Skyward Specialty Insurance Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting third-quarter net income of $49.8 million and total assets of $7.1 billion.

Key Highlights

  • Net income of $49,796 thousand for the three months ended September 30, 2026, compared with $45,901 thousand in the same period of 2025, according to the filing.
  • Net earned premiums of $406,864 thousand for the third quarter of 2026, up from $351,797 thousand in Q3 2025, as reported.
  • Total assets reached $7,146,446 thousand as of September 30, 2026, rising from $4,791,852 thousand at December 31, 2025.
  • Diluted earnings per share of $1.09 for the three months ended September 30, 2026, versus $1.10 in the prior-year quarter.
  • Nine-month net income of $148,565 thousand for the period ended September 30, 2026, compared with $126,798 thousand for the same period of 2025.
  • Total stockholders' equity of $1,276,268 thousand at September 30, 2026, up from $1,009,565 thousand at December 31, 2025.
  • 44,413,449 shares of common stock outstanding as of October 30, 2026, per the filing cover page.

Skyward Specialty Reports Q3 2026 Financial Results and Significant Balance Sheet Growth

According to the Form 10-Q filed with the SEC, Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) reported total revenues of $455,341 thousand for the three months ended September 30, 2026, compared with $382,526 thousand in the corresponding prior-year quarter. Net earned premiums were the largest revenue component at $406,864 thousand for Q3 2026. The company also disclosed underwriting fee income of $11,000 thousand and net investment income of $33,879 thousand for the quarter, items that did not appear in the Q3 2025 results as reported.

Total expenses for the three-month period ended September 30, 2026, were $391,697 thousand, including losses and loss adjustment expenses of $251,036 thousand, underwriting, acquisition and insurance expenses of $118,002 thousand, and interest expense of $6,997 thousand. Income before income taxes was $63,644 thousand for the quarter. The filing also disclosed comprehensive income of $2,669 thousand for Q3 2026, reduced from net income by $47,127 thousand in total other comprehensive loss, primarily driven by net unrealized losses on investments of $47,742 thousand, net of tax.

The condensed consolidated balance sheet as of September 30, 2026, reflected total investments of $2,886,804 thousand and goodwill and intangible assets, net, of $469,054 thousand, compared with $88,040 thousand at December 31, 2025. Notes payable rose to $417,037 thousand from $100,411 thousand at year-end 2025. Reserves for losses and loss adjustment expenses stood at $3,208,137 thousand. For the nine months ended September 30, 2026, the company reported net earned premiums of $1,285,343 thousand and total revenues of $1,420,741 thousand, with diluted earnings per share of $3.26.

What Was Disclosed

Skyward Specialty Insurance Group filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing income statements, a condensed consolidated balance sheet, and statements of stockholders' equity and cash flows for the three- and nine-month periods ending on that date.