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.
Key figures
- Guidance
- FY26 adjusted net income $266M-$280M, raised from $262M-$278M
- Earthquake limit
- $3.92 billion
- Laulima coverage
- $865 million
- Incremental limit
- $421 million
- Laulima retention
- $1.5 million
- Hurricane limit us
- $135 million
- Total ils capacity
- $1.28 billion
- Hurricane retention
- $11 million
- Earthquake retention
- $20 million
- Laulima increase yoy
- $130 million
- Torrey pines re bond 7
- $360 million
AI analysis
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