SKWD Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:15 PM CDT 31 min read

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Date

Thursday, May 7, 2026 astatine 10:00 a.m. ET

Call participants

• Chief Executive Officer — Andrew Robinson

• Chief Financial Officer — Mark Hochul

• Head of Investor Relations — Natalie Schoolcraft

Full Conference Call Transcript

Andrew Robinson: Good morning, and convey you for joining us. This 4th marks our archetypal reporting astatine Skyward Specialty Insurance Group, Inc. inclusive of some the Skyward Specialty Insurance Group, Inc. and Apollo segments. Our results bespeak an fantabulous commencement arsenic a combined company. Mark volition screen the 4th successful item successful a moment, but I volition commencement with a fewer highlights. First 4th diluted operating EPS improved to $1.25 from $0.90 successful the aforesaid 4th past year, an awesome summation of 39% reflecting some the beardown embedded net maturation of Skyward Specialty Insurance Group, Inc. and the realized accretion from the Apollo acquisition. Our annualized operating instrumentality connected equity was an outstanding 20%.

Our publication worth per stock grew to $27.50, up 10% implicit the anterior quarter. Altogether, these results bespeak beardown underlying net momentum and disciplined superior deployment, positioning america good to proceed to present accordant apical quartile returns for our shareholders. Our maturation successful gross written premiums connected a pro forma ground was up 10% implicit the anterior year. Managed premiums were up 20% connected a pro forma ground to $968 million. As a reminder, managed premiums see a operation of radical premiums and premiums supported by third-party superior providers. The underlying 49% maturation successful gross written premiums driving the interest facet of Apollo's concern volition beryllium an important and caller net maturation operator arsenic we look retired into the future.

As is wide discussed, marketplace conditions are progressively challenging for important parts of the P&C sector. Our portfolio operation is genuinely unsocial amongst the P&C beingness successful that implicit 50% of the Skyward Specialty Insurance Group, Inc. business, present inclusive of Syndicate 1971 oregon iBot, our integer system syndicate, is successful markets little exposed to the P&C cycles. Together with our niche-focused strategy and outstanding execution, Skyward Specialty Insurance Group, Inc. has ne'er been amended positioned to present sustained apical quartile shareholder worth and continued net growth. With that, I volition crook the telephone implicit to Mark to supply the fiscal details for the quarter. Mark?

Mark Hochul: Thank you, Andrew, and bully morning, everyone. As Andrew outlined, our archetypal 4th reflects a palmy commencement arsenic a combined company, reporting nett income of $50 cardinal and operating income of $57 million. Diluted operating net per stock was $1.25, up 39% twelvemonth implicit year. Underwriting income totaled $52 million, and the combined ratio was 89.5, inclusive of 1.8 points of catastrophe losses. Ex-cat, the combined ratio was 87.7, reflecting beardown underlying nonaccomplishment show and disciplined disbursal management. Annualized operating ROE was 20.3%, underscoring the net powerfulness of the combined group. Gross written premiums were $668 million, up astir 10% connected a pro forma ground driven by 9% maturation successful Skyward Specialty Insurance Group, Inc. and 9% maturation successful Apollo.