SKWD Earnings Prediction
The chart below shows how SKWD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SKWD sees a -1.79% change in stock price 10 days leading up to the earnings, and a +2.57% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
SKWD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
312.06M
29.56%
6.20%
Gross Margin
--
--
--
Operating Margin
9.08%
-36.19%
-36.24%
Net Margin
4.62%
-61.98%
-62.98%
EPS
0.35
-52.05%
-60.67%
No Data Available
SKWD Earnings Analysis
Skyward Specialty Insurance Group Inc Corporation (SKWD.O) Earnings Conference Call
Positive
Strong Underwriting Performance: Adjusted operating income of $0.80 per diluted share for Q4 2024, driven by strong underwriting and investment results.
Adjusted Operating Income Increase: Full year adjusted operating income of $2.87 per diluted share, up over 28% compared to 2023.
Book Value Increase: Book value per share increased by 18% to $19.79, indicating strong financial health.
Return on Equity Performance: Full year return on equity of 16.3%, demonstrating effective capital management.
Top Line Growth Resilience: 19% full year top line growth, showcasing resilience in the current market environment.
Premium Growth Highlights: Gross written premiums grew by 21% for Q4 and 19% for the year, with significant contributions from various segments.
Premium Growth Surge: Net written premiums grew by 23% for the year, reflecting strong demand and retention rates.
Effective Cost Management: Adjusted combined ratio of 91.6% for Q4, indicating effective cost management despite cat losses.
Reserve Position Enhancement: Increased reserves by $25.3 million, enhancing the strength of the reserve position.
Net Investment Income Increase: Net investment income of $20.7 million for Q4 and $80.7 million for the year, up over $40 million compared to 2023.
Improved Investment Performance: Embedded yield on investments improved to 5.1% at year-end, indicating better investment performance.
Financial Flexibility Through Low Debt: Low debt to capital ratio of 13%, providing financial flexibility for future growth.
2025 Net Income Projections: Expectations for 2025 include net income between $138 million and $150 million, indicating continued profitability.
Insurance Submission Growth: Strong submission growth in the teens, reflecting ongoing demand for insurance products.
Top Performing P&C Company: Recognition as a top performing P&C company by S&P Global, affirming market position and operational success.
Negative
Operating Combined Ratio Increase: The adjusted operating combined ratio for the year was slightly elevated compared to 2023, driven by an increase in the cat loss ratio.
Reserve Increase Impact: Increased reserves by $25.3 million related to losses from accident years 2018 and prior, impacting the combined ratio by 4.2 points in the quarter.
Professional Lines Growth Decline: The professional lines growth was down slightly due to softening conditions in targeted lines, with expectations for reversal in 2025 being uncertain.
Selective Growth Strategy: The company faced challenges with loss cost inflation, leading to a selective growth strategy in certain areas.
Submission Growth Decline: Submission growth was modestly down from previous quarters, indicating potential market challenges ahead.
SKWD FAQs
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SKWD Earning Call Sentiment
Skyward Specialty Insurance Group, Inc. (SKWD) Q4 2024 Earnings Call Transcript
SKWD.O
-0.26%Positive
The earnings call indicates strong financial performance with a 21% growth in gross written premiums and improved retention rates. The company also launched new initiatives and maintained a low debt-to-capital ratio. The Q&A session revealed cautious optimism, with management addressing potential risks like loss inflation and emphasizing organic growth over M&A. The shareholder return plan includes a $50 million share repurchase program. Overall, the positive financial metrics and strategic initiatives suggest a positive stock price movement, considering the company's market cap.
