Financial Snapshot

Revenue
$1.076B
TTM
Gross Margin
Net Earnings
$133.5M
TTM
Current Assets
Current Liabilities
$118.0M
Q3 2024
Current Ratio
Total Assets
$3.599B
Q3 2024
Total Liabilities
$2.801B
Q3 2024
Book Value
$797.5M
Q3 2024
Cash
$105.6M
Q3 2024
P/E
14.94
Nov 14, 2024 EST
Free Cash Flow
$230.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $875.5M $642.4M $545.5M $451.8M
YoY Change 36.28% 17.76% 20.74%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $875.5M $642.4M $545.5M $451.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.891M $3.582M $5.603M $5.985M
YoY Change 8.63% -36.07% -6.38%
% of Gross Profit
Operating Expenses $766.5M $586.2M $494.9M $483.3M
YoY Change 30.75% 18.46% 2.4%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $1.106M $6.407M -$4.622M -$5.532M
YoY Change -82.74% -238.62% -16.45%
% of Operating Profit
Other Income/Expense, Net $5.364M $0.00
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $110.1M $49.78M $48.31M -$94.53M
YoY Change 121.16% 3.05% -151.1%
Income Tax $24.12M $10.39M $9.992M -$19.89M
% Of Pretax Income 21.91% 20.86% 20.68%
Net Earnings $84.31M $39.40M $38.32M -$74.64M
YoY Change 114.0% 2.82% -151.33%
Net Earnings / Revenue 9.63% 6.13% 7.02% -16.52%
Basic Earnings Per Share $2.34 $1.24 $1.21
Diluted Earnings Per Share $2.20 $1.21 $1.02 -$1.99

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $65.89M $45.44M $42.11M $63.46M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $9.070M $8.674M $9.627M $11.37M
YoY Change 4.57% -9.9% -15.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.614B $1.082B $949.4M $765.3M
YoY Change 49.09% 14.01% 24.05%
Other Assets $56.44M $115.8M $98.83M $91.69M
YoY Change -51.25% 17.13% 7.79%
Total Long-Term Assets
YoY Change
Total Assets $2.953B $2.363B $2.118B $1.949B
YoY Change
Accounts Payable $50.88M $48.50M $40.76M $40.22M
YoY Change 4.91% 18.99% 1.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $87.94M $78.35M $71.26M $75.98M
YoY Change 12.24% 9.95% -6.21%
Long-Term Debt $128.7M $128.6M $128.5M $128.4M
YoY Change 0.06% 0.06% 0.06%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $128.7M $128.6M $128.5M $128.4M
YoY Change 0.06% 0.06% 0.06%
Total Liabilities $2.292B $1.942B $1.692B $1.555B
YoY Change 18.06% 14.75% 8.81%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 36.03M shares 16.57M shares 16.31M shares
Diluted Shares Outstanding 38.32M shares 32.65M shares 32.47M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.9942 Billion

About Skyward Specialty Insurance Group Inc

Skyward Specialty Insurance Group, Inc. is a holding company, which engages in the provision of commercial property and casualty products and solutions on a non-admitted and admitted basis. The company is headquartered in Houston, Texas and currently employs 515 full-time employees. The company went IPO on 2023-01-13. The firm is focused on delivering commercial property casualty (P&C) products and solutions on a non-admitted (E&S) and admitted basis, predominantly in the United States. The company operates through eight underwriting divisions: Accident & Health, Captives, Global Property and Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S. Its Accident & Health (A&H) underwriting division provides a medical stop loss solution targeting organizations with less than 2,500 employees. Its Captives underwriting division provides group captive solutions by drawing on its underwriting and claims expertise from other underwriting divisions to create group captives for companies seeking to self-insure. Its Industry Solutions underwriting division includes three underwriting units that each provide multiple coverages to the businesses they serve: Construction, Energy and Specialty Trucking.

Industry: Fire, Marine & Casualty Insurance Peers: Tiptree Inc Donegal Group Inc Global Indemnity Group LLC Hci Group Inc Investors Title Co Kingsway Financial Services Inc NI Holdings Inc PROGRESSIVE CORP/OH/ Trean Insurance Group, Inc. Universal Insurance Holdings Inc