Skyward Specialty Insurance Group, Inc. (SKWD)
NASDAQ: SKWD · Real-Time Price · USD
58.65
+1.08 (1.87%)
Aug 18, 2026, 1:28 PM EDT - Market open
Skyward Specialty Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 187.9 | 170.03 | 118.83 | 85.98 | 39.4 | 38.32 |
Depreciation & Amortization | 20.51 | 3.54 | 3.36 | 3.89 | 4.1 | 5.6 |
Gain (Loss) on Sale of Assets | - | - | - | - | - | -5.08 |
Gain (Loss) on Sale of Investments | -22.15 | -22.15 | -6.34 | -11.05 | 15.71 | -17.11 |
Stock-Based Compensation | 11.96 | 11.96 | 9.4 | 8.53 | 2.29 | 0.52 |
Change in Accounts Receivable | -222.58 | -222.58 | -142.41 | -40.02 | -27.06 | 1.88 |
Reinsurance Recoverable | -159.19 | -159.19 | -234.63 | 19.19 | -51.26 | -3.14 |
Change in Accounts Payable | 37.03 | 37.03 | 19.18 | 2.29 | 7.58 | 1.15 |
Change in Unearned Revenue | 136.85 | 136.85 | 84.65 | 110.02 | 79.22 | 20.77 |
Change in Income Taxes | 1.8 | 1.8 | 4.5 | -1.89 | - | - |
Change in Insurance Reserves / Liabilities | 536.51 | 536.51 | 467.88 | 172.74 | 162.21 | 124.27 |
Change in Other Net Operating Assets | -3.69 | -3.69 | 29.67 | 0.46 | -13.05 | 5.98 |
Other Operating Activities | -94.74 | -59.12 | -27.75 | 11.07 | -0.71 | 5.2 |
Operating Cash Flow | 407.3 | 408.08 | 305.12 | 338.19 | 208.94 | 175.29 |
Operating Cash Flow Growth | 8.66% | 33.75% | -9.78% | 61.86% | 19.20% | 292.06% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -5.13 | -5.45 | -4.22 | -3.11 | -2.33 | -2.15 |
Purchase / Sale of Intangible Assets | -2 | -2 | - | -0.05 | - | - |
Cash Acquisitions | -301.04 | - | - | - | - | -10.55 |
Investment in Securities | -257.66 | -394.3 | -270.95 | -505.62 | -185.02 | -155.66 |
Other Investing Activities | -23.79 | 15.18 | 4 | 11.99 | 3.73 | -6.76 |
Investing Cash Flow | -580.22 | -366.9 | -243.69 | -493.81 | -193.38 | -183.01 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 43.41 | 107 | 50 | - | - |
Total Debt Repaid | -93 | -43 | -116.79 | -50 | - | - |
Net Debt Issued (Repaid) | 321.5 | 0.41 | -9.79 | - | - | - |
Issuance of Common Stock | 0.2 | - | 5.56 | 130.95 | 2.18 | 1.38 |
Repurchases of Common Stock | -19.43 | - | - | - | - | - |
Financing Cash Flow | 302.27 | 0.41 | -4.23 | 130.95 | 2.18 | 1.38 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 129.36 | 41.59 | 57.19 | -24.68 | 17.74 | -6.35 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 402.17 | 402.62 | 300.89 | 335.08 | 206.61 | 173.13 |
Free Cash Flow Growth | 8.08% | 33.81% | -10.20% | 62.18% | 19.34% | 306.06% |
Free Cash Flow Margin | 23.20% | 28.42% | 26.16% | 37.82% | 32.16% | 31.76% |
Free Cash Flow Per Share | 9.21 | 9.63 | 7.27 | 8.74 | 6.33 | 5.33 |
Levered Free Cash Flow | -592.2 | -67.06 | -178.42 | 50.12 | 99.52 | 109.11 |
Unlevered Free Cash Flow | -579.23 | -62.11 | -172.48 | 56.39 | 103.52 | 111.99 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 16.93 | 6.15 | 8.57 | 10.67 | 5.76 | 4.67 |
Cash Income Tax Paid | 60.99 | 50.99 | 37 | 15.8 | - | - |
Change in Working Capital | 303.82 | 303.82 | 207.62 | 239.78 | 148.17 | 144.93 |