News & Events zu Palomar Holdings Inc (PLMR)PLMRPalomar Holdings Inc

Palomar Q1 Revenue $262.85M Beats Expectations

Reports Q1 revenue $262.85M, consensus $248.24M. Mac Armstrong, CEO, commented, "The first quarter was another demonstration of our sustained profitable growth. Our unique, 'one of one' specialty products portfolio is purposely built to generate consistent earnings and compelling margins in any market cycle. The combination of Palomar's mix of personal and commercial lines products written on both an admitted and excess and surplus basis, and strong growth from our Crop and Surety franchises made for a great start to the year. Importantly, our growth wasn't limited to one product set. In fact, we grew across all five categories, including Earthquake, this quarter. I'm happy to share that our profits and capital efficiency stayed strong in the first quarter, with an adjusted combined ratio of 76% and an adjusted return on equity of 27%."

Company Expects FY26 Adjusted Net Income of $262M-$278M

For FY26, the company expects to achieve adjusted net income of $262M-$278M. This includes an estimate of $8M-$12M of catastrophe losses for the year.

Palomar Sees FY26 Adjusted Net Income of $260M-$275M

Palomar sees FY26 adjusted net income $260M-$275M