Skyward Specialty Insurance Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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Skyward Specialty Insurance Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 210.52 million compared to USD 144.29 million a year ago. Net income was USD 19.45 million compared to USD 5.07 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.16 a year ago.
For the six months, revenue was USD 400.45 million compared to USD 296.96 million a year ago. Net income was USD 35.01 million compared to USD 21.38 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 0.66 a year ago.
Skyward Specialty Insurance Group, Inc. is a specialty insurance company. The Company is focused on delivering commercial property casualty (P&C) products and solutions on a non-admitted (E&S) and admitted basis, predominantly in the United States. It operates through eight underwriting divisions: Accident & Health, Captives, Global Property and Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S. Its Accident & Health (A&H) underwriting division provides a medical stop loss solution targeting organizations with less than 2,500 employees. Its Captives underwriting division provides group captive solutions by drawing on its underwriting and claims expertise from other underwriting divisions to create group captives for companies seeking to self-insure. Its Industry Solutions underwriting division includes three underwriting units that each provide multiple coverages to the businesses they serve: Construction, Energy and Specialty Trucking.
SKYWARD SPECIALTY INSURANCE GROUP, INC. 
