Palomar

Palomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.

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Earnings data Q4 2024

Palomar Holdings excels in Q4, eyes sustained growth amid challenges

Palomar's Q4 performance reflects strong growth and strategic resilience in a challenging insurance market landscape.
The company's focus on sustaining profitable growth in earthquake insurance and leveraging strategic partnerships positions it for continued success.
While facing challenges such as loss ratios and market uncertainties, Palomar remains optimistic about future opportunities for growth and profitability.

Palomar reports robust Q1 performance, eyes growth amid industry shifts

Palomar's Q1 2023 performance reflects strong growth and strategic focus, despite challenges from industry dynamics. The company's strengths lie in its market positioning, growth areas, and reinsurance program enhancements. Opportunities exist in further expanding core businesses and delivering on financial targets.

Palomar Holdings excels in Q2, eyes growth in new markets

Palomar's Q2 performance showcases growth, profitability, and strategic advancements across key business segments, positioning the company for continued success and expansion.

Palomar Holdings excels in Q3 2023, eyes growth through diversification

Palomar Holdings' Q3 2023 performance reflects strong growth and profitability across key business segments, underpinned by strategic initiatives and prudent risk management. While the company faces challenges related to evolving market dynamics, opportunities for expansion through Assumed Reinsurance and inflation guard strategies position it well for sustainable growth. Palomar's focus on maintaining underwriting discipline and pursuing profitable growth underscores its commitment to delivering consistent results for stakeholders.

Palomar reports record premium growth and strategic diversification success

Palomar Holdings' strong performance in Q4 and full year 2023, driven by diversification, strategic objectives met, and robust premium growth, positions the company for continued success in 2024. While challenges like managing loss ratios and fronting appetite exist, opportunities in expanding Crop Insurance and improved reinsurance economics provide avenues for growth.

Palomar (PLMR) reports robust Q1 earnings, eyes growth opportunities

Palomar's Q1 2024 earnings call highlighted strong financial performance, growth across key product lines, and an upward revision of adjusted net income guidance for the full year. Despite challenges in fronting business and business mix changes, the company remains focused on achieving its strategic goals and capitalizing on growth opportunities.

Palomar Holdings reports record Q2 performance and strategic expansion

Palomar Holdings, Inc. achieved remarkable growth in Q2 2024, with record premiums and improved net income. The company's strategic focus on expansion, financial strength, and product performance underscores its resilience and growth potential in the market. Addressing challenges and seizing opportunities will be crucial for sustaining momentum and driving future success.

Palomar reports robust Q3 earnings, eyes growth in Earthquake insurance

Palomar's Q3 performance reflects strong financial growth, strategic focus on premium expansion, and investments in talent and operational efficiency.
While facing challenges in market dynamics and risk management, the company's strengths in niche insurance classes and growth opportunities in Residential Earthquake insurance position it for continued success.
Overall, Palomar's performance underscores a resilient business model, strategic foresight, and a commitment to delivering consistent earnings and sustainable growth.

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Palomar Holdings, Inc. is a specialty insurance company, which engages in the provision of property and casualty insurance products to individuals and businesses. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, and Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac and Fisher Heath in February 2014 and is headquartered in La Jolla, CA.

LA JOLLA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Benson Latham has been appointed Executive Vice President, Head of Crop, where he will be responsible for leading Palomar's rapidly growing Crop franchise.

Palomar Holdings, Inc. Appoints Benson Latham EVP, Head of Crop

Palomar Holdings, Inc. (NASDAQ:PLMR ) Q3 2024 Earnings Conference Call November 5, 2024 12:00 PM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson – President Conference Call Participants Mark Hughes - Truist Securities Paul Newsome - Piper Sandler David Motemaden - Evercore ISI Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning, and welcome to the Palomar Holdings Inc.'s Third Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

Palomar Holdings, Inc. (PLMR) Q3 2024 Earnings Call Transcript

PLMR's Q3 results reflect higher premiums, improved adjusted underwriting income and higher yields on invested assets, partly offset by higher catastrophe loss.

Palomar Q3 Earnings, Revenues Top Estimates on Higher Premiums

Although the revenue and EPS for Palomar (PLMR) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Palomar (PLMR) Reports Q3 Earnings: What Key Metrics Have to Say

Palomar (PLMR) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.92 per share a year ago.

Palomar (PLMR) Beats Q3 Earnings and Revenue Estimates

LA JOLLA, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $30.5 million, or $1.15 per diluted share, for the third quarter of 2024 compared to net income of $18.4 million, or $0.73 per diluted share, for the third quarter of 2023. Adjusted net income(1) was $32.4 million, or $1.23 per diluted share, for the third quarter of 2024 as compared to $23.3 million, or $0.92 per diluted share, for the third quarter of 2023.

Palomar Holdings, Inc. Reports Third Quarter 2024 Results

LA JOLLA, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its third quarter 2024 results after the market close on Monday, November 4, 2024, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, November 5, 2024.

Palomar Holdings, Inc. Announces Third Quarter 2024 Financial Results Release Date and Conference Call

DALLAS--(BUSINESS WIRE)--Palomar Health, a leading healthcare system providing services in North San Diego County, CA, and IKS Health, a provider of technology-enabled healthcare solutions and related services including a care enablement platform supporting large health systems and physician enterprises across the U.S., Canada and Australia have entered into a multi-year partnership. The partnership, which carries into the next decade, is designed to leverage advanced technology, powered by Gen.

Palomar Health and Palomar Health Medical Group Partner With IKS Health to Leverage Cutting-Edge Healthcare Technology and Services to Drive a Holistic Transformation

Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Palomar (PLMR) Beat Estimates Again in Its Next Earnings Report?

NEW YORK , Oct. 10, 2024 /PRNewswire/ -- The Mechanic Group, a division of Specialty Program Group (SPG), is proud to announce the enhancement of its "Best In Class" Security Alarm & Investigator Program in partnership with Palomar Excess and Surplus Insurance Company (PESIC), a subsidiary of Palomar Holdings, Inc. (Palomar). PESIC has a financial strength rating of "A" (Excellent) from AM Best.

The Mechanic Group, a Division of Specialty Program Group LLC, Announces Partnership with Palomar for "Best In Class" Security Alarm & Investigator Program

Palomar is poised for growth, banking on the strength of new business generated, strong retention rates, risk transfer strategy and solid capital position.

PLMR Stock Near 52-Week High: Should You Add it to Your Portfolio Now?

Palomar (PLMR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Palomar (PLMR) Upgraded to Strong Buy: Here's What You Should Know

LA JOLLA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that David Sapia has been appointed Executive Vice President, Head of E&S Casualty, effective September 9, 2024.

Palomar Holdings, Inc. Announces Strategic Hire to Further Expand its Casualty Franchise

Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?

Why Is Palomar (PLMR) Up 5.5% Since Last Earnings Report?

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MPLX

MPLX, PLMR and CAJPY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 29, 2024.

Best Momentum Stock to Buy for August 29th

PLMR stock gains from new business, strong retention rates, expansion of products' geographic & distribution footprint and high-quality fixed-income securities.

Palomar Holdings Stock Surges 91% in a Year: More Room for Growth?

LA JOLLA, Calif., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in a fireside chat at the KBW Insurance Conference on Thursday, September 5, 2024 at 10:35 am ET. Management will also be available for one-on-one and small group meetings with investors.

Palomar Holdings, Inc. Announces Participation in the 2024 KBW Insurance Conference

Does Palomar (PLMR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Palomar (PLMR) Is Up 5.28% in One Week: What You Should Know

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Arch Capital, W.R. Berkley, RLI, Axis Capital and Palomar have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Arch Capital, W.R. Berkley, RLI, Axis Capital and Palomar

Zacks Property and Casualty Insurance players like ACGL, WRB, RLI, AXS & PLMR are likely to benefit from catastrophes that drive policy renewal rate and pricing.

5 Stocks to Buy From the Prospering P&C Insurance Industry

LA JOLLA, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (“Palomar” or the “Company”) today announced the pricing of its previously announced underwritten public offering (the “Offering) of 1,200,000 shares of Palomar's common stock, par value $0.0001 per share (the “Common Stock”), at a public offering price of $88.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 180,000 additional shares of Common Stock from the Company at the public offering price, less underwriting discounts and commissions.

Palomar Holdings, Inc. Announces Pricing of Public Offering of Common Stock

LA JOLLA, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”), today announced the underwritten public offering of 1,200,000 shares of the Company's common stock, par value $0.0001 per share (the “Common Stock”), subject to market and other conditions. All of the shares in the offering are to be sold by Palomar. Palomar intends to grant the underwriters a 30-day option to purchase up to 180,000 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

Palomar Holdings, Inc. Announces Proposed Public Offering of Common Stock

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of First Indemnity of America Insurance Company (FIA) remain unchanged following the Aug. 6, 2024, announcement of an agreement whereby the company will be sold by its parent, ABSCO Ltd. Corporation, to Palomar Holdings, Inc. [NASDAQ: PLMR], subject to customary regulatory approval. The sale is expected to close in late 2024 or early 2025. FIA has a Financial Strength Rating of A- (Excellent) and a Long-Term.

AM Best Comments on Credit Ratings of First Indemnity of America Insurance Company Following Sale Announcement

Palomar Holdings, Inc. (NASDAQ:PLMR ) Q2 2024 Results Conference Call August 6, 2024 12:00 PM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson - President Conference Call Participants Paul Newsome - Piper Sandler Mark Hughes - Truist Securities David Motemaden - Evercore ISI Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning, and welcome to the Palomar Holdings Inc.'s Second Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

Palomar Holdings, Inc. (PLMR) Q2 2024 Earnings Call Transcript

Palomar's (PLMR) Q2 results reflect increased premiums, improved adjusted underwriting income and higher yields on invested assets, partly offset by higher losses and loss adjustment expenses.

News for Palomar Stock (PLMR)