HOUSTON (AP) — HOUSTON (AP) — Skyward Specialty Insurance Group Inc. (SKWD) on Tuesday reported fourth-quarter net income of $14.4 million.
On a per-share basis, the Houston-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs, came to 80 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.
The property and casualty insurance holding company posted revenue of $304.4 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $299.9 million.
For the year, the company reported profit of $118.8 million, or $2.87 per share. Revenue was reported as $1.15 billion.
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