Skyward Specialty Q4 net income $29.3M ($0.74 EPS); full-year $86.0M; premiums up 21.4%

Skyward Specialty Insurance Group, Inc.

2023-FY EPS reported $2.24 revenue$885,969,000

Q4 net income $29.3M (diluted EPS $0.74) vs $20.4M ($0.63) YoY; adjusted operating income $24.3M ($0.61) vs $11.6M ($0.36).
Full-year net income $86.0M ($2.24) vs $39.4M ($1.21); adjusted operating income $80.8M ($2.11) vs $58.6M ($1.79).
Gross written premiums grew 21.4%; underwriting income $21.0M (vs $12.8M); combined ratio improved to 90.7% from 92.4%.
ROE 15.9% vs 9.3%; ROE on tangible equity 19.0% vs 11.8%; cat loss ratio 0.4% (vs 1.2%).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Skyward Specialty Insurance Group, Inc. reported for the quarter and fiscal year ended December 31, 2023 results: net income Net income for the year ended 2023 was $86.0 million, EPS Net income for the year ended 2023 was $2.24 per diluted share.

Period: for the quarter and fiscal year ended December 31, 2023
Net income: Net income for the year ended 2023 was $86.0 million
EPS: Net income for the year ended 2023 was $2.24 per diluted share
Result: reported results

Exact text from the filing

Skyward Specialty Insurance Group Reports Fourth Quarter 2023 Results Houston, TX – February 20, 2024 – Skyward Specialty Insurance Group, Inc. TM (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today reported fourth quarter 2023 net income of $29.3 million, or $0.74 per diluted share, compared to $20.4 million, or $0.63 per diluted share, for the same 2022 period. Net income for the year ended 2023 was $86.0 million, or $2.24 per diluted share, compared to $39.4 million, or $1.21 per diluted share, for the same 2022 period.

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Source: SEC EDGAR

accession 0001519449-24-000004

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