Skyward Specialty Q3 net income rises

Skyward Specialty Insurance

29/10/2025 20:07

Overview

Skyward Specialty Q3 net income rises to $45.9 mln, up from $36.7 mln in 2024

Gross written premiums increase 51.6% yr/yr, driven by agriculture and credit (re)insurance

Company achieves Q3 combined ratio of 89.2%, indicating improved underwriting performance

Outlook

Company expects Apollo acquisition to close early next year

Skyward Specialty confident in outlook for remainder of year

Result Drivers

PREMIUM GROWTH - Gross written premiums rose 51.6%, driven by agriculture and credit (re)insurance division

COMBINED RATIO IMPROVEMENT - Achieved a Company-best combined ratio of 89.2%, reflecting improved underwriting performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Gross written premiums
$606.50 mln
Q3 EPS
$1.10
Q3 Net Income
$45.90 mln
Q3 Adjusted Operating Income
$44 mln
Q3 Combined Ratio
89.20%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $62.00, about 27.2% above its October 28 closing price of $45.14

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNXb9lJwr

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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.)