Skyward (SKWD) Reports Q3 2026 Growth Driven by Accident & Health and Apollo Platform Expansion
Skyward (SKWD) reported strong third-quarter 2026 financial results, highlighted by a 9% increase in Gross Written Premiums to $803.5 million and a 22% rise in net operating income to $58.5 million. Growth was primarily fueled by a 57% surge in the Accident & Health segment and significant expansion within the Apollo fee-based platform, which saw managed premiums grow 12.5% year-over-year. Despite facing catastrophe losses from convective storm activity that slightly impacted the consolidated combined ratio (89.9%), the company's ex-cat combined ratio remained strong at 88.1%. Management noted selective exits in less attractive energy solutions and a slowdown in dairy/livestock uptake due to high farmer input costs, but overall profitability remains robust with an annualized operating ROE of 20.4%.
Topics: Accident & Health Global Agriculture Gross Written Premiums Net Operating Income Underwriting Profitability