Palomar Holdings Earnings Reports

Palomar Holdings delivered a robust performance in the second quarter of 2025, driven by a 28.8% increase in gross written premiums and a 80.8% surge in net income. The company's adjusted net income also saw a substantial rise of 51.8%, reflecting strong execution of its strategic initiatives and effective reinsurance program management.

Palomar Holdings, Inc. reported a strong start to 2025, with net income increasing by 62.7% to $42.9 million and adjusted net income surging by 84.6% to $51.3 million. Gross written premiums grew by 20.1% to $442.2 million, and the company achieved a combined ratio of 73.1% and an adjusted combined ratio of 68.5%.

Palomar Holdings delivered strong Q4 2024 results with revenue growth of 52.8% YoY and adjusted net income up 47.5%. Premium growth remained strong across key segments, though catastrophe losses increased.

Palomar Holdings reported a net income of $30.5 million for Q3 2024, with adjusted net income increasing by 39.3% to $32.4 million. The company experienced a 32.2% increase in gross written premiums, driven by growth in Earthquake, Casualty, and Crop products. The adjusted combined ratio was 77.1%, and the adjusted return on equity was 21.0%.

Palomar Holdings reported a strong second quarter with a 40% increase in gross written premiums and a 47% increase in adjusted net income year-over-year. The company successfully placed its core excess of loss reinsurance program and received an upgraded financial strength rating from AM Best. Palomar is raising its adjusted net income guidance for the year.

Palomar Holdings reported a net income of $26.4 million, or $1.04 per diluted share, for the first quarter of 2024. Gross written premiums increased by 47.2% to $368.1 million. The combined ratio was 76.9% and the adjusted combined ratio was 73.0%.

Palomar Holdings reported a strong fourth quarter, marked by a 26.8% increase in gross written premiums to $303.2 million and a rise in net income to $25.9 million. The company's adjusted net income also grew to $28.0 million, with the adjusted combined ratio improving to 68.8%.

Palomar Holdings reported a strong third quarter with significant growth in gross written premiums and net income. The company's adjusted net income increased by 153%, and the adjusted return on equity reached 22.3%. The results reflect Palomar's efforts to reduce volatility and achieve consistent profitable growth.

Palomar Holdings reported a net income of $17.6 million for Q2 2023, with a gross written premium increase of 25.4%. The company strategically focused on targeted segments and successfully placed its June 1 reinsurance program, leading to an adjusted return on equity of 21.3%.

Palomar Holdings reported a strong start to 2023 with a 46.3% increase in gross written premiums, an adjusted combined ratio of 73.3%, and an adjusted return on equity of 20.7%. The company's net income was $17.3 million, or $0.68 per diluted share, while adjusted net income was $20.4 million, or $0.80 per diluted share.

Palomar Holdings reported a strong fourth quarter and full year 2022, marked by nearly 60% top-line growth during the quarter and an annualized adjusted return on equity of 22.4%. For the full year, the company delivered record premium growth and earnings, with an adjusted ROE of 18.3%. Looking to 2023, the company expects adjusted net income of $86 million to $90 million.

Palomar Holdings, Inc. reported a net income of $4.3 million, or $0.17 per diluted share, for the third quarter of 2022. Adjusted net income was $7.4 million, or $0.29 per diluted share. Gross written premiums increased by 66.2% to $253.1 million. The combined ratio was 94.8%, and the adjusted combined ratio was 90.3%.

Palomar Holdings reported a strong second quarter with a 69.1% increase in gross written premiums, a net income of $14.6 million, and an adjusted combined ratio of 69.1%. The company's performance showcases the execution of its strategic objectives and 'Palomar 2X' plan.

Palomar Holdings reported a decrease in net income for Q1 2022, with $14.5 million, or $0.56 per diluted share, compared to $16.6 million, or $0.63 per diluted share, for Q1 2021. However, gross written premiums increased by 65.0% to $170.9 million.

Palomar Holdings, Inc. reported a net income of $16.6 million for Q4 2021, a significant turnaround from the net loss of $1.8 million in Q4 2020. Gross written premiums increased by 56.0% to $149.9 million. The combined ratio improved to 75.0% compared to 112.8% in the same period last year, and the loss ratio was 15.0% compared to 44.2% in the prior year. Adjusted net income was $19.2 million, or $0.74 per diluted share.

Palomar Holdings, Inc. reported a net income of $0.2 million, or $0.01 per diluted share, for the third quarter of 2021, compared to a net loss of $15.7 million, or $0.62 per diluted share, for the third quarter of 2020. Gross written premiums increased by 47.9% to $152.3 million compared to $103.0 million in the third quarter of 2020.

Palomar Holdings, Inc. reported a positive second quarter in 2021, marked by significant growth in gross written premiums and a slight increase in net income. The company's E&S business showed promising development, and strategic reinsurance renewals were completed to enhance risk management.

Palomar Holdings, Inc. reported a net income of $16.6 million, or $0.63 per diluted share, for the first quarter of 2021, compared to $11.8 million, or $0.48 per diluted share, for the first quarter of 2020. Adjusted net income was $19.3 million, or $0.73 per diluted share, for the first quarter of 2021, compared to $12.3 million, or $0.50 per diluted share, for the first quarter of 2020. Gross written premiums increased by 44.9% to $103.6 million.

Palomar Holdings, Inc. reported a net loss of $1.8 million for Q4 2020, compared to a net income of $10.9 million in Q4 2019. Gross written premiums increased by 31.0% to $96.1 million. The combined ratio was 112.8%, and the adjusted combined ratio excluding catastrophe losses was 73.8%.

Palomar Holdings, Inc. reported a net loss of $15.7 million for the third quarter of 2020, compared to a net income of $7.5 million for the third quarter of 2019. The results were impacted by several damaging hurricanes. Gross written premiums increased by 55.4% to $103.0 million compared to $66.2 million in the third quarter of 2019.

Palomar Holdings reported a net income of $12.0 million, or $0.48 per diluted share, for the second quarter of 2020. Gross written premiums increased by 43.6% to $83.8 million. The company successfully completed its June 1st reinsurance placement and announced the formation of Palomar Excess and Surplus Insurance Company.

Palomar Holdings, Inc. reported a net income of $11.8 million, or $0.48 per diluted share, for Q1 2020, compared to a net loss of $14.4 million, or $(0.85) per diluted share, for Q1 2019. Adjusted net income was $12.3 million, or $0.50 per diluted share, for Q1 2020, compared to $8.8 million, or $0.52 per diluted share, for Q1 2019. Gross written premiums increased by 32.3% to $71.5 million compared to the first quarter of 2019.

Palomar Holdings, Inc. reported a substantial increase in net income for Q4 2019, rising to $10.9 million, or $0.45 per diluted share, compared to $4.1 million, or $0.24 per diluted share, in Q4 2018. Adjusted net income also saw a significant increase, reaching $11.5 million, or $0.48 per diluted share. Gross written premiums grew by 68.4% to $73.3 million. The company's total loss ratio was 7.1%, and the combined ratio was 63.1%.