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Skyward Specialty Insurance Group (SKWD) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Skyward Specialty Insurance Group (SKWD) Q3 2026 earnings results →
Q3 2026 Revenue up 19% year over year to $455M · 11¢ of every $1 of revenue kept as net profit · operating margin 14.0%
Skyward Specialty Insurance Group made $455M in Q3 2026 (+19% Y/Y). Operating margin 14.0%, net earnings $49.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
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What changed this quarter
Revenue was $455.3M in Q3 2026, up 19% year over year and down 7% from the previous quarter.
Operating profit was $63.6M, a 14.0% margin (down 1.9 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 16% margin then. Total costs grew 22% against revenue growth of 19%. The fastest-growing cost line was General & admin (+38%). Net earnings were $49.8M, up 8% year over year. The effective tax rate was 21.8%.
Operating cash flow was $205.1M (up 20% year over year), 412% of net earnings. Working capital and other items added $155.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $455M | +19% | 14.0% | $49.8M | $205M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $490M | +53% | 13.0% | $49.0M | $67.6M |
| Q1 2026 | 10-Q | May 11, 2026 | $476M | +45% | 13.0% | $49.7M | $117M |
| Q4 2025 | 10-K | Mar 2, 2026 | $386M | +27% | 14.2% | $43.2M | $51.8M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $383M | +27% | 15.8% | $45.9M | $171M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $320M | +14% | 15.6% | $38.8M | $88.2M |
| Q1 2025 | 10-Q | May 7, 2025 | $329M | +24% | 15.7% | $42.1M | $96.8M |
Charts
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📈Investments: gains and what it boughtinteractive
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About Skyward Specialty Insurance Group
Skyward Specialty was formed as a Delaware corporation on January 3, 2006 as an insurance holding company. We operated under the name Houston International Insurance Group, Ltd. until we re-branded as Skyward Specialty in November 2020. References to “the Company,” “we,” “our,” “us” or like terms refer to the business of Skyward Specialty Insurance Group, Inc. and its subsidiaries. We are a growing specialty insurance company delivering commercial insurance products and solutions on a non-admitted (or E&S) and admitted basis, predominantly in the United States. We focus our business on markets that are underserved, dislocated and/or for which standard insurance coverages are insufficient or inadequate to meet the needs of businesses, including our customers and prospective customers operating in these markets.
In its own words, from its 10-K, filed Mar 2, 2026.
Skyward Specialty Insurance Group against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +3%. Operating margin: 14.0% against the peers' median 15.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SKWD Skyward Specialty Insurance Group | Q3 2026 | $455M | +19% | 14.0% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Skyward Specialty Insurance Group 10-Q on SEC EDGAR · CIK 1519449 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns SKWD and who is buying
More on SKWD
- How Skyward Specialty Insurance Group makes money: revenue by segment
- Skyward Specialty Insurance Group next earnings date and what analysts expect
- Skyward Specialty Insurance Group stock forecast, price target and fair value
- Who owns Skyward Specialty Insurance Group stock: holders, funds and Congress trades
- Skyward Specialty Insurance Group guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
Compare SKWD with
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- Skyward Specialty Insurance Group vs Horace Mann Educators (SKWD vs HMN)