For the quarter ending 2025-09-30, SKWD had $25,101K increase in cash & cash equivalents over the period. $168,908K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2024-12-31 |
|---|---|---|---|
| Net income | 45,901 | 80,897 | 118,828 |
| Net investment (gains) losses | - | - | 6,256 |
| Depreciation and amortization expense | - | - | 3,358 |
| Stock-based compensation expense | - | - | 9,395 |
| Undistributed loss (earnings) from long-term investments | - | - | 6,338 |
| Deferred income tax, net | - | - | -8,708 |
| Premiums receivable, net | - | - | 142,406 |
| Reinsurance recoverables, net | - | - | 261,542 |
| Ceded unearned premium | - | - | 17,780 |
| Deferred policy acquisition costs | - | - | 21,228 |
| Federal income taxes | - | - | -4,500 |
| Losses and loss adjustment expenses | - | - | 467,882 |
| Unearned premiums | - | - | 84,653 |
| Deferred ceding commission | - | - | 3,377 |
| Reinsurance and premium payables | - | - | 26,914 |
| Funds held for others | - | - | -44,077 |
| Accounts payable and accrued liabilities | - | - | 19,177 |
| Other, net | - | - | 12,788 |
| Adjustments to reconcile net income to net cash provided by operating activities | 125,467 | 104,043 | - |
| Net cash provided by operating activities | 171,368 | 184,940 | 305,115 |
| Purchase of fixed maturity securities, available-for-sale | 258,409 | 405,609 | 617,606 |
| Purchase of illiquid investments | - | - | 75 |
| Purchase of equity securities | 587 | 12,626 | 14,077 |
| Purchase of equity method investments and other long-term investments | 383 | 2,839 | 32,173 |
| Purchase of intangible assets | - | - | 0 |
| Purchase of intangible assets and goodwill | 0 | 2,000 | - |
| Investment in direct and indirect loans | 1,977 | 13,435 | 27,480 |
| Purchase of property and equipment | 2,460 | 1,287 | 4,224 |
| Proceeds from the sales of fixed maturity securities, available-for-sale | 35,937 | 25,524 | 217,468 |
| Maturities, calls, transfers and paydowns of fixed maturity securities, available-for-sale | 62,133 | 60,628 | 122,694 |
| Maturities, calls and paydowns of fixed maturity securities held-to-maturity | 47 | 3,459 | 6,015 |
| Proceeds from the sales of equity securities | 59,243 | 67,495 | 37,534 |
| Sales of and distributions from equity method and other long-term investments | -544 | -8,730 | -14,073 |
| Change in short-term investments | 33,044 | -60,606 | 4,799 |
| Change in receivable/payable for securities | 0 | 0 | -34 |
| Cash provided by deposit accounting | -11,265 | 15,183 | 3,962 |
| Net cash used in investment activities | -146,267 | -169,301 | -243,694 |
| Employee share purchases | - | - | 0 |
| Repayment of stock notes receivable | 0 | 0 | 5,562 |
| Proceeds from long term borrowings | 0 | 0 | 107,000 |
| Payments on long term borrowings and trust preferred | 0 | 0 | 116,794 |
| Proceeds from initial public offering | - | - | 0 |
| Net cash used in financing activities | 0 | 0 | -4,232 |
| Net increase in cash and cash equivalents and restricted cash | 25,101 | 15,639 | 57,189 |
| Cash and cash equivalents at beginning of period | 157,525 | - | - |
| Cash and cash equivalents at end of period | 198,265 | - | - |
Skyward Specialty Insurance Group, Inc. (SKWD)
Skyward Specialty Insurance Group, Inc. (SKWD)