Professional
Added to YB: 2025-12-30
Pitch date: 2025-05-21
SKWD [neutral]
Skyward Specialty Insurance Group, Inc.
-15.72%
current return
Author Info
Cedar Street Research delivers unique insights by leveraging an unconventional approach to financial analysis, combining the power of historical trends with bespoke data in order to uncover deep, actionable predictions about the future. We specialize in insurance companies, but extend our services to banks and specialty finance firms as well. Sign up for the newsletter.
Company Info
Skyward Specialty Insurance Group, Inc., an insurance holding company, underwrites commercial property and casualty insurance products in the United States.
Market Cap
$2.1B
Pitch Price
$61.52
Price Target
70.00 (+35%)
Dividend
N/A
EV/EBITDA
10.47
P/E
15.36
EV/Sales
1.54
Sector
Insurance
Category
N/A
Skyward Specialty Insurance Group, Inc.: Specialty Insurance Carrier Targeting Niche Industry Verticals and Products with a history of Inconsistent Results and a Tail that is Heating Up
SKWD (neutral): Specialty P&C insurer trading 21x P/E, 3x P/B vs analyst targets $43-$70 (current $62). Concerningly, 6 of past 10 accident years show adverse development; R&Q reinsurer failure adds $95M+ exposure. Chain ladder model suggests $186M more adverse development. 47% of portfolio (Auto, Casualty) unprofitable.
Read full article (7 min)