Skyward Specialty reported a robust Q3 2025, achieving record operating income and a significant 52% growth in gross written premiums, underscoring the effectiveness of its diversified portfolio strategy.

• Operating income reached $44 million, while net income totaled $45.9 million, resulting in adjusted EPS of $1.05.
• Achieved a combined ratio of 89.2%, highlighting strong underwriting performance amid a competitive P&C market.
• The Agricultural unit emerged as a key driver of growth, particularly in the U.S. dairy and livestock sectors.
• Net written premiums increased by 64%, with retention ratio improving to 65.1% from 62.9% year-over-year.
• Preparation for the anticipated Apollo acquisition is on track, expected to enhance specialty capabilities and underwriting talent, with closing projected in early Q1 2026.