earnings
confidence high
sentiment positive
materiality 0.80
Skyward Specialty Q4 net income $20.4M ($0.63/dil) vs $1.3M YoY; combined ratio improves to 92.4%
Skyward Specialty Insurance Group, Inc.
2022-FY EPS reported
$1.21
revenue$642,420,000
- Q4 net income $20.4M ($0.63/dil) vs $1.3M ($0.04) YoY; adjusted op. income $11.6M ($0.36/dil) vs $7.6M ($0.23).
- Gross written premiums up 18.1% in Q4; continuing business grew 21.4%.
- Q4 combined ratio 92.4% vs 106.8% YoY; adjusted combined ratio 92.8% vs 94.8%.
- FY 2022 net income $49.6M ($1.53/dil) vs $0.5M ($0.02); adjusted op. income $43.8M ($1.35/dil).
- Net investment income up 30.6% to $5.3M in Q4.