Skyward Specialty Insurance Group Files 8-K

Ticker: SKWD · Form: 8-K · Filed: 2024-10-29T00:00:00.000Z

Sentiment: neutral

Topics: financial-reporting, operations, disclosure

TL;DR

Skyward Specialty Insurance Group dropped an 8-K on Oct 29th - check financials and operations!

AI Summary

Skyward Specialty Insurance Group, Inc. filed an 8-K on October 29, 2024, reporting on its results of operations and financial condition. The filing also includes disclosures related to Regulation FD, other events, and financial statements and exhibits. The company, formerly known as Houston International Insurance Group LTD, is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This filing provides crucial updates on Skyward Specialty Insurance Group's financial performance and operational status, which can influence investor decisions.

Risk Assessment

Risk Level: low — This is a standard 8-K filing for reporting operational and financial information, not indicating any immediate or unusual risks.

Key Players & Entities

FAQ

What specific financial results are being reported in this 8-K?

The filing indicates it pertains to 'Results of Operations and Financial Condition' but does not detail specific figures within the provided text.

What is the significance of the 'Regulation FD Disclosure' item?

This indicates that the company is making public disclosures to prevent selective disclosure of material non-public information.

When was Skyward Specialty Insurance Group, Inc. incorporated?

The company is incorporated in Delaware, but the specific incorporation date is not provided in this excerpt.

What was the company's former name and when did the name change occur?

The company was formerly known as Houston International Insurance Group LTD, with a name change date of August 1, 2014.

What is the primary business of Skyward Specialty Insurance Group, Inc. according to its SIC code?

The company's Standard Industrial Classification (SIC) code is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.

Filing Stats: 740 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-29 16:07:19

Key Financial Figures

Filing Documents

02

Item 2.02. Results of Operations and Financial Condition On October 29, 2024, Skyward Specialty Insurance Group, Inc. (the "Company") issued a press release announcing the results of the Company's operations for the quarter and fiscal period ended September 30, 2024. The press release is furnished as Exhibit 99.1 to this Report and is hereby incorporated by reference in this Item 2.02. As provided in General Instruction B.2 of Form 8-K, the information and exhibits contained in this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Skyward Specialty Insurance Group, Inc.'s (the "Company") Board of Directors approved the adoption of a share repurchase program where the Company may purchase up to $50.0 million of its common stock. Attached hereto as Exhibit 99.1 is the press release issued by the Company which is incorporated herein by reference.

01 Other Events

Item 8.01 Other Events. The information set forth in the first paragraph of Item 7.01 regarding the Company's adoption of a share repurchase plan above is incorporated herein.

Forward-Looking Statements

Forward-Looking Statements Statements made in this Current Report on Form 8-K, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this report was prepared. These statements can be identified by the use of words like "expect," "anticipate," "estimate," and "believe," variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management's business strategy, national, regional, and local market conditions and legislative and regulatory conditions.

01

Item 9.01.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release dated October 29, 2024 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SKYWARD SPECIALTY INSURANCE GROUP, INC. Date: October 29, 2024 /s/ Mark Haushill Mark Haushill Chief Financial Officer

View on Read The Filing