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| pages = 24
| source_url = https://www.sec.gov/Archives/edgar/data/1519449/000151944926000015/0001519449-26-000015-index.htm
| summary_md = File:Skyward<!-2025-FY ARCHIVE_MD_LINK_HERE -Annual_report.md->
| intro_sentence = This article summarizes Skyward's Annual report published on 2026-03-02 (24 pages).
| wide = yes
[[File:Skyward-2025-FY-Annual report-skwd-20251231_g1.jpg|thumb|Our Structure]]
Chart / Image:
<div class="ed-chart-desc">
-* SKYWARD SERVICESPECIALTY COMPANYINSURANCE GROUP, INC. is a (Delaware corporation ).▼[Chart/image description:]
* SKYWARD SPECIALTY INSURANCE GROUP, INC. has a subsidiary named SKYWARD SERVICE COMPANY.
This is an organizational chart showing the corporate structure of Skyward Specialty Insurance Group, Inc. ▼The top entity is* SKYWARD SPECIALTYSERVICE INSURANCECOMPANY GROUP,is INC.a (Delaware corporation).
* SKYWARD SPECIALTY INSURANCE GROUP, INC. (Delawarehas corporation)a hassubsidiary thenamed followingGREAT directMIDWEST subsidiaries:INSURANCE COMPANY.
-* GREAT MIDWEST INSURANCE COMPANY (is a Texas stock insurance company ).▼▲- SKYWARD SERVICE COMPANY (Delaware corporation)
* SKYWARD SPECIALTY INSURANCE GROUP, INC. has a subsidiary named SKYWARD UNDERWRITERS AGENCY, INC.
▲- GREAT MIDWEST INSURANCE COMPANY (Texas stock insurance company)
-* SKYWARD UNDERWRITERS AGENCY, INC. (is a Texas corporation).
-* SKYWARD SPECIALTY NOINSURANCE GROUP, INC. 1has LIMITEDa (Unitedsubsidiary Kingdomnamed company)SKYWARD SPECIALTY NO. 1 LIMITED.
* SKYWARD SPECIALTY NO. 1 LIMITED is a United Kingdom company.
- SKYWARD RE (Cayman Islands corporation) ▼* SKYWARD SPECIALTY INSURANCE GROUP, INC. has a subsidiary named SKYWARD RE.
GREAT MIDWEST INSURANCE COMPANY (Texas stock insurance company) has the following direct subsidiary:
▲-* SKYWARD RE (is a Cayman Islands corporation ).
- HOUSTON SPECIALTY INSURANCE COMPANY (Texas stock insurance company) ▼HOUSTON* SPECIALTYGREAT MIDWEST INSURANCE COMPANY (Texashas stocka insurancesubsidiary company)named hasHOUSTON theSPECIALTY followingINSURANCE direct subsidiary:COMPANY.
-* IMPERIUMHOUSTON SPECIALTY INSURANCE COMPANY (is a Texas stock insurance company).
IMPERIUM* HOUSTON SPECIALTY INSURANCE COMPANY (Texashas stocka insurancesubsidiary company)named hasIMPERIUM the followingINSURANCE direct subsidiary:COMPANY.
-* OKLAHOMA SPECIALTYIMPERIUM INSURANCE COMPANY (Oklahomais a Texas stock insurance corporation)company.
* IMPERIUM INSURANCE COMPANY has a subsidiary named OKLAHOMA SPECIALTY INSURANCE COMPANY.
</div>
▲-* HOUSTONOKLAHOMA SPECIALTY INSURANCE COMPANY (Texasis stockan Oklahoma insurance company)corporation.
=== Ratings ===
[[File:Skyward-2025-FY-Annual report-skwd-20251231_g2.jpg|thumb|Performance Graph]]
Chart / Image:
<div class="ed-chart-desc">
* The Yy-axis represents values in dollars, ranging from $100.00 to $300.00, with increments of $50.00. ▼
[Chart/image description:]
* The Xx-axis represents time, with labelsdates: January 13, 2023, December 31, 2023, December 31, 2024, and December 31, 2025. ▼
This is a line chart showing the performance of three different entities over time.
▲This* isThe anblue organizationalline chartwith showingcircular themarkers corporate structure ofrepresents "Skyward Specialty Insurance Group, Inc .".
▲The Y-axis represents values in dollars, ranging from $100.00 to $300.00, with increments of $50.00.
-* MagentaThe magenta line with circular markers : represents "Nasdaq Composite Index ".▼▲The X-axis represents time, with labels: January 13, 2023, December 31, 2023, December 31, 2024, and December 31, 2025.
-* CyanThe cyan line with circular markers : represents "Nasdaq Insurance Index ".▼The legend identifies three lines:
-* Blue line with circular markers:For Skyward Specialty Insurance Group, Inc.:
-** On January 13, 2023 :, the value is $100.00 .▼▲- Magenta line with circular markers: Nasdaq Composite Index
-** On December 31, 2023 :, Approximatelythe value is $ 105175.00 .▼▲- Cyan line with circular markers: Nasdaq Insurance Index
-** On December 31, 2024 :, Approximatelythe value is $ 128265.00 .▼Data points for each entity are as follows:
-** On December 31, 2025 :, Approximatelythe value is $ 128267.50. 00▼**Skyward Specialty Insurance Group, Inc. (Blue Line):**
* * For Nasdaq Composite Index (Magenta Line): **▼▲- January 13, 2023: $100.00
-** DecemberOn 31January 13, 2023:, Approximatelythe value is $177100.00.
-** On December 31, 2024:2023, Approximatelythe value is $265137.50.00
-** On December 31, 2025:2024, Approximatelythe value is $268172.50.00
** On December 31, 2025, the value is $210.00.
▲**Nasdaq Composite Index (Magenta Line):**
* * For Nasdaq Insurance Index (Cyan Line): **▼- January 13, 2023: $100.00
-** DecemberOn 31January 13, 2023:, Approximatelythe value is $138100.00.
-** On December 31, 2024:2023, Approximatelythe value is $174102.50.00
-** On December 31, 2025:2024, Approximatelythe value is $210127.50.00
** On December 31, 2025, the value is $127.50.
▲**Nasdaq Insurance Index (Cyan Line):**
- January 13, 2023: $100.00
▲- December 31, 2023: Approximately $105.00
▲- December 31, 2024: Approximately $128.00
▲- December 31, 2025: Approximately $128.00
</div>
== Management’s Discussion and Analysis of Financial Condition and Results of Operations ==
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