SKWD: revenue $489.5M, net income $49.0M. SKWD completes Apollo acquisition, adding Lloyd's platform; remediates IT controls

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Closed Apollo acquisition Jan 1, 2026 for $559.1M ($371M cash + 3.7M shares), adding U.K. Lloyd's operations across nine syndicates and a fee-based managing agency platform generating $22.7M in H1 2026.

  MD&A: Apollo Acquisition verify on EDGAR →
• high

  Revenue grew 53.0% YoY to $489.5M in H1 2026, driven by Apollo segment contribution ($158.7M gross written premiums) and Skyward Specialty organic growth; Apollo combined ratio 91.3% for the half.

  MD&A: Segment Results verify on EDGAR →
• high

  Interest expense rose from $3.7M to $16.5M in H1 2026 due to $300M Term Loan Facility and expanded $250M Revolving Credit Facility ($114.5M drawn) used to finance Apollo acquisition.

  MD&A: Interest Expense verify on EDGAR →