Skyward Specialty Projects FY26 Net Income Of $207M - $216M, Or $4.50 -$4.70 Per Share; Expects Gross Written Premiums Between $2.65B And $2.8B

Skyward Specialty also announced its financial guidance, inclusive of Apollo, for the 2026 fiscal year. This outlook reflects the Company's commitment to delivering top quartile underwriting and sustainable earnings and shareholder growth. Skyward is providing 2026 financial guidance as a result of, and assuming the closing of, the Apollo acquisition and the anticipated impact on the Company's future results. Going forward, the Company intends to provide fiscal year guidance for future fiscal years in the first quarter of such year, consistent with its historical practice.

Pro forma guidance for the year ending December 31, 2026, subject to closing:

• Gross written premiums between $2.65 billion and $2.8 billion and net retention of approximately 65%;
• Combined ratio between 90.5% and 91.5%, inclusive of 2.0 to 2.5 points of catastrophe losses;
• Net investment income between $115 million and $120 million;
• Syndicate management service fee income between $30 million and $35 million(1)
• Commission and fee income between $5 million and $8 million;
• Net income between $207 million and $216 million, or $4.50(2) and 4.70(2), respectively, per diluted share; and,
• Adjusted operating income(3) between $221 million and $230 million, or $4.80(2) and $5.00(2), respectively, per diluted share.