Skyward Specialty Insurance Group to Acquire Apollo Group Holdings Limited, Amplifying “Rule Our Niche” Strategy

HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Skyward Specialty Insurance Group, Inc.^® (Nasdaq: SKWD) (“Skyward Specialty” or the “Company”) today announced it has entered into a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited (“Apollo”) for a total consideration of $555 million from Alchemy, management, employees, and other strategic investors. Employees and strategic investors will receive $184 million of stock consideration⁽¹⁾, while the remaining $371 million will be paid in cash, with committed debt financing in place. The transaction is expected to deliver double-digit adjusted operating EPS⁽²⁾ accretion in the first full year post closing while adding more than $1.5 billion of managed premium⁽³⁾, further reinforcing Skyward Specialty’s position as a leader in U.S. specialty markets.

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