SKWD

Skyward Specialty Insurance Group, Inc. (SKWD) reported strong first-quarter 2026 results as a combined entity with Apollo, with net income of $50 million and operating income of $57 million. Diluted operating earnings per share increased by 39% year-over-year to $1.25. The combined ratio for Q1 2026 was 89.5%, including 1.8 points of catastrophe losses. Gross written premiums were up approximately 10% on a pro forma basis, reaching $668 million. Managed premiums, including fee-generating premiums, totaled $968 million, an increase of about 20% year-over-year on a pro forma basis. Earlier, in October 2025, Skyward Specialty announced its third-quarter 2025 earnings, reporting net income of $45.9 million. In the same month, the company launched a new industry-first well decommissioning solution and recruited Christopher Zitzmann to lead Inland Marine and Transactional Property. The announced acquisition of Apollo Group Holdings Inc. was an important event impacting the company, with AM Best commenting on it in September 2025, and the integration planned for Q1 2026. In early May 2026, SKWD's price fell below its 50-day moving average to $44.92, then rose above its 15-day moving average to $46.08. The stock's 52-week range has been between $40.60 and $65.05.