Apollo, a Skyward Specialty Insurance Group, Inc. company (Nasdaq: SKWD) (“Skyward Group”), today announced the results of its Lloyd’s Syndicates under management for the year ending 31 December 2025. Despite a more competitive market, Apollo delivered a strong performance across its portfolio, demonstrating the strength of its underwriting expertise, disciplined approach to portfolio management, and continued commitment to innovation.
Highlights for the year included:
- Apollo’s aligned underwriting Syndicates, s.1969 and s.1971, delivered $1,518 million gross written premiums and achieved a combined ratio of 88.8%;
- Gross premium income was $1,518 million, an increase of 20% when compared to 2024, driven by strong performance across established classes of business and continued focus on high-quality risks; and,
- Premiums under management for the nine Apollo managed Syndicates totalled $1,838 million in 2025.
- Two new platform syndicates commenced underwriting for the 2026 year following Lloyd’s approval.
David Ibeson, Apollo CEO, commented: “2025 has been a pivotal year for Apollo as we continued to build on our strengths while navigating an evolving global landscape. Our results reflect not only our disciplined financial management, but also our unwavering commitment to delivering value for clients and partners through innovation and service excellence.”
“As we look ahead to 2026, we are excited about the opportunities presented by our new syndicates and joining forces with Skyward Group. Together, we are well-positioned to drive sustainable growth while empowering our people and deepening global partnerships.”
Taryn McHarg, Apollo CFO and Skyward Group Deputy CFO said: “The strong Syndicate results achieved in 2025 highlight the resilience of our strategy and the dedication of our teams across all areas of the business. As we move into this next chapter alongside Skyward Group, we remain focused on leveraging technology-driven insights, fostering collaboration across divisions, and creating long-term value for all stakeholders.”
Non-U.S. 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 (“U.S. GAAP”). We refer to these measures as “non-U.S. GAAP financial measures.” We use these non- U.S. GAAP financial measures when planning, monitoring, and evaluating our performance.
We consider these non-U.S. GAAP financial measures to be useful metrics for our management to facilitate operating performance comparisons from period to period. While we believe that these non-U.S. 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 U.S. GAAP. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces their usefulness as comparative measures.