Skyward Specialty Insurance Q1 premiums rise 9.9%, combined ratio improves

Skyward Specialty Insurance

06/05/2026 21:11

Overview

US specialty insurer's Q1 gross written premiums rose 9.9% yr/yr

Net income and diluted EPS increased from prior year period

Combined ratio improved to 89.5% from 90.5%

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

APOLLO ACQUISITION - Consolidation of Apollo contributed to operating EPS growth and higher net investment income

PREMIUMS GROWTH - Gross written premiums rose 9.9%, led by accident & health, credit & surety, global agriculture, and specialty programs in Skyward Specialty, and syndicate 1969 in Apollo

FEE-BASED BUSINESS - Fee-generating gross written premiums increased 48.8%, supporting future fee-based earnings growth

Company press release: ID:nGNXc6nYxp

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross written premiums
$667.70 mln
Q1 EPS
$1.09
Q1 Net Income
$49.70 mln
Q1 Combined Ratio
89.50%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Skyward Specialty Insurance Group Inc is $57.50, about 30.9% above its May 5 closing price of $43.93

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)