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Jun 30, 2021
Palomar Holdings Q2 2021 Earnings Report
Palomar Holdings reported a net income increase of 2.7% and a gross written premium increase of 54.4% for Q2 2021.
Key Takeaways
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.
Gross written premiums increased by 54.4% to $129.4 million.
Net income increased by 2.7% to $12.3 million.
Adjusted combined ratio of 73.8%, compared to 65.1% in the second quarter of 2020.
The company repurchased 239,000 shares of its stock during the quarter.
Palomar Holdings
Palomar Holdings
Palomar Holdings Revenue by Segment
Palomar Holdings Revenue by Geographic Location
Revenue by Segment
Earthquake Revenue
CapyFin.comRevenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comHawaii Revenue
CapyFin.comFlorida Revenue
CapyFin.comWashington Revenue
CapyFin.comIllinois Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the full year 2021, the Company expects to achieve adjusted net income of $64.0 million to $69.0 million.