Skyward Specialty Insurance Group Past Earnings Performance
Past criteria checks 4/6
Skyward Specialty Insurance Group has been growing earnings at an average annual rate of 46.3%, while the Insurance industry saw earnings growing at 14.7% annually. Revenues have been growing at an average rate of 25.2% per year. Skyward Specialty Insurance Group's return on equity is 14.8%, and it has net margins of 10.8%.
Key information
46.29%
Earnings growth rate
32.45%
EPS growth rate
| Insurance Industry Growth | 8.02% |
| Revenue growth rate | 25.21% |
| Return on equity | 14.82% |
| Net Margin | 10.84% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • Aug 21
SKWD: Specialty Shift And Buybacks Will Support Resilience Through Softer Market Cycle
Analysts have raised their price targets on Skyward Specialty Insurance Group to a range of $65 to $72, supporting a higher fair value estimate of about $70.55, in response to the company’s recent growth and margin performance and its focus on higher growth specialty lines while trimming lower profit business. Analyst Commentary Recent research on Skyward Specialty Insurance Group points to renewed attention on how the company is executing its specialty focus, managing pricing conditions, and converting that into earnings quality and valuation support.Narrative Update • Aug 07
SKWD: Specialty Focus And Buybacks Will Shape Resilience In Softer Pricing Cycles
Analysts have lifted their average price target on Skyward Specialty Insurance Group from $63.50 to about $66.64, citing recent target hikes into the $65 to $72 range and research that highlights its focus on higher growth specialty lines and potential resilience as pricing softens across parts of the insurance market. Analyst Commentary Recent research on Skyward Specialty Insurance Group has focused on how the company is positioned as pricing conditions change across commercial lines.
Narrative Update • Jun 23
SKWD: Apollo Integration And Fee-Based Portfolio Will Drive Future Earnings Profile
Analysts have adjusted their price targets on Skyward Specialty Insurance Group, with recent changes in revenue growth, profit margin and future P/E assumptions supporting a revised fair value estimate that now suggests a refined outlook of about $78 per share. Analyst Commentary Recent Street research on Skyward Specialty Insurance Group highlights a generally constructive stance, with analysts pointing to the company’s positioning in specialty commercial lines, its product breadth, and management approach as key supports for the current valuation framework.Analysis Article • Jun 18
Skyward Specialty Insurance Group (SKWD) Stock Could Be 20.5% Undervalued After Apollo Acquisition
Skyward Specialty Insurance Group (SKWD) is drawing fresh attention after acquiring Apollo Group Holdings, a move that broadens its specialty insurance offerings and sharpens its focus on niche, underserved commercial markets. See our latest analysis for Skyward Specialty Insurance Group. Skyward Specialty Insurance Group’s recent Apollo deal comes on the back of firm price momentum, with a 90 day share price return of 21.95% and a 30 day share price return of 5.56%. However, the 1 year total...Seeking Alpha • Jun 10
Skyward Specialty: A Good Combination Of Value And Growth Following Its De-Rating
Summary Skyward Specialty Insurance Group has enhanced its investment case with the strategic Apollo acquisition, expanding specialty lines and diversifying income streams. SKWD's Q1 2026 results exceeded expectations, with net written premiums up 43% and a strong combined ratio of 89.5%, reflecting resilient underwriting performance. The Apollo deal shifts SKWD's income mix toward more recurring fee-based revenue, reducing exposure to loss events and supporting long-term earnings stability. Despite robust profitability (ROE ~18%), SKWD trades at a discount to peers at 1.7x book, presenting a compelling value and growth opportunity in the P&C sector. Read the full article on Seeking AlphaNarrative Update • Jun 06
SKWD: Apollo Acquisition And Specialty Focus Will Shape Future Earnings Profile
Analysts have adjusted the price target on Skyward Specialty Insurance Group by $2.02, reflecting updated views on its fair value, discount rate, revenue growth, profit margin and future P/E after recent mixed price target changes from the Street. Analyst Commentary Recent Street research on Skyward Specialty Insurance Group reflects a mix of views on valuation, but there are clear pockets of optimism where bullish analysts are leaning into the stock's execution and potential.
Narrative Update • May 01
SKWD: Soft Market Repricing Will Test Power Expansion And Margin Resilience
Analysts have maintained their fair value estimate for Skyward Specialty Insurance Group at $49.00. This reflects recent mixed price target revisions and a view that modestly higher revenue growth and a slightly lower future P/E are offset by a marginally softer profit margin outlook.Narrative Update • Apr 17
SKWD: Soft Market Repricing Will Test Niche Expansion And ROE Story
Analysts have reduced their consolidated price target for Skyward Specialty Insurance Group by $5 to $55, reflecting a more conservative stance on valuation in a soft market. They still highlight solid growth and return on equity as key supports for the investment case.Narrative Update • Apr 03
SKWD: Apollo Acquisition And Niche Expansion Will Shape Soft Market Upside
The analyst fair value estimate for Skyward Specialty Insurance Group has moved from $45.00 to $49.00 as analysts factor in updated price targets in the $55 to $70 range, citing the company's business mix, recent acquisition of Apollo Group Holdings, and views on growth, return on equity, and valuation in a soft property and casualty market. Analyst Commentary Recent research updates on Skyward Specialty Insurance Group show a mix of optimism and caution, with targets clustered between $55 and $70.Narrative Update • Mar 20
SKWD: Apollo Deal And Niche Expansion Will Shape Soft Market Tradeoff
Analysts have reduced the fair value estimate for Skyward Specialty Insurance Group to $45.00 from $49.00, reflecting slightly more conservative assumptions on growth and profitability, even as recent Street price targets cluster in a higher $55.00 to $70.00 range. Analyst Commentary Street research on Skyward Specialty Insurance Group has recently centered on how to balance the company’s growth profile with a more cautious stance on valuation in a softer property and casualty market.Narrative Update • Mar 04
SKWD: Apollo Acquisition And Niche Expansion Will Reshape Future Earnings Power
Analyst price targets for Skyward Specialty Insurance Group currently cluster in a wide range from $55 to $70, and our fair value estimate edges slightly lower to about $79.93 as analysts factor in more moderate revenue growth, a marginally softer profit margin outlook, and a higher assumed future P/E multiple. Analyst Commentary Recent research on Skyward Specialty Insurance Group shows a generally constructive tone, even as price targets span a wide range.Narrative Update • Feb 17
SKWD: Apollo Acquisition Will Reshape Earnings Power In Specialty Insurance
Analysts have raised their fair value estimate for Skyward Specialty Insurance Group from $70.00 to $80.00, reflecting updated assumptions on revenue growth, profitability, P/E expectations, and recent Street research that highlights an attractive business mix and potential upside from the Apollo Group Holdings acquisition. Analyst Commentary Bullish analysts are leaning into a more constructive view on Skyward Specialty Insurance Group, pointing to an attractive business mix and the potential contribution from the Apollo Group Holdings acquisition as key supports for higher fair value assumptions.Narrative Update • Feb 03
SKWD: Apollo Deal And Niche Lines Will Shape Future Risk Balance
Analysts have nudged their price targets for Skyward Specialty Insurance Group higher by a few dollars per share, citing the company's business mix and the expected contribution from the Apollo Group Holdings acquisition as key supports for their updated view. Analyst Commentary Recent Street research has highlighted a generally constructive view on Skyward Specialty Insurance Group, with attention on the company’s business mix and the planned contribution from Apollo Group Holdings.Narrative Update • Jan 20
SKWD: Apollo Deal And Niche Expansion Will Frame Balanced Risk Profile
Analysts have nudged their price expectations for Skyward Specialty Insurance higher, pointing to a refreshed blended target in the low to mid US$60s. They highlight the company’s business mix and recent Apollo Group acquisition, along with updated views on growth, margins and forward P/E assumptions.Narrative Update • Jan 06
SKWD: Underwriting Execution And Lower Catastrophe Losses Will Support Upside
Analysts have raised their price target for Skyward Specialty Insurance Group from US$61.00 to US$63.50, citing stronger than anticipated top-line performance, solid underwriting outcomes, and lower catastrophe losses as the main factors supporting the revised outlook. Analyst Commentary Analysts are updating their views on Skyward Specialty Insurance Group following the latest quarterly results, focusing on how recent execution could influence valuation and future growth expectations.Narrative Update • Dec 15
SKWD: Apollo Acquisition And Niche Expansion Will Shape Balanced Risk Reward
Analysts have raised their price target on Skyward Specialty Insurance Group to $49.00 from $43.68, citing stronger than expected top line growth, resilient underwriting performance, and an enhanced competitive position supported by favorable peer valuation comparisons and the pending Apollo Group acquisition. Analyst Commentary Recent Street research reflects a generally positive fundamental view on Skyward Specialty Insurance Group, with analysts highlighting faster than expected premium growth, solid underwriting discipline, and the strategic benefits of the pending Apollo Group acquisition.Seeking Alpha • Apr 08
Skyward Specialty: A Company With A Niche Strategy
Summary Skyward Specialty's execution of the "Rule Our Niche" strategy has been working with 19% growth in GWP. The company has had over 9 upward revisions in the last 90 days. The company has had a taste of 3 catastrophic losses in 2024, and they managed these losses well. Skywest uses technology and advanced analytics in pricing their premium rates. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Skyward Specialty Doesn't Offer Much Upside Right Now
Summary Skyward Specialty Insurance Group, Inc. trades at a premium to its historical valuation and peers, and does not distribute dividends, making it less attractive for long-term investors. The company focuses on specialty Property & Casualty insurance lines underserved by traditional carriers, leveraging technology for competitive advantage. Despite strong growth in gross written premiums, Skyward's combined ratio remains at 91%, indicating room for improvement in underwriting profitability. SKWD stock's valuation at 2.5x book value is fair compared to peers, but current pricing offers limited value for long-term investors without a pullback. Read the full article on Seeking AlphaSeeking Alpha • Nov 25
Skyward Specialty: Strong Long-Term Growth Potential Worth Adding To My Watchlist
Summary Skyward Specialty Insurance is highly profitable with strong income growth, driven by its focus on niche commercial markets like renewable energy and other under-served sectors. Lower interest rates can support Skyward Specialty Insurance by reducing borrowing costs, enhancing investment income, and potentially increasing demand. The recent spike in stock price gives me reason to wait for a more favorable buying opportunity. Read the full article on Seeking AlphaSeeking Alpha • Nov 14
Skyward Specialty Shows Solid Growth
Summary Skyward Specialty Insurance Group has shown good financial performance, with increasing gross premiums, investment income, and net income, despite impacts from hurricanes. The combined ratio remains stable and better than the industry average but needs monitoring for future trends. Skyward's balance sheet is conservatively managed, with a focus on high-quality fixed income securities, minimizing investment risk. Despite a substantial share price increase, Skyward is a solid investment with growth potential, justified by sound financials, strategic use of technology and experienced management. Read the full article on Seeking Alpha
New Narrative • Sep 13
Tactical Moves And Diversified Portfolio Propel Underwriting Profitability And Financial Health
Diversifying underwriting divisions under the Rule our Niche strategy significantly boosts revenue growth and net margins by achieving top quartile underwriting profitability.Analysis Article • Jul 17
Here's Why We Think Skyward Specialty Insurance Group (NASDAQ:SKWD) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • May 05
Skyward Specialty Insurance Group, Inc. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next
Skyward Specialty Insurance Group, Inc. ( NASDAQ:SKWD ) defied analyst predictions to release its quarterly results...Analysis Article • Apr 29
Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Not Lagging Market On Growth Or Pricing
With a median price-to-earnings (or "P/E") ratio of close to 17x in the United States, you could be forgiven for...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Skyward Specialty Insurance Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 1,734 | 188 | 9 | 0 |
| 31 Mar 26 | 1,564 | 178 | 4 | 0 |
| 31 Dec 25 | 1,417 | 170 | 0 | 0 |
| 30 Sep 25 | 1,335 | 141 | 0 | 0 |
| 30 Jun 25 | 1,254 | 132 | 0 | 0 |
| 31 Mar 25 | 1,214 | 124 | 0 | 0 |
| 31 Dec 24 | 1,150 | 119 | 0 | 0 |
| 30 Sep 24 | 1,092 | 134 | 0 | 0 |
| 30 Jun 24 | 1,030 | 118 | 0 | 0 |
| 31 Mar 24 | 961 | 107 | 0 | 0 |
| 31 Dec 23 | 886 | 84 | 0 | 0 |
| 30 Sep 23 | 827 | 66 | 0 | 0 |
| 30 Jun 23 | 746 | 42 | 0 | 0 |
| 31 Mar 23 | 680 | 26 | 0 | 0 |
| 31 Dec 22 | 642 | 21 | 0 | 0 |
| 30 Sep 22 | 601 | 11 | 0 | 0 |
| 30 Jun 22 | 580 | 18 | 0 | 0 |
| 31 Mar 22 | 568 | 21 | 0 | 0 |
| 31 Dec 21 | 545 | 20 | 0 | 0 |
| 31 Dec 20 | 452 | -75 | 0 | 0 |
Quality Earnings: SKWD has high quality earnings.
Growing Profit Margin: SKWD's current net profit margins (10.8%) are higher than last year (10.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SKWD has become profitable over the past 5 years, growing earnings by 46.3% per year.
Accelerating Growth: SKWD's earnings growth over the past year (42.4%) is below its 5-year average (46.3% per year).
Earnings vs Industry: SKWD earnings growth over the past year (42.4%) exceeded the Insurance industry 28.1%.
Return on Equity
High ROE: SKWD's Return on Equity (14.8%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/24 07:45 |
| End of Day Share Price | 2026/08/21 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Skyward Specialty Insurance Group, Inc. is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Taylor Scott | Barclays |
| Tracy Dolin-Benguigui | Barclays |
| Michael Zaremski | BMO Capital Markets Equity Research |