SKWD - Skyward Specialty Insurance Group, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$70.60
DETAILS
HIGH:
$80.00
LOW:
$63.00
MEDIAN:
$66.00
CONSENSUS:
$70.60
UPSIDE:
48.79%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 1,413.7 | 1,147.7 | 895.4 | 636.4 | 535.8 | 447.9 | 218.2 | 98.4 |
| Cost of Revenue | 795.0 | 819.8 | 623.8 | 468.2 | 401.5 | 399.2 | 0 | 0 |
| Gross Profit | 622.1 | 327.9 | 271.7 | 168.2 | 134.4 | 48.7 | 218.2 | 98.4 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 38.9 | 35.6 |
| Other Expenses | 405.7 | 175.2 | 161.6 | 118.4 | 86.0 | 143.3 | 0 | 0 |
| Operating Expenses | 405.7 | 175.2 | 161.6 | 118.4 | 86.0 | 143.3 | 197.2 | 97.8 |
| Operating Income | ||||||||
| Operating Income | 216.4 | 152.7 | 110.1 | 49.8 | 48.3 | (94.5) | 21.0 | 0.5 |
| Interest Expense | 7.9 | 9.5 | 10.0 | 6.4 | 4.6 | 5.5 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 4.3 | 4.4 |
| Profitability | ||||||||
| EBITDA | 227.9 | 165.6 | 124.0 | 60.3 | 58.5 | (83.0) | (4.3) | 0.9 |
| EBIT | 224.3 | 162.2 | 120.1 | 56.2 | 52.9 | (89) | 16.7 | 1.4 |
| Income Before Tax | 216.4 | 152.7 | 110.1 | 49.8 | 48.3 | (94.5) | 16.7 | (3.9) |
| Income Tax Expense | 46.4 | 33.9 | 24.1 | 10.4 | 10.0 | (19.9) | 5.9 | (2.7) |
| Net Income | 170.0 | 118.8 | 86.0 | 39.4 | 38.3 | (74.6) | 10.9 | (1.2) |
| Per Share Data | ||||||||
| EPS (Basic) | 4.21 | 2.96 | 2.34 | 1.05 | 1.21 | -1.99 | 0.29 | -0.03 |
| EPS (Diluted) | 4.07 | 2.87 | 2.24 | 1.05 | 1.18 | -2.14 | 0.29 | -0.03 |
| Shares Outstanding | 40.4 | 40.1 | 36.0 | 37.6 | 32.5 | 34.9 | 37.6 | 37.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2013 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 168.5 | 121.6 | 65.9 | 45.4 | 42.1 | 15.9 | 77.2 |
| Short-Term Investments | 1,383.1 | 1,053.6 | 1,287.9 | 728.7 | 622.6 | 59.0 | 0 |
| Net Receivables | 1,664.1 | 1,179.5 | 775.6 | 720.6 | 648.5 | 163.3 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 30.6 | 0 | (2,315.5) | (1,652.4) | (1,451.2) | 0 | 0 |
| Total Current Assets | 3,485.3 | 2,558.6 | 0 | 0 | 0 | 238.2 | 77.2 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 15.1 | 15.3 | 9.1 | 8.7 | 9.6 | 22.6 | 11.1 |
| Goodwill | 65.7 | 65.7 | 65.7 | 65.7 | 65.7 | 64.1 | 22.6 |
| Intangible Assets | 158.4 | 21.6 | 22.7 | 24.1 | 25.6 | 20.0 | 49.5 |
| Long-Term Investments | 917.4 | 1,811.1 | 325.8 | 353.6 | 326.7 | 0 | 0 |
| Other Non-Current Assets | 122.0 | (743.0) | 2,530.1 | 1,911.3 | 1,690.5 | (82.8) | 774.2 |
| Total Non-Current Assets | 1,306.6 | 1,170.8 | 2,953.4 | 2,363.4 | 2,118.2 | 23.8 | 857.4 |
| Total Assets | 4,791.9 | 3,729.5 | 2,953.4 | 2,363.4 | 2,118.2 | 487.2 | 934.6 |
| Current Liabilities | |||||||
| Account Payables | 394.9 | 253.3 | 201.0 | 162.2 | 160.7 | 41.1 | 0 |
| Short-Term Debt | 0 | 43 | 50 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 774.0 | 0 | 552.5 | 442.5 | 363.3 | 0 | 0 |
| Other Current Liabilities | 2,493.3 | 102.7 | 1,410.1 | 1,208.5 | (524.0) | 0 | 0 |
| Total Current Liabilities | 3,662.3 | 398.9 | 2,213.7 | 1,813.2 | 0 | 41.1 | 34.9 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 120.0 | 76.5 | 78.7 | 128.6 | 128.5 | 32.1 | 99.8 |
| Deferred Tax Liabilities | 0 | 0 | 27.1 | 18.9 | 14.3 | 0 | 0 |
| Other Non-Current Liabilities | (46.5) | 2,419.6 | 1,367.0 | 996.1 | 805.3 | 0 | 601.6 |
| Total Non-Current Liabilities | 120.0 | 2,536.5 | 1,507.1 | 1,179.8 | 987.1 | 41.1 | 701.4 |
| Total Liabilities | 3,782.3 | 2,935.5 | 2,292.4 | 1,941.8 | 1,692.1 | 411.4 | 736.3 |
| Stockholders' Equity | |||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.2 | 0.2 | 0.0 | 0.3 |
| Retained Earnings | 267.1 | 97.1 | (21.7) | (105.4) | (144.8) | (183.1) | (175.0) |
| Accumulated Other Comprehensive Income | 11.5 | (22.1) | (23.0) | (43.5) | 4.6 | 9.7 | (3.2) |
| Total Stockholders' Equity | 1,009.6 | 794.0 | 661.0 | 421.7 | 426.1 | 75.8 | 198.3 |
| Total Liabilities & Equity | 4,791.9 | 3,729.5 | 2,953.4 | 2,363.4 | 2,118.2 | 487.2 | 934.6 |
| Debt Metrics | |||||||
| Total Debt | 120.0 | 119.5 | 128.7 | 128.6 | 128.5 | 32.1 | 99.8 |
| Net Debt | (48.6) | (2.1) | 62.8 | 83.2 | 86.4 | 16.2 | 22.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 170.0 | 118.8 | 86.0 | 39.4 | 38.3 | (74.6) | 10.9 | (1.2) |
| Depreciation & Amortization | 3.5 | 3.4 | 3.9 | 4.1 | 5.6 | 6.0 | 0 | 0 |
| Stock-Based Compensation | 12.0 | 9.4 | 8.5 | 2.3 | 0.5 | (0.0) | 0 | 0 |
| Change in Working Capital | 274.0 | 194.8 | 234.7 | 153.2 | 151.6 | 79.7 | 0 | 0 |
| Other Non-Cash Items | (51.5) | (12.6) | (4.3) | (0.3) | (30.7) | 53.3 | (10.9) | 1.2 |
| Operating Cash Flow | 408.1 | 305.1 | 338.2 | 208.9 | 175.3 | 44.7 | 0 | 0 |
| Investing Activities | ||||||||
| Capital Expenditure | (5.5) | (4.2) | (3.2) | (2.3) | (2.2) | (2.1) | 0 | 0 |
| Acquisitions | 0 | (32.2) | 0 | 0 | (2.4) | 0 | 0 | 0 |
| Purchases of Investments | (916.9) | (636.6) | (636.4) | (327.2) | (363.5) | (201.7) | 0 | 0 |
| Sales/Maturities of Investments | 336.8 | 383.7 | 127.2 | 138.8 | 205.5 | 160.3 | 0 | 0 |
| Other Investing Activities | 218.6 | 45.5 | 18.5 | (2.6) | (20.4) | (31.4) | 0 | 0 |
| Investing Cash Flow | (366.9) | (243.7) | (493.8) | (193.4) | (183.0) | (74.9) | 0 | 0 |
| Financing Activities | ||||||||
| Net Debt Issuance | 0.4 | (9.8) | 1.4 | 2.2 | 1.4 | (33.8) | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | (0.5) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | (1.4) | (2.2) | (1.4) | 0 | 0 | 0 |
| Financing Cash Flow | 0.4 | (4.2) | 130.9 | 2.2 | 1.4 | 56.3 | 0 | 0 |
| Cash Position | ||||||||
| Net Change in Cash | 41.6 | 57.2 | (24.7) | 17.7 | (6.3) | 26.1 | 0 | 0 |
| Cash at Beginning | 157.5 | 100.3 | 125.0 | 107.3 | 113.6 | 87.5 | 0 | 0 |
| Cash at End | 199.1 | 157.5 | 100.3 | 125.0 | 107.3 | 113.6 | 0 | 0 |
| Free Cash Flow | 402.6 | 300.9 | 335.0 | 206.6 | 173.1 | 42.6 | 0 | 0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 1,413.7 | 1,147.7 | 895.4 | 636.4 | 535.8 | 447.9 | 218.2 | 98.4 |
| Gross Profit | 622.1 | 327.9 | 271.7 | 168.2 | 134.4 | 48.7 | 218.2 | 98.4 |
| Operating Income | 216.4 | 152.7 | 110.1 | 49.8 | 48.3 | (94.5) | 21.0 | 0.5 |
| Net Income | 170.0 | 118.8 | 86.0 | 39.4 | 38.3 | (74.6) | 10.9 | (1.2) |
| EPS (Diluted) | 4.07 | 2.87 | 2.24 | 1.05 | 1.18 | -2.14 | 0.29 | -0.03 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 168.5 | 121.6 | 65.9 | 45.4 | 42.1 | 15.9 | 77.2 | |
| Total Assets | 4,791.9 | 3,729.5 | 2,953.4 | 2,363.4 | 2,118.2 | 487.2 | 934.6 | |
| Total Debt | 120.0 | 119.5 | 128.7 | 128.6 | 128.5 | 32.1 | 99.8 | |
| Stockholders' Equity | 1,009.6 | 794.0 | 661.0 | 421.7 | 426.1 | 75.8 | 198.3 | |
| Cash Flow | ||||||||
| Operating Cash Flow | 408.1 | 305.1 | 338.2 | 208.9 | 175.3 | 44.7 | 0 | 0 |
| Capital Expenditure | (5.5) | (4.2) | (3.2) | (2.3) | (2.2) | (2.1) | 0 | 0 |
| Free Cash Flow | 402.6 | 300.9 | 335.0 | 206.6 | 173.1 | 42.6 | 0 | 0 |