Skyward Specialty Insurance Group, Inc. (SKWD) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Skyward Specialty Insurance reported revenue of $1.42B, up 23.2% from $1.15B the year before. Net income was $170.0M (a 12.0% net margin), or $4.07 per diluted share. Gross margin was 100.0% and operating margin was 100.0%. Operating activities generated $408.1M of cash, leaving $402.6M of free cash flow. At fiscal year end, Skyward Specialty Insurance held $4.79B in total assets against $3.78B in total liabilities, including $168.5M of cash and equivalents.
Open the full interactive Skyward Specialty Insurance financials → Quarterly statements, key ratios, valuation history and price charts.
Skyward Specialty Insurance Key Stats
| Share Price | $59.62 |
|---|---|
| Market Cap | $2.72B |
| P/E Ratio | 14.6 |
| Revenue YoY Growth | +23.2% |
| 52-Week Range | $41.26 – $65.63 |
| Shares Outstanding | 44.5 million (basic, 2026 Q2) |
Skyward Specialty Insurance Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $642.4M | $886.0M | $1.15B | $1.42B |
| Cost of Goods Sold | $0 | $0 | $0 | $0 |
| Gross Profit | $642.4M | $886.0M | $1.15B | $1.42B |
| Operating Income | $642.4M | $886.0M | $1.15B | $1.42B |
| Pre-Tax Income | $49.8M | $110.1M | $152.7M | $216.4M |
| Income Tax | $10.4M | $24.1M | $33.9M | $46.4M |
| Net Income | $39.4M | $86.0M | $118.8M | $170.0M |
| Diluted EPS | $1.21 | $2.24 | $2.87 | $4.07 |
Skyward Specialty Insurance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $382.5M | $385.6M | $475.9M | $489.5M |
| Net Income | $45.9M | $43.2M | $49.7M | $49.0M |
| Diluted EPS | $1.10 | $1.03 | $1.09 | $1.07 |
Skyward Specialty Insurance Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $45.4M | $65.9M | $121.6M | $168.5M |
| Total Assets | $2.36B | $2.95B | $3.73B | $4.79B |
| Total Long-Term Debt | $128.6M | $128.7M | $100.0M | $100.4M |
| Total Liabilities | $1.94B | $2.29B | $2.94B | $3.78B |
| Shareholders' Equity | $421.7M | $661.0M | $794.0M | $1.01B |
Skyward Specialty Insurance Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | $208.9M | $338.2M | $305.1M | $408.1M |
| Cash From Investing | -$193.4M | -$493.8M | -$243.7M | -$366.9M |
| Cash From Financing | $2.2M | $130.9M | -$4.2M | $411,000 |
| Free Cash Flow | $206.6M | $335.1M | $300.9M | $402.6M |
Figures from Skyward Specialty Insurance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Skyward Specialty Insurance financials page for every line item.
Skyward Specialty Insurance Company Profile
| Ticker | SKWD |
|---|---|
| Exchange | Nasdaq |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Houston, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001519449 |
Frequently Asked Questions
What was Skyward Specialty Insurance's revenue in fiscal 2025?
Skyward Specialty Insurance (SKWD) reported revenue of $1.42B for fiscal 2025.
What is Skyward Specialty Insurance's annual revenue history?
Skyward Specialty Insurance's annual revenue by fiscal year: 2022: $642.4M; 2023: $886.0M; 2024: $1.15B; 2025: $1.42B.
What was Skyward Specialty Insurance's net income in fiscal 2025?
Skyward Specialty Insurance reported net income of $170.0M for fiscal 2025.
What was Skyward Specialty Insurance's earnings per share (EPS) in fiscal 2025?
Skyward Specialty Insurance's diluted EPS was $4.07 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Skyward Specialty Insurance generate in fiscal 2025?
Skyward Specialty Insurance generated $402.6M of free cash flow in fiscal 2025.
What was Skyward Specialty Insurance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Skyward Specialty Insurance reported revenue of $489.5M.
How much debt does Skyward Specialty Insurance have?
Skyward Specialty Insurance reported $100.4M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Skyward Specialty Insurance are outstanding?
Skyward Specialty Insurance reported a weighted average of 44.5 million basic shares outstanding in 2026 Q2.
What is Skyward Specialty Insurance's market cap?
Based on its latest closing price, Skyward Specialty Insurance (SKWD) has a market capitalization of about $2.72B.
When does Skyward Specialty Insurance's fiscal year end?
Skyward Specialty Insurance's fiscal year end, as registered with the SEC, is December 31.
Where is Skyward Specialty Insurance headquartered?
Skyward Specialty Insurance lists its business address in Houston, Texas in its SEC filings.