SKWD Intrinsic Value – SKYWARD SPECIALTY INSURANCE Reports FY2022 Q4 Earnings Results on February 28 2023.
March 8, 2023
Earnings Overview
SKYWARD SPECIALTY INSURANCE ($NASDAQ:SKWD) reported their financial results for the fourth quarter of FY2022, as of December 31, 2022, on February 28, 2023. Total revenue for the quarter was USD 20.4 million, representing a 1447.0% increase year over year. Net income saw a 29.1% growth to USD 187.4 million compared to the same quarter in the previous year.
Share Price
SKYWARD SPECIALTY INSURANCE reported its financial earnings for the fourth quarter of the Fiscal Year 2022 on Tuesday, February 28th 2023. The stock opened at $19.4 and closed at $19.5, up 1.1% from the previous closing price of $19.3. This marks the second consecutive quarter of positive earnings from SKYWARD SPECIALTY INSURANCE, a sign of continuing stability and financial health for the company. The results demonstrate the positive impact of SKYWARD SPECIALTY INSURANCE’s strategic decisions and have been applauded by analysts and investors alike.
In addition to recording a quarterly revenue increase of 1.1%, SKYWARD SPECIALTY INSURANCE also maintained their commitment to their customers by providing cost-effective and comprehensive coverage plans. Though the current economic climate presents an uncertain future, SKYWARD SPECIALTY INSURANCE has taken the necessary steps to remain competitive and remain in a position to be able to weather any storms that may lie ahead. Their latest quarter’s results serve as a reminder that the company is a trusted and reliable provider of specialty insurance, and their commitment to delivering the best service for their customers and shareholders is unmatched. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SKWD. More…
| Total Revenues | Net Income | Net Margin |
| 642.42 | 39.4 | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SKWD. More…
| Operations | Investing | Financing |
| 162.95 | -183.01 | 1.38 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SKWD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.37k | 1.95k | 10.83 |
Key Ratios Snapshot
Some of the financial key ratios for SKWD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 8.7% |
| FCF Margin | ROE | ROA |
| 25.2% | 8.6% | 1.5% |
Analysis – SKWD Intrinsic Value
At GoodWhale, we conducted an analysis of SKYWARD SPECIALTY INSURANCE’s fundamentals to determine its intrinsic value. After our proprietary Valuation Line was applied, we determined that the intrinsic value of SKYWARD SPECIALTY INSURANCE share is around $19.3. The current market price of SKYWARD SPECIALTY INSURANCE stock is priced at $19.5, which is a fair price. We believe that investments in SKYWARD SPECIALTY INSURANCE are likely to provide a fair market return. More…
Peers
Skyward Specialty Insurance Group Inc is an insurance company that provides comprehensive coverage and specialized protection. They are one of many companies that offer specialized services in the insurance industry, competing in the same space as Kemper Corp, Kinsale Capital Group Inc, and Safety Insurance Group Inc. All of these organizations provide specialized protection to their customers, and strive to ensure they are getting the best coverage for their needs.
– Kemper Corp ($NYSE:KMPR)
Kemper Corporation is a financial services holding company that offers insurance, investment and banking products to its customers. It has a market capitalization of 4.03 billion dollars as of 2023, which indicates the public’s confidence in the company’s performance. The company also has a negative return on equity (ROE) of -8.57%, which indicates that the company is underperforming relative to its peers. This may be because of the volatile nature of the insurance and banking sectors, as well as other factors that may be impacting the company’s performance.
– Kinsale Capital Group Inc ($NYSE:KNSL)
Kinsale Capital Group Inc is an insurance holding company based in Virginia, USA. It focuses on providing specialty insurance products and services to clients across the United States. Its market cap as of 2023 is 7.32 billion, which makes it a large-cap company with a substantial footprint in the insurance industry. Moreover, it has an impressive Return on Equity (ROE) of 20.16%, indicating that the company is generating substantial returns for its shareholders. Kinsale Capital Group Inc offers a wide array of insurance products and services to its clients including property & casualty, professional liability, and surety bonds. In addition, the company offers risk management services to help its clients minimize their financial risks.
– Safety Insurance Group Inc ($NASDAQ:SAFT)
Safety Insurance Group Inc. is an insurance holding company based in Boston, Massachusetts. The company primarily provides private passenger automobile and commercial automobile insurance policies in Massachusetts and New Hampshire. Safety Insurance has a market cap of 1.17 billion as of 2023, and a return on equity of 4.71%. This indicates that the company is doing well in terms of generating returns for its shareholders. The company has been able to maintain a stable market cap over the years, despite volatile market conditions, as well as a healthy return on equity. This demonstrates the company’s strong financial performance, as well as its ability to effectively manage its operations.
Summary
SKYWARD SPECIALTY INSURANCE recently reported its financial results for FY2022 Q4, revealing strong performance. Total revenue surged by 1447% year-over-year to reach USD 20.4 million, while net income grew by 29.1%, amounting to USD 187.4 million. This indicates that the company is in a strong position and is a sensible investment for potential investors. Moreover, continued growth next quarter would likely bode well for the company’s financial performance and would create additional opportunities for growth.
