Skyward Group Reports Third Quarter 2026 Results
Key Highlights
- ➤Net operating income $58.5M, up 32.2% year over year
- ➤Diluted operating EPS $1.28, up from $1.05
- ➤Managed premiums $1.32B, up 12.5% year over year
- ➤Fee-generating gross written premiums $517.1M, up 18.4%
- ➤Book value per share $28.74, up 15.3% from December 31, 2025
Expert Statements
Andrew Robinson, Chairman and CEO of Skyward Group
“The outstanding quarter and year to date performance reflects the strength of the Skyward Group Rule Our Niche(TM) strategy and the benefits of the diversified portfolio we have built.”
Andrew Robinson, Chairman and CEO of Skyward Group
“Through the first nine months of the year, we have delivered an annualized operating ROE of over 20% while growing managed premiums by 16%.”
Andrew Robinson, Chairman and CEO of Skyward Group
“The diversity of our portfolio and the complementary strength of our capital-light, fee-based platform continue to be meaningful differentiators, providing multiple avenues for profitable growth and enabling us to remain disciplined in deploying capital toward the most compelling opportunities as market conditions evolve.”
Andrew Robinson, Chairman and CEO of Skyward Group
“Across Skyward Group, we continue to execute at a high level, and we remain well positioned to continue to deliver top-quartile financial returns for our shareholders.”
HOUSTON, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Group” or the “Company”) today reported third quarter 2026 results.
Summary Financial Data ($ in thousands, except per share amounts)Three months ended September 30,Nine months ended September 30, unaudited2026202520262025 Managed premiums ((1))$ 1,320,600$ 1,174,191$ 3,346,984$ 2,884,425 Gross written premiums ((1)(2))$ 803,485$ 737,288$ 2,211,743$ 1,985,719 Fee generating gross written premiums ((1)(2))$ 517,115$ 436,903$ 1,135,241$ 898,706 Net written premiums$ 501,778$ 441,167$ 1,420,277$ 1,123,651 Net income$ 49,796$ 45,901$ 148,565$ 126,798 Net operating income ((3))$ 58,486$ 44,228$ 174,577$ 119,512 Diluted earnings per share$ 1.09$ 1.10$ 3.26$ 3.03 Diluted operating earnings per share$ 1.28$ 1.05$ 3.83$ 2.84 Annualized ROE ((4))15.7 %19.7 %17.3 %19.3 % Annualized operating ROE ((5))18.4 %19.0 %20.4 %18.2 % ((1) Select third quarter 2025 metrics for the Skyward Group and Apollo are presented on a pro forma basis for comparative purposes only and are not necessarily indicative of the operating results that Skyward Group would have recognized had the acquisition actually been completed on January 1, 2025. Pro forma information is unaudited.) ((2) Prior year pro forma gross written premiums are adjusted for the impact of the change in participations. See “Reconciliation of Non-GAAP Financial Measures”.) ((3) See “Reconciliation of Non-GAAP Financial Measures”) ((4) Annualized ROE is net income expressed on an annualized basis as a percentage of average beginning and ending stockholders' equity during the period.) ((5) Annualized operating ROE is operating income expressed on an annualized basis as a percentage of average beginning and ending stockholders' equity during the period.)
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