Skyward Specialty gets regulatory and minority approval for Apollo acquisition, issues 2026 guidance

Skyward Specialty Insurance Group, Inc.

Received regulatory and minority shareholder approvals for Apollo Group acquisition; closing expected early Q1 2026.
Guides 2026 GWP $2.65B-$2.8B, net retention ~65%, combined ratio 90.5%-91.5% (incl. 2-2.5 pts cat).
Guides 2026 net income $207M-$216M ($4.50-$4.70 diluted EPS); adjusted operating income $221M-$230M ($4.80-$5.00 diluted EPS).
Syndicate management service fee income guided $30M-$35M; commission and fee income $5M-$8M.
Company intends to provide fiscal-year guidance in Q1 going forward, consistent with historical practice.

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