Filing Flows › Skyward Specialty Insurance Group (SKWD) › Q1 2026
Skyward Specialty Insurance Group (SKWD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Skyward Specialty Insurance Group (SKWD) reported revenue of $476M for the first quarter 2026 (Q1 2026), +45% from a year earlier and +23% from the quarter before. Operating margin was 13.0%, net earnings $49.7M (10.5% of revenue).
Skyward Specialty Insurance Group, Q1 2026: revenue $476M (+45% year over year), operating margin 13.0%, net earnings $49.7M, operating cash flow $117M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $476M | +23% | +45% |
| Operating profit | $62.1M | +14% | +21% |
| Net earnings | $49.7M | +15% | +18% |
| Operating cash flow | $117M | +125% | +20% |
What changed
Revenue was $475.9M in Q1 2026, up 45% year over year and up 23% from the previous quarter.
Operating profit was $62.1M, a 13.0% margin (down 2.6 points year over year). Of the extra revenue versus Q1 2025, 7% reached operating profit, below the 16% margin then. Total costs grew 49% against revenue growth of 45%. Net earnings were $49.7M, up 18% year over year. The effective tax rate was 19.9%.
Operating cash flow was $116.5M (up 20% year over year), 234% of net earnings. Working capital and other items added $66.8M.
Questions
What was Skyward Specialty Insurance Group's revenue in the first quarter 2026?
Skyward Specialty Insurance Group (SKWD) reported revenue of $476M for the first quarter 2026 (Q1 2026), +45% from a year earlier and +23% from the quarter before.
Was Skyward Specialty Insurance Group profitable in the first quarter 2026?
Operating profit was $62.1M (13.0% of revenue) and net earnings $49.7M.
Source: Skyward Specialty Insurance Group 10-Q on SEC EDGAR.