earnings
confidence high
sentiment positive
materiality 0.70
Skyward Specialty Q1 net income $15.6M ($0.42/sh); gross written premiums +27.5%
Skyward Specialty Insurance Group, Inc.
2023-Q1 EPS reported
$0.42
revenue$189,930,000
- Net income $15.6M, $0.42 diluted EPS; adjusted operating income $15.5M, $0.42 diluted EPS.
- Gross written premiums increased 27.5% year-over-year.
- Underwriting income $17.8M vs $11.4M in Q1 2022; combined ratio improved to 90.2% from 91.9%.
- Current accident year non-cat loss and LAE ratio improved to 61.1% from 63.5%.