Skyward Specialty delivered an exceptional third quarter in 2025, with net income reaching $45.9 million, a substantial increase from the previous year. The company achieved a record-best combined ratio of 89.2% and saw gross written premiums surge by over 50%, primarily fueled by strong growth in the agriculture and credit (re)insurance division.
Skyward Specialty Insurance Group reported strong first quarter 2025 results with significant increases in net income, adjusted operating income, and gross written premiums. The company achieved its best-ever adjusted operating income and a strong annualized return on equity.
Skyward Specialty reported a net income of $14.4 million for Q4 2024, with gross written premiums increasing by 20.8% to $388.4 million. The company achieved an adjusted combined ratio of 91.6% and a book value per share of $19.79, up 18% from the previous year.
Skyward Specialty Insurance Group reported a strong first quarter in 2023, marked by a 27.5% increase in gross written premiums and a combined ratio of 90.2%. The company's underwriting income rose to $17.8 million, driven by growth in transactional E&S, global property and agriculture, professional lines, surety, and captives underwriting divisions, despite a high industry catastrophe quarter.
Skyward Specialty reported a strong fourth quarter with double-digit premium growth and a combined ratio in the low 90s. The company's disciplined underwriting and diversified business portfolio enabled consistent results despite market volatility. Skyward is well-positioned for continued growth and margin expansion in 2023.