SKWD: Apollo expanded scale and earnings, while rising loss ratios and market pressures tempered Q3 performance

Q3 revenue and net income increased, while the consolidated combined ratio edged higher. Apollo added underwriting and fee income, and 9M operating income and investment income grew; premium growth faced pressure in selected lines from costs, competition and lower rates.

Original document: Skyward Specialty Insurance Group, Inc. [SKWD] SEC 10-Q Quarterly Report — Nov. 6 2026