Skyward Specialty Insurance (SKWD) Operating Expenses (2022 - 2026)

Skyward Specialty Insurance has disclosed Operating Expenses across 5 years of filings, most recently posting $413.8 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 49.33% year-over-year to $413.8 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 26.53% YoY), while the FY2025 annual figure was $1.2 billion, up 20.32% from the prior year.
• Operating Expenses improved to $413.8 million in Q1 2026, from $330.9 million in the prior quarter.
• Over the last five years, Operating Expenses for SKWD reached as high as $413.8 million in Q1 2026 and fell as low as $132.1 million in Q1 2022.
• The 5-year median for Operating Expenses is $218.0 million (2024), against an average of $234.1 million.
• Annual changes were most pronounced in 2025 — Operating Expenses gained 12.74% — and 2026, when it surged 49.33%.
• A 5-year view of Operating Expenses shows it stood at $161.4 million in 2022, then grew by 29.32% to $208.7 million in 2023, then soared by 36.95% to $285.8 million in 2024, then grew by 15.77% to $330.9 million in 2025, then climbed by 25.04% to $413.8 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $413.8 million, $330.9 million, and $322.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.