For the year ending 2025-12-31, SKWD has $4,791,852K in assets. $3,782,287K in debts. $168,544K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Fixed maturity securities, available-for-sale, at fair value (net of allowance for credit losses of 7,000 and 0, respectively) (amortized cost of 1,848,755 and 1,320,266, respectively) | 1,856,303 | 1,292,218 | ||
| Fixed maturity securities, held-to-maturity, at amortized cost (net of allowance for credit losses of 468 and 243, respectively) | 32,822 | 39,153 | ||
| Equity securities, at fair value | 1,174 | 106,254 | ||
| Mortgage loans, at fair value | 9,902 | 26,490 | ||
| Equity method investments | 77,365 | 98,594 | ||
| Other long-term investments | 58,650 | 33,182 | ||
| Short-term investments, at fair value | 264,299 | 274,929 | ||
| Total investments | 2,300,515 | 1,870,820 | ||
| Cash and cash equivalents | 168,544 | 121,603 | ||
| Restricted cash | 30,570 | 35,922 | ||
| Premiums receivable, net | 544,217 | 321,641 | ||
| Reinsurance recoverables, net | 1,119,880 | 857,876 | ||
| Ceded unearned premium | 238,948 | 203,901 | ||
| Deferred policy acquisition costs | 136,100 | 113,183 | ||
| Deferred income taxes | 27,865 | 30,486 | ||
| Goodwill and intangible assets, net | 88,040 | 87,348 | ||
| Other assets | 137,173 | 86,698 | ||
| Total assets | 4,791,852 | 3,729,478 | ||
| Reserves for losses and loss adjustment expenses | 2,318,894 | 1,782,383 | ||
| Unearned premiums | 774,035 | 637,185 | ||
| Deferred ceding commission | 46,453 | 40,434 | ||
| Reinsurance and premium payables | 279,888 | 177,070 | ||
| Funds held for others | 128,003 | 102,665 | ||
| Accounts payable and accrued liabilities | 115,034 | 76,206 | ||
| Carrying value | 100,411 | 100,000 | ||
| Subordinated debt, net of debt issuance costs | 19,569 | 19,536 | ||
| Total liabilities | 3,782,287 | 2,935,479 | ||
| Common stock, 0.01 par value, 500,000,000 shares authorized, 40,511,222 and 40,127,908 shares issued and outstanding, respectively | 405 | 401 | ||
| Additional paid-in capital | 730,555 | 718,598 | ||
| Stock notes receivable | - | 0 | ||
| Accumulated other comprehensive income (loss) | 11,457 | -22,120 | ||
| Retained earnings | 267,148 | 97,120 | ||
| Total stockholders equity | 1,009,565 | 793,999 | ||
| Total liabilities and stockholders equity | 4,791,852 | 3,729,478 | ||
Skyward Specialty Insurance Group, Inc. (SKWD)
Skyward Specialty Insurance Group, Inc. (SKWD)