Skyward Specialty Insurance Group (SKWD) investor relations material

Corporate scale and financial strength

• Market capitalization reached $2.1 billion as of December 31, 2025, with gross written premiums of $2.7 billion and managed premiums of $4 billion as of March 31, 2026.

• AM Best rating of A (Excellent) and book value per share of $27.50 as of March 31, 2026.

• Operating EPS growth of 39% and a combined ratio of 89.5% as of March 31, 2026.

• Named a top 7 commercial carrier in the S&P 500, led by an experienced leadership team.

Top quartile financial performance

• Dual US and Lloyd's platforms provide diversified, high-margin specialty segments and capital flexibility.

• Average net combined ratio of 90.8% from 2023 to 2025, indicating strong underwriting profitability with low volatility.

• Gross written premiums grew from $1.14B in 2022 to $2.17B in 2025, with adjusted operating income rising from $59M to $167M.

• Book value per share increased to $27.50 in 2025, with a return on equity of 18.9% and return on tangible equity of 20.9%.

Unmatched portfolio diversification and growth engines

• Operates across 11 underwriting divisions, with the largest representing only 13% of total GWP.

• Nearly half the portfolio is in low P&C cycle-sensitive lines, supporting stable earnings.

• Fee-generating premiums add $1.5B to underwriting premiums, resulting in $4.2B managed premiums as of March 31, 2026.

• Fee-driven premiums are capital-light, recurring, and a key growth lever.