天域特种保险 2026年季度报告

FORM 10-Q__________________________________________ (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ____________to ____________ Commission file number 001-41591 SKYWARD SPECIALTY INSURANCE GROUP, INC.(Exact name of registrant as specified in its charter) (I.R.S. EmployerIdentification No.) (State or other jurisdiction of incorporation or organization) (713) 935-4800Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports);and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit and post such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☒Accelerated filer☐Smaller reporting companyEmerging growth company Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ As of July31, 2026, the registrant had 44,396,493 shares of common stock outstanding. TABLE OF CONTENTS Form 10-QItem and DescriptionPagePart IItem 1. Financial Statements3Condensed Consolidated Balance Sheets as of June30, 2026 and December31, 2025 (unaudited)3Condensed Consolidated Statements of Operations and Comprehensive Income for the Three and Six-Month Periods Ended June30, 2026 and 2025 (unaudited)4Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and Six-MonthPeriods Ended June30, 2026 and 2025 (unaudited)5Condensed Consolidated Statements of Cash Flows for the Six-Month Periods Ended June30, 2026 and2025 (unaudited)7Notes to Condensed Consolidated Financial Statements (unaudited)8Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations37Item 3. Quantitative and Qualitative Disclosures About Market Risk53Item 4. Controls and Procedures53Part IIItem 1. Legal Proceedings54Item 1A. Risk Factors54Item 2. Unregistered Sales of Equity Securities and Use of Proceeds54Item 3. Defaults Upon Senior Securities54Item 4. Mine Safety Disclosures54Item 5. Other Information54Item 6. Exhibits55Signatures56 PART I - FINANCIAL INFORMATION SKYWARD SPECIALTY INSURANCE GROUP, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) SKYWARD SPECIALTY INSURANCE GROUP, INC. AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1.Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements of Skyward Specialty Insurance Group, Inc. (the “Company”) havebeen prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America for interimfinancial reporting and with the instructions to Form 10-Q and Regulation S-X. Accordingly, they do not include all the disclosuresrequired by GAAP for complete consolidated financial statements. Readers are urged to review the Company’s Annual Report onForm 10-K for the year ended December31, 2025 for a more complete description of the Company’s business and accounting policies.In the opinion of management, all adjustments necessary for a fair statement of the condensed consolidated financial statements havebeen included. Such adjustments consist only of normal recurring items. Interim results are not necessarily indicative of results ofoperations for the full year. The consolidated balance sheet as of December31, 2025 was derived from the Company’s audited annualconsolidated financial statements. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosures o