Skyward Specialty Q2 net income triples to $19.5M; gross written premiums up 29.4%

Skyward Specialty Insurance Group, Inc.

2023-Q2 EPS reported $0.93 revenue$400,451,000

Net income $19.5M ($0.51/sh) vs $5.1M ($0.16) in Q2 2022; adjusted operating income $16.0M ($0.42) vs $16.4M ($0.50).
Gross written premiums up 29.4%; underwriting income $15.5M vs $12.0M in Q2 2022.
Combined ratio 92.0% (vs 91.8%); non-cat loss ratio improved to 60.7% from 62.8%; cat loss ratio 3.5% vs 0%.
Annualized return on tangible equity 18.3% vs 6.1% in prior-year quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skyward Specialty Insurance Group, Inc. reported second quarter 2023 results: net income $19.5 million, EPS $0.51 per diluted share.

Period: second quarter 2023
Net income: $19.5 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

today reported second quarter 2023 net income of $19.5 million, or $0.51 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Skyward Specialty Insurance Group, Inc. reported first half of 2023 results: net income $35.0 million, EPS $0.93 per diluted share.

Period: first half of 2023
Net income: $35.0 million
EPS: $0.93 per diluted share
Result: reported results

Exact text from the filing

Net income for the first half of 2023 was $35.0 million, or $0.93 per diluted share

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36 earnings releases filed in the last 30 days. Browse all earnings releases →

Skyward Specialty Insurance Group, Inc. filing history →

Source: SEC EDGAR

accession 0001519449-23-000028

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