Skyward Specialty Q2 operating EPS rises on premium growth

Skyward Specialty Insurance

04/08/2026 21:23

Overview
US specialty insurer's Q2 gross written premiums rose 13% yr/yr
Diluted operating EPS for Q2 increased 46% yr/yr
Company expanded share repurchase authorization to $100 mln and repurchased $9.7 mln in Q2

Outlook
Company did not provide specific guidance for the current qtr or full yr

Result Drivers
PREMIUM GROWTH MIX - Premium growth driven by accident & health, global agriculture, and specialty programs, offset by declines in energy solutions and captives
LOSS RATIO SHIFT - Higher loss ratio attributed to business mix shift from growth in accident & health and global agriculture divisions
EXPENSE RATIO IMPROVEMENT - Expense ratio improved due to business mix shift, operating efficiencies, and scale benefits as net earned premiums outpaced expense growth

Company press release: ID:nGNX8JW5Sk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross written premiums
 
$740.55 mln
 
Q2 Combined Ratio
 
89.50%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "hold."
Wall Street's median 12-month price target for Skyward Specialty Insurance Group Inc is $67.00, about 10.1% above its August 3 closing price of $60.87
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 3 - American Family to buy remaining stake in specialty insurer Bowhead in $1.2 billion deal
Aug 3 - United Fire Group Q2 net income rises 45%, premiums up
Aug 3 - EverQuote Q2 revenue beats estimates on auto, home insurance demand

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(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.)