Skyward Specialty Insurance (SKWD) Operating Margin (2022 - 2026)
Skyward Specialty Insurance (SKWD) posted quarterly Operating Margin of 6.23% for Q1 2026, up 32.0% year-over-year from 4.72% in Q1 2025, and up 24.3% quarter-over-quarter from 5.01% in Q4 2025.
Skyward Specialty Insurance (SKWD) Operating Margin (2022 - 2026) Analysis & Trends
Skyward Specialty Insurance (SKWD) has reported Operating Margin for 5 consecutive years, with 6.23% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 32.0% year-over-year to 6.23%; the TTM figure through Mar 2026 stood at 5.89% (down 52.0% YoY), while the FY2025 annual figure was 5.9%, down 110.0% from the prior year.
- Operating Margin climbed to 6.23% in Q1 2026 per SKWD's latest filing, from 5.01% in the prior quarter.
- Across five years, Operating Margin topped out at 10.69% in Q1 2022 and bottomed at 2.45% in Q1 2023.
- Historically, Operating Margin has averaged 5.99% across 5 years, with a median of 6.23% in 2026.
- Annual changes were most pronounced in 2023 — Operating Margin tumbled 824 bps — and 2024, when it jumped 446 bps.
- Skyward Specialty Insurance's Operating Margin stood at 3.27% in 2022, then soared by 126 bps to 7.4% in 2023, then slipped by 28 bps to 5.36% in 2024, then decreased by 6 bps to 5.01% in 2025, then increased by 24 bps to 6.23% in 2026.
- Business Quant data shows SKWD's Operating Margin at 6.23% in Q1 2026, 5.01% in Q4 2025, and 6.3% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | 11.13% |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | -43.89% |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | 9.95% |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | 5.43% |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | - |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | 7.46% |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | 16.08% |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 38.83% |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 4.12% |
| 10 | Skyward Specialty Insurance | 2.75 Bn | 2.13 Bn | 212.79 Mn | 6.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.28% |
| Mar 31, 2026 | 6.23% |
| Dec 31, 2025 | 5.01% |
| Sep 30, 2025 | 6.30% |
| Jun 30, 2025 | 6.29% |
| Mar 31, 2025 | 5.91% |
| Dec 31, 2024 | 5.36% |
| Sep 30, 2024 | 6.49% |
| Jun 30, 2024 | 8.55% |
| Mar 31, 2024 | 6.91% |
| Dec 31, 2023 | 7.40% |
| Sep 30, 2023 | 5.47% |
| Jun 30, 2023 | 4.42% |
| Mar 31, 2023 | 2.45% |
| Dec 31, 2022 | 3.27% |
| Sep 30, 2022 | 3.79% |
| Jun 30, 2022 | 7.21% |
| Mar 31, 2022 | 10.69% |