Skyward Specialty Insurance Group announced the acquisition of 100% of Apollo Group Holdings Limited for $555 million.
$184 million of stock consideration will be provided to employees and strategic investors, with the remaining $371 million in cash.
The transaction is expected to enhance Skyward Specialty's position in the U.S. specialty markets with double-digit adjusted operating EPS accretion.
Acquisition Details
Skyward Specialty to acquire Apollo Group Holdings Limited for $555 million, enhancing its specialty markets position.
Financial Impact
Expected double-digit adjusted operating EPS accretion in the first year post-closing and adding over $1.5 billion of managed premium.
Operational Expansion
Apollo's expertise in specialty underwriting and innovative market positioning will bolster Skyward Specialty's offerings.
- The acquisition aligns well with Skyward Specialty's strategy, introducing new specialty niches and innovative solutions.
- Apollo's growth rate of approximately 20% since 2010 highlights its success in the U.S. specialty markets.
- The cultural and strategic alignment between Skyward Specialty and Apollo sets the stage for future opportunities in the specialty insurance sector.
The acquisition of Apollo Group Holdings Limited marks a significant step in Skyward Specialty's 'Rule Our Niche' strategy, positioning the company for enhanced growth and innovation in the specialty insurance market.