Tiger Brokers

Skyward Specialty Insurance Group Reports Q3 Net Income of $45.9 Million

Reuters
Oct 30, 2025
Skyward Specialty Insurance Group Reports Q3 Net Income of $45.9 Million

Skyward Specialty Insurance Group Inc. reported net income of $45.9 million, or $1.10 per diluted share, for the third quarter of 2025, compared to $36.7 million, or $0.89 per diluted share, in the third quarter of 2024. Net income for the first nine months of 2025 was $126.8 million, or $3.03 per diluted share, up from $104.4 million, or $2.53 per diluted share, in the same period of 2024. Adjusted operating income for the third quarter of 2025 was $44.0 million, or $1.05 per diluted share, compared to $29.4 million, or $0.71 per diluted share, a year earlier. For the first nine months of 2025, adjusted operating income was $118.6 million, or $2.84 per diluted share, compared to $93.4 million, or $2.26 per diluted share, in the same 2024 period. Gross written premiums in the third quarter of 2025 totaled $606.5 million, an increase of 51.6 percent compared to the third quarter of 2024. For the first nine months of 2025, gross written premiums were $1,726.7 million, up 27.4 percent from $1,354.9 million in the same period of 2024. The combined ratio for the third quarter of 2025 was 89.2 percent, with an ex-cat combined ratio of 88.6 percent. Annualized return on equity for the nine months ended September 30, 2025, was 19.3 percent. Book value per share as of September 30, 2025, was $23.75, representing a 20 percent increase compared to December 31, 2024. The company stated that five of its nine divisions grew by more than 25 percent during the third quarter of 2025. The increase in stockholders' equity was attributed primarily to an increase in the market value of the investment portfolio and net income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Skyward Specialty Insurance Group Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564561-en) on October 29, 2025, and is solely responsible for the information contained therein.

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