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SKWDSkyward Specialty Insurance Group, Inc.
$60.35$2.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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SKWD logo

Skyward Specialty Insurance Group, Inc.

SKWD
NASDAQ · Specialty Insurers
$60.35
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.45B
P/E14.8x
52W High$65.69
Volume873.82K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Premium Growth Drives Margin Expansion

Skyward Specialty is executing strongly in a hardening market, with Q2 2026 revenue up 48.7% year-over-year to $476.9M and a combined ratio of 86.7%, indicating robust underwriting discipline. The company's conservative leverage (D/E of 0.34) and robust cash conversion (OCF/NI of 1.38) support its growth trajectory.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

SKWD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-7% Peers

P/E is 7% below peer median

03

Market leadership

RS 84 · Leader

High momentum (Outperforming 84% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SKWD+24.13%
S&P 500 (^GSPC)+7.63%
1-Year Return
SKWD+32.17%
S&P 500 (^GSPC)+9.69%
3-Year Return
SKWD+117.87%
S&P 500 (^GSPC)+58.49%
5-Year Return
SKWD+215.97%
S&P 500 (^GSPC)+46.81%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
14.8x
Forward P/EExpansion
12.0x
EV/EBITDA67th %ile
12.1x
FCF YieldCash Flow
18.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
14.8x
15.1x
33rd· Fair
EV/EBITDA
12.1x
11.9x
67th· Fair
Price/FCF
5.5x
5.3x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$40.51-32.9%
Base (Fair)$79.45+31.6%
Bull$131.88+118.5%
$40.51 Bear$79.45 Base$131.88 Bull
Current Market Price: $60.35
Trades at a 24.0% discount to Base DCF ($79.45)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.41B+23.2% YoY
Net income FY25
$170M+43.1% YoY
Free cash flow FY25
$403M+33.8% YoY
Operating margin FY25
15.3%+2.0 pts YoY
ROIC (FY25)18.5%
Avg ROIC 5Y13.3%
ROE (TTM)16.1%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$1.28+4.9%
vs $1.22
$455M-39.6%
vs $754M
Q3 2026
Aug 4, 2026
$1.30+11.1%
vs $1.17
$741M+4.8%
vs $707M
Q2 2026
May 6, 2026
$1.25+12.6%
vs $1.11
$668M+0.4%
vs $665M
Q1 2026
Feb 23, 2026
$1.17+21.9%
vs $0.96
$440M+1.3%
vs $434M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·1d ago
Skyward Specialty Insurance Group, Inc. (SKWD) Q3 2026 Earnings Call Transcript

Skyward Specialty Insurance Group, Inc. ( SKWD ) Q3 2026 Earnings Call November 6, 2026 10:00 AM EST Company Participants Jordan Arnold - Vice President of Investor Relations Andrew Robinson - Chairman of the Board & CEO Mark Haushill - Chief Financial Officer Taryn McHarg - Group CFO & Director Conference Call Participants Gregory Peters Matthew Carletti - Citizens JMP Securities, LLC, Research Division Mark Hughes - Truist Securities, Inc., Research Division Tracy Benguigui - Wolfe Research, LLC Michael Zaremski - BMO Capital Markets Equity Research Jon Paul Newsome - Piper Sandler & Co., Research Division Andrew Kligerman - TD Cowen, Research Division Presentation Operator Hello, and welcome to the Third Quarter Skyward Group Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

MarketBeat·1d ago
Skyward Specialty Insurance Group Q3 Earnings Call Highlights

Skyward Specialty Insurance Group NASDAQ: SKWD reported higher operating earnings and premium growth for the third quarter of 2026, even as executives described increasing competition in parts of the property and casualty insurance markets.

Zacks Investment Research·2d ago
Skyward Specialty Insurance (SKWD) Q3 Earnings Beat Estimates

Skyward Specialty Insurance (SKWD) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.05 per share a year ago.

Zacks Investment Research·2d ago
Skyward (SKWD) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for Skyward (SKWD) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Filtered for Skyward Specialty Insurance Group, Inc.More Headlines
04

Compare before deciding

Benchmark SKWD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Skyward Specialty Insurance Group, Inc. (SKWD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SKWD logoSKWDSkyward Specialty Insurance Group, Inc.Current
$60.35$2.45B14.8323.18%11.19%16.06%—
JRVR logoJRVRJames River Group Holdings, Ltd.
$3.89$179.86M5.98-2.83%4.68%4.68%4.23%
HRTG logoHRTGHeritage Insurance Holdings, Inc.
$33.22$1.01B4.583.71%27.39%39.41%—
ACGL logoACGLArch Capital Group Ltd.
$107.28$37.48B8.3714.27%23.19%18.35%0.02%
RLI logoRLIRLI Corp.
$68.35$6.27B15.966.33%20.34%22.5%3.83%
KNSL logoKNSLKinsale Capital Group, Inc.
$383.73$8.74B16.4418.04%26.89%26.66%0.18%

Compare SKWD vs Peers

Skyward Specialty Insurance Group, Inc. (SKWD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs JRVR

Most directly comparable listed peer for SKWD.

Scale Benchmark

vs MRSH

Larger-name benchmark to compare SKWD against a more recognizable public peer.

Peer Set

Compare Top 5

vs JRVR, HRTG, ACGL, RLI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SKWD SEC Filings & Documents

Skyward Specialty Insurance Group, Inc. (SKWD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 20, 2026·SEC

Material company update

Aug 4, 2026·SEC

Material company update

Jul 15, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Apr 1, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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SKWD Frequently Asked Questions

Skyward Specialty Insurance Group, Inc. (SKWD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Skyward Specialty Insurance Group, Inc. growing?

Skyward Specialty Insurance Group, Inc. (SKWD) grew revenue by 28.1% over the trailing twelve months, compared with the twelve months before.

Is SKWD profitable?

Yes. Skyward Specialty Insurance Group, Inc. (SKWD) earned $191.8M in net income over the trailing twelve months (a 11.2% net margin).

Dividend & Returns
What is SKWD's return on equity?

Skyward Specialty Insurance Group, Inc. (SKWD) had a return on equity (ROE) of 16.1% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics
What is Skyward Specialty Insurance Group, Inc.'s combined ratio?

Skyward Specialty Insurance Group, Inc. (SKWD) has a combined ratio of 84.9%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in SKWD back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →