---
schema_version: "secwatch.filing_event.v1"
accession: "0001519449-25-000050"
form_type: "8-K"
ticker: "SKWD"
cik: "0001519449"
company_name: "Skyward Specialty Insurance Group, Inc."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:34:29.687473+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Skyward Specialty to acquire Apollo Group Holdings for $555M; expects double-digit EPS accretion in first full year

## Summary
- Acquisition consideration: $555M total, ~33% in stock (3.68M SKWD shares) and remainder cash, funded via committed $300M term loan from Barclays.
- Apollo, a Lloyd's-based specialty underwriter (Syndicates 1969/1971), adds >$1.5B managed premium; CEO David Ibeson to join Skyward.
- Deal expected to deliver double-digit adjusted operating EPS accretion in first full year post-close, reinforcing 'Rule Our Niche' strategy.
- Closing targeted for Q1 2026, subject to regulatory approvals from UK PRA, Lloyd's, and Bermuda Monetary Authority.
- Apollo has grown GWP at ~20% CAGR since 2010; capital-light model provides ~27% of syndicate capital.

## SEC filing metadata
- accession: 0001519449-25-000050
- form_type: 8-K
- ticker: SKWD
- cik: 0001519449
- company_name: Skyward Specialty Insurance Group, Inc.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519449/000151944925000050/0001519449-25-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519449/000151944925000050/skwd-20250908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001519449-25-000050
- JSON: https://secwatch.observer/filing/0001519449-25-000050.json
- Plain text: https://secwatch.observer/filing/0001519449-25-000050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.