Skyward Specialty Q3 net income $21.7M vs loss; combined ratio improves to 90.2%

Skyward Specialty Insurance Group, Inc.

2023-Q3 EPS reported $1.50 revenue$639,674,000

Net income $21.7M ($0.57 diluted EPS) vs net loss $2.4M ($0.15 loss) in Q3 2022.
Adjusted operating income $25.0M ($0.65 diluted) vs $10.7M ($0.33) YoY.
Gross written premiums +31.6%; combined ratio 90.2% vs 99.8% last year.
Underwriting income $22.3M vs $0.3M; cat loss ratio improved to 0.4% from 2.8%.
Annualized ROE 16.4% vs (2.3)%; annualized ROTE 19.7% vs (3.0)%.

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 0.95

Skyward Specialty Insurance Group, Inc. reported third quarter 2023 results: net income $21.7 million, EPS $0.57 per diluted share.

Period: third quarter 2023
Net income: $21.7 million
EPS: $0.57 per diluted share
Result: reported results

Exact text from the filing

Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported third quarter 2023 net income of $21.7 million, or $0.57 per diluted share

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Skyward Specialty Insurance Group, Inc. filing history →

Source: SEC EDGAR

accession 0001519449-23-000034

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