the nine months ended September 30, 2025; and,Book value per share of $23.75, an increase of 20% compared to December 31, 2024. (1) See “Reconciliation of Non-GAAP Financial Measures” Skyward Specialty Chairman and CEO Andrew Robinson commented, “Our third quarter results were exceptional, extending our track record of profitable growth and double-digit returns. Gross written premiums grew more than 50%, we achieved a Company-best combined ratio of 89.2% and annualized return on equity of 19.3%. Five of our nine divisions grew by more than 25% in the quarter, led by the agriculture and credit (re)insurance division. These results underscore the strength and discipline of our “Rule Our Niche” strategy and the benefits of our intentionally diversified portfolio, much of which is less exposed to P&C market cycles. Even as competition increases in parts of the market, our teams continue to respond with discipline, leaning in where returns meet our standards and stepping back where they do not.” “Our results reflect our excellent execution of our “Rule Our Niche” strategy and relentless focus on creating sustainable value. As we prepare for the expected close of the Apollo acquisition early in the new year, we remain confident in our outlook for the balance of the year and...