Palomar Holdings, Inc.

Palomar Holdings, Inc. Reports Third Quarter 2026 Results

Palomar Holdings reported Q3 2026 net income of $65.3 million ($2.42 diluted EPS), up 27% YoY, with adjusted net income up 47.4% to $81.3 million ($3.01 adjusted diluted EPS). Gross written premiums rose 28.4% to a record $767.0 million, with growth across all five product categories, and net investment income increased 53.8% to $22.4 million. Management called it the 16th consecutive earnings beat and raised full-year 2026 adjusted net income guidance to $280-285 million. Offsetting the growth, the total loss ratio deteriorated to 41.5% from 32.3% a year ago, including $4.0 million of unfavorable prior-year Crop development, and the combined ratio rose to 80.8% from 78.1%. Annualized adjusted ROE improved to 33.1%, the board declared a $0.45 quarterly dividend, and the company repurchased 70,000 shares for $8.9 million.

•4d ago

Palomar Holdings, Inc. Reports Second Quarter 2026 Results

Palomar reported Q2 net income of $52.6 million ($1.94 per share), up 13% year-over-year, with adjusted net income surging 31% to $63.8 million ($2.36 per share). Gross written premiums increased 27% to $630.5 million, driven by growth across Earthquake, Inland Marine, and Casualty lines. The Board authorized an initial quarterly dividend of $0.45 per share, payable in September, marking the company's transition to returning capital to shareholders. During the quarter, the company also repurchased approximately 368,000 shares for $41.0 million. Management raised full-year 2026 adjusted net income guidance to $270 million-$280 million, citing record adjusted net income and a 15th consecutive earnings beat. The adjusted combined ratio was 76.7%, reflecting strong underwriting discipline despite a slight increase in the GAAP combined ratio to 83.3%.

•3mo ago

Palomar Holdings, Inc. Announces Successful Completion of June 1 Reinsurance Placement

Palomar Holdings raised its full-year 2026 adjusted net income guidance to $266 million-$280 million, up from the previous range of $262 million-$278 million. The increase follows the successful completion of its June 1 reinsurance placement, which added $421 million in incremental limit for its earthquake franchise and expanded its total earthquake coverage to $3.92 billion. The company also secured $1.28 billion in multi-year ILS capacity through its Torrey Pines Re platform, including a new $360 million catastrophe bond, while maintaining event retentions within conservative guideposts.

•5mo ago

Palomar Holdings, Inc. Reports First Quarter 2026 Results

Palomar Holdings reported first quarter 2026 gross written premiums of $629.8 million, up 42.4% year-over-year, driven by growth across all product lines including Earthquake and Crop. Adjusted net income increased 23.1% to $63.1 million, or $2.31 per diluted share, while GAAP net income remained flat at $42.9 million due to acquisition-related costs and higher losses. The company authorized a new $200 million share repurchase program effective May 6, 2026, and issued full-year 2026 guidance for adjusted net income between $262 million and $278 million.

•6mo ago