Skyward Specialty Insurance Group, Inc.

SKWD

SKWDSkyward Specialty Insurance Group, Inc. US flag

NASDAQ Global Select

44.10

USD

-0.11

- -

1.79BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	448	536	636	895	1,148	1,419
+ Sales & Services Revenue	448	536	636	895	1,148	1,419
- Cost of Revenue	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	95	-48	-50	-110	-153	-216
+ Interest Expense, Net	6	5	6	10	9	8
+ Interest Expense	6	5	6	10	9	8
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	89	-53	-56	-120	-162	-224
Pretax Income	-95	48	50	110	153	216
- Income Tax Expense (Benefit)	-20	10	10	24	34	46
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-75	38	39	86	119	170
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-75	38	39	86	119	170
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-75	38	39	86	119	170
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-75	38	39	86	119	170
EBIT	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -
EBITA	-6	-6	-4	-4	-3	-4
Gross Margin (%)	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-16.67	7.15	6.19	9.6	10.35	11.98
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	6	6	4	4	3	4
Basic Weighted Avg Shares	38	38	38	36	40	40
Basic EPS, GAAP	-1.99	1.02	1.05	2.39	2.97	4.21
Basic EPS from Cont Ops	-1.99	1.02	1.05	2.39	2.97	4.21
Diluted Weighted Avg Shares	38	38	38	38	41	42
Diluted EPS, GAAP	-1.99	1.02	1.05	2.24	2.87	4.07
Diluted EPS from Cont Ops	-1.99	1.02	1.05	2.24	2.87	4.07

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	299	665	774	1,354	1,689	1,552
+ Cash & Cash Equivalents	63	42	45	66	122	169
+ ST Investments	236	623	729	1,288	1,567	1,383
+ Accounts & Notes Receiv	653	648	721	776	1,180	1,664
+ Accounts Receivable, Net	653	648	721	776	1,180	1,664
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-953	-1,313	-1,495	-2,129	-2,868	-3,216
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	760	788	901	1,560	1,811	2,232
+ LT Investments	760	788	901	1,560	1,811	2,232
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-760	-788	-901	-1,560	-1,811	-2,232
+ Total Intangible Assets	84	91	90	88	87	88
+ Goodwill	64	66	66	66	66	66
+ Other Intangible Assets	20	26	24	23	22	22
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-844	-879	-991	-1,648	-1,898	-2,320
Total Assets	1,949	2,118	2,363	2,953	3,729	4,792
+ Payables & Accruals	164	161	162	201	253	395
+ Accounts Payable	164	161	162	201	253	395
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	50	43	- -
+ ST Borrowings	- -	- -	- -	50	43	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-164	-161	-162	-251	-296	-395
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-164	-161	-162	-251	-296	-395
Total Current Liabilities	- -	- -	- -	- -	- -	- -
+ LT Debt	128	129	129	79	120	120
+ LT Borrowings	128	129	129	79	120	120
+ LT Finance Leases	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-128	-129	-129	-79	-120	-120
+ Accrued Liabilities	36	30	30	37	40	46
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-164	-159	-158	-116	-160	-166
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -
Total Liabilities	1,645	1,692	1,942	2,292	2,935	3,782
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	477	575	577	711	719	731
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	476	575	577	711	719	731
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-183	-145	-105	-22	97	267
+ Other Equity	12	5	-43	-23	-22	11
Equity Before Minority Interest	303	426	422	661	794	1,010
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	303	426	422	661	794	1,010
Total Liabilities & Equity	1,949	2,118	2,363	2,953	3,729	4,792
Shares Outstanding	38	38	38	40	40	41
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -
Net Debt	65	86	83	63	41	-49
Net Debt to Equity	21.43	20.28	19.72	9.5	5.16	-4.81
Tangible Common Equity Ratio	11.76	16.51	14.59	19.99	19.4	19.59
Current Ratio	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-75	38	39	86	119	170
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	40	-15	16	17	-9	-38
+ Stock-Based Compensation	- -	1	2	9	9	12
+ Deferred Income Taxes	-20	10	10	9	-9	-6
+ Asset Impairment Charge	58	3	- -	- -	- -	- -
+ Other Non-Cash Adj	2	-28	4	- -	-9	-43
+ Chg in Non-Cash Work Cap	80	152	153	235	195	276
+ (Inc) Dec in Accts Receiv	-117	3	-72	-57	-404	-485
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	28	9	-20	-28	-18	-35
+ Inc (Dec) in Accts Payable	9	1	8	2	19	37
+ Inc (Dec) in Other	159	139	237	318	597	758
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	45	175	209	338	305	408
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-2	-2	-3	-4	-7
+ Acq of Fixed Prod Assets	-2	-2	-2	-3	-4	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-2
+ Cash (Repurchase) of Equity	- -	1	2	131	6	- -
+ Increase in Capital Stock	- -	1	2	131	6	- -
+ Decrease in Capital Stock	-1	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-59	-158	-188	-509	-253	-399
+ Dec in LT Investment	160	205	139	127	384	524
+ Inc in LT Investment	-220	-364	-327	-636	-637	-923
+ Net Cash From Acq & Div	- -	-2	- -	4	-32	-7
+ Cash from Divestitures	- -	8	- -	4	- -	- -
+ Cash for Acq of Subs	- -	-11	- -	- -	-32	-7
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-14	-20	-3	15	46	47
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-75	-183	-193	-494	-244	-367
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-34	- -	- -	50	-10	- -
+ Cash From Debt	- -	- -	- -	100	107	43
+ Repayments of Debt	-34	- -	- -	-50	-117	-43
+ Other Financing Activities	90	- -	- -	-50	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	56	1	2	131	-4	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	26	-6	18	-25	57	42
EBITDA	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -
Free Cash Flow	43	173	207	335	301	401
Net Cash Paid for Acquisitions	- -	2	- -	-4	32	7
Free Cash Flow to Firm	- -	177	212	343	308	407
Free Cash Flow to Equity	- -	173	207	385	291	403
Free Cash Flow per Basic Share	1.13	4.6	5.5	9.3	7.51	9.91
Price/Free Cash Flow	- -	- -	- -	3.8	6.76	5.14
Cash Flow to Net Income	-0.6	4.57	5.3	3.93	2.57	2.4
Capital Expenditures	-2	-2	-2	-3	-4	-7