← Skyward Specialty Insurance Group, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Short-term investments, at fair value | $164.3m | $121.2m | $270.2m | $274.9m | $264.3m | |
| Cash and cash equivalents | $42.1m | $45.4m | $65.9m | $121.6m | $168.5m | |
| Premiums receivable, net | $112.2m | $139.2m | $179.2m | $321.6m | $544.2m | |
| Other long-term investments | $132.1m | $129.1m | $114.5m | $33.2m | $58.6m | |
| Goodwill and intangible assets, net | $91.3m | $89.9m | $88.4m | $87.3m | $88.0m | |
| Other assets | $90.7m | $82.8m | $75.3m | $86.7m | $137.2m | |
| Fixed maturity securities, available-for-sale, at fair value (net of allowance for credit losses of $7,000 and $0, respectively) (amortized cost of $1,848,755 and $1,320,266, respectively) | $458.4m | $607.6m | $1.0b | $1.3b | $1.9b | |
| Fixed maturity securities, held-to-maturity, at amortized cost (net of allowance for credit losses of $468 and $243, respectively) | $47.1m | $52.5m | $43.0m | $39.2m | $32.8m | |
| Equity securities, at fair value | $118.0m | $120.2m | $118.2m | $106.3m | $1.2m | |
| Mortgage loans, at fair value | $29.5m | $51.9m | $50.1m | $26.5m | $9.9m | |
| Equity method investments | — | — | $110.7m | $98.6m | $77.4m | |
| Restricted cash | $65.2m | $79.6m | $34.4m | $35.9m | $30.6m | |
| Reinsurance recoverables, net | $536.3m | $581.4m | $596.3m | $857.9m | $1.1b | |
| Ceded unearned premium | $138.0m | $157.6m | $186.1m | $203.9m | $238.9m | |
| Deferred policy acquisition costs | $59.5m | $68.9m | $92.0m | $113.2m | $136.1m | |
| Deferred income taxes | $33.7m | $36.2m | $22.0m | $30.5m | $27.9m | |
| Reserves for losses and loss adjustment expenses | $979.5m | $1.1b | $1.3b | $1.8b | $2.3b | |
| Unearned premiums | $363.3m | $442.5m | $552.5m | $637.2m | $774.0m | |
| Deferred ceding commission | $30.5m | $29.8m | $37.1m | $40.4m | $46.5m | |
| Reinsurance and premium payables | $119.9m | $113.7m | $150.2m | $177.1m | $279.9m | |
| Funds held for others | $29.6m | $36.9m | $58.6m | $102.7m | $128.0m | |
| Carrying Value | $50.0m | $50.0m | $50.0m | $100.0m | $100.4m | |
| Subordinated debt, net of debt issuance costs | $78.5m | $78.6m | $78.7m | $19.5m | $19.6m | |
| Total investments | $949.4m | $1.1b | $1.6b | $1.9b | $2.3b | |
| Total stockholders’ equity | $426.1m | $421.7m | $661.0m | $794.0m | $1.0b | |
| Total assets | $2.1b | $2.4b | $3.0b | $3.7b | $4.8b | |
| Total liabilities and stockholders’ equity | $2.1b | $2.4b | $3.0b | $3.7b | $4.8b | |
| Accounts payable and accrued liabilities | $40.8m | $48.5m | $50.9m | $76.2m | $115.0m | |
| Total liabilities | $1.7b | $1.9b | $2.3b | $2.9b | $3.8b | |
| Common stock, $0.01 par value, 500,000,000 shares authorized, 40,511,222 and 40,127,908 shares issued and outstanding, respectively | 168k | 168k | 399k | 401k | 405k | |
| Additional paid-in capital | $575.2m | $577.3m | $710.9m | $718.6m | $730.6m | |
| Accumulated other comprehensive income (loss) | $4.6m | ($43.5m) | ($23.0m) | ($22.1m) | $11.5m | |
| Retained earnings | ($144.8m) | ($105.4m) | ($21.7m) | $97.1m | $267.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.