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Skyward Specialty Insurance Group, Inc.

SKWD Financial Insurance Property & Casualty

Skyward Specialty Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 23.2% from fiscal 2024. In the quarter to June 2026, revenue grew 53.0%, EPS grew 14.6%, free cash flow fell 23.6% and total debt rose 317.6%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

61.06 0.88 +1.46%
Market cap
$2.7B
P/E
13.8×
Fwd P/E
10.3×
Dividend yield
—
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.53
Total sells 0.97
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 3 1 — 1 — — — — —
Sell — 3 — 1 — — 1 1 — — — —
Insider Ownership 8.78%

Capital & Financial Ratios $m

Market Cap 2,670.00
Revenue 1,733.51
Net Income 187.90
Free Cash Flow 402.17
Net Debt 115.10
Current Ratio 0.52
Debt/Equity 0.33
P/E ratio 13.81
Fwd P/E 10.30
P/S ratio 1.57
P/B ratio 2.14
Past 5Y EPS Growth —
This Y EPS Growth 25.63% (at or above 15%: strong)
Next Y EPS Growth 9.94%
Next Y revenue growth 39.35% (at or above 10%: strong)
Next 5Y EPS Growth 15.28% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 50.48%
10-year low 10-year high
P/S against its own 10 years 75.61%
10-year low 10-year high
P/B against its own 10 years 67.97%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 100 158 199 303
Receivables 776 1,180 1,664 2,390
Inventory — — — —
Other — — — —
876 1,337 1,863 2,693
2023 2024 2025 Q'26
Payables 2,068 2,673 3,488 4,785
ST’ Debt 50 100 100 418
Other — — — —
2,118 2,773 3,588 5,203

Compound Annual Growth %

10y 5y 3y
Sales — — 30.16%
Cash Flow — — 25.00%
Earnings — — 102.37%
Book Value — — 33.78%

Revenue $m

Mar Jun Sep Dec Year
’26 476 490 — — —
’25 329 320 383 386 1,417
’24 265 280 301 304 1,150
’23 190 211 239 246 886
’22 153 144 158 187 642
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 117 68 — — —
’25 97 88 171 52 408
’24 94 21 168 22 305
’23 107 1 110 120 338
’22 46 18 61 84 209
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 118 65 — — —
’25 97 85 167 50 401
’24 94 18 168 21 301
’23 107 1 110 116 335
’22 45 18 61 82 207
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.09 1.07 — — —
’25 1.01 0.93 1.10 1.03 4.07
’24 0.90 0.75 0.89 0.35 2.87
’23 0.42 0.51 0.57 0.74 2.24
’22 0.50 0.16 (0.15) 0.63 1.21
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — — — 17.50 29.40 41.28

Analyst estimates 2026–2028

Powerpack
High — — — — — — — 34.53 55.62 65.05
People
People Employees — — — — — 441 448 515 580 611
Revenue/emp, $m — — — — — 1.25 1.43 1.72 1.98 2.32
Income, $m
Income, $m Revenue — — — — — 550 642 886 1,150 1,417
Gross margin, % — — — — — 35.58 37.34 41.84 41.77 43.88
EBT — — — — — 48 50 110 153 216
EBT margin, % — — — — — 8.78 7.75 12.43 13.28 15.28
Net income — — — — — 38 39 86 119 170
Depreciation — — — — — 8 4 4 3 4
Per share, $
Per share, $ Revenue — — — — — 33.73 38.77 24.59 28.71 35.06
Earnings — — — — — 2.35 1.24 2.34 2.97 4.21
Cash flow — — — — — 10.75 12.61 9.39 7.62 10.10
Capex — — — — — (0.13) (0.14) (0.09) (0.11) (0.18)
Free cash flow — — — — — 10.62 12.47 9.30 7.51 9.91
Book value — — — — — 26.13 25.45 18.35 19.82 24.98
Shares, m — — — — — 16 17 36 40 40
Valuation, ×
Valuation, × P/E — — — — — 10.62 10.62 14.47 16.85 12.14
P/S — — — — — 0.49 0.49 1.37 1.76 1.46
P/B — — — — — 0.75 0.75 1.84 2.55 2.05
EV/Sales — — — — — 0.38 0.38 1.31 1.71 1.39
EV/FCF — — — — — 1.19 1.19 3.51 6.54 4.93
Cash, $m
Cash, $m Operating cash flow — — — — — 175 209 338 305 408
Capex — — — — — (2) (2) (3) (4) (7)
Free cash flow — — — — — 173 207 335 301 401
Balance, $m
Balance, $m Working capital — — — — — (798) (951) (1,242) (1,436) (1,725)
Total debt — — — — — 50 50 50 100 100
Net debt — — — — — (57) (75) (50) (58) (99)
Shareholders’ equity — — — — — 426 422 661 794 1,010
Returns, %
Returns, % ROA — — — — — 0.00 0.92 3.17 3.56 3.99
ROIC — — — — — 8.19 8.98 11.27 12.96 14.85
ROE — — — — — 0.00 4.84 15.57 16.33 18.85
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Skyward Specialty Insurance Group, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLMR Palomar Holdings, Inc. $3.6B 18.2× 13.7× +54.65% (above 0%: growing) +14.94% (above 0%: growing) +38.21% (above 0%: growing) 23.77% 23.77% Compare
LMND Lemonade, Inc. $3.6B — (loss-making) — (loss-making) +79.40% (above 0%: growing) n/m −335.29% (below 0%: shrinking) 47.69% (14.20%) Compare
SLDE Slide Insurance Holdings, Inc. $3.1B 5.9× 4.8× +47.86% (above 0%: growing) +11.43% (above 0%: growing) +18.76% (above 0%: growing) 60.96% 46.37% Compare
SKWD Skyward Specialty Insurance Group, Inc. $2.7B 13.8× 10.3× +53.03% (above 0%: growing) +14.58% (above 0%: growing) −23.60% (below 0%: shrinking) 43.47% 14.78%
HCI HCI Group, Inc. $2.4B 8.3× 8.6× +11.15% (above 0%: growing) +3.77% (above 0%: growing) −13.60% (below 0%: shrinking) 58.07% 45.43% Compare
PRCH Porch Group, Inc. $2.0B — (loss-making) — (loss-making) +11.74% (above 0%: growing) n/m +13.30% (above 0%: growing) 62.17% (2.92%) Compare
HMN Horace Mann Educators Corporation $1.9B 10.7× 11.7× +7.72% (above 0%: growing) +43.66% (above 0%: growing) +70.37% (above 0%: growing) 45.68% 13.21% Compare
KMPR Kemper Corporation $1.7B — (loss-making) 14.6× −10.84% (below 0%: shrinking) n/m −76.71% (below 0%: shrinking) 0.17% (41.92%) Compare
STC Stewart Information Services Corporation $1.6B 11.5× 12.3× +24.52% (above 0%: growing) +7.08% (above 0%: growing) −12.37% (below 0%: shrinking) 64.98% 9.41% Compare
Median of peers $2.2B 10.7× 12.0× +18.13% +11.43% +0.47% 52.88% 11.31%

All 45 Insurance Property & Casualty stocks →

Skyward Specialty Insurance Group, Inc. (SKWD) key facts

  • Strength: Skyward Specialty Insurance Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 23.2% from fiscal 2024.
  • Skyward Specialty Insurance Group, Inc. (SKWD) is an Insurance Property & Casualty company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, SKWD traded at $61.06, a market capitalization of $2.7 billion.
  • Return on equity was 18.9% and debt-to-equity 0.33.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Skyward Specialty Insurance Group, Inc. (SKWD) Latest News

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stockrow.com/SKWD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com