Skyward Specialty Insurance (SKWD) Operating Expenses (2022 - 2026)
Skyward Specialty Insurance (SKWD) posted quarterly Operating Expenses of $413.8 million for Q1 2026, up 49.33% year-over-year from $277.1 million in Q1 2025, and up 25.04% quarter-over-quarter from $330.9 million in Q4 2025.
Skyward Specialty Insurance (SKWD) Operating Expenses (2022 - 2026) Analysis & Trends
Skyward Specialty Insurance (SKWD) has reported Operating Expenses for 5 consecutive years, with $413.8 million the latest figure, recorded in 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 rose to $413.8 million in Q1 2026 per SKWD's latest filing, from $330.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $413.8 million in Q1 2026 and bottomed at $132.1 million in Q1 2022.
- Historically, Operating Expenses has averaged $234.1 million across 5 years, with a median of $218.0 million in 2024.
- Annual changes were most pronounced in 2025 — Operating Expenses gained 12.74% — and 2026, when it surged 49.33%.
- Skyward Specialty Insurance's Operating Expenses stood at $161.4 million in 2022, then increased by 29.32% to $208.7 million in 2023, then jumped by 36.95% to $285.8 million in 2024, then increased by 15.77% to $330.9 million in 2025, then grew by 25.04% to $413.8 million in 2026.
- Business Quant data shows SKWD's Operating Expenses at $413.8 million in Q1 2026, $330.9 million in Q4 2025, and $322.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.97 Bn | 121.21 Bn | 9.13 Bn | 12.19 Bn |
| 2 | Progressive | 124.79 Bn | 119.79 Bn | 9.04 Bn | 19.40 Bn |
| 3 | Travelers Companies | 79.39 Bn | 55.63 Bn | 4.83 Bn | 9.39 Bn |
| 4 | Allstate | 68.10 Bn | 29.37 Bn | 16.28 Bn | 14.45 Bn |
| 5 | Fairfax Financial Holdings | 35.48 Bn | 35.48 Bn | - | -134.80 Mn |
| 6 | Cincinnati Financial | 26.76 Bn | 24.87 Bn | 2.39 Bn | 2.70 Bn |
| 7 | Loews | 23.30 Bn | 996.48 Mn | 2.57 Bn | 4.12 Bn |
| 8 | Markel | 23.24 Bn | 6.35 Bn | 2.83 Bn | 3.63 Bn |
| 9 | Assurant | 14.10 Bn | 12.07 Bn | 2.71 Bn | 3.08 Bn |
| 10 | Skyward Specialty Insurance | 2.79 Bn | 2.18 Bn | 212.79 Mn | 425.98 Mn |
Historic Data
Download 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 |