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    Peter Knudsen • Evercore ISI

    Peter Knudsen's questions to Palomar Holdings Inc (PLMR) leadership

    Peter Knudsen's questions to Palomar Holdings Inc (PLMR) leadership • Q2 2025

    Question

    Peter Knudsen from Evercore ISI asked for a growth breakdown between residential and commercial earthquake lines, the pricing assumptions in the updated guidance, and the reason for the increase in the accident year loss ratio excluding catastrophes.

    Answer

    Mac Armstrong, Chairman, CEO & Founder, stated that while they don't break out the growth rates, the larger residential earthquake book is performing strongly, offsetting pressure in the commercial segment. Chris Uchida, CFO, clarified that the higher loss ratio was primarily mix-driven due to the earlier-than-expected recognition of crop insurance premiums and associated losses, which does not change the full-year outlook and may provide a tailwind later in the year.

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    Peter Knudsen's questions to Fidelis Insurance Holdings Ltd (FIHL) leadership

    Peter Knudsen's questions to Fidelis Insurance Holdings Ltd (FIHL) leadership • Q4 2024

    Question

    Peter Knudsen asked for specific expectations for the 2025 ROE within the company's long-term target range and inquired about the industry loss assumption embedded in the Russia-Ukraine aviation reserves.

    Answer

    CEO Dan Burrows did not provide a specific 2025 ROE target but reiterated confidence in the long-term 13-15% goal, citing a positive pricing environment and strong underwriting track record. Chief Actuarial Officer Jonny Strickle explained that an industry loss for the aviation event is difficult to determine because cases have not gone to judgment and private settlements are not disclosed.

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