Skyward Specialty Insurance Group, Inc.SKWD
What Skyward Specialty Insurance Group, Inc. does.
Skyward Specialty was formed as a Delaware corporation on January 3, 2006 as an insurance holding company. We operated under the name Houston International Insurance Group, Ltd. until we re-branded as Skyward Specialty in November 2020. References to “the Company,” “we,” “our,” “us” or like terms refer to the business of Skyward Specialty Insurance Group, Inc. and its subsidiaries.
We are a growing specialty insurance company delivering commercial insurance products and solutions on a non-admitted (or E&S) and admitted basis, predominantly in the United States. We focus our business on markets that are underserved, dislocated and/or for which standard insurance coverages are insufficient or inadequate to meet the needs of businesses, including our customers and prospective customers operating in these markets. Our customers typically require highly specialized, customized underwriting solutions and claims capabilities. As such, we develop and deliver tailored insurance products and services to address each of the niche markets we serve.
Our portfolio of insured risks is highly diversified—we insure customers operating in a wide variety of industries; we distribute through multiple channels; we write multiple lines of business, including general liability, excess liability, professional liability (including cyber and media liability insurance), commercial auto, group accident and health, property, agriculture, credit, surety and workers’ compensation; we insure both short and medium duration liabilities; and our business mix is principally primary insurance and balanced between E&S and admitted markets. A portion of our business is specialty reinsurance (principally property, agriculture and credit) which is similarly focused on attractive specialty classes where we believe it is more efficient to approach these classes through reinsurance given factors such as cost of entry, including the costs of geographic expansion. All of these factors enable us to respond to market opportunities and dislocations by deploying capital where we believe we can consistently earn attractive risk-adjusted returns. We believe this diversification, which includes businesses not typically aligned with traditional P&C pricing cycles, combined with our underwriting and claims expertise, will more consistently produce strong growth and profitability across all insurance pricing cycles.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $550.2M | $642.4M | $886.0M | $1.2B | $1.4B |
| Net income | — | $38.3M | $39.4M | $86.0M | $118.8M | $170.0M |
| Free cash flow | — | $173.1M | $206.6M | $335.1M | $300.9M | $402.6M |
More on SKWD.
- Skyward Specialty Insurance Group, Inc. summary
- Skyward Specialty Insurance Group, Inc. financial statements
- Skyward Specialty Insurance Group, Inc. key metrics
- Skyward Specialty Insurance Group, Inc. health scores and style box
- Skyward Specialty Insurance Group, Inc. earnings
- Skyward Specialty Insurance Group, Inc. dividends
- Skyward Specialty Insurance Group, Inc. valuation
- Skyward Specialty Insurance Group, Inc. ownership and insiders
- Skyward Specialty Insurance Group, Inc. peers
Figures from Skyward Specialty Insurance Group, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.