Skyward Specialty Insurance Group (SKWD) Proxy Filing summary

Executive summary

• Achieved 19.4% growth in gross written premiums to $1.743 billion and 38.2% increase in net income to $118.8 million for 2024.

• Adjusted combined ratio was 91.2% and return on equity reached 16.3%, up from 15.9% in 2023.

• A.M. Best rating upgraded to "A" (Excellent) with a stable outlook; five new business lines launched.

• Stock price tripled since IPO in January 2023, closing at a record $54.93 on December 4, 2024.

Voting matters and shareholder proposals

• Four proposals: election of two Class III directors, advisory vote on executive compensation (Say-on-Pay), advisory vote on frequency of Say-on-Pay, and ratification of Ernst & Young LLP as auditor.

• Board recommends voting for all proposals and for annual Say-on-Pay votes.

• Shareholder proposals for the 2026 annual meeting must be received by November 26, 2025.

Board of directors and corporate governance

• Board consists of eight members, seven of whom are independent; divided into three classes with staggered three-year terms.

• Two Class III directors, Marcia Dall and Anthony J. Kuczinski, nominated for re-election.

• Board committees (Audit, Compensation, Nominating and Corporate Governance, Risk, Investment) are composed entirely of independent directors.

• Lead Independent Director role held by Anthony J. Kuczinski; board refreshment with five new directors in past three years.

• Board met eight times in 2024; all directors attended at least 75% of meetings.