PLMR
Palomar Holdings, Inc.127.54
+2.02+1.61%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.42BP/E (TTM)
19.90Basic EPS (TTM)
6.41Dividend Yield
0%Recent Filings
8-K
8-K
10-Q
Q2 FY2025 results
Palomar Holdings drove net earned premiums up 47% year-over-year to $180M in Q2 FY2025 ended June 30, 2025, fueled by 29% growth in gross written premiums to $496M, with casualty and crop lines surging 119% and 1,593% respectively, while fronting dipped 37%. The loss ratio edged to 25.7% from 24.9%, reflecting higher attritional losses on expanded business, yet the combined ratio held steady at 78.8% amid favorable prior-year development of $6.5M. Diluted EPS climbed 68% to $1.68 on 27.6M shares, reconciling cleanly to net income of $46.5M. Cash from operations hit $208M YTD, bolstering $81M in cash equivalents with no debt outstanding under the $100M revolver. Acquisitions of FIA in January for surety bonds and AAP assets in April added $62.8M in goodwill and intangibles, amortized over undisclosed lives. Non-GAAP metrics like adjusted combined ratio at 73.1% are fully reconciled in the 10-Q. Catastrophe claims remain unpredictable.
8-K
Q2 premiums up 29%, buyback approved
Palomar Holdings crushed Q2 2025 with gross written premiums surging 28.8% to $496.3 million and net income doubling to $46.5 million, fueled by zero catastrophe losses and a steady 73.1% adjusted combined ratio. The board greenlit a $150 million share repurchase through July 2027, signaling confidence in capital returns amid robust growth. Full-year adjusted net income guidance bumped to $198–$208 million, baking in $8–$12 million in remaining cat losses. Repurchases hinge on market swings.
8-K
Reinsurance renewal boosts coverage
Palomar Holdings completed its June 1, 2025 reinsurance renewal, securing $455 million in incremental earthquake limit to reach $3.53 billion total coverage, exceeding its 1:250-year PML. Retentions dropped to $11 million for hurricanes and hold at $20 million for earthquakes, while a $525 million catastrophe bond bolstered capacity. This setup, with a diverse A-rated panel and prepaid reinstatements, caps pre-tax losses at those levels. Palomar raised 2025 adjusted net income guidance to $195 million-$205 million, signaling stronger earnings amid growth. Yet risks from catastrophe events persist.
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