Skyward Specialty Insurance Group Inc (OQ:SKWD)

Sector:  Financials Industry:  Multiline Insurance & Brokers
See Regulatory Filings on SEC
Company Contact
Address: 800 Gessner, Suite 600
Tel: N/A
IR: See website
Key People
Andrew S. Robinson
Chairman of the Board, Chief Executive Officer
Mark W. Haushill
Chief Financial Officer, Executive Vice President
Thomas Schmitt
Chief People and Administrative Officer
John Burkhart
Executive Vice President, President - Specialty Lines
Sean Duffy
Executive Vice President, Chief Claims Officer
Kirby Hill
Executive Vice President, President of Industry Solutions - Captives and Programs
Sandip Kapadia
Executive Vice President, Chief Actuary and Analytics Officer
Daniel Bodnar
Chief Information and Technology Officer
Leslie Shaunty
General Counsel, Secretary
Business Overview
Skyward Specialty Insurance Group, Inc. is a specialty insurance company. The Company is focused on delivering commercial property casualty (P&C) products and solutions on a non-admitted (E&S) and admitted basis, predominantly in the United States. It operates through eight underwriting divisions: Accident & Health, Captives, Global Property, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S. Its Accident & Health (A&H) underwriting division provides a medical stop loss solution targeting organizations with less than 2,500 employees. Its Captives underwriting division provides group captive solutions by drawing on its underwriting and claims expertise from other underwriting divisions to create group captives for companies seeking to self-insure. Its subsidiary insurance companies include Houston Specialty Insurance Company (HSIC), Imperium Insurance Company (IIC), Great Midwest Insurance Company (GMIC) and Oklahoma Specialty Insurance Company (OSIC).
Financial Overview
For the nine months ended 30 September 2023, Skyward Specialty Insurance Group Inc revenues increased 40% to $637.3M. Net income applicable to common stockholders increased from $9.9M to $55.2M. Revenues reflect increase in net premium earned. Basic Earnings per Share excluding Extraordinary Items increased from $0.26 to $1.52.
Employees: 448 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,484M as of Dec 31, 2023
Annual revenue (TTM): $824.65M as of Dec 31, 2023
EBITDA (TTM): $107.20M as of Dec 31, 2023
Net annual income (TTM): $65.89M as of Dec 31, 2023
Free cash flow (TTM): $299.65M as of Dec 31, 2023
Net Debt Last Fiscal Year: $74.94M as of Dec 31, 2023
Shares outstanding: 39,863,756 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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