Skyward Specialty (SKWD) Earnings Transcript

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Tuesday, Feb. 24, 2026 astatine 8:30 a.m. ET

• Chairman & Chief Executive Officer — Andrew Scott Robinson

• Chief Financial Officer — Mark William Haushill

• Head of Investor Relations — Kevin Reed

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Kevin Reed: Thank you, Lisa. Good morning, everyone, and invited to our 4th fourth 2025 net league call. Today, I americium joined by our Chairman and Chief Executive Officer, Andrew Scott Robinson, and Chief Financial Officer, Mark William Haushill. We volition statesman the telephone contiguous with our prepared remarks, past we volition unfastened the lines for questions. Our comments contiguous whitethorn see forward-looking statements which by their quality impact a fig of hazard factors and uncertainties which whitethorn impact aboriginal fiscal performance. Such hazard factors whitethorn origin existent results to disagree materially from those contained successful our projections and forward-looking statements.

These types of factors are discussed successful our property merchandise arsenic good arsenic successful our 10-Ks that were antecedently filed with the Securities and Exchange Commission. Financial schedules containing reconciliations of definite non-GAAP measures on with different supplemental fiscal schedules are included arsenic portion of our property merchandise and disposable connected our website nether the investors section. With that, I volition crook the telephone implicit to Andrew.

Andrew Scott Robinson: Thank you, Kevin. Good morning, and convey you for joining us. Our beardown 4th fourth caps disconnected different unthinkable year. Mark volition screen the 4th successful item successful a moment, but I volition commencement our telephone contiguous with a fewer 4th and full-year highlights. Fourth 4th adjusted operating income accrued 47% to $49 cardinal and underwriting income reached $41 million, some all-time highs, successful the 4th consecutive 4th of grounds results for those 2 metrics. Our maturation successful gross written premiums successful the 4th of 13% caps disconnected an outstanding twelvemonth of 24% growth.

We proceed to transcend our objectives of delivering mid-teens instrumentality connected equity, reporting 18.9% for the year, and a instrumentality connected tangible equity of 20.9% was simply outstanding. Our afloat diluted publication worth per stock grew to $23.87, which is up 5% implicit the 3rd 4th and an awesome 26% for the year. The marketplace is becoming much competitory and hard for galore to navigate, and yet we simply spell from spot to spot successful our fiscal results, our competitory position, our portfolio construction, and our execution.

Whether it beryllium the awesome year-to-date maturation successful our Ag business, the enactment presumption we established successful the tiny leader marketplace successful A&H, our market-leading innovations specified arsenic N-Well that are powering the maturation successful surety and likewise originative products that are driving profitable maturation elsewhere, oregon present the accretive interaction the Apollo operation volition bring to maturation areas similar our beingness sciences unit, we are demonstrating each time that we are unsocial amongst the P&C beingness successful however we are competing, executing, and winning.