Skyward Specialty Insurance Group Reports First Quarter 2024 Results [Yahoo! Finance]
Skyward Specialty Insurance Group, Inc. (SKWD)
Company Research
Source: Yahoo! Finance
first quarter 2024 net income of $36.8 million, or $0.90 per diluted share, compared to $15.6 million, or $0.42 per diluted share. for the same 2023 period. Adjusted operating income for the first quarter of 2024 was $31.0 million, or $0.75 per diluted share, compared to $15.5 million, or $0.42 per diluted share, for the same 2023 period. Highlights for the quarter included: Gross written premiums increased 27.2%. Underwriting income of $24.7 million compared to $17.8 million for the first quarter of 2023. Combined ratio of 89.6% compared to 90.2% for the first quarter of 2023. Current accident year non-cat loss and LAE ratio of 60.6% compared to 61.1% for the first quarter of 2023. Cat loss and LAE ratio of 0.4% compared to 1.8% for the first quarter of 2023. Annualized return on equity of 21.7% compared to 13.4% for the same 2023 period. Annualized return on tangible equity of 25.0% compared to 16.6% for the same 2023 period. See "Reconciliation of Non-GAAP Finan
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SKWD
News
- Westaim Announces Closing of Skyward Specialty’s Secondary OfferingBusiness Wire
- Skyward Specialty Insurance Group, Inc. (NASDAQ: SKWD) had its price target raised by analysts at Keefe, Bruyette & Woods from $44.00 to $46.00. They now have an "outperform" rating on the stock.MarketBeat
- Westaim Announces Pricing of Skyward Specialty’s Secondary OfferingBusiness Wire
- Skyward Specialty Announces Pricing of Its Secondary Offering of Its Common StockGlobeNewswire
- Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Q1 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SKWD
Earnings
- 5/1/24 - Beat
SKWD
Sec Filings
- 5/14/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- SKWD's page on the SEC website