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 Q1 2024

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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.

~ $100 Million Share Repurchase Program Replaces Previous $40 Million Program ~

Palomar Holdings, Inc. Announces New Two Year, $100 Million Share Repurchase Program

Palomar (PLMR) is poised to grow, given its strong premium retention rates, higher average balance of investments and effective capital deployment.

Here's Why You Should Hold Palomar (PLMR) in Your Portfolio

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

Palomar (PLMR) Down 21.1% Since Last Earnings Report: Can It Rebound?

~ Planned Leadership Succession of President ~

Palomar Holdings, Inc. Announces Senior Leadership Update

Palomar Holdings' (PLMR) CEO Mac Armstrong on Q3 2021 Results - Earnings Call Transcript

Palomar (PLMR) Q3 results reflect higher premiums and net investment income, partially offset by an increase in expenses.

Palomar (PLMR) Q3 Earnings Miss, Revenues Beat Estimates

Palomar (PLMR) delivered earnings and revenue surprises of -58.82% and 5.04%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Palomar (PLMR) Q3 Earnings Miss Estimates

LA JOLLA, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $0.2 million, or $0.01 per diluted share, for the third quarter of 2021 as compared to a net loss of $15.7 million, or $0.62 per diluted share, for the third quarter of 2020. Adjusted net income( 1) was $1.7 million, or $0.07 per diluted share, for the third quarter of 2021 as compared to an adjusted net loss of $15.2 million, or $0.60 per diluted share, for the third quarter of 2020.

Palomar Holdings, Inc. Reports Third Quarter 2021 Results

LA JOLLA, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its third quarter 2021 results after the market close on Wednesday, November 3, 2021 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Thursday, November 4, 2021.

Palomar Holdings, Inc. Announces Third Quarter 2021 Financial Results Release Date and Conference Call

Palomar (PLMR) estimates third-quarter pre-tax cat loss from Hurricanes Ida and Nicholas to be about $14.5 million to $15.5 million.

Palomar (PLMR) Announces Estimates for Q3 Catastrophe Loss

LA JOLLA, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced an estimated range of pretax catastrophe losses of $14.5 million to $15.5 million, net of reinsurance, for the third quarter of 2021. These estimates represent anticipated losses from Hurricanes Ida and Nicholas. Palomar estimates that 70-75% of its gross losses from these events are from its discontinued Admitted All Risk and Louisiana Specialty Homeowners products, lines of business that the Company exited in the fourth quarter of 2020.

Palomar Holdings, Inc. Estimates Third Quarter 2021 Catastrophe Losses

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LA JOLLA, Calif., Sept. 08, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) an A.M. Best rated “A-IX” specialty insurer, today announced that it has entered the fronting sector of the United States insurance market. Palomar's fronting business, known as PLMR-FRONT, will partner with reinsurers, insurance carriers and managing general agents to enable the design and operation of customized insurance programs. More information on Palomar's new initiative can be found at https://www.plmr.com/plmr-front.

Palomar Holdings, Inc. Announces Entry into the Fronting Sector of the U.S. Insurance Market

Why Is Palomar (PLMR) Up 16.6% Since Last Earnings Report?

LA JOLLA, Calif., Sept. 02, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced that it has made three strategic hires to expand its existing underwriting and reinsurance teams.

Palomar Holdings, Inc. Announces Key Additions to its Underwriting and Reinsurance Teams

Palomar (PLMR) Poised to Gain From Solid Top-Line Growth

LA JOLLA, Calif., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in a fireside chat at the Barclays Global Financial Services Conference at 2:00 p.m. Eastern Time on Monday, September 13, 2021.

Palomar Holdings, Inc. Announces Virtual Participation at Barclays Global Financial Services Conference

Palomar Holdings, Inc. (PLMR) CEO Mac Armstrong on Q2 2021 Results - Earnings Call Transcript

Palomar (PLMR) Q2 results reflect higher premiums and net investment income, partially offset by higher expenses.

Palomar (PLMR) Q2 Earnings Top Estimates, Revenues Rise Y/Y

Palomar (PLMR) delivered earnings and revenue surprises of 2.00% and 2.16%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Palomar (PLMR) Q2 Earnings and Revenues Beat Estimates

LA JOLLA, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $12.3 million, or $0.47 per diluted share, for the second quarter of 2021 as compared to $12.0 million, or $0.48 per diluted share, for the second quarter of 2020. Adjusted net income( 1) was $13.2 million, or $0.51 per diluted share, for the second quarter of 2021 as compared to $13.0 million, or $0.52 per diluted share, for the second quarter of 2020.

Palomar Holdings, Inc. Reports Second Quarter 2021 Results

LA JOLLA, Calif, July 28, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its second quarter 2021 results after the market close on Wednesday, August 4, 2021 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Thursday, August 5, 2021.

Palomar Holdings, Inc. Announces Second Quarter 2021 Financial Results Release Date and Conference Call

Palomar (PLMR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Palomar (PLMR) Q2 Earnings Expected to Decline

LA JOLLA, Calif., July 26, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) announced today that Daina Middleton has been elected to the Company's Board of Directors on July 22, 2021.

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