Watch the conference call for any forward guidance on full-year premium growth and combined ratio trajectory.
Price Chart
Executive Summary
Skyward Specialty reported Q1 2026 diluted operating EPS of $1.25, beating consensus of $1.05 by 19%, driven by strong underwriting results and the accretive Apollo acquisition. Gross written premiums grew 9.9% pro forma to $667.7M, and the combined ratio improved to 89.5% from 90.5% a year earlier.
Key Financial Metrics
Key Facts
- Diluted operating EPS $1.25 vs consensus $1.05 (+19% beat)
- Gross written premiums $667.7M, +9.9% pro forma YoY
- Combined ratio 89.5% vs 90.5% prior year
- Ex-cat combined ratio 87.7% vs 88.3% prior year
- Annualized operating ROE 20.3%
- Book value per share $27.50, +10% from Q4 2025
Financial Impact
EPS beat of $0.20 vs consensus; gross written premiums grew ~$60M pro forma; underwriting income nearly doubled to $51.6M from $28.5M
Risk Factors
- Apollo integration may introduce execution risk and higher expense ratios
- Catastrophe losses remain a wildcard (1.8 points in Q1)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001519449-26-000032 |
| Document: skwd-20260506.htm | 0001519449-26-000032 |
| Document: 0001519449-26-000032-index-headers.html | 0001519449-26-000032 |
| Document: 0001519449-26-000032-index.html | 0001519449-26-000032 |
| Document: 0001519449-26-000032.txt | 0001519449-26-000032 |
| 8-K Data (Synthetic) | 0001519449-26-000032 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $62.16 | awaiting T+60 | — | $58.78 (−5.44%) |
Aug 20, 2026 9w ago | 8-K | $55.86 | awaiting T+60 | — | $58.78 (+5.23%) |
Aug 7, 2026 11w ago | 3 | $62.00 | awaiting T+60 | — | $58.78 (−5.19%) |
Jul 15, 2026 14w ago | 8-K | $58.47 $58.32 | ▼ −0.26% | ▼ −3.97% | $58.78 (+0.53%) |
Jun 12, 2026 19w ago | Institutional Cluster | $50.05 $56.53 | ▲ +12.95% | ▲ +9.68% | $58.78 (+17.44%) |
Jun 11, 2026 19w ago | Institutional Cluster | $50.80 $57.34 | ▲ +12.87% | ▲ +8.48% | $58.78 (+15.71%) |
May 6, 2026 24w ago | 8-K | $45.51 $60.87 | ▲ +33.75% | ▲ +29.92% | $58.78 (+29.16%) |
May 6, 2026 24w ago | Press Release | $45.51 $60.87 | ▲ +33.75% | ▲ +29.92% | $58.78 (+29.16%) |
Mar 25, 2026 30w ago | DEFA14A | $43.15 $51.02 | ▲ +18.23% | ▲ +4.77% | $58.78 (+36.22%) |
Feb 27, 2026 34w ago | Insider Cluster | $48.58 $45.79 | ▼ −5.74% | ▼ −15.08% | $58.78 (+21.00%) |
US Market Status
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