Quarterly ResultMay 6, 2026, 04:03 PM
Skyward Specialty Q1 Operating EPS $1.25, Combined Ratio 89.5%
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 39% to $1.25. The company achieved a combined ratio of 89.5% and saw gross written premiums grow by 9.9% to $667.7 million, driven by the accretive consolidation of Apollo and growth in key segments. Annualized operating return on equity stood at 20.3%, reflecting robust performance and strategic diversification of its portfolio.
Key Highlights
- Net income for Q1 2026 was $49.7 million, up from $42.1 million in Q1 2025.
- Operating income for Q1 2026 was $56.8 million, a 51.1% increase from $37.6 million in Q1 2025.
- Diluted operating EPS for Q1 2026 was $1.25, a 39% increase from $0.90 in Q1 2025.
- Gross written premiums increased 9.9% to $667.7 million compared to Q1 2025.
- Combined ratio improved to 89.5% in Q1 2026, from 90.5% in Q1 2025.
- Annualized operating return on equity was 20.3% for the three months ended March 31, 2026.
- Book value per share reached $27.50, a 10% increase from December 31, 2025.
- Net investment income rose by $7.6 million to $27.055 million in Q1 2026.