Quarterly ResultMay 6, 2026, 04:17 PM
Skyward Specialty Q1 Net Income $49.7M; Operating EPS $1.25
AI Summary
Skyward Specialty Insurance Group reported strong first-quarter 2026 results, with net income increasing to $49.7 million and diluted operating EPS rising to $1.25. The company saw significant growth in gross written premiums and managed premiums, driven by the accretive consolidation of Apollo and strong performance across its segments. Skyward Group also introduced new operating segments: Skyward Specialty, Apollo, and a corporate unit.
Key Highlights
- Net income for Q1 2026 was $49.7 million, or $1.09 per diluted share, up from $42.1 million in Q1 2025.
- Operating income for Q1 2026 increased to $56.8 million, or $1.25 per diluted share, from $37.6 million in Q1 2025.
- Gross written premiums rose 9.9% to $667.7 million compared to pro forma 2025.
- Managed premiums increased 19.6% to $967.7 million compared to pro forma 2025.
- The combined ratio was 89.5%, with an ex-cat combined ratio of 87.7%.
- Annualized operating return on equity was 20.3% for the three months ended March 31, 2026.
- Book value per share grew 10% to $27.50 compared to December 31, 2025.
- Net investment income increased by $7.6 million to $27.055 million.
Price Impact
More from SKWD