Skyward/2025/FY/Annual report: Difference between revisions

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doc_archive: publish 3z7a4yrxkn (.md link)
doc_archive: publish 3z7a4yrxkn
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| language = English
| source_url = https://www.sec.gov/Archives/edgar/data/1519449/000151944926000015/0001519449-26-000015-index.htm
| archive_file = File:Skyward<!-2025-FY ARCHIVE_MD_LINK_HERE -Annual_report.md->
| intro_sentence = This article presents Skyward's FY 2025 annual report — the cover and primary financial statements from its SEC Form 10-K.
}}
Line 182:
| class="col-m" style="text-align:right" | —
| class="col-m" style="text-align:right" | —
| class="col-m" style="text-align:right" | $ 2,165,161,643
|-
| style="text-align:left" | Entity Common Stock, Shares Outstanding
Line 253:
|-
| style="text-align:left" | Fixed maturity securities, available-for-sale, at fair value (net of allowance for credit losses of $7,000 and $0, respectively) (amortized cost of $1,848,755 and $1,320,266, respectively)
| style="text-align:right" | $ 1,856,303
| style="text-align:right" | $ 1,292,218
|-
| style="text-align:left" | Fixed maturity securities, held-to-maturity, at amortized cost (net of allowance for credit losses of $468 and $243, respectively)
Line 389:
|-
| style="text-align:left; font-weight:bold" | Total liabilities and stockholders’ equity
| style="text-align:right; font-weight:bold" | $ 4,791,852
| style="text-align:right; font-weight:bold" | $ 3,729,478
|}
</div>
Line 397:
 
<div style="overflow-x:auto">
{| class="wikitable fintable"
! style="text-align:left" | USD ($) $ in Thousands
! class="col-m" style="text-align:right" | Dec. 31, 2025
Line 403:
|-
| style="text-align:left" | Statement of Financial Position [Abstract]
| class="col-m" style="text-align:right" | —
| class="col-m" style="text-align:right" | —
|-
| style="text-align:left" | Available-for-sale allowance for credit losses
| class="col-m" style="text-align:right" | $ 7,000
| class="col-m" style="text-align:right" | $ 0
|-
| style="text-align:left" | Amortized cost
| class="col-m" style="text-align:right" | 1,848,755
| class="col-m" style="text-align:right" | 1,320,266
|-
| style="text-align:left" | Allowance for credit losses
| class="col-m" style="text-align:right" | $ 468
| class="col-m" style="text-align:right" | $ 243
|-
| style="text-align:left" | Common stock, par value (in dollar per share)
| class="col-m" style="text-align:right" | $ 0.01
| class="col-m" style="text-align:right" | $ 0.01
|-
| style="text-align:left" | Common stock, shares authorized (in shares)
| class="col-m" style="text-align:right" | 500,000,000
| class="col-m" style="text-align:right" | 500,000,000
|-
| style="text-align:left" | Common stock, shares issued (in shares)
| class="col-m" style="text-align:right" | 40,511,222
| class="col-m" style="text-align:right" | 40,127,908
|-
| style="text-align:left" | Common stock, shares outstanding (in shares)
| class="col-m" style="text-align:right" | 40,511,222
| class="col-m" style="text-align:right" | 40,127,908
|}
</div>
Line 454:
|-
| style="text-align:left" | Net earned premiums
| style="text-align:right" | $ 1,304,505
| style="text-align:right" | $ 1,056,722
| style="text-align:right" | $ 829,143
|-
| style="text-align:left" | Commission and fee income
Line 579:
|-
| style="text-align:left" | Comprehensive income
| style="text-align:right" | $ 203,605
| style="text-align:right" | $ 119,661
| style="text-align:right" | $ 106,516
|-
| style="text-align:left" | Per share data:
Line 589:
|-
| style="text-align:left" | Basic earnings per share (in dollar per share)
| style="text-align:right" | $ 4.21
| style="text-align:right" | $ 2.97
| style="text-align:right" | $ 2.34
|-
| style="text-align:left" | Diluted earnings per share (in dollar per share)
| style="text-align:right" | $ 4.07
| style="text-align:right" | $ 2.87
| style="text-align:right" | $ 2.24
|-
| style="text-align:left" | Weighted-average common shares outstanding
Line 720:
| style="text-align:left" | Stockholders' equity beginning balance at Dec. 31, 2022
| style="text-align:right" | —
| style="text-align:right" | $ 20
| style="text-align:right" | $ 168
| style="text-align:right" | $ (-2)
| style="text-align:right" | $ 577,289
| style="text-align:right" | $ (-6,911)
| style="text-align:right" | $ (-43,485)
| style="text-align:right" | $ (-105,417)
| style="text-align:right" | $ (-2,275)
|-
| style="text-align:left" | Increase (Decrease) in Stockholders' Equity [Roll Forward]
Line 774:
|-
| style="text-align:left" | Other comprehensive income, net of tax
| style="text-align:right" | $ 20,532
| style="text-align:right" | —
| style="text-align:right" | —
Line 796:
|-
| style="text-align:left" | Stockholders' equity ending balance at Dec. 31, 2023
| style="text-align:right" | $ 661,031
| style="text-align:right" | $ 0
| style="text-align:right" | $ 399
| style="text-align:right" | 0
| style="text-align:right" | 710,855
Line 885:
| style="text-align:left" | Preferred stock conversion to common shares
| style="text-align:right" | —
| style="text-align:right" | $ 0
| style="text-align:right" | $ 0
| style="text-align:right" | 0
| style="text-align:right" | 0
Line 917:
|-
| style="text-align:left" | Other comprehensive income, net of tax
| style="text-align:right" | $ 833
| style="text-align:right" | —
| style="text-align:right" | —
Line 939:
|-
| style="text-align:left" | Stockholders' equity ending balance at Dec. 31, 2024
| style="text-align:right" | $ 793,999
| style="text-align:right" | $ 0
| style="text-align:right" | $ 401
| style="text-align:right" | 0
| style="text-align:right" | 718,598
Line 947:
| style="text-align:right" | -22,120
| style="text-align:right" | 97,120
| style="text-align:right" | $ 0
|-
| style="text-align:left" | Increase (Decrease) in Stockholders' Equity [Roll Forward]
Line 1,028:
| style="text-align:left" | Preferred stock conversion to common shares
| style="text-align:right" | —
| style="text-align:right" | $ 0
| style="text-align:right" | $ 0
| style="text-align:right" | 0
| style="text-align:right" | 0
Line 1,060:
|-
| style="text-align:left" | Other comprehensive income, net of tax
| style="text-align:right" | $ 33,577
| style="text-align:right" | —
| style="text-align:right" | —
Line 1,082:
|-
| style="text-align:left" | Stockholders' equity ending balance at Dec. 31, 2025
| style="text-align:right" | $ 1,009,565
| style="text-align:right" | $ 0
| style="text-align:right" | $ 405
| style="text-align:right" | $ 0
| style="text-align:right" | $ 730,555
| style="text-align:right" | $ 0
| style="text-align:right" | $ 11,457
| style="text-align:right" | $ 267,148
| style="text-align:right" | —
|}
Line 1,112:
|-
| style="text-align:left" | Net income
| style="text-align:right" | $ 170,028
| style="text-align:right" | $ 118,828
| style="text-align:right" | $ 85,984
|-
| style="text-align:left" | Net investment (gains) losses
Line 1,352:
|-
| style="text-align:left" | Cash paid for interest
| style="text-align:right" | $ 6,149
| style="text-align:right" | $ 8,573
| style="text-align:right" | $ 10,667
|}
</div>