Filing Flows › Skyward Specialty Insurance Group (SKWD) › Q1 2025
Skyward Specialty Insurance Group (SKWD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Skyward Specialty Insurance Group (SKWD) reported revenue of $329M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +8% from the quarter before. Operating margin was 15.7%, net earnings $42.1M (12.8% of revenue).
Skyward Specialty Insurance Group, Q1 2025: revenue $329M (+24% year over year), operating margin 15.7%, net earnings $42.1M, operating cash flow $96.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $329M | +8% | +24% |
| Operating profit | $51.4M | +177% | +9% |
| Net earnings | $42.1M | +192% | +14% |
| Operating cash flow | $96.8M | +342% | +3% |
| Free cash flow | $96.6M | +364% | +3% |
What changed
Revenue was $328.5M in Q1 2025, up 24% year over year and up 8% from the previous quarter.
Operating profit was $51.4M, a 15.7% margin (down 2.1 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, below the 18% margin then. Total costs grew 27% against revenue growth of 24%. Net earnings were $42.1M, up 14% year over year. The effective tax rate was 18.2%.
Operating cash flow was $96.8M (up 3% year over year), 230% of net earnings. Working capital and other items added $54.7M. Capital expenditures of $202K left free cash flow of $96.6M.
Questions
What was Skyward Specialty Insurance Group's revenue in the first quarter 2025?
Skyward Specialty Insurance Group (SKWD) reported revenue of $329M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +8% from the quarter before.
Was Skyward Specialty Insurance Group profitable in the first quarter 2025?
Operating profit was $51.4M (15.7% of revenue) and net earnings $42.1M.
Source: Skyward Specialty Insurance Group 10-Q on SEC EDGAR.