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Skyward Specialty Insurance Group Priced, Nasdaq: SKWD

Specialty property & casualty insurer focused on underserved markets.

Industry: Financials

Latest Trade: $36.38 -0.14 (-0.4%)

First Day Return: +27.3%

Return from IPO: +143.5%

Industry: Financials

We are a growing specialty insurance company delivering commercial property and casualty (“P&C”) products and solutions on a non-admitted (or excess and surplus (“E&S”)) and admitted basis, predominantly in the United States. We focus our business on markets that are underserved, dislocated and/or for which standard insurance coverages are insufficient or inadequate to meet the needs of businesses, including our customers and prospective customers operating in these markets. Our customers typically require highly specialized, customized underwriting solutions and claims capabilities. As such, we develop and deliver tailored insurance products and services to address each of the niche markets we serve. Our portfolio of insured risks is highly diversified -- we insure customers operating in a wide variety of industries; we distribute through multiple channels; we write multiple lines of business, including general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety and workers’ compensation; we insure both short and medium duration liabilities; and our business mix is balanced between E&S and admitted markets.
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IPO Data
IPO File Date 11/14/2022
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 9.0
Deal Size ($mm) $134
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/12/2023
Offer Price $15.00
Price Range $14.00 - $16.00
Offer Shares (mm) 9.0
Deal Size ($mm) $134
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Barclays
Keefe Bruyette Woods
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Company Data
Headquarters Houston, TX, United States
Founded 2006
Employees 441
Website www.skywardinsurance.com

Skyward Specialty Insurance Group (SKWD) Performance