Form 8-K - Current report

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 5, 2025 (February 5, 2025)

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Skyward Specialty Insurance Group, Inc.

(Exact name of registrant as specified in its charter)

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Delaware (State or other jurisdiction of incorporation or organization)			001-41591 (Commission File Number)			14-1957288 (I.R.S. Employer Identification Number)
800 Gessner Road, Suite 600 Houston, Texas						77024-4284
(Address of principal executive offices)						(Zip Code)
[phone]
(Registrant's telephone number, including area code)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol			Name of each exchange on which registered
Common stock, par value $0.01			SKWD			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.

Emerging growth company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

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Item 1.01    Entry into a Material Definitive Agreement

On January 31, 2025, Skyward Re, a wholly owned insurance company subsidiary of Skyward Specialty Insurance Group, Inc., (the “Company”), commuted its existing Loss Portfolio Transfer and Adverse Development and Retrocession Agreement, dated April 1, 2020 with R&Q Re (Bermuda) Ltd. ("R&Q") pursuant to a Commutation Agreement dated February 3, 2025 (the “Commutation Agreement”). Attached hereto as Exhibit 10.1 is the Commutation Agreement, which is incorporated herein by reference.

Item 1.02    Termination of a Material Definitive Agreement

The information set forth above under Item 1.01 is incorporated by reference into this Item 1.02.

Item 2.02    Results of Operations and Financial Condition

On February 5, 2025, the Company issued a news release announcing preliminary financial information for the fourth quarter of 2024 in advance of its full year and quarterly earnings to be released after the market closes on Tuesday, February 25, 2025. The press release is furnished as Exhibit 99.1 to this Report and is hereby incorporated by reference in this Item 2.02.

As provided in General Instruction B.2 of Form 8-K, the information and exhibits contained in this Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Forward-Looking Statements

Statements made in this Current Report on Form 8-K, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this report was prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate,” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, changes in interest rate environment, management’s business strategy, national, regional, and local market conditions and legislative and regulatory conditions.

Item 9.01    Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.						Description of Exhibits
10.1						Commutation Agreement dated January 31, 2025
99.1						Press Release dated February 5, 2025
104.1						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

									SKYWARD SPECIALTY INSURANCE GROUP, INC.
Date:						February 5, 2025			/s/ Mark Haushill
									Mark Haushill
									Chief Financial Officer

EXHIBIT 10.1

COMMUTATION AND RELEASE AGREEMENT

THIS COMMUTATION AND RELEASE AGREEMENT (the “Agreement”) is made on the 31st day of January 2025 BETWEEN:

(1)R&Q Re (Bermuda) Ltd., acting in respect of the HIIG Segregated Account (in such capacity “RQRE”);

(2)HIIG Re (k/n/a Skyward Re) (“SRE”); and

(3)Houston Specialty Insurance Company, Imperium Insurance Company, and Great Midwest Insurance Company, (each a “Ceding Company,” and collectively, the “Ceding Companies”),

(4)(each a “Party” and together the “Parties”).

WHEREAS:

(A)RQRE is an exempted company incorporated in Bermuda. In or around 2020, R&Q Bermuda (SAC) Limited merged into R&Q Re (Bermuda) Ltd;

(B)SRE is a company incorporated in the Cayman Islands;

(C)The Ceding Companies are licensed insurance companies domiciled in the state of Texas;

(D)

(E)The Ceding Companies and SRE entered into a Loss Portfolio Transfer and Adverse Development Reinsurance Agreement on 1 April 2020 (the “Reinsurance Agreement”) pursuant to which SRE agreed to reinsure certain insurance programs (identified at Exhibit A of the Retrocession Agreement) (the “Underlying Insurance Programs”) underwritten by the Ceding Companies and Oklahoma Specialty Insurance Company, each an affiliate of SRE;

(F)

(G)R&Q Bermuda (SAC) Limited, SRE and, solely for purposes of Article 7, Article 11, Article 12, Article 23, Article 28 (and Article 2 and Article 30 to the extent relating to any of the foregoing) of the Retrocession Agreement, the Ceding Companies, entered into a Loss Portfolio Transfer and Adverse Development Retrocession Agreement on 1 April 2020 (the “Retrocession Agreement”);

(H)

(I)Pursuant to the Retrocession Agreement, RQRE agreed to provide retrocession coverage for certain of SRE’s obligations under the Reinsurance Agreement;

(J)

(K)The Reinsurance Agreement and the Retrocession Agreement each provides that RQRE and SRE shall secure their obligations in respect of the Retrocession Liabilities (as such term is defined in the Statutory Trust Agreements) to each of the Ceding Companies by

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depositing and maintaining certain assets in trust for the benefit of the Ceding Companies;

(L)

(M)R&Q Bermuda (SAC) Limited, SRE, the Ceding Companies individually, and the Bank of New York Mellon as Trustee, entered into entered into Statutory Trust Agreements on 1 April 2020 (collectively, the “Statutory Trust Agreements”);

(N)

(O)The Parties now wish to close out their respective obligations to each other under the Retrocession Agreement;

(P)

(Q)Article 13 of the Retrocession Agreement provides that such agreement shall be commuted effective at any calendar quarter end with the mutual agreement of R&Q Bermuda (SAC) Limited (now RQRE) and SRE and the Parties have agreed to modify the Retrocession Agreement so as to allow for commutation at the end of a month instead of quarter; and

(R)

(S)In consideration of the promises and covenants set forth herein, and intending to be legally bound, the Parties contract and agree as follows:

1.COMMUTATION AND RELEASE

1.1.The effective date of this Agreement shall be 31 January 2025 (“Effective Date”).

1.2.Prior to the Effective Date, SRE will pull down the funds currently held in a Letter of Credit at Bank of New York-Mellon.

1.3.Within ten (10) calendar days following the date this Agreement is executed RQRE shall pay to SRE the sum of USD 3.5 million (the “Commutation Payment”).

1.4.As soon as practicable following the Effective Date, the Parties shall take all necessary actions to procure the termination and release of any and all letters of credit and trust accounts (including the Statutory Trust Accounts, as defined in the Retrocession Agreement), and terminate the Statutory Trust Agreements.

1.5.Additionally, as of the Effective Date the Ceding Companies shall become entitled to the balance of any and all funds provided by RQRE as collateral for their individual benefit, held in the Statutory Trust Accounts.

1.6.By executing this Agreement and in consideration of the mutual releases, promises and obligations set forth herein, and other consideration under this Agreement including as provided by clauses 1.2 to 1.4 above, as of the Effective Date each Parties’ past, present and future obligations, liabilities, rights and interests under the Retrocession Agreement, whether or not such obligations are due to RQRE, SRE, a Ceding Company or some other party, and the Retrocession Agreement itself, shall be deemed to be commuted, fully and finally settled, discharged, satisfied and/or terminated (as the case may be).

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1.7.As of the Effective Date, each Party to this Agreement, on behalf of itself and its parents, subsidiaries, affiliates, officers, directors, predecessors, successors and assigns, hereby releases, discharges and relieves the other Parties and their parents, subsidiaries, affiliates, officers, directors, predecessors, successors and assigns, of or from any and all actions, causes of actions, claims, counter-claims, suits, debts, sums of money, accounts, covenants, contracts, agreements, promises, contribution, indemnification, damages, judgments, executions, and demands whatsoever, at law, in equity or otherwise, whether known or unknown, relating directly or indirectly to the Retrocession Agreement except only the obligation to perform the duties established by this Agreement.

1.8.If any settlement requires an affirmative obligation of, results in any ongoing liability to, or prejudices or detrimentally impacts either Ceding Companies or SRE in any way, then such a settlement will require the Ceding Companies’ and/or SRE’s prior written consent (not to be unreasonably withheld or delayed), and Ceding Companies and SRE may, at their own cost and expense, have counsel in attendance at all proceedings and substantive negotiations relating to this Agreement.

1.9.The Parties acknowledge that the Underlying Insurance Programs otherwise remain in full effect.

1.10.If this Agreement is held to be invalid or unenforceable, then the terms and obligations of the Reinsurance Agreement and Retrocession Agreement, including the limits stated in each document, shall be reinstated as of the Effective Date and shall continue in full force in effect.

2.REPRESENTATIONS AND WARRANTIES

2.1.Each of the Parties hereto expressly warrants and represents, as of the Effective Date, that:

(a)it has full power and authority to execute this Agreement and to comply with the provisions of, and perform all its obligations under this Agreement;

(b)this Agreement constitutes its legal, valid and binding obligations enforceable against it in accordance with its terms except as such enforcement may be limited by any relevant bankruptcy, insolvency, administration or similar laws affecting creditors' rights generally, however, for clarification, there is nothing that affects the validity or enforceability of this Agreement stemming from RQRE’s current status;

(c)the entry into and performance by it of this Agreement does not violate (i) any law or regulation of any governmental, regulatory or official authority, or (ii) any agreement, contract or other undertaking to which it is a party or which is binding upon it or any of its assets;

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(d)all consents, licences, approvals, and authorizations required in connection with the entry into, performance, validity and enforceability of this Agreement have been obtained and are in full force and effect;

(e)it has taken all corporate and other action required to approve its execution, delivery and performance of this Agreement;

(f)the Scheme Supervisors (as such term is defined in the Scheme) appointed pursuant to the scheme of arrangement entered into between RQRE and certain of its creditors effective 31 January 2025 and attached herein at Appendix 1 (“Scheme”) have approved this Agreement in accordance with the Scheme; and

(g)none of the obligations, liabilities, rights and interests, settled and/or released hereunder have been previously assigned, sold or transferred to any other person or entity not bound by the terms and conditions of this Agreement.

3.MISCELLANEOUS

3.1.If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

3.2.This Agreement, together with any documents referred to herein, contains the whole agreement between the Parties in respect of the subject matter of this Agreement and supersedes and replaces any prior written or oral agreements, representations or understandings between them relating to such subject matter. The Parties confirm that they have not entered into this Agreement on the basis of any representation that is not expressly incorporated into this Agreement. Without limiting the generality of the foregoing, none of the Parties shall have any remedy in respect of any untrue statement made to him upon which he may have relied in entering into this Agreement, and a Party's only remedy is for breach of contract. However, nothing in this Agreement purports to exclude liability for any fraudulent statement or act.

3.3.No variations of this Agreement shall be effective unless made in writing and signed by each Party.

3.4.This Agreement shall be binding and inure for the benefit of the successors and assigns of the Parties.

4.NOTICES

4.1.Any notice required to be given hereunder shall be in writing in the English language and shall be served by sending the same by email or by delivering the same by hand to the address of the Party in question as set out below (or such other address as such Party shall notify the other Party in accordance with this clause). Any notice sent by email as provided in this clause shall be deemed to have been served at the time of despatch and in proving the service of the same it will be sufficient to prove that such email was duly despatched to a current email address of the addressee.

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To RQRE:

2 Church Street

Hamilton HM11, Bermuda.

Attention:Hillary Jarvis

Email: [e-mail]

To SRE:

c/o Marsh Management Services Cayman Ltd.

P.O. Box 1051

Grand Cayman KY1-1102

CAYMAN ISLANDS

Attention: Kieran O’Mahony

Email: [e-mail]

With a copy to:

800 Gessner, Suite 600

Houston, TX 77024

Attention: General Counsel

Email: [e-mail]

    

To Houston Specialty Insurance Company

800 Gessner, Suite 600

Houston, TX 77024

Attention: General Counsel

Email: [e-mail]

To Imperium Insurance Company

800 Gessner, Suite 600

Houston, TX 77024

Attention: General Counsel

Email: [e-mail]

To Great Midwest Insurance Company

800 Gessner, Suite 600

Houston, TX 77024

Attention: General Counsel

Email: [e-mail]

5.HEADINGS

The headings in this Agreement are inserted for convenience only and shall not affect the construction or interpretation of this Agreement.

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6.COUNTERPARTS

This Agreement may be executed in counterparts, each of which when so executed shall be deemed an original but all such counterparts shall constitute one and the same instrument. Delivery of a counterpart signature page by email transmission of a PDF file (or similar electronic record, including DocuSign) shall be effective as delivery of an executed counterpart signature page.

7.GOVERNING LAW

The terms and conditions of this Agreement and the rights of the Parties hereunder shall be governed by and construed in all respects in accordance with the laws of the State of Texas. The Parties hereby irrevocably agree that the courts of the State of Texas shall have exclusive jurisdiction in respect of any dispute, suit, action, arbitration or proceedings which may arise out of or in connection with this Agreement.

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AGREED by the Parties through their authorised signatories:

For and on behalf of R&Q Re (Bermuda) Ltd., acting in respect of the SRE Segregated Account			For and on behalf of Skyward Re
/s/ Parri I. Spector Name: Parri I. Spector			/s/ Jamie Decker Name: Jamie Decker
Position: CEO Date: Jan 31, 2025			Position: On behalf of Marsh Management Services Cayman, Ltd, As Assistant Secretary Date: 01/30/2025
For and on behalf of Houston Specialty Insurance Company			For and on behalf of Imperium Insurance Company
/s/ Mark Haushill Name: Mark Haushill			/s/ Mark Haushill Name: Mark Haushill
Position: President			Position: President
Date: January 31, 2025			Date: January 31, 2025
For and on behalf of Great Midwest Insurance Company
/s/ Mark Haushill Name: Mark Haushill
Position: President
Date: January 31, 2025

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Exhibit 99.1

Skyward Specialty Commutes the LPT, Announces Preliminary Fourth Quarter 2024 Results and Provides Guidance for 2025

Houston, TX – February 05, 2025 – Skyward Specialty Insurance Group, Inc. (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today announced that it commuted the Loss Portfolio Transfer and Adverse Development and Retrocession Agreement (“LPT”) with R&Q Re (Bermuda) Ltd. ("R&Q") related to accident years 2018 and prior. The Company received $11.7 million in cash. Additionally, at December 31, 2024 the Company strengthened LPT loss reserves by $25.3 million and recognized approximately $9.8 million, net of tax, of uncollectible reinsurance recoverable from R&Q.

Skyward Specialty also announced the following fourth quarter 2024 preliminary results and provided 2025 guidance:

Highlights for the fourth quarter included:

•Gross written premiums of $388.4 million, an increase of $66.8 million, or 20.8%, when compared to 2023;

•Adjusted combined ratio(1) of 91.6%, including catastrophe losses of 2.2 points;

•Net investment income of $20.7 million;

•Net income of $14.4 million; and,

•Adjusted operating income(1) of $33.2 million.

Guidance for the year ending 2025:

•Net income between $138.0 million and $150.0 million; and,

•Combined ratio between 91.0% and 92.0%, inclusive of 2.0 to 2.5 points of catastrophe losses.

(1) See "Reconciliation of Non-GAAP Financial Measures"

Lastly, the Company has reviewed its exposure to the January California wildfires and expects total losses and loss adjustment expenses to be less than $10.0 million, net of reinsurance.

Skyward Specialty Chairman and CEO Andrew Robinson commented, "We are pleased to have completed the commutation of the LPT and remove future reinsurance recoverable credit risk related to this portfolio. We believe our reserve charge represents a conservative view of the ultimate losses at December 31, 2024."

"With respect to our fourth quarter, our preliminary results are simply outstanding with growth over 20% driven by the intentional investments we have been making in our surety, global agriculture, accident & health, transactional E&S, and mortgage and credit divisions and lines of business. Our adjusted combined ratio for the fourth quarter is a continuation of the excellent underwriting results that we have delivered every quarter since our IPO. With respect to our outlook for 2025, we believe we are positioned to produce another strong year of financial results. While competitive dynamics can change our outlook as we progress through the year, we would expect growth in gross written premiums to be in the low to mid-teens. Our guidance of a combined ratio between 91% and 92% and net income between $138.0 million and $150.0 million reinforces our strong conviction in the outlook of our business, and our sustained delivery of top quartile results while continuing to strategically invest in our business."

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Fourth Quarter Earnings Release and Conference Call

Skyward Specialty expects to issue its fourth quarter 2024 earnings results after the market closes on Tuesday, February 25, 2025. At 9:30 a.m. eastern time on February 26, Skyward Specialty management will hold a conference call to discuss quarterly results with insurance industry analysts. Interested parties may listen to the discussion at investors.skywardinsurance.com under Events & Presentations. Additionally, investors can access the earnings call via conference call by registering via the conference link. Users will receive dial-in information and a unique PIN to join the call upon registering.

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Non-GAAP Financial Measures

This release contains certain financial measures and ratios that are not required by, or presented in accordance with, generally accepted accounting principles in the United States (“GAAP”). We refer to these measures as “non-GAAP financial measures.” We use these non-GAAP financial measures when planning, monitoring, and evaluating our performance.

We have chosen to exclude the net impact of the Loss Portfolio Transfer (“LPT”), all development on reserves fully or partially covered by the LPT and amortization of deferred gains associated with recoveries of prior LPT reserve strengthening in certain non-GAAP metrics, where noted, as the business subject to the LPT is not representative of our continuing business strategy. The business subject to the LPT is primarily related to policy years 2017 and prior, was generated and managed under prior leadership, and has either been exited or substantially repositioned during the reevaluation of our portfolio. We consider these non-GAAP financial measures to be useful metrics for our management and investors to facilitate operating performance comparisons from period to period. While we believe that these non-GAAP financial measures are useful in evaluating our business, this information should be considered supplemental in nature and is not meant to be a substitute for revenue or net income, in each case as recognized in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces their usefulness as comparative measures. For more information regarding these non-GAAP financial measures and a reconciliation of such measures to comparable GAAP financial measures, see the section entitled “Reconciliation of Non-GAAP Financial Measures.”

About Skyward Specialty Insurance Group, Inc.

Skyward Specialty is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. The Company operates through eight underwriting divisions - Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S. SKWD stock is traded on the Nasdaq Global Select Market, which represents the top fourth of all Nasdaq listed companies.

Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A (Excellent) with stable outlook by A.M. Best Company. Additional information about Skyward Specialty can be found on our website at www.skywardinsurance.com.

Forward-Looking Statements

Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are typically, but not always, identified through use of the words "believe," "expect," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Skyward Specialty's Form 10-K, and include (but are not limited to) legislative changes at both the state and federal level, state and federal regulatory rule making promulgations and adjudications, class action litigation involving the insurance industry and judicial decisions affecting claims, policy coverages and the general costs of doing business, the potential loss of key members of our management team or key employees and our ability to attract and retain personnel, the impact of competition on products and pricing, inflation in the costs of the products and services insurance pays for, product development, geographic spread of risk, weather and weather-related events, other types of catastrophic events, our ability to obtain reinsurance coverage at prices and on terms that allow us to transfer risk and adequately

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protect our company against financial loss, and losses resulting from reinsurance counterparties failing to pay us on reinsurance claims. These forward-looking statements speak only as of the date of this release and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

Skyward Specialty Insurance Group, Inc.

Investor contact:

Natalie Schoolcraft,

[e-mail]

614-494-4988

or

Media contact:

Haley Doughty

[e-mail]

713-935-4944

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Skyward Specialty Insurance Group, Inc.

Reconciliation of Non-GAAP Financial Measures

Adjusted operating income – We define adjusted operating income as net income excluding the impact of certain items that may not be indicative of underlying business trends, operating results, or future outlook, net of tax impact. We use adjusted operating income as an internal performance measure in the management of our operations because we believe it gives our management and other users of our financial information useful insight into our results of operations and our underlying business performance. Adjusted operating income should not be viewed as a substitute for net income calculated in accordance with GAAP, and other companies may define adjusted operating income differently.    

($ in thousands)			Three months ended December 31,
(unaudited)			2024
			Pre-tax						After-tax
Income			$	18,554					$	14,406
Less (add):
Net investment losses			(10,409)						(8,223)
Net impact of loss portfolio transfer			(12,398)						(9,794)
Other income			35						28
Other expenses			(1,042)						(823)
Adjusted operating income			$	42,368					$	33,218

Adjusted Loss Ratio / Adjusted Combined Ratio – We define adjusted loss ratio and adjusted combined ratio as the corresponding ratio (calculated in accordance with GAAP), excluding losses and LAE related to the LPT and all development on reserves fully or partially covered by the LPT and amortization of deferred gains associated with recoveries of prior LPT reserve strengthening. We use these adjusted ratios as internal performance measures in the management of our operations because we believe they give our management and other users of our financial information useful insight into our results of operations and our underlying business performance. Our adjusted loss ratio and adjusted combined ratio should not be viewed as substitutes for our loss ratio and combined ratio, respectively.

($ in thousands)						Three months ended December 31,
(unaudited)						2024
						$						% of Net Earned Premiums
Net earned premiums						293,240
Losses and LAE						196,320						66.9		%
Less: Pre-tax net impact of LPT						12,398						4.2		%
Adjusted losses and LAE						183,922						62.7		%
Net policy acquisition costs						44,702						15.3		%
Other operating and general expenses						40,785						13.9		%
Less: commission and fee income						(806)						(0.3)		%
Total net expenses						84,681						28.9		%
Combined ratio												95.8		%
Less: net impact of LPT												4.2		%
Adjusted combined ratio												91.6		%

Cover	Feb. 05, 2025
Document Information [Line Items]
Document Type	8-K
Document Period End Date	Feb. 05, 2025
Entity Registrant Name	Skyward Specialty Insurance Group, Inc.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-41591
Entity Tax Identification Number	14-1957288
Entity Address, Address Line Two	Suite 600
Entity Address, Postal Zip Code	77024-4284
Entity Address, State or Province	TX
Entity Address, City or Town	Houston
Entity Address, Address Line One	800 Gessner Road
Local Phone Number	935-4800
City Area Code	713
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01
Trading Symbol	SKWD
Security Exchange Name	NASDAQ
Amendment Flag	false
Entity Central Index Key	0001519449
Entity Emerging Growth Company	false

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