SKWD - Earnings call 4 2022 | Skyward Specialty Insurance Group, Inc.

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Operator

Good day, and thank you for standing by. Welcome to the Skyward Specialty Insurance Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Natalie Schoolcraft, Head of Investor Relations. Please go ahead.

Natalie Schoolcraft

Shannon. you, Thank and conference everyone, our quarter fourth Good welcome earnings call. XXXX morning, to am Chief Today, Robinson; by joined I our Financial Mark and Executive Officer, Haushill. Chief Andrew Officer,

remarks, lines for the with call We questions. we will the our begin prepared open will and today then

number contained affect press cause information, today a release Exchange those the previously future Commission. materially our in included our of Such factors are include with certain and S-X may and financial results forward-looking filed of nature, containing schedules may that along reconciliations and to statements. These from factors comments of in factors statements, as on under part as which performance. was skywardinsurance.com, risk Our well release our as their projections website, or are uncertainties actual differ Financial non-GAAP Investors by press our in forward-looking Securities involve of financial which with may types available risk supplemental the section. measures, our discussed other

to turn Andrew? Now I call Robinson. Andrew Skyward's the CEO, will over

Andrew Robinson

so for you, you everyone, we earnings team's speaking the are a company. you happy be are and believe Good us. It long agility morning, far but achieved dedication, and compelling. innovation results The extremely to thank been conference we to our and point, on this call Natalie. first today with road, we us has as Thank Skyward a public joining have brought

support investors direction heading. our share in the market we our U.S. we We and for remain and are were in the of first about who proud January, in the successfully our we are vision to the IPO that our excitement able XXXX, execute thankful

and drive on continued investment fourth results increased written our growth income. quarter premium levers that Our the momentum, including underwriting performance, business, strong hitting reflect all

a execution our $X.X high a quarter, talk Specifically, business at premiums over to divisions. continue benefit minute, premiums more level, favorable about in gross the market surpassing XX% in across our will for X for and but from billion broadly strong underwriting grew written the continuing we year. Mark conditions

Our or of cats, cat share by $X.XX retention. of inclusive points were adjusted from quarter Elliott, Winter on and fourth minimally adjusted combined X.X ratio $XX.X diluted million of Storm our is impacted losses of combined ratio operating up the was XXXX. We income well within XX% XX.X% per and only the with

We the in inflation continue high cost digits, pure meaningfully to rate it above our and single is loss realize estimates.

last We will year an our result, on cash achieved the from momentum from entering XX.X% to also this X%, cash turn invested results income our fixed in expect equity in our financial all had new greater in for money we our over flow operations. In the call the quarter, position with XXXX. this continue benefit We that together We we I'll continue our a Mark? reinforces portfolio. we strong the financial and further growth, of Mark return that, core XXXX. With to strong believe to adjusted discuss detail. to over

Mark Haushill

Thank Andrew. you,

million $X.X we reported of quarter income For $XX.X to the compared 'XX. for the quarter, net fourth million of

we per $X.XX adjusted year million $X.X same period diluted to share $XX.X As the reported per on a million share compared $X.XX operating an basis, Andrew or or noted, income for diluted of ago.

in period the adjusted year, or continued $XX.X for QX, approximately to operating million of XX%. or $XX.X up approximately per the related XX%. of quarter diluted Surety per $X.XX continuing less by audit for compared the division quarter, to ago. In million we only Every to income year XXXX. for business notable grew Professional million each For share same Exited our reported $XX.X in deliver premiums $X income and premiums. gross and we with XX%, over Captives strong to performance divisions, in million compared underwriting while gross our diluted than Transactional million $X.XX reported increased $XX.X written Lines, growth E&S, a amounted written net share basis, an premiums business the to On

million reinsurance. grew by Net the of million XX% which the quarter retention we premium premium and or in XX.X% E&S quota Surety in of written to little compared $XXX Lines, and 'XX, quarter increased the have no for $XXX in 'XX, quarter primarily to to XX.X% from Transactional share net fourth driven fourth Professional

accounting the net of the X quarter the As ceded written and lower premium our be the incepts. treatments. in year of in the amount in our premium due full of a excess higher each of loss quarters retention to reinsurance the excess loss which X quarters reminder, we first record the for in to expect last We treaty expected

Moving Elliott our points Storm on. includes the from quarter by of acquisition and ratio expense the by business. compared non-cat primarily losses compared year 'XX. the from fourth the addition mix we the loss while ratio accident fourth 'XX, improved to LPT. The impacted catastrophe the X.X current Midwest. The the We of increase our no costs point The combined the reserves of XX.X% changing changes levels 'XX, and was Winter business. expense ratio by driven lower catastrophe to quarter in development the had of fourth in subject up of of to of tornadoes XX-point the 'XX, resulting improvement losses XX.X% 'XX. was flat driven point underwriting which ratio, quarter of accident driven prior had and X.X of of by points quarter adjusted accident overall in Year-to-date, in to year from X.X had of X.X the quarter, an was in non-cat loss for year in a higher the was quarter strengthening a business ratio of fourth to mix in We ratio talent improvement the compared loss

incremental to loss improvement ratio a costs, our greater benefit acquisition ratio. the certain overall of businesses higher While combined come is with our

investment Net compared results. investment quarter $X.X 'XX. million our increased to the XX% the in to income to period of same turning Now

compared the XX% increased For $XX.X 'XX. investment year, net to income to million

compared fixed of ago. The increased yield income for opportunistic the investment to the net materially the income base. was our investment for interest and year increase growth benefited year our and to invested significant a core had quarter portfolio principally year, portfolio. the X.X% fixed from income a the core both investment core income asset a portfolio fixed from in contributed And net investment rates income our income in in The the both rising net X.X% from generated fixed Our income.

deploy this continue attractive. continue to be As to portfolio risk-adjusted returns we Andrew cash flow mentioned, as to the

million invested income at the portfolio XX/XX/XX, portfolio At the the quarter, X.X% in compared book yield we approximately X.X% X.X%. at the on 'XX. was During to year-end $XX core fixed

new quarter year-to-date, environment, rate the fixed fixed portfolio of money invested income. The is but currently interest adjustments core income current in being fixed 'XX, X.X%. income opportunistic the mark-to-market in by the Given the impacted fourth portfolio all yielded was opportunistic

$XX.X of future the expect and Our in net due in reverse unrealized investment hold increase interest the losses losses fixed to 'XX our maturities rates. We included million gains to in bonds generally periods mature. we as in or net maturity, comprehensive unrealized taxes totaled income until

to in rating of AA, no remarks. the average Andrew over an and turn for impairments has it portfolio portfolio. With current concluding are that, I'll Our there

Andrew Robinson

Mark. you, Thank

outlook on update quarter you let on a and Before and for QX me XXXX, I items. brief and reflect performance the X first for summarize our give our full year

and X/X specifically quota terms for our material pleased global renewals excess the regarding professional and We're with orderly property and of First, reinsurance renewals, quota lines plans consistent casualty The a reinsurance with consistency share XXXX. the our our our partners. share, program. in are our quality

whole account for new treaty auto with in excluding portfolio-specific share entered liability. captives. We and quota auto we to currently reinsurance liability us optionality a place also incepted The X/X/XX into new have for provides respect

reinsurers our been outlook As testament to and approach to the the and context, time, is for evaluating this auto we've terms interest achieved we and participate directly in commercial underwriting liability. attractive performance, some unique to claims quality, for a by

gave do X/X although model lower change we and income, pre-IPO retained QX. combined net QX Our premium ratio expect for we not net for and renewals inputs our

we IPO, proceeds $XX.X as net received million. of Secondly, our of part successful

As our be continued to these our business. the used proceeds outlined roadshow, of growth during will support

our to Turning and performance outlook XXXX. XXXX back for in our

our progress. in outset estimated pricing in conditions in we E&S over compete. Skyward our specialty loss towards remains continue rate our the strong to Specialty's at improve still to than inflation where trajectory top single robust, across markets quartile and Operationally, position business is parts pleased invest We I'm mid-teens the with average cost I achieved total Submission market higher As prior and with digits, the call, the favorable, our growing noted the year. the admitted further we flow remain division. of each high of strong, performance. a increase

increasingly challenging an our the Our validates orderly reinsurance quality for renewals X/X the book. of context of in environment cedents

are quarters of serve build in underwriting and fourth strong growth, continued quarter and ahead. marine distribution important admitted in of talent to market business lines recent broadly, market A+ We years expand well-diversified and with book the competitive numerous the that E&S our in we moat will accident. More to segments and such span continue a change strategically positions product and This inland as announcements in specialty defensible in as to occupational that conditions a our attract us to channels. well the

claims underwriting of line in where We niche clear underserved a capabilities the focus on top underwriting our to our advanced amplify and performance steadfast by data and and team. talent utilizing technology analytics quartile markets also top-tier driven have remain we sight of to

XXs Q&A. new up engaged quarter fast XXXX. I'd back ROE. and out results We real action as certainly a accomplished strong we do, to in quarter we market presents a turn call premium proud disruption of we success importantly, us enables year-end as are demonstration what Operator? had We're and and and open of view for opportunities. In unique double-digit what finished continued our like over dislocation our it the now low set fourth to to and delivering advantage well growth, take culture combined operator we that achieved positioned the and we for year summary, in strategy ratio the Our strong mid-teens with and another to workforce momentum. and move to

Operator

[Operator the Matthew first Carletti Instructions] of with question JMP Securities. comes Our from line

Matthew Carletti

I'd was there? hoping pricing you're there fewer I getting bit the think a of that strong had kind of steady across pricing excess Andrew, sustaining a this and such loss if And at gap, bit quarter have able the you about has that why I little as think through least on a cost trend. talked in recently, guys segue or two, just just -- perfect of you narrowing to gap. Can nuances kind success the your you not terms actually a areas and about you months? onion gone peel more kind been back quarter of there's of of say, of in have peers to the of been fewer talk And certainly of it the any the is if certain that you've been to in your kind it's reaccelerating been --

Andrew Robinson

Yes.

So I the prior mentioned we're as great high come the quarter. What actually in a prepared Matt. we in cost the seen our I commented off on still couple loss single our of inflation, remarks at was above have And pricing from that digits. question, note ticks

those not the rate, a underwriting not quarter from for where it's But in against were it be has we we're cost quarters come before if off a we're adding right? our pure and assumptions high change, where, where quarter seeing bit nice a the we but It's So position a still bit were on still actually of loss that, watermarks us. if delta. in should before X margin, as still inflation

see margin seeing but feel position entirely sure really as our about hopefully, not inflation that's gain. different, fact we're just something rate We it's just I'm underwriting loss relativity. crystallize, that in assumptions we'll a So our sort cost a of good is the where that that

Matthew Carletti

trends a might helpful process. That's reserve could. then able the year-end was just during Great. That give one you more saw the if color. you great. hoping on other no I Mark, on bit little some through be that to underlying And be quarter, the went as question, you reserves mentioned of color development I you would really but

Mark Haushill

it the the or Matt, didn't in ex would as thought at I in mentioned, had in cost LPT. we a the loss where trending any high be. development line in have level, quarter of And is year the with we

would the -- what just development and costs thought in is would it line say I our our with So loss we be.

Matthew Carletti

Great. out box. first Congrats quarter nice on a the of

Andrew Robinson

Thanks, Matt.

Mark Haushill

Matt. Thanks,

Operator

comes question from next Shields of the with line Our Meyer KBW.

Meyer Shields

And pricing. in than particular cat was on near-term or Andrew, can more exposed. are whether I I first guess. speculation, If seeing your lot property you for speculation property broadly, there's of pricing up follow isn't any I Matt's inflection overly clearly, question, year-to-date, about wondering optimism book? I book know a property your

Andrew Robinson

Yes. Meyer, the question. thanks for

stress property of X property So and layer, Even that fire seeing of within some and the our decisions it's it. under then -- self-insure conditions, our concentrations for of a little cetera, which that our but of inures -- bit to gives a primary and for describe it manifesting certainly itself Transactional brokers, it the where top a Transactional knowing for the partners, and our keep we buyers power. Because a us on would the book distribution that give et can us principally we're to within sure. And on pricing as think us pricing the technical in to I we're risk, them principal for are global probably about property, our lot different thoughtful so seeing of much only ways. quote, for E&S we're I certainly we've biggest at but property there's cat-exposed, since question go E&S. write they terms becomes us our sort it been is Certainly place it, and are almost making risk, more, really there's are on to also the payroll side, business, on global right, price we'll And benefit. more though no turn

that, and that's So to run it confident I very sides, both seeing for for on us. here going feel bit a we're

Meyer Shields

expense guess, And then the, In I in share. from XXXX Fantastic. particularly acquisition on ratio account we Okay. quota should various aggregate, discussion, up expect meaningful the reinsurance following to movements? whole the the change reinsurance the

Andrew Robinson

No. time. this X/X. principally liability -- note, my evaluating have And for I as acted coverages that some mentioned, auto been the we X/X. I portfolio-specific on And as mentioned there we've We in incepted it in

that no, where sort net quite to you much to approach investors those and we approach of we that's it evaluate business. in a But going we underwriting portfolio-specific the during period claims, support us process received our terms. And IPO to unique retentions. excellent we auto our X-month we're visible and around on get shared honestly, think, of what the visible unique and commercial it's reinsurers in results, to with So of our have items I when We're in interest liability, on line the reinforces X/X. lower

Meyer Shields

update That's I fixed can, Fantastic. if And one very Okay. -- helpful. question, duration. last for income getting was I I the core guess, an Mark. portfolio hoping on for

Mark Haushill

X. at Right

Andrew Robinson

And it's unchanged as well, Meyer.

We above without income in that duration quarter this on the fixed able to core invest past on -- our have X been well portfolio. stretching

Operator

the Our line of Mark with from next Hughes comes Truist. question

Mark Hughes

on I to and retained guidance bottom the line. described X couple to the broader the lower specific seasonality terms first You retention the related some quarters, the us it, next can Any then factors? ratio you impact of adjustment -- magnitude to over half? give But there's premium some you of of in it going do in liability what those the agreement not new the think does

Andrew Robinson

might thought and question, Great coming. it Yes. be

I quarters, think first, this. of talked first X just So Mark terms the in to

the is that's principal We large the And premium from the that treaties have perspective, an And driver. deposit noted, those incept really our Mark in XL quarters. quarters. recognized first during fully X as accounting

nice in received terms had assumptions. The a our yet last again, up inputs process provided On is this during I combined -- spoke the the and you evaluating it we about think, we mentioned that the net are you, it's we the the really thing that negotiating quota on which us that we effectively, It concluded. quota model in whole to was quarters the and we wasn't share we leading this are on process, regarding because account even X items account that that last of to not that ratio. share, whole for something attractive IPO, over the for enough that I wash the

then be much quota get whole that second we're get And that this evaluating the the we'll we And say and specific optionality we'll got purposes as should time. during reinsurance the so in period liability evaluation. covers, and some that the we've but all we for going more intents we going an to closer portfolio, make already that on to on still I'm the year the are account of to as you that's place. update context valid. And assume in have that to you of half share you not assumed things certainly, that, which in context And auto

Mark Hughes

good to X hire looks pace. a you're us that about think months? or over Can like a what terms hiring And at like continuing of of we give anticipate when has the mentioned you What do pretty looked then in XXXX? sense you you last

Andrew Robinson

I the have So data.

bunch aligning hear that. try would time. for I us of around high a that But was say terms unquestionably our of did talent an adding around lot important to You'll certainly We watermark. a XXXX a I XXXX page strategy. our was high in if watermark was a underwriters. flipping get XXXX to

years tell seat, lot we underlying of you, are targeting, been As at plans. I key same that by feel we'll there's Mark, continue underwriters have would handfuls run to sort and or that going about for is assumptions underwriting our a areas, headcount we key sort high-quality in been to we being this I've we rate that of which invest kind couple we of as of this the people the a But to look which slowdown have also our to our be for we've forward into of -- the been of plan to how sort talking to of the and we time, have -- we X.X opportunistic, that think like that we're people we're team right? We have view across, us. as our in part of a if with, -- underwriting of a the relationships I come will built we've talent year, grow sort in very ready person adjust a top-tier company. performance the of

IPO. even we so within manage that inputs if beyond our you emerge I the still up expectations, think leading it And probably opportunities the of to kind about to we'll talked those

Mark Hughes

hired say that way any you meaningful expected way characterize up. And how be? still is to to folks the Any to ramping they're XXXX? in Presumably

Andrew Robinson

Well, in saw for us. XX% growth the particularly are mentioned other a those And our by the segment Mark up the to for other Captives we division, experienced those what and Surety is and underwriting And in of underwriter-driven underwriting part important or are point there. that teeth areas first We've is focal X Yes. divisions that's been kind of turning really and thing. And our opportunity But X big much an opportunity division you're in grab, his been remarks Liability, more our of strategy, where been the that's first over seeing really a the have kind think we've of I areas, crank quarter. of Professional the and also, ramping A&H starting just us. strategy. in quarter.

through earn places So Professional they the and principal Surety. are on

lot we'll have think more on a that. to come there I

Operator

Our Benguigui question with comes from of the Barclays. next line Tracy

Tracy Dolin-Benguigui

space. the Lines double-digit driving in you fourth know public touch are guys D&O what's in Professional I growth premium within Can you quarter? on not

attractive you do a view classes on basis? as risk-adjusted which So

Andrew Robinson

Thanks, Great Tracy. question. Yes.

and writing it example. We to sand leading It's expiring down. We are the half of small What have of a to basically some book. end firms other couldn't go in coming going and is law there, we're but going XXXX line not saying D&O wasn't that into excess achieved in into and of what because to I isn't writing the been in what pieces not public can XXXX back is about in the that that as were up drew miscellaneous. rates do huge, a an worthwhile underwriting, we chase believe book our broadly are we principally very focused plus. off. That at the falls talk we've basically We We've let we're weren't rates were on renew there. then not were necessary rates that technical we probably

key which So of it's is kind for that points do us that principal small that's And our focus is executive a roll of is of catch-all domain Professional what miscellaneous, on not within that pretty everything. Other a like into public. part. we areas are lines

in a of the of focus classes niche do So very professional, that kind the really hired private few cannabis of remind in of that's are required. And a that that can you sort some has We quarter a the team been of Sarah the we great other the past drive the it classes. that look unit, obviously, company. we I areas, for announced, health We've believe I'll rate had on we to key we We either care second as kind you third where was a believe that example. which distressed mentioned end we lead a a quarter, or and followed to her. point. Logue areas

that's well some obviously, of growth seeing. so in as that And the through coming you're

Tracy Dolin-Benguigui

account you Got whole also realized share auto. a new it. entered quota I commercial for into that

utilization are we for the of the year? So flip lines balance reinsurance side, can on anticipate less business the where of any there

Andrew Robinson

attractive terms -- board, additional that us we not going X/X the Professional. -- you renewals. that X/X bit felt the had asked like excess might where elected better we retention was we of risk/return at of more loss And That little that. us. Professional, was it I'm a view cover, in getting visible results. for very across something Well, we buy positive be in and a we look, Yes. Since But but renewal question, was of just the the trade-off within a I that part for straight what of on are kept up we was as to I'll more to keep

but the And more. our so improved we ceded, kept that part we also on we terms

to remainder we come year, similar of we as -- we ask area. here much X/X. you year did Professional would portfolio-specific running a an same We'll the update. as an And through there's kinds covers. seek quite those, our through the you opportunities other the And so you'll have I'm what as in we renewal, we'll I go than cat at of is calls, with expect, future those question if of give And sure

Operator

Our next of the Raymond question comes from line with James. Gregory Peters

Charles Peters

question, So I first guess talked the the program. about reinsurance you

One ceding of the you pressure things there's as happened, is commissions. know, that's been on

at if it the So look year in Surety your ratio was like full there. expense for have an I 'XX, 'XX. influence it's where up from things obviously, And

do As about on 'XX? forward, industry 'XX you your about ratio how we do level? commissions ceding And look think we versus for expense pressure at the think how

Andrew Robinson

Greg, question, great for thanks that. So and

So we gave the you. underwriting property the division, structure, just that is that to inputs I our others back we the we the about received that you is of structurally we've have Captives, our to something to just to and expressly reinsurance-intensive. up to global the go through X can say came we parts entirely an leading opportunity is global which with we and our which had plan speak that with of and and which part are that. And the were you IPO, I'm ceding commissions going very way business consistent that built share, quota property

that a those our I share acquisition cede market. And And cost of do process to that whip of about you big that ratios a our for as good forward would and run our as combined very in quota part of feel sort pressure you about expect piece, exposure gave anything receiving. guaranteed we see Captives So we cost and think IPO. inputs really XXXX the share the away you not marketplace sort we X to cedes of have large don't the for portfolio feel same where have look of that. once components, we remaining quota the up I outside in kind are our that the the we leading on structures basis, through there we see parts, The sort parts we're of good the of

Charles Peters

color. Okay. That's good

may look the and of all The core worth you fixed for the fourth revisiting, quarter before the are into normalization you just income other for guidance of probably area you allocating it lower feels that on and start at spoke Any the positively helpful. us off investment there's fixed as be a funds help the about components is you the thinking little that income how -- income year, can some we bit more 'XX? levels. cadence would that. How about opportunistic do net for It like the with

Andrew Robinson

Yes.

we -- Greg. X.X%, For new income The in question, great feels by investing core when feel Great the sure. way, pretty mean, money, pushing good. the do we're I about that fixed environment. X%,

that belief should you is positive for our net a in and that, -- certainly when loss so that kind Our of lock us. moderate also that be hope on the cost inflation environment a little bit

income, you sort provided opportunistic ]. On fixed thinking leading not we're up the and deploying we to [ opportunistic capital into others IPO, the of to as

invested over about will it. feel it be elsewhere reinvest likely actually, we'll fact, Look, great out which In capital in a and time. we source comes

I pressure to is well were the money. equities, the X the those. in the crystallized. Look, there comes in yields volatility Unfortunately, of which the is this we think feel on on stats quarter. what public, to, history really you you for the be and X very money we we attractive. The over are this we're the value volatility down X into into to public We're bit it in Mark always without going in you saw something really And that those go like sort is time, little up of it, that on good picking you're X portfolio a hold but end, the year, our do well gave past marks talk we positions that past about, have private.

term you really input been the long portfolio. that of really rate a to from us, we're some a the his into expectations our and normalized about great then that we'll IPO, we leading And expect positive see over are the provided continue of for more we that you'll kind our up As coming returns that to portion volatility, quarter. run it. first and feel experience to performer investment good it. It's setting We with pleased the aside of the

Operator

line Paul comes question Sandler. next Piper Our with of from Newsome the

Jon Paul Newsome

as Maybe a question. change conditions various guess, conditions? terms rumblings, reinsurance pricing, terms -- terms in I and where the lot serves well. different and and changes we you We seen interested and certainly in a a past I've the but about little see follow-up the Have heard side, bit Because businesses? moves I've flip any property. And in material talked I'm conditions as what as we in a side of on in then question that's certainly seen cycle along. the particularly this the about the

Andrew Robinson

for Paul, There's question, thanks there. lot a by the way. Well, the

property, So that on for are away from our business, going property, right? I to I'm focus very things in say stable. would to you

to fire-exposed a favorable we very grants, you payroll. coverage direct question our exposure we incredibly the and principally -- right? I have grants? a no like On that for it. X a charge underwriters, experienced when more us mean, different to There's understand go coverage is side, It's have just back Transactional those say points the it's given, E&S, to property I they're we mean grants of greater are our whose focus. And but charge to more I'll the environment, about those philosophy folks sort ability process. skilled, the for within property coverage it's Absolutely. also of fundamental for Will underlying can I for

on certainly extent the no and We amongst our side, no cover. property that leading that charge charge But that. it about a that to greater On our of global just terms tightening. the see some competitors really conditions question We're are that particular there's to ability a cover that Obviously, to insureds there's important. to there's a is provide tightening. much there's question the

we I'm very reinsurance remind terms experience place of in I of to for treaties our well can't business in terms to direct in is most the anything side, are property gold that which closer quota market. But I'll writing all I'll there able is would be the change see how you as that will renewal, haven't business. of as report terms the it what we're where that the you X/X that. through us, And was and But out On hearing the been that other that share, and tells conscious we now, we that the probably us. that, approaching the changes we're time in any give as And sure conditions you cat material such because that our wasn't things is conditions. are the

Operator

to for closing Natalie to Thank you. conference turn now I would remarks. the Schoolcraft over back like

Natalie Schoolcraft

on questions everyone, interest Skyward answer again you participating day. may Thanks, any conference have continued for Thank with additional the in for your and I'm for our and have. call forward and after speaking in to We you earnings call you, quarter our questions, your available first a Specialty. support to of look wonderful call.

Operator

conference you call. participating. for This concludes today's Thank

disconnect. You may now

Skyward Specialty Insurance (SKWD) 1 Mar 232022 Q4 Earnings call transcript