Skyward Specialty Q2 net income $31.0M ($0.75 EPS) vs $19.5M YoY; adj. op. income $33.1M

Skyward Specialty Insurance Group, Inc.

2024-Q2 EPS reported $1.65 revenue$544,910,000

Q2 net income $31.0M ($0.75 diluted EPS) vs $19.5M ($0.51) YoY; adjusted operating income $33.1M ($0.80) vs $16.0M ($0.42).
Gross written premiums up 17.6% YoY; combined ratio improved to 90.7% from 92.0%.
Cat loss and LAE ratio reduced to 1.2% from 3.5% in prior-year quarter.
Annualized return on tangible equity 22.4% through H1 2024 vs 18.3% year ago.
Annualized return on equity 19.6% through H1 2024 vs 14.8% for H1 2023.

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