Skyward Specialty Insurance Group, Inc. (SKWD)

Skyward Specialty Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Investments in Debt Securities	1,889	1,331	1,061	660.04	505.47
Investments in Equity & Preferred Securities	78.54	204.85	228.9	206.96	201.48
Other Investments	322.95	308.11	274.08	163.51	212.89
Total Investments	2,301	1,871	1,614	1,082	949.36
Cash & Equivalents	168.54	121.6	65.89	45.44	42.11
Reinsurance Recoverable	1,359	1,062	782.46	739	719.3
Other Receivables	544.22	321.64	179.24	139.22	112.16
Deferred Policy Acquisition Cost	136.1	113.18	91.96	68.94	59.46
Property, Plant & Equipment	-	15.31	13.98	16.89	20.16
Goodwill	-	65.73	65.73	65.73	65.73
Other Intangible Assets	88.04	21.61	22.7	24.14	25.6
Restricted Cash	30.57	35.92	34.45	79.57	65.17
Long-Term Deferred Tax Assets	27.87	30.49	21.99	36.19	33.66
Other Long-Term Assets	137.17	71.38	61.37	65.96	25.5
Total Assets	4,792	3,729	2,953	2,363	2,118
Accounts Payable	115.03	72.99	45.65	39.88	29.84
Insurance & Annuity Liabilities	2,319	1,782	1,315	1,142	979.55
Unearned Premiums	820.49	677.62	589.59	472.36	393.79
Reinsurance Payable	279.89	177.07	150.16	113.7	119.92
Long-Term Debt	119.98	119.54	128.69	128.61	128.53
Long-Term Leases	-	3.21	5.23	8.62	10.92
Other Long-Term Liabilities	128	102.67	58.59	36.86	29.59
Total Liabilities	3,782	2,935	2,292	1,942	1,692
Preferred Stock, Convertible	-	-	-	0.02	0.02
Common Stock	0.41	0.4	0.4	0.17	0.17
Additional Paid-In Capital	730.56	718.6	710.86	577.29	575.16
Retained Earnings	267.15	97.12	-21.71	-105.42	-144.81
Treasury Stock	-	-	-	-0	-0
Comprehensive Income & Other	11.46	-22.12	-28.52	-50.4	-4.45
Total Common Equity	1,010	794	661.03	421.64	426.06
Shareholders' Equity	1,010	794	661.03	421.66	426.08
Total Liabilities & Equity	4,792	3,729	2,953	2,363	2,118
Filing Date Shares Outstanding	40.51	40.13	40	37.66	16.53
Total Common Shares Outstanding	40.51	40.13	39.86	16.6	16.53
Total Debt	119.98	122.75	133.92	137.23	139.45
Net Cash (Debt)	48.56	-1.15	-68.03	-91.79	-97.34
Net Cash Per Share	1.16	-0.03	-1.78	-2.81	-3.00
Book Value Per Share	24.92	19.79	16.58	25.40	25.77
Tangible Book Value	921.53	706.65	572.6	331.77	334.72
Tangible Book Value Per Share	22.75	17.61	14.36	19.99	20.25
Machinery	-	4.51	5.03	7.23	7.48
Leasehold Improvements	-	3.06	1.89	2.67	2.76

Updated Feb 23, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q