Capital International reports 831,378-share stake in Skyward (NASDAQ: SKWD)

Rhea-AI Filing Summary

Capital International Investors reported beneficial ownership of 831,378 shares of Skyward Specialty Insurance Group, Inc., representing 1.9% of the 44,543,065 shares believed outstanding as of 03/31/2026. The filing is an Amendment No. 1 to a Schedule 13G, and CII states sole voting and dispositive power over the reported shares.

Insights

Institutional Ownership Analyst

Large asset manager holds a sub-5% passive stake in Skyward.

Capital International Investors discloses a passive beneficial ownership position of 1.9% equal to 831,378 shares. The filing identifies sole voting and dispositive power, indicating CII exercises voting authority over the position.

Reported ownership is below 5% and labeled as such; the position is typically passive under Schedule 13G rules. Subsequent amendments would show material changes in ownership.

SEC Filings / Compliance Specialist

Amendment clarifies ownership and power; no transactional proceeds disclosed.

The Schedule 13G/A lists CII as beneficial owner and specifies sole voting and sole dispositive power for 831,378 shares. The filing uses the phrase "believed to be outstanding" for the 44,543,065 share total.

Because the reported stake is "5 percent or less," the filing follows passive-investor disclosure conventions. Any change above 5% would require different disclosure treatment.

Key Figures

Beneficial ownership: 831,378 shares Percent of class: 1.9% Shares outstanding: 44,543,065 shares

3 metrics

Beneficial ownership 831,378 shares Amount beneficially owned by Capital International Investors

Percent of class 1.9% Percent of common stock owned by CII

Shares outstanding 44,543,065 shares Shares believed to be outstanding (base for percent calculation)

Key Terms

Schedule 13G/A, Beneficial owner, Sole Dispositive Power

3 terms

Schedule 13G/A regulatory

"Amendment No. 1 appears at top; filing type indicated as Schedule 13G/A"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial owner financial

"CII is deemed to be the beneficial owner of 831,378 shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Sole Dispositive Power regulatory

"Sole power to dispose or to direct the disposition of: 831,378"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 12:52 PM Learn about SEC filing dates

FAQ

What stake does Capital International Investors report in SKWD?

Capital International Investors reports beneficial ownership of 831,378 shares, representing 1.9% of Skyward's outstanding common stock as of 03/31/2026. The filing states CII has sole voting and dispositive power over these shares.

Does the Schedule 13G/A indicate control or active management of Skyward (SKWD)?

The filing shows CII holds sole voting and sole dispositive power for 831,378 shares, but it is filed as a Schedule 13G/A for ownership of 5% or less. This indicates a passive reporting posture under the disclosure rules.

How many shares outstanding does the filing cite for Skyward (SKWD)?

The Schedule 13G/A cites 44,543,065 shares believed to be outstanding. That figure is the base used to calculate CII's 1.9% ownership percentage reported in the amendment.

Who signed the amendment disclosing the SKWD stake?

The amendment is signed by Aaron Espin, identified as Senior Vice President, with the signature date shown as 05/13/2026 on the filing. The filing names Capital International Investors as the reporting entity.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Skyward Specialty Insurance Group, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

830940102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 830940102

1

Names of Reporting Persons

Capital International Investors

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 831,378.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 831,378.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

831,378.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Skyward Specialty Insurance Group, Inc.
(b)	Address of issuer's principal executive offices: 800 GESSNER, SUITE 600, HOUSTON, TX 77024
Item 2.
(a)	Name of person filing: Capital International Investors
(b)	Address or principal business office or, if none, residence: 333 South Hope Street, 55th Fl, Los Angeles, CA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 830940102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 831,378 ** **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 831,378 shares or 1.9% of the 44,543,065 shares believed to be outstanding.
(b)	Percent of class: 1.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 831,378
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 831,378
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capital International Investors

Signature:	Aaron Espin
Name/Title:	Senior Vice President
Date:	05/13/2026