Palomar Holdings Stock Price, News & Analysis

Palomar Holdings (NASDAQ: PLMR) has successfully completed its June 1, 2025 reinsurance programs and increased its full-year 2025 adjusted net income guidance. The company secured $455 million in incremental limit for its Earthquake franchise, bringing total coverage to $3.53 billion for earthquake events and $100 million for US hurricane events. The company reduced its hurricane event retention to $11 million from $15.5 million, while maintaining a $20 million earthquake event retention. Notably, Palomar's sixth Torrey Pines Re catastrophe bond issuance raised $525 million, exceeding their $425 million target. The company also executed its first standalone excess of loss treaty for Hawaii hurricane policies through Laulima Exchange. Based on these developments, Palomar raised its full-year 2025 adjusted net income guidance to $195-205 million from the previous $186-200 million range.

Palomar Holdings (NASDAQ: PLMR) has announced its participation in the upcoming William Blair 45th Annual Growth Stock Conference, scheduled for June 4, 2025, at the Loews Chicago Hotel. Chairman and CEO Mac Armstrong and CFO Chris Uchida will represent the company, engaging in one-on-one investor meetings and delivering a presentation at 1:20 PM Central Time. Investors can access the live presentation through Palomar's Investor Relations website, where a replay will also be available afterward.

Palomar Holdings (NASDAQ:PLMR) reported strong Q1 2025 financial results, with net income of $42.9 million ($1.57 per diluted share), up from $26.4 million in Q1 2024. Gross written premiums increased 20.1% to $442.2 million, while adjusted net income surged 84.6% to $51.3 million. The company demonstrated improved efficiency with a combined ratio of 73.1%, down from 76.9% year-over-year. Key performance metrics included a total loss ratio of 23.6% and an impressive annualized adjusted ROE of 27.0%. The company successfully acquired Advanced AgProtection, strengthening its Crop franchise. Based on strong performance, Palomar raised its full-year 2025 adjusted net income guidance to $186-200 million, up from the initial $180-192 million range.

Palomar Holdings (NASDAQ: PLMR) has scheduled its first quarter 2025 financial results announcement for Monday, May 5, 2025, after market close. The company will host a conference call on Tuesday, May 6, 2025, at 12:00 p.m. Eastern Time.

Key Details:

• Conference Call Numbers: 1-877-423-9813 (US) | 1-201-689-8573 (International)
• Replay Available: May 6, 2025 (4:00 p.m. ET) through May 13, 2025 (11:59 p.m. ET)
• Replay Numbers: 1-844-512-2921 (US) | 1-412-317-6671 (International)
• Replay Passcode: 13752911

Palomar operates as an innovative specialty insurer with an "A" (Excellent) rating from A.M. Best. The company serves residential and commercial clients across five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Notable subsidiaries include Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda, and Palomar Excess and Surplus Insurance Company.

Palomar Holdings (NASDAQ:PLMR) has announced a definitive agreement to acquire Advanced AgProtection (AAP), a Texas-based specialized Crop Managing General Agent. This acquisition follows Palomar's strategic investment in AAP made in 2023 at the launch of their partnership.

The deal, expected to close during the second quarter of 2025, represents a natural progression for Palomar's Crop franchise. AAP's platform will provide infrastructure for continued growth as Palomar aims to establish itself as a preferred leader in the Crop marketplace.

The AAP team consists of industry veterans with established relationships and proven experience in the Crop insurance sector. Jon Christianson, President of Palomar, expressed enthusiasm about the opportunities this combination brings and welcomed the AAP team to Palomar.

Palomar Holdings (NASDAQ:PLMR) has announced its upcoming Investor Day scheduled for Thursday, March 20, 2025, at The Pierre in New York City. The event will run from 8:30 a.m. ET to approximately 12:45 p.m. ET.

The presentation will be led by Chairman and CEO Mac Armstrong, accompanied by the senior leadership team. They will deliver a comprehensive overview of the business, with particular focus on:

• Specialty products
• Operations
• Palomar 2X philosophy

Investors can access the presentation via webcast through the Events and Presentations section on Palomar's Investor Relations website at ir.palomarspecialty.com. A replay will be available at approximately 6pm ET on the same platform.

Palomar Holdings (NASDAQ:PLMR) reported strong financial results for Q4 and full year 2024. In Q4, net income increased 35.0% to $35.0 million ($1.29 per diluted share) compared to Q4 2023. Gross written premiums grew 23.3% to $373.7 million.

For full year 2024, the company achieved significant growth with gross written premiums increasing 35.1% to $1.5 billion and net income rising 48.4% to $117.6 million. The company maintained solid underwriting performance with a combined ratio of 78.1% despite higher losses.

Key Q4 metrics include a total loss ratio of 25.7%, combined ratio of 75.9%, and annualized return on equity of 19.5%. The company provided 2025 guidance projecting adjusted net income between $180-192 million, including estimated catastrophe losses of $8-12 million.

Palomar Holdings (NASDAQ: PLMR) has scheduled its fourth quarter and full year 2024 financial results announcement for February 12, 2025, after market close. The company will host a conference call on February 13, 2025, at 12:00 p.m. Eastern Time to discuss the results.

Investors can access the call by dialing 1-877-423-9813 (US) or 1-201-689-8573 (International). A replay will be available from 4:00 p.m. ET on February 13 until February 20, 2025, accessible via 1-844-512-2921 (US) or 1-412-317-6671 (International) with passcode 13751157. A simultaneous webcast will be available on the company's investor relations website.

Palomar is a specialty insurer with an A.M. Best 'A' (Excellent) rating, operating through multiple subsidiaries and serving residential and commercial clients across five categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop.

Palomar Holdings (NASDAQ: PLMR) has completed the acquisition of First Indemnity of America Insurance Company (FIA), effective January 1, 2025. The acquisition marks Palomar's strategic entry into the Surety market, a highly profitable business line with strong growth potential. FIA brings experienced management and a track record of outperforming the broader surety market in loss ratios over the past five years.

According to Mac Armstrong, Palomar's Chairman and CEO, this strategic move aims to diversify the company's specialty insurance portfolio while adding a high-margin product. The acquisition is expected to strengthen Palomar's ability to generate consistent, profitable growth and enhance long-term shareholder value through FIA's industry expertise and innovation in the specialty insurance sector.