Skyward Specialty Insurance Group Inc (OQ:SKWD)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 800 Gessner, Suite 600 HOUSTON TX 77024 |
| Tel: | N/A |
| Website: | https://www.skywardinsurance.com |
| 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 and Agriculture, 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 Industry Solutions underwriting division includes three underwriting units that each provide multiple coverages to the businesses they serve: Construction, Energy and Specialty Trucking. |
| Financial Overview |
| For the six months ended 30 June 2024, Skyward Specialty Insurance Group Inc revenues increased 37% to $537.7M. Net income applicable to common stockholders increased from $33.5M to $67.8M. Revenues reflect FIRE, MARINE & CASUALTY INSURANCE segment increase from $210.5M to $544.9M. Net income benefited from Other expenses decrease of 13% to $2.2M (expense), Amortization expense decrease of 14% to $748K (expense). |
| Employees: | 515 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,605M as of Jun 30, 2024 |
| Annual revenue (TTM): | $1,021M as of Jun 30, 2024 |
| EBITDA (TTM): | $155.38M as of Jun 30, 2024 |
| Net annual income (TTM): | $118.55M as of Jun 30, 2024 |
| Free cash flow (TTM): | $340.25M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $45.95M as of Jun 30, 2024 |
| Shares outstanding: | 40,096,132 as of Aug 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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