Skyward Specialty Insurance (SKWD) Operating Expenses (2022 - 2026)
Skyward Specialty Insurance (SKWD) posted Operating Expenses of $425.98 million for Q2 2026, up 57.7% from $270.11 million a year earlier and up 2.9% from the prior quarter.
Powered by 
Analysis
Skyward Specialty Insurance (SKWD) Operating Expenses (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Skyward Specialty Insurance was $1.49 billion, up 37.3% year-over-year; for FY2025, it was $1.2 billion, up 20.3% from FY2024.
- Annual Operating Expenses has increased for four consecutive years, with a four-year compound annual growth rate of 24.4% (FY2021 to FY2025).
- In prior years, Skyward Specialty Insurance's Operating Expenses was $997.46 million in FY2024 (+28.6%), $775.87 million in FY2023 (+30.9%), $592.64 million in FY2022 (+18.1%) and $501.87 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q1 2022.
- On a year-over-year basis, Operating Expenses has increased in each of the last 14 quarters, with growth averaging 30.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Expenses ran from 12.7% in Q2 2025 to 57.7% in Q2 2026.
- According to Business Quant data, Operating Expenses for the three prior quarters was $413.79 million (Q1 2026), $330.94 million (Q4 2025) and $321.98 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,082.55 Bn | -334.93 Bn | 55.86 Bn | 86.07 Bn |
| 2 | Chubb | 128.03 Bn | 80.09 Bn | 9.13 Bn | 12.19 Bn |
| 3 | Progressive | 122.38 Bn | 98.22 Bn | 9.04 Bn | 19.40 Bn |
| 4 | Marsh & Mclennan Companies | 81.46 Bn | 73.20 Bn | - | 5.51 Bn |
| 5 | Travelers Companies | 75.77 Bn | 52.02 Bn | 6.23 Bn | 9.39 Bn |
| 6 | Manulife Financial | 73.91 Bn | 75.11 Bn | - | -902.21 Mn |
| 7 | Metlife | 60.71 Bn | -45.77 Bn | 7.82 Bn | 18.12 Bn |
| 8 | Aon | 58.53 Bn | 51.77 Bn | - | 3.33 Bn |
| 9 | Arthur J. Gallagher | 58.38 Bn | 52.82 Bn | - | 3.59 Bn |
| 10 | Skyward Specialty Insurance | 2.37 Bn | 279.76 Mn | - | 425.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 425.98 Mn |
| Mar 31, 2026 | 413.79 Mn |
| Dec 31, 2025 | 330.94 Mn |
| Sep 30, 2025 | 321.98 Mn |
| Jun 30, 2025 | 270.11 Mn |
| Mar 31, 2025 | 277.09 Mn |
| Dec 31, 2024 | 285.85 Mn |
| Sep 30, 2024 | 254.04 Mn |
| Jun 30, 2024 | 239.59 Mn |
| Mar 31, 2024 | 217.99 Mn |
| Dec 31, 2023 | 208.73 Mn |
| Sep 30, 2023 | 211.43 Mn |
| Jun 30, 2023 | 185.51 Mn |
| Mar 31, 2023 | 170.21 Mn |
| Dec 31, 2022 | 161.40 Mn |
| Sep 30, 2022 | 161.21 Mn |
| Jun 30, 2022 | 137.94 Mn |
| Mar 31, 2022 | 132.09 Mn |
API Access
Skyward Specialty Insurance Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=SKWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "SKWD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=SKWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();