Skyward Specialty Insurance Group, Inc. (SKWD)

Skyward Specialty Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,121	1,057	829.14	615.99	499.82	431.91
Total Interest & Dividend Income	82.28	78.16	49.76	30.92	15.37	10.05
Gain (Loss) on Sale of Investments	4.79	6.26	11.07	-15.71	17.11	0.14
Other Revenue	5.94	9.06	-4	11.22	12.81	9.88
Total Revenue	1,214	1,150	885.97	642.42	545.1	451.97
Revenue Growth (YoY)	26.30%	29.82%	37.91%	17.85%	20.61%	107.10%
Policy Benefits	713.2	669.81	515.24	402.51	354.41	362.18
Policy Acquisition & Underwriting Costs	162.49	149.98	108.51	65.7	47.06	36.97
Amortization of Goodwill & Intangibles	1.96	2.01	1.8	1.55	1.52	1.39
Other Operating Expenses	170.31	166.17	140.29	116.48	91.44	82.85
Total Operating Expenses	1,048	987.97	765.84	586.23	494.43	483.39
Operating Income	165.8	162.24	120.13	56.19	50.68	-31.42
Interest Expense	-8.6	-9.5	-10.02	-6.41	-4.62	-5.53
EBT Excluding Unusual Items	157.2	152.74	110.1	49.78	46.05	-36.95
Impairment of Goodwill	-	-	-	-	-2.77	-57.58
Gain (Loss) on Sale of Assets	-	-	-	-	5.08	-
Asset Writedown	-	-	-	-	-0.05	0
Pretax Income	157.2	152.74	110.1	49.78	48.31	-94.53
Income Tax Expense	33.1	33.91	24.12	10.39	9.99	-19.89
Net Income	124.1	118.83	85.98	39.4	38.32	-74.64
Preferred Dividends & Other Adjustments	-	-	1.68	18.88	18.51	-
Net Income to Common	124.1	118.83	84.31	20.52	19.81	-74.64
Net Income Growth	15.75%	38.20%	118.26%	2.82%	-	-
Shares Outstanding (Basic)	40	40	36	17	16	16
Shares Outstanding (Diluted)	42	41	38	33	32	16
Shares Change (YoY)	5.53%	7.99%	17.35%	0.57%	100.25%	-
EPS (Basic)	3.08	2.97	2.34	1.24	1.21	-4.60
EPS (Diluted)	2.98	2.87	2.24	1.21	1.18	-4.60
EPS Growth	9.29%	27.90%	85.99%	2.23%	-	-
Free Cash Flow	303.44	300.89	335.08	206.61	173.13	42.64
Free Cash Flow Per Share	7.31	7.27	8.74	6.33	5.33	2.63
Operating Margin	13.66%	14.11%	13.56%	8.75%	9.30%	-6.95%
Profit Margin	10.22%	10.33%	9.52%	3.19%	3.63%	-16.52%
Free Cash Flow Margin	25.00%	26.16%	37.82%	32.16%	31.76%	9.43%
EBITDA	169.11	165.59	124.02	60.29	56.28	-25.43
EBITDA Margin	13.93%	14.40%	14.00%	9.38%	10.32%	-5.63%
D&A For EBITDA	3.31	3.36	3.89	4.1	5.6	5.99
EBIT	165.8	162.24	120.13	56.19	50.68	-31.42
EBIT Margin	13.66%	14.11%	13.56%	8.75%	9.30%	-6.95%
Effective Tax Rate	21.05%	22.20%	21.91%	20.87%	20.68%	-
Revenue as Reported	1,214	1,150	885.97	642.42	550.18	451.97

Updated May 1, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q