Shares rose 6.5% following results that showcased better-than-expected earnings momentum and premium growth, driven by the Apollo acquisition and strong operating performance across segments.

• Diluted operating EPS reached $1.25, up 39% year over year, reflecting combined company synergies and accretion from Apollo.
• Gross written premiums grew 10% on a pro forma basis, with managed premiums up 20%, including a 49% increase in fee-generating premiums to $300 million.
• Skyward Specialty’s combined ratio improved to 88.9 (86.8 ex-cat), while Apollo delivered an 85.3 combined ratio with no catastrophe losses this quarter.
• Annualized operating return on equity stood at 20.3%, underscoring robust earnings power.
• Net investment income increased by $7.5 million year over year to $27 million, supported by a $2.7 billion invested portfolio dominated by fixed income.