Skyward Specialty Insurance Group, Inc. (SKWD)

Skyward Specialty Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2013
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2013
Investments in Debt Securities	1,397	1,061	660.04	505.47	343.39	401.72
Investments in Equity & Preferred Securities	226.83	192.88	206.96	201.48	124.47	27.23
Other Investments	230.16	310.1	163.51	212.89	292.18	42.44
Total Investments	1,890	1,614	1,082	949.36	765.28	471.38
Cash & Equivalents	105.57	65.89	45.44	42.11	63.46	77.18
Reinsurance Recoverable	923.69	782.46	739	719.3	724.41	212.07
Other Receivables	327.18	179.24	139.22	112.16	114.3	50.3
Deferred Policy Acquisition Cost	119.91	91.96	68.94	59.46	53.52	24.96
Property, Plant & Equipment	-	13.98	16.89	20.16	22.63	11.09
Goodwill	-	65.73	65.73	65.73	64.05	22.56
Other Intangible Assets	87.61	22.7	24.14	25.6	19.96	24.57
Restricted Cash	45.78	34.45	79.57	65.17	50.17	15.05
Long-Term Deferred Tax Assets	18.5	21.99	36.19	33.66	41.52	17.05
Other Long-Term Assets	80.55	61.37	65.96	25.5	29.34	8.37
Total Assets	3,599	2,953	2,363	2,118	1,949	934.56
Accounts Payable	73	45.65	39.88	29.84	28.63	-
Accrued Expenses	-	-	-	-	-	34.93
Insurance & Annuity Liabilities	1,569	1,315	1,142	979.55	856.78	376.49
Unearned Premiums	737.44	589.59	472.36	393.79	378.38	225.07
Reinsurance Payable	200.97	150.16	113.7	119.92	124.13	-
Long-Term Debt	118.96	128.69	128.61	128.53	128.45	99.79
Long-Term Leases	-	5.23	8.62	10.92	11.59	-
Other Long-Term Liabilities	102.22	58.59	36.86	29.59	27.16	0
Total Liabilities	2,801	2,292	1,942	1,692	1,555	736.28
Preferred Stock, Convertible	-	-	0.02	0.02	90.3	-
Common Stock	0.4	0.4	0.17	0.17	0.17	0.31
Additional Paid-In Capital	716.1	710.86	577.29	575.16	476.48	376.2
Retained Earnings	82.71	-21.71	-105.42	-144.81	-183.13	-174.98
Treasury Stock	-	-	-0	-0	-0	-
Comprehensive Income & Other	-1.7	-28.52	-50.4	-4.45	9.71	-3.25
Total Common Equity	797.51	661.03	421.64	426.06	303.22	198.28
Shareholders' Equity	797.51	661.03	421.66	426.08	393.53	198.28
Total Liabilities & Equity	3,599	2,953	2,363	2,118	1,949	934.56
Filing Date Shares Outstanding	40.1	40	37.66	16.53	16.21	-
Total Common Shares Outstanding	40.1	39.86	16.6	16.53	16.21	-
Total Debt	118.96	133.92	137.23	139.45	140.04	99.79
Net Cash (Debt)	-13.38	-68.03	-91.79	-97.34	-76.59	-22.61
Net Cash Per Share	-0.33	-1.78	-2.81	-3.00	-4.72	-
Book Value Per Share	19.89	16.58	25.40	25.77	18.70	-
Tangible Book Value	709.9	572.6	331.77	334.72	219.21	151.16
Tangible Book Value Per Share	17.70	14.36	19.99	20.25	13.52	-
Machinery	-	5.03	7.23	7.48	29.3	-
Leasehold Improvements	-	1.89	2.67	2.76	2.78	-

Source: S&P Capital IQ. Insurance template. Financial Sources.