Skyward Specialty Insurance Group (SKWD) Financials

$53.91 -0.02 (-0.04%)

Closing price 04/15/2025 04:00 PM Eastern

Extended Trading

$53.76 -0.14 (-0.27%)

As of 07:10 AM Eastern

Annual Income Statements for Skyward Specialty Insurance Group

This table shows Skyward Specialty Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	20	21	84	119
Consolidated Net Income / (Loss)	38	39	86	119
Net Income / (Loss) Continuing Operations	38	39	86	119
Total Pre-Tax Income	48	50	110	153
Total Operating Income	53	56	125	167
Total Gross Profit	196	240	371	480
Total Revenue	550	642	886	1,150
Operating Revenue	550	642	886	1,150
Total Cost of Revenue	354	403	515	670
Operating Cost of Revenue	354	403	515	670
Total Operating Expenses	143	184	245	314
Amortization Expense	1.52	1.55	1.80	2.01
Other Operating Expenses / (Income)	138	182	243	312
Total Other Income / (Expense), net	-4.62	-6.41	-15	-14
Interest Expense	4.62	6.41	10	9.50
Other Income / (Expense), net	-	0.00	-5.36	-4.39
Income Tax Expense	9.99	10	24	34
Net Income / (Loss) Attributable to Noncontrolling Interest	19	19	1.68	0.00
Basic Earnings per Share	$1.21	$1.24	$2.34	$2.97
Weighted Average Basic Shares Outstanding	16.31M	16.57M	36.03M	40.06M
Diluted Earnings per Share	$1.18	$1.21	$2.24	$2.87
Weighted Average Diluted Shares Outstanding	32.47M	32.65M	38.32M	41.38M
Weighted Average Basic & Diluted Shares Outstanding	-	37.66M	40.00M	40.13M

This table shows Skyward Specialty Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-2.40	12	14	19	22	29	37	31	37	14
Consolidated Net Income / (Loss)	-2.40	20	16	19	22	29	37	31	37	14
Net Income / (Loss) Continuing Operations	-2.40	20	16	19	22	29	37	31	37	14
Total Pre-Tax Income	-3.12	26	20	25	28	38	47	40	47	19
Total Operating Income	-1.38	28	23	29	32	42	51	44	50	22
Total Gross Profit	46	78	75	86	101	109	121	121	130	108
Total Revenue	158	187	190	211	239	246	265	280	301	304
Operating Revenue	158	187	190	211	239	246	265	280	301	304
Total Cost of Revenue	112	109	115	124	139	137	144	159	171	196
Operating Cost of Revenue	112	109	115	124	139	137	144	159	171	196
Total Operating Expenses	48	50	52	57	69	67	70	77	80	86
Amortization Expense	0.39	0.39	0.39	0.49	0.46	0.46	0.39	0.36	0.35	0.91
Other Operating Expenses / (Income)	47	50	52	57	68	67	70	77	80	85
Total Other Income / (Expense), net	-1.74	-2.13	-3.27	-3.93	-4.11	-4.08	-3.92	-3.49	-3.35	-3.13
Interest Expense	1.74	2.13	2.15	2.47	2.63	2.77	2.73	2.45	2.23	2.09
Other Income / (Expense), net	0.00	-	-1.11	-1.47	-1.48	-1.30	-1.19	-1.05	-1.12	-1.04
Income Tax Expense	-0.72	5.55	4.17	5.56	6.08	8.30	10	9.39	10	4.15
Basic Earnings per Share	($0.15)	$0.71	$0.43	$0.53	$0.59	$0.79	$0.94	$0.79	$0.91	$0.33
Weighted Average Basic Shares Outstanding	16.47M	16.57M	32.85M	36.60M	36.74M	36.03M	39.11M	39.18M	40.10M	40.06M
Diluted Earnings per Share	($0.15)	$0.70	$0.42	$0.51	$0.57	$0.74	$0.90	$0.75	$0.89	$0.33
Weighted Average Diluted Shares Outstanding	16.47M	32.65M	36.95M	38.14M	38.40M	38.32M	41.09M	41.17M	41.43M	41.38M
Weighted Average Basic & Diluted Shares Outstanding	-	37.66M	37.66M	37.67M	37.68M	40.00M	40.00M	40.10M	40.10M	40.13M

This table details how cash moves in and out of Skyward Specialty Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Net Change in Cash & Equivalents	-6.35	18	-25	57
Net Cash From Operating Activities	175	209	338	305
Net Cash From Continuing Operating Activities	175	209	338	305
Net Income / (Loss) Continuing Operations	38	39	86	119
Consolidated Net Income / (Loss)	38	39	86	119
Depreciation Expense	5.60	4.10	3.89	3.36
Non-Cash Adjustments To Reconcile Net Income	125	153	259	199
Changes in Operating Assets and Liabilities, net	6.56	13	-11	-16
Net Cash From Investing Activities	-183	-193	-494	-244
Net Cash From Continuing Investing Activities	-183	-193	-494	-244
Purchase of Property, Plant & Equipment	-2.15	-2.33	-3.11	-4.22
Acquisitions	-27	0.00	-0.05	-32
Purchase of Investments	-364	-327	-461	-618
Sale and/or Maturity of Investments	208	142	-18	393
Other Investing Activities, net	-6.03	-6.57	-11	17
Net Cash From Financing Activities	1.38	2.18	131	-4.23
Net Cash From Continuing Financing Activities	1.38	2.18	131	-4.23
Repayment of Debt	-	0.00	-50	-111
Issuance of Debt	-	0.00	50	107
Issuance of Common Equity	1.38	2.18	131	0.00
Cash Interest Paid	4.67	5.76	11	8.57
Cash Income Taxes Paid	-	0.00	16	37

This table details how cash moves in and out of Skyward Specialty Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	8.32	19	-20	-3.39	1.41	-2.93	15	-7.00	43	6.17
Net Cash From Operating Activities	61	84	107	1.27	110	120	94	21	168	22
Net Cash From Continuing Operating Activities	61	84	107	1.27	110	120	94	21	168	22
Net Income / (Loss) Continuing Operations	-2.40	20	16	19	22	29	37	31	37	14
Consolidated Net Income / (Loss)	-2.40	20	16	19	22	29	37	31	37	14
Non-Cash Adjustments To Reconcile Net Income	63	47	92	-18	88	98	57	-10	131	20
Net Cash From Investing Activities	-53	-65	-193	-4.66	-110	-186	-70	-28	-130	-16
Net Cash From Continuing Investing Activities	-53	-65	-193	-4.66	-110	-186	-70	-28	-130	-16
Purchase of Property, Plant & Equipment	-	-	-0.61	-0.58	1.20	-3.11	-0.26	-2.51	-0.38	-1.08
Acquisitions	-	-	-0.29	0.24	0.05	-0.05	-0.26	-0.84	-21	-9.80
Purchase of Investments	-98	-65	-85	-125	-141	-110	-99	-174	-167	-178
Sale and/or Maturity of Investments	39	4.00	-131	123	48	-58	31	129	57	177
Other Investing Activities, net	5.65	-1.38	24	-2.11	-18	-15	-0.52	20	1.67	-3.82
Net Cash From Financing Activities	0.03	-	66	-	1.09	63	-9.47	0.00	5.23	0.00
Net Cash From Continuing Financing Activities	0.03	-	66	-	1.09	63	-9.47	0.00	5.23	0.00
Repayment of Debt	-	-	-50	-	-	-	0.00	-	-117	5.56
Cash Interest Paid	1.49	1.90	3.15	2.05	3.31	2.16	2.66	2.18	2.11	1.63
Cash Income Taxes Paid	-	-	-	-	5.80	5.80	-	-	8.50	15

This table presents Skyward Specialty Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	2,118	2,363	2,953	3,729
Total Current Assets	730	906	1,431	1,764
Cash & Equivalents	42	45	66	122
Restricted Cash	65	80	34	36
Short-Term Investments	623	781	1,331	1,606
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,388	1,457	1,522	1,966
Long-Term Investments	327	249	283	265
Noncurrent Note & Lease Receivables	112	191	179	322
Goodwill	91	90	88	87
Noncurrent Deferred & Refundable Income Taxes	34	36	22	30
Other Noncurrent Operating Assets	824	891	950	1,262
Total Liabilities & Shareholders' Equity	2,118	2,363	2,953	3,729
Total Liabilities	1,692	1,942	2,292	2,935
Total Current Liabilities	41	48	51	76
Accounts Payable	41	48	51	76
Total Noncurrent Liabilities	1,651	1,893	2,242	2,859
Long-Term Debt	129	129	129	120
Asset Retirement Reserve & Litigation Obligation	980	1,142	1,315	1,782
Other Noncurrent Operating Liabilities	543	623	798	957
Total Equity & Noncontrolling Interests	426	422	661	794
Total Preferred & Common Equity	426	422	661	794
Total Common Equity	426	422	661	794
Common Stock	575	577	711	719
Retained Earnings	-145	-105	-22	97
Accumulated Other Comprehensive Income / (Loss)	4.64	-43	-23	-22
Other Equity Adjustments	-9.09	-6.91	-5.56	0.00

This table presents Skyward Specialty Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,621	2,807	2,851	3,187	3,435	3,599
Total Current Assets	1,114	1,107	1,217	1,478	1,564	1,755
Cash & Equivalents	41	68	54	85	73	106
Restricted Cash	64	34	50	30	35	46
Short-Term Investments	1,009	1,005	1,113	1,363	1,455	1,603
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,507	1,700	1,634	1,709	1,872	1,844
Long-Term Investments	239	285	223	310	261	287
Noncurrent Note & Lease Receivables	221	266	271	273	377	327
Goodwill	90	89	89	88	88	88
Noncurrent Deferred & Refundable Income Taxes	31	32	35	24	25	19
Other Noncurrent Operating Assets	927	1,027	1,016	1,013	1,121	1,124
Total Liabilities & Shareholders' Equity	2,621	2,807	2,851	3,187	3,435	3,599
Total Liabilities	2,114	2,284	2,315	2,495	2,712	2,801
Total Current Liabilities	1,214	1,270	64	1,430	1,530	73
Accounts Payable	40	46	64	53	60	73
Total Noncurrent Liabilities	901	1,014	2,251	1,064	1,182	2,728
Long-Term Debt	129	129	129	119	119	119
Asset Retirement Reserve & Litigation Obligation	-	-	1,269	-	-	1,569
Other Noncurrent Operating Liabilities	772	886	854	945	1,063	1,041
Total Equity & Noncontrolling Interests	507	523	535	692	724	798
Total Preferred & Common Equity	507	523	535	692	724	798
Total Common Equity	507	523	535	692	724	798
Common Stock	642	643	646	712	714	716
Retained Earnings	-92	-73	-51	15	46	83
Accumulated Other Comprehensive Income / (Loss)	-36	-41	-54	-29	-31	-1.70
Other Equity Adjustments	-6.72	-6.72	-5.63	-5.23	-5.23	0.00

This table displays calculated financial ratios and metrics derived from Skyward Specialty Insurance Group's official financial filings.

Metric	2021	2022	2023	2024
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	16.77%	37.91%	29.82%
EBITDA Growth	0.00%	2.99%	105.71%	33.52%
EBIT Growth	0.00%	6.16%	113.79%	35.05%
NOPAT Growth	0.00%	5.91%	120.39%	32.28%
Net Income Growth	0.00%	2.82%	118.26%	38.20%
EPS Growth	0.00%	2.54%	85.12%	28.13%
Operating Cash Flow Growth	0.00%	19.20%	61.86%	-9.78%
Free Cash Flow Firm Growth	0.00%	0.00%	182.39%	-23.24%
Invested Capital Growth	0.00%	-20.56%	-52.71%	-20.61%
Revenue Q/Q Growth	0.00%	0.00%	7.13%	5.32%
EBITDA Q/Q Growth	0.00%	0.00%	13.16%	-9.76%
EBIT Q/Q Growth	0.00%	0.00%	11.36%	-10.83%
NOPAT Q/Q Growth	0.00%	0.00%	11.79%	-10.74%
Net Income Q/Q Growth	0.00%	0.00%	11.47%	-11.11%
EPS Q/Q Growth	0.00%	0.00%	1.82%	-12.50%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	11.77%	-24.26%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-35.25%
Invested Capital Q/Q Growth	0.00%	0.00%	-19.15%	0.90%
Profitability Metrics	-	-	-	-
Gross Margin	35.58%	37.34%	41.84%	41.77%
EBITDA Margin	10.64%	9.38%	14.00%	14.40%
Operating Margin	9.62%	8.75%	14.16%	14.49%
EBIT Margin	9.62%	8.75%	13.56%	14.10%
Profit (Net Income) Margin	6.96%	6.13%	9.71%	10.33%
Tax Burden Percent	79.32%	79.14%	78.09%	77.80%
Interest Burden Percent	91.27%	88.60%	91.66%	94.15%
Effective Tax Rate	20.68%	20.86%	21.91%	22.20%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	8.99%	9.29%	15.88%	16.33%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.50%	2.51%	4.52%	4.86%
Return on Assets (ROA)	1.81%	1.76%	3.23%	3.56%
Return on Common Equity (ROCE)	8.99%	9.29%	15.88%	16.33%
Return on Equity Simple (ROE_SIMPLE)	8.99%	9.34%	13.01%	14.97%
Net Operating Profit after Tax (NOPAT)	42	44	98	130
NOPAT Margin	7.63%	6.92%	11.06%	11.27%
Net Nonoperating Expense Percent (NNEP)	-0.40%	-0.52%	-0.92%	-0.62%
Return On Investment Capital (ROIC_SIMPLE)	-	8.08%	12.41%	14.19%
Cost of Revenue to Revenue	64.42%	62.66%	58.16%	58.23%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.96%	28.60%	27.68%	27.28%
Earnings before Interest and Taxes (EBIT)	53	56	120	162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	59	60	124	166
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.32	0.32	1.93	2.55
Price to Tangible Book Value (P/TBV)	0.40	0.40	2.23	2.87
Price to Revenue (P/Rev)	0.24	0.21	1.44	1.76
Price to Earnings (P/E)	6.78	6.55	15.14	17.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.75%	15.28%	6.60%	5.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.10
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.91
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.37
Leverage & Solvency	-	-	-	-
Debt to Equity	0.30	0.31	0.19	0.15
Long-Term Debt to Equity	0.30	0.31	0.19	0.15
Financial Leverage	-2.18	-2.31	-2.41	-2.40
Leverage Ratio	4.97	5.29	4.91	4.59
Compound Leverage Factor	4.54	4.68	4.50	4.32
Debt to Total Capital	23.17%	23.37%	16.30%	13.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	23.17%	23.37%	16.30%	13.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.82%	76.62%	83.70%	86.92%
Debt to EBITDA	2.20	2.13	1.04	0.72
Net Debt to EBITDA	-15.86	-17.03	-12.78	-11.53
Long-Term Debt to EBITDA	2.20	2.13	1.04	0.72
Debt to NOPAT	3.06	2.89	1.31	0.92
Net Debt to NOPAT	-22.11	-23.09	-16.18	-14.72
Long-Term Debt to NOPAT	3.06	2.89	1.31	0.92
Altman Z-Score	0.68	0.76	1.32	1.45
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	17.91	18.69	28.13	23.15
Quick Ratio	16.31	17.04	27.45	22.67
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	148	417	320
Operating Cash Flow to CapEx	8,137.65%	8,986.58%	10,881.18%	7,223.37%
Free Cash Flow to Firm to Interest Expense	0.00	23.05	41.61	33.71
Operating Cash Flow to Interest Expense	37.92	32.61	33.74	32.13
Operating Cash Flow Less CapEx to Interest Expense	37.46	32.25	33.43	31.69
Efficiency Ratios	-	-	-	-
Asset Turnover	0.26	0.29	0.33	0.34
Accounts Receivable Turnover	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00
Accounts Payable Turnover	8.70	9.02	10.37	10.54
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	41.98	40.47	35.20	34.63
Cash Conversion Cycle (CCC)	-41.98	-40.47	-35.20	-34.63
Capital & Investment Metrics	-	-	-	-
Invested Capital	-502	-605	-924	-1,115
Invested Capital Turnover	-1.10	-1.16	-1.16	-1.13
Increase / (Decrease) in Invested Capital	0.00	-103	-319	-191
Enterprise Value (EV)	-794	-893	-309	118
Market Capitalization	134	134	1,277	2,027
Book Value per Share	$26.12	$25.45	$17.54	$19.80
Tangible Book Value per Share	$20.52	$20.02	$15.20	$17.62
Total Capital	555	550	790	914
Total Debt	129	129	129	120
Total Long-Term Debt	129	129	129	120
Net Debt	-928	-1,027	-1,585	-1,909
Capital Expenditures (CapEx)	2.15	2.33	3.11	4.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-48	-51	-76
Debt-free Net Working Capital (DFNWC)	689	858	1,380	1,688
Net Working Capital (NWC)	689	858	1,380	1,688
Net Nonoperating Expense (NNE)	3.67	5.07	12	11
Net Nonoperating Obligations (NNO)	-928	-1,027	-1,585	-1,909
Total Depreciation and Amortization (D&A)	5.60	4.10	3.89	3.36
Debt-free, Cash-free Net Working Capital to Revenue	-7.41%	-7.55%	-5.74%	-6.63%
Debt-free Net Working Capital to Revenue	125.26%	133.51%	155.80%	146.72%
Net Working Capital to Revenue	125.26%	133.51%	155.80%	146.72%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.24	$2.34	$2.97
Adjusted Weighted Average Basic Shares Outstanding	0.00	16.57M	36.03M	40.06M
Adjusted Diluted Earnings per Share	$0.00	$1.21	$2.24	$2.87
Adjusted Weighted Average Diluted Shares Outstanding	0.00	32.65M	38.32M	41.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	37.66M	40.00M	40.13M
Normalized Net Operating Profit after Tax (NOPAT)	44	44	98	130
Normalized NOPAT Margin	8.04%	6.92%	11.06%	11.27%
Pre Tax Income Margin	8.78%	7.75%	12.43%	13.28%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	11.45	8.77	11.98	17.08
NOPAT to Interest Expense	9.08	6.94	9.78	13.65
EBIT Less CapEx to Interest Expense	10.99	8.41	11.67	16.64
NOPAT Less CapEx to Interest Expense	8.62	6.58	9.47	13.21
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Skyward Specialty Insurance Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	24.41%	45.90%	51.32%	31.45%	39.51%	32.98%	25.78%	23.59%
EBITDA Growth	0.00%	0.00%	0.53%	244.94%	3,210.78%	43.29%	125.02%	54.33%	60.03%	-47.18%
EBIT Growth	0.00%	0.00%	0.54%	255.89%	2,304.86%	43.62%	127.23%	55.75%	61.31%	-48.83%
NOPAT Growth	0.00%	0.00%	5.15%	265.84%	2,680.18%	46.85%	119.77%	49.50%	57.62%	-48.09%
Net Income Growth	0.00%	0.00%	-4.63%	284.05%	1,005.00%	43.32%	136.46%	59.21%	68.89%	-50.77%
EPS Growth	0.00%	0.00%	-16.00%	218.75%	480.00%	5.71%	114.29%	47.06%	56.14%	-55.41%
Operating Cash Flow Growth	0.00%	0.00%	133.66%	-93.00%	80.73%	42.40%	-12.07%	1,550.00%	52.64%	-81.70%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-59.25%	-64.08%	-51.48%	-41.01%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-52.71%	-36.22%	-32.47%	-45.02%	-20.61%
Revenue Q/Q Growth	9.56%	18.52%	1.37%	10.84%	13.63%	2.96%	7.58%	5.65%	7.48%	1.17%
EBITDA Q/Q Growth	-112.25%	2,967.88%	-21.83%	25.64%	10.45%	32.10%	22.76%	-13.83%	14.52%	-56.40%
EBIT Q/Q Growth	-117.87%	2,135.58%	-22.13%	25.64%	10.72%	32.59%	23.20%	-13.88%	14.67%	-57.94%
NOPAT Q/Q Growth	-115.70%	2,386.93%	-17.92%	24.14%	10.73%	30.16%	22.84%	-15.55%	16.75%	-57.14%
Net Income Q/Q Growth	-147.36%	951.15%	-23.82%	25.05%	11.61%	34.79%	25.69%	-15.81%	18.40%	-60.71%
EPS Q/Q Growth	-193.75%	566.67%	-40.00%	21.43%	11.76%	29.82%	21.62%	-16.67%	18.67%	-62.92%
Operating Cash Flow Q/Q Growth	235.82%	37.98%	27.59%	-98.82%	8,566.30%	8.71%	-21.21%	-77.77%	701.70%	-86.96%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	3.85%	4.82%	-56.10%	-14.73%	-8.46%	41.60%	-46.63%
Invested Capital Q/Q Growth	0.00%	0.00%	-18.53%	-3.33%	-4.64%	-19.15%	-5.73%	-0.49%	-14.55%	0.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.32%	41.84%	39.50%	40.91%	42.09%	44.21%	45.69%	43.18%	43.33%	35.51%
EBITDA Margin	-0.63%	15.20%	11.72%	13.29%	12.91%	16.57%	18.90%	15.42%	16.43%	7.08%
Operating Margin	-0.87%	14.99%	12.10%	13.75%	13.34%	16.91%	19.21%	15.66%	16.68%	7.12%
EBIT Margin	-0.87%	14.99%	11.52%	13.05%	12.72%	16.38%	18.76%	15.29%	16.31%	6.78%
Profit (Net Income) Margin	-1.52%	10.90%	8.19%	9.24%	9.08%	11.88%	13.88%	11.06%	12.19%	4.73%
Tax Burden Percent	76.94%	78.64%	78.88%	77.76%	78.11%	77.90%	78.30%	76.74%	78.26%	77.64%
Interest Burden Percent	225.94%	92.43%	90.16%	91.03%	91.35%	93.12%	94.51%	94.28%	95.46%	89.87%
Effective Tax Rate	0.00%	21.36%	21.12%	22.24%	21.89%	22.10%	21.70%	23.26%	21.74%	22.36%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	9.29%	7.62%	10.15%	14.41%	15.88%	17.88%	19.05%	20.06%	16.33%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	4.30%	2.99%	3.47%	3.69%	5.46%	6.21%	5.05%	5.52%	2.33%
Return on Assets (ROA)	0.00%	3.12%	2.12%	2.46%	2.63%	3.96%	4.59%	3.65%	4.13%	1.63%
Return on Common Equity (ROCE)	0.00%	9.29%	7.62%	10.15%	14.41%	15.88%	17.88%	19.05%	20.06%	16.33%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	7.62%	10.15%	14.41%	0.00%	15.49%	16.41%	16.76%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.97	22	18	23	25	32	40	34	39	17
NOPAT Margin	-0.61%	11.79%	9.55%	10.69%	10.42%	13.17%	15.04%	12.02%	13.06%	5.53%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.16%	-0.42%	-0.48%	-0.49%	-0.24%	-0.21%	-0.18%	-0.16%	-0.14%
Return On Investment Capital (ROIC_SIMPLE)	-	4.01%	-	-	-	4.11%	-	-	-	1.84%
Cost of Revenue to Revenue	70.68%	58.16%	60.50%	59.09%	57.91%	55.79%	54.31%	56.82%	56.67%	64.49%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.19%	26.85%	27.40%	27.16%	28.75%	27.31%	26.48%	27.52%	26.64%	28.38%
Earnings before Interest and Taxes (EBIT)	-1.38	28	22	27	30	40	50	43	49	21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.99	28	22	28	31	41	50	43	49	22
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.32	1.62	1.83	1.93	1.93	2.04	2.00	2.05	2.55
Price to Tangible Book Value (P/TBV)	0.00	0.40	1.97	2.21	2.31	2.23	2.33	2.28	2.30	2.87
Price to Revenue (P/Rev)	0.00	0.21	1.21	1.28	1.25	1.44	1.47	1.40	1.50	1.76
Price to Earnings (P/E)	0.00	6.55	31.30	22.17	15.33	15.14	13.20	12.23	12.25	17.06
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	15.28%	3.19%	4.51%	6.52%	6.60%	7.58%	8.18%	8.16%	5.86%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.73
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.91
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.31	0.25	0.25	0.24	0.19	0.17	0.16	0.15	0.15
Long-Term Debt to Equity	0.00	0.31	0.25	0.25	0.24	0.19	0.17	0.16	0.15	0.15
Financial Leverage	0.00	-2.44	-2.41	-2.42	-2.45	-2.41	-2.41	-2.38	-2.43	-2.40
Leverage Ratio	0.00	5.29	5.17	5.37	5.32	4.91	4.84	5.01	4.84	4.59
Compound Leverage Factor	0.00	4.89	4.66	4.89	4.86	4.57	4.58	4.72	4.62	4.13
Debt to Total Capital	0.00%	23.37%	20.23%	19.75%	19.38%	16.30%	14.66%	14.12%	12.98%	13.09%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	23.37%	20.23%	19.75%	19.38%	16.30%	14.66%	14.12%	12.98%	13.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	76.62%	79.77%	80.25%	80.62%	83.70%	85.34%	85.88%	87.02%	86.92%
Debt to EBITDA	0.00	2.13	2.22	1.66	1.17	1.04	0.79	0.72	0.65	0.72
Net Debt to EBITDA	0.00	-17.03	-21.17	-16.26	-11.96	-12.78	-11.15	-10.34	-10.48	-11.53
Long-Term Debt to EBITDA	0.00	2.13	2.22	1.66	1.17	1.04	0.79	0.72	0.65	0.72
Debt to NOPAT	0.00	2.89	2.84	2.08	1.47	1.31	0.99	0.91	0.82	0.92
Net Debt to NOPAT	0.00	-23.09	-27.00	-20.48	-14.96	-16.18	-13.94	-13.03	-13.24	-14.72
Long-Term Debt to NOPAT	0.00	2.89	2.84	2.08	1.47	1.31	0.99	0.91	0.82	0.92
Altman Z-Score	0.00	0.73	0.43	0.44	1.05	1.23	0.72	0.69	1.29	1.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	18.69	0.92	0.87	18.89	28.13	1.03	1.02	24.03	23.15
Quick Ratio	0.00	17.04	0.87	0.84	18.12	27.45	1.01	1.00	23.41	22.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	736	764	801	351	300	274	388	207
Operating Cash Flow to CapEx	0.00%	0.00%	17,460.42%	217.47%	0.00%	3,849.68%	36,255.77%	835.19%	44,326.12%	2,035.22%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	341.80	309.75	304.21	126.71	109.91	112.03	174.29	99.16
Operating Cash Flow to Interest Expense	35.04	39.50	49.82	0.52	41.82	43.13	34.57	8.56	75.37	10.47
Operating Cash Flow Less CapEx to Interest Expense	35.04	39.50	49.53	0.28	42.27	42.01	34.47	7.53	75.20	9.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.29	0.26	0.27	0.29	0.33	0.33	0.33	0.34	0.34
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	9.02	10.60	9.96	7.56	10.37	11.61	10.92	8.89	10.54
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	40.47	34.44	36.65	48.29	35.20	31.44	33.41	41.05	34.63
Cash Conversion Cycle (CCC)	0.00	-40.47	-34.44	-36.65	-48.29	-35.20	-31.44	-33.41	-41.05	-34.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-605	-717	-741	-776	-924	-977	-982	-1,125	-1,115
Invested Capital Turnover	0.00	-1.06	-1.89	-2.01	-2.13	-1.16	-1.13	-1.20	-1.15	-1.13
Increase / (Decrease) in Invested Capital	0.00	0.00	-717	-741	-776	-319	-260	-241	-349	-191
Enterprise Value (EV)	0.00	-893	-401	-307	-280	-309	-260	-259	-289	118
Market Capitalization	134	134	824	957	1,031	1,277	1,410	1,447	1,633	2,027
Book Value per Share	$0.00	$25.45	$13.47	$13.88	$14.21	$17.54	$18.37	$18.09	$19.89	$19.80
Tangible Book Value per Share	$0.00	$20.02	$11.09	$11.51	$11.85	$15.20	$16.03	$15.90	$17.70	$17.62
Total Capital	0.00	550	636	651	664	790	811	843	916	914
Total Debt	0.00	129	129	129	129	129	119	119	119	120
Total Long-Term Debt	0.00	129	129	129	129	129	119	119	119	120
Net Debt	0.00	-1,027	-1,225	-1,264	-1,311	-1,585	-1,670	-1,706	-1,922	-1,909
Capital Expenditures (CapEx)	0.00	0.00	0.61	0.58	-1.20	3.11	0.26	2.51	0.38	1.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-48	-1,214	-1,270	-64	-51	-1,430	-1,530	-73	-76
Debt-free Net Working Capital (DFNWC)	0.00	858	-100	-163	1,152	1,380	48	34	1,682	1,688
Net Working Capital (NWC)	0.00	858	-100	-163	1,152	1,380	48	34	1,682	1,688
Net Nonoperating Expense (NNE)	1.43	1.67	2.58	3.06	3.21	3.18	3.07	2.68	2.62	2.43
Net Nonoperating Obligations (NNO)	0.00	-1,027	-1,225	-1,264	-1,311	-1,585	-1,670	-1,706	-1,922	-1,909
Total Depreciation and Amortization (D&A)	0.39	0.39	0.39	0.49	0.46	0.46	0.39	0.36	0.35	0.91
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-7.55%	-178.54%	-170.30%	-7.79%	-5.74%	-148.84%	-148.47%	-6.68%	-6.63%
Debt-free Net Working Capital to Revenue	0.00%	133.51%	-14.65%	-21.87%	139.32%	155.80%	4.99%	3.26%	153.97%	146.72%
Net Working Capital to Revenue	0.00%	133.51%	-14.65%	-21.87%	139.32%	155.80%	4.99%	3.26%	153.97%	146.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.71	$0.43	$0.53	$0.59	$0.79	$0.94	$0.79	$0.91	$0.33
Adjusted Weighted Average Basic Shares Outstanding	0.00	16.57M	32.85M	36.60M	36.74M	36.03M	39.11M	39.18M	40.10M	40.06M
Adjusted Diluted Earnings per Share	$0.00	$0.70	$0.42	$0.51	$0.57	$0.74	$0.90	$0.75	$0.89	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	0.00	32.65M	36.95M	38.14M	38.40M	38.32M	41.09M	41.17M	41.43M	41.38M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	37.66M	37.66M	37.67M	37.68M	40.00M	40.00M	40.10M	40.10M	40.13M
Normalized Net Operating Profit after Tax (NOPAT)	-0.97	22	18	23	25	32	40	34	39	17
Normalized NOPAT Margin	-0.61%	11.79%	9.55%	10.69%	10.42%	13.17%	15.04%	12.02%	13.06%	5.53%
Pre Tax Income Margin	-1.97%	13.86%	10.38%	11.88%	11.62%	15.25%	17.73%	14.42%	15.57%	6.10%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.79	13.21	10.16	11.14	11.56	14.54	18.23	17.48	22.02	9.87
NOPAT to Interest Expense	-0.56	10.39	8.43	9.13	9.47	11.69	14.61	13.74	17.63	8.05
EBIT Less CapEx to Interest Expense	-0.79	13.21	9.88	10.91	12.02	13.42	18.13	16.45	21.85	9.36
NOPAT Less CapEx to Interest Expense	-0.56	10.39	8.14	8.89	9.93	10.57	14.52	12.72	17.46	7.54
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Skyward Specialty Insurance Group's Financials

When does Skyward Specialty Insurance Group's financial year end?

According to the most recent income statement we have on file, Skyward Specialty Insurance Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Skyward Specialty Insurance Group's net income changed over the last 3 years?

Skyward Specialty Insurance Group's net income appears to be on an upward trend, with a most recent value of $118.83 million in 2024, rising from $38.32 million in 2021. The previous period was $85.98 million in 2023.

What is Skyward Specialty Insurance Group's operating income?

Skyward Specialty Insurance Group's total operating income in 2024 was $166.63 million, based on the following breakdown:

Total Gross Profit: $480.39 million
Total Operating Expenses: $313.76 million

How has Skyward Specialty Insurance Group revenue changed over the last 3 years?

Over the last 3 years, Skyward Specialty Insurance Group's total revenue changed from $550.18 million in 2021 to $1.15 billion in 2024, a change of 109.1%.

How much debt does Skyward Specialty Insurance Group have?

Skyward Specialty Insurance Group's total liabilities were at $2.94 billion at the end of 2024, a 28.1% increase from 2023, and a 73.5% increase since 2021.

How much cash does Skyward Specialty Insurance Group have?

In the past 3 years, Skyward Specialty Insurance Group's cash and equivalents has ranged from $42.11 million in 2021 to $121.60 million in 2024, and is currently $121.60 million as of their latest financial filing in 2024.

How has Skyward Specialty Insurance Group's book value per share changed over the last 3 years?

Over the last 3 years, Skyward Specialty Insurance Group's book value per share changed from 26.12 in 2021 to 19.80 in 2024, a change of -24.2%.

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This page (NASDAQ:SKWD) was last updated on 4/16/2025 by MarketBeat.com Staff

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Skyward Specialty Insurance Group (SKWD) Financials

Frequently Asked Questions About Skyward Specialty Insurance Group's Financials

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Skyward Specialty Insurance Group (SKWD) Financials

Annual Income Statements for Skyward Specialty Insurance Group

Quarterly Income Statements for Skyward Specialty Insurance Group

Annual Cash Flow Statements for Skyward Specialty Insurance Group

Quarterly Cash Flow Statements for Skyward Specialty Insurance Group

Annual Balance Sheets for Skyward Specialty Insurance Group

Quarterly Balance Sheets for Skyward Specialty Insurance Group

Annual Metrics and Ratios for Skyward Specialty Insurance Group

Quarterly Metrics and Ratios for Skyward Specialty Insurance Group

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