Start Time: 10:00 January 1, 0000 10:56 AM ET
Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)
Q1 2024 Earnings Conference Call
May 02, 2024, 10:00 AM ET
Company Participants
Andrew Robinson - CEO
Mark Haushill - EVP and CFO
Natalie Schoolcraft - Head, IR
Conference Call Participants
Mark Hughes - Truist Securities
Paul Newsome - Piper Sandler
Greg Peters - Raymond James
Matt Carletti - Citizens JMP
Meyer Shields - KBW
Yaron Kinar - Jefferies
Bill Carcache - Wolfe Research
Michael Zaremski - BMO
Operator
Good day and thank you for standing by. Welcome to the First Quarter 2024 Skyward Specialty Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to Natalie Schoolcraft, Head of Investor Relations. Please go ahead.
Natalie Schoolcraft
Thank you, Liz. Good morning, everyone, and welcome to our first quarter 2024 earnings conference call. Today, I'm joined by our Chairman and Chief Executive Officer; Andrew Robinson; and Chief Financial Officer, Mark Haushill. We'll begin the call today with our prepared remarks and then we will open the line for questions.
Our comments today may include forward-looking statements, which by their nature involve a number of risk factors and uncertainties, which may affect future financial performance, such risk factors may cause actual results to differ materially from those contained in our projections or forward-looking statements, these types of factors are discussed in our press release as well as in our 10-K that was previously filed with the Securities and Exchange Commission.
Financial schedules containing reconciliations of certain non-GAAP measures, along with other supplemental financial information are included as part of our press release and available on our website, skywardinsurance.com under the Investors section.
With that, I will turn the call over to Andrew. Andrew?
Andrew Robinson
Thank you, Natalie. Good morning, everyone, and thank you for joining us. We started 2024 strong, reporting Q1 adjusted operating income of $0.75 per diluted share. Gross written premiums grew 27%. Our continued strong growth is a direct reflection of our strategy to have a low diversified portfolio of underwriting divisions that allow us to allocate capital to those areas we believe offer the best opportunity for profitable growth and shareholder returns. I'll remind our analysts and investors that growth during 2023 was not the byproduct of already new property cat.