Skyward Specialty Insurance Group Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
SKWD$63.30+5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Supplementary Reinsurance Information for the years ended December 31,
SCHEDULE IV — REINSURANCE
| Years Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||
| ($ in thousands) | Accident &Health | Property &Casualty | Accident &Health | Property &Casualty | Accident &Health | Property &Casualty |
| Gross amount | $173,073 | $1,285,564 | $151,702 | $1,089,478 | $130,377 | $881,862 |
| Ceded to other companies | (86,503) | (533,151) | (79,091) | (470,047) | (70,291) | (398,118) |
| Assumed from other companies | — | 284,595 | — | 218,649 | 431 | 131,282 |
| Net amount | $86,570 | $1,037,008 | $72,611 | $838,080 | $60,517 | $615,026 |
| Percentage of amount assumed to net | —% | 27.4% | —% | 26.1% | 0.7% | 21.3% |
SCHEDULE V — VALUATION AND QUALIFYING ACCOUNTS
| ($ in thousands) | ValuationAllowanceFor DeferredTax Assets | Allowance forUncollectibleReinsuranceRecoverable | Allowance forUncollectiblePremiumsReceivable |
|---|---|---|---|
| Balance at January 1, 2022 | $586 | $— | $261 |
| Charged to costs and expenses | — | — | 584 |
| Amounts written off | — | — | (216) |
| Balance at December 31, 2022 | $586 | $— | $629 |
| Cumulative effect of adoption of ASU 2016-13 at January 1, 2023 | — | 2,295 | — |
| Charged to costs and expenses | — | — | 748 |
| Amounts written off | — | — | (513) |
| Recoveries of amounts previously written off | — | — | 100 |
| Balance at December 31, 2023 | 586 | 2,295 | 964 |
| Charged to costs and expenses | — | 13,585 | 3,235 |
| Amounts written off | — | (13,585) | (1,895) |
| Recoveries of amounts previously written off | — | — | 128 |
| Balance at December 31, 2024 | $586 | $2,295 | $2,432 |
SCHEDULE VI — SUPPLEMENTAL INFORMATION CONCERNING PROPERTY-CASUALTY
INSURANCE OPERATIONS
| As of and Years Ended December 31, | |||
|---|---|---|---|
| ($ in thousands) | 2024 | 2023 | 2022 |
| Deferred policy acquisition costs | $113,183 | $91,955 | $68,938 |
| Reserve for losses and loss adjustment expenses | 1,782,383 | 1,314,501 | 1,141,757 |
| Unearned premiums | 637,185 | 552,532 | 442,509 |
| Net earned premium(1) | 1,056,722 | 829,143 | 615,994 |
| Net investment income | 80,686 | 40,322 | 36,931 |
| Losses and loss adjustment expenses (current year)(1) | 657,783 | 516,664 | 393,939 |
| Losses and loss adjustment expenses (prior years)(1)(2) | 25,728 | — | 14,385 |
| Amortization of policy acquisition costs(1) | 149,975 | 108,514 | 65,695 |
| Paid claims and claim adjustment expenses(1) | 430,991 | 363,418 | 300,764 |
| Net premiums written(1) | 1,123,578 | 910,691 | 675,543 |
| Ceded unearned premium | 203,901 | 186,121 | 157,645 |
| Deferred ceding commission | 40,434 | 37,057 | 29,849 |
| (1) Amount is presented net of reinsurance | |||
| (2) Amount does not include gain on retroactive reinsurance which is included in losses and loss adjustment expenses presented on the Consolidated Statements of Operations | |||
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