Filing Flows › Skyward Specialty Insurance Group (SKWD) › Q2 2025
Skyward Specialty Insurance Group (SKWD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Skyward Specialty Insurance Group (SKWD) reported revenue of $320M for the second quarter 2025 (Q2 2025), +14% from a year earlier and -3% from the quarter before. Operating margin was 15.6%, net earnings $38.8M (12.1% of revenue).
Skyward Specialty Insurance Group, Q2 2025: revenue $320M (+14% year over year), operating margin 15.6%, net earnings $38.8M, operating cash flow $88.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $320M | -3% | +14% |
| Operating profit | $49.8M | -3% | +23% |
| Net earnings | $38.8M | -8% | +25% |
| Operating cash flow | $88.2M | -9% | +321% |
| Free cash flow | $87.1M | -10% | +372% |
What changed
Revenue was $319.9M in Q2 2025, up 14% year over year and down 3% from the previous quarter.
Operating profit was $49.8M, a 15.6% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 14% margin then. Total costs grew 13% against revenue growth of 14%. Net earnings were $38.8M, up 25% year over year. The effective tax rate was 22.0%.
Operating cash flow was $88.2M (up 321% year over year), 227% of net earnings. Working capital and other items added $49.3M. Capital expenditures of $1.1M left free cash flow of $87.1M.
Questions
What was Skyward Specialty Insurance Group's revenue in the second quarter 2025?
Skyward Specialty Insurance Group (SKWD) reported revenue of $320M for the second quarter 2025 (Q2 2025), +14% from a year earlier and -3% from the quarter before.
Was Skyward Specialty Insurance Group profitable in the second quarter 2025?
Operating profit was $49.8M (15.6% of revenue) and net earnings $38.8M.
Source: Skyward Specialty Insurance Group 10-Q on SEC EDGAR.