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Skyward Specialty Announces Acquisition of Apollo Group and 2026 Financial Guidance

Skyward Specialty Insurance Group, Inc. (SKWD) | December 3, 2025

By Ian Walker

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Skyward Specialty Insurance Group, Inc. has received regulatory approvals and minority shareholder approval for its acquisition of Apollo Group Holdings Limited.

The transaction is expected to close early in the first quarter of 2026, pending final closing conditions.

Skyward Specialty also provided financial guidance for the 2026 fiscal year, including key performance metrics and projections.

Acquisition Approval

Secured required regulatory approvals and minority shareholder approval for the acquisition of Apollo Group.

Financial Guidance

Provided outlook for 2026, including gross written premiums, net retention, combined ratio, net income, and adjusted operating income.

Operational Strength

Operating from a position of exceptional strength, with a fiscal year 2025 combined ratio between 89% and 91%.

  • The acquisition of Apollo Group represents a significant step forward in Skyward Specialty's market position and innovation capabilities.
  • The company's commitment to 'Rule Our Niche' and deliver top quartile results is reflected in the 2026 financial guidance.

Skyward Specialty looks forward to closing the Apollo acquisition early in 2026 and leveraging the combined strengths of the two companies to drive innovation and growth in the specialty insurance market.