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Dec 31, 2024
Palomar Holdings Q4 2024 Earnings Report
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Palomar expects continued strong earnings growth in 2025, targeting adjusted net income between $180M and $192M while navigating potential catastrophe losses.
Positive Outlook
- Projected adjusted net income between $180M and $192M
- Strong premium growth expected to continue
- Investments in operations to support sustained profitability
- Resilient underwriting strategy to mitigate risk exposure
- Continued expansion in specialty insurance markets
Challenges Ahead
- Higher catastrophe losses impacting profitability
- Increase in combined ratio due to loss ratio rise
- Potential volatility in investment income
- Competitive pressures in the insurance sector
- Regulatory uncertainties in key markets
Historical Earnings Impact
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Avg. Return Before/After Earnings
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