Skyward: Q4 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Skyward Specialty Insurance Group Inc. (SKWD) on Tuesday reported fourth-quarter earnings of $29.3 million.
HOUSTON (AP) — HOUSTON (AP) — Skyward Specialty Insurance Group Inc. (SKWD) on Tuesday reported fourth-quarter earnings of $29.3 million.
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The Houston-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring gains, were 61 cents per share.
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The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The property and casualty insurance holding company posted revenue of $246.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $244.7 million.
For the year, the company reported profit of $86 million, or $2.24 per share. Revenue was reported as $886 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SKWD at https://www.zacks.com/ap/SKWD