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SKWD (Skyward Specialty Insurance Group) Net Income : $119 Mil (TTM As of Dec. 2024)


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What is Skyward Specialty Insurance Group Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Skyward Specialty Insurance Group's Net Income for the three months ended in Dec. 2024 was $14 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was $119 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Skyward Specialty Insurance Group's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was $0.35.


Skyward Specialty Insurance Group Net Income Historical Data

The historical data trend for Skyward Specialty Insurance Group's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Skyward Specialty Insurance Group Net Income Chart

Skyward Specialty Insurance Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Net Income
-74.64 38.32 39.40 85.98 118.83

Skyward Specialty Insurance Group Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.27 36.78 30.97 36.67 14.41

Skyward Specialty Insurance Group Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Skyward Specialty Insurance Group's Net Income for the fiscal year that ended in Dec. 2024 is calculated as

Net Income(A: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=152.739+-33.911+0+0
=119

Skyward Specialty Insurance Group's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=18.554+-4.148+0+1.7763568394003E-15
=14

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $119 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Skyward Specialty Insurance Group  (NAS:SKWD) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Skyward Specialty Insurance Group's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Skyward Specialty Insurance Group Net Income Related Terms

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Skyward Specialty Insurance Group Business Description

Traded in Other Exchanges
N/A
Address
800 Gessner Road, Suite 600, Houston, TX, USA, 77024-4284
Skyward Specialty Insurance Group Inc is a specialty insurance company that delivers commercial property and casualty products and solutions on a non-admitted and admitted basis. The firm has one reportable segment through which it offers a broad array of insurance coverages to several market niches. It operates multiple lines of business, including general liability, excess liability, professional liability, commercial auto, group accident, health, property, surety, and workers' compensation.
Executives
Sean W Duffy officer: EVP & CHIEF CLAIMS OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Mark W Haushill officer: EVP & CFO C/O SKYWARD SPECIALTY INSURANCE GROUP, 800 GESSNER ROAD, STE 600, HOUSTON TX 77024
Gena L Ashe director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Andrew S Robinson director, officer: CEO & PRESIDENT C/O SKYWARD SPECIALTY INSURANCE GROUP, 800 GESSNER ROAD, STE. 600, HOUSTON TX 77024
Dan Pk Bodnar officer: CHIEF INFORMATION OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Kirby Hill officer: PRESIDENT - INDUSTRY SOLUTIONS 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Burkhart John A Iii officer: PRESIDENT - SPECIALTY LINES 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Sandip A Kapadia officer: EVP, CHIEF ACTUARY 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Thomas N Schmitt officer: CHIEF PEOPLE & ADMIN. OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Leslie Shaunty officer: GENERAL COUNSEL & SECRETARY 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
James Charles Hays director 100 S. POINTE DRIVE, UNIT 2605, MIAMI BEACH FL 33139
Katharine Terry director 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Westaim Corp 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Anthony J Kuczinski director 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Westaim Hiig Limited Partnership 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5