Earnings summaries and quarterly performance for Palomar Holdings.
Executive leadership at Palomar Holdings.
Mac Armstrong
Detailed
Chief Executive Officer
CEO
AG
Angela Grant
Detailed
Chief Legal Officer and Corporate Secretary
CU
Chris Uchida
Detailed
Chief Financial Officer
JC
Jon Christianson
Detailed
President
JK
Jon Knutzen
Detailed
Chief Risk Officer
RH
Rodolphe Hervé
Detailed
Chief Operating Officer
TC
Tim Carter
Detailed
Chief People Officer
Board of directors at Palomar Holdings.
Research analysts who have asked questions during Palomar Holdings earnings calls.
Andrew Andersen
Jefferies
8 questions for PLMR
Also covers: ACGL, AFG, AHL +21 more
Meyer Shields
Keefe, Bruyette & Woods
8 questions for PLMR
Also covers: ACGL, AFG, AIG +24 more
PS
Pablo Singzon
JPMorgan Chase & Co.
8 questions for PLMR
Also covers: ASIC, BOW, BWIN +5 more
MH
Mark Hughes
Truist Securities
7 questions for PLMR
Also covers: AIZ, AJG, AMBC +42 more
PN
Paul Newsome
Piper Sandler Companies
5 questions for PLMR
Also covers: AFG, AHL, AIG +17 more
PK
Peter Knudsen
Evercore ISI
3 questions for PLMR
Also covers: FDS, FIHL
DM
David Motamedi
Evercore ISI
2 questions for PLMR
Also covers: WTW
David Motemaden
Evercore ISI
2 questions for PLMR
Also covers: ACGL, AJG, ALL +16 more
JP
Jon Paul Newsome
Piper Sandler & Co.
2 questions for PLMR
Also covers: AFG, AIG, AON +15 more
Matt Carletti
Citizens JMP
2 questions for PLMR
Also covers: AHL, AMSF, BOW +8 more
MH
Mark Hughes
Truist
1 question for PLMR
Also covers: AIZ, ECPG, EIG +3 more
Peter Phipson
Evercore ISI
1 question for PLMR
Recent press releases and 8-K filings for PLMR.
Palomar Holdings, Inc. Reports Strong Q4 and FY 2025 Results and Provides 2026 Guidance
PLMR
Earnings
Guidance Update
M&A
- Palomar Holdings, Inc. reported strong financial results for Q4 2025, with gross written premium (GWP) of $492.6 million, a 31.8% year-over-year growth, and adjusted net income of $61.1 million, a 48.0% year-over-year increase.
- For the full year 2025, the company achieved GWP of $2.0 billion and adjusted net income of $216.1 million, with an adjusted return on equity of 25.9% and an adjusted combined ratio of 72.7%.
- The company provided 2026 full-year guidance for adjusted net income between $260 million and $275 million, representing an implied 24% growth at the midpoint, and an adjusted return on equity above 20%.
- Palomar Holdings completed the acquisition of Gray Surety on January 31, 2026, which is expected to be modestly EPS accretive in 2026 and generate scale in 2027 and beyond.
- As of December 31, 2025, the investment portfolio totaled $1.4 billion, with an average credit quality of "A1/A+" and an average fixed income book yield of 4.8%.
4 days ago
Palomar Holdings Provides 2026 Guidance and Reports Strong 2025 Results
PLMR
Guidance Update
Earnings
Revenue Acceleration/Inflection
- Palomar Holdings projects 2026 Adjusted Net Income to be between $260 million and $275 million, indicating a 24% growth based on the midpoint and an Adjusted Return on Equity above 20%.
- For the full year 2025, the company reported Gross Written Premiums of $2,028.252 million and Adjusted Net Income of $216.115 million, representing increases of 31.5% and 61.9% respectively, compared to 2024.
- Palomar's Adjusted Return on Equity for full year 2025 was 25.9%, up from 22.2% in 2024, and the Adjusted Combined Ratio improved to 72.7% from 73.7% in 2024.
- Effective in the first quarter of 2026, Surety & Credit will become the fifth core product category, and fronting premiums will be reallocated to their underlying lines of business, impacting product category reporting.
5 days ago
Palomar Holdings Reports Record 2025 Results and Issues Strong 2026 Guidance
PLMR
Earnings
Guidance Update
M&A
- Palomar Holdings delivered a strong performance in 2025, with gross written premium growing 32% to $2 billion and adjusted net income increasing 62% to $216.1 million, surpassing its initial guidance.
- For the full year 2025, the company achieved an adjusted return on equity of 25.9% and an adjusted combined ratio of 72.7%.
- Palomar initiated its 2026 adjusted net income guidance in the range of $260 million-$275 million, with the midpoint implying 24% growth and an adjusted return on equity greater than 20%.
- Strategic developments included the closing of the Gray Casualty & Surety acquisition for an estimated $311 million and an increase in crop retention to 50% effective January 1, 2026, with crop premium expected to grow more than 30% in 2026.
- Reinsurance renewals were favorable, with commercial earthquake quota share and earthquake excess of loss treaties renewing more than 15% lower on a risk-adjusted basis.
Feb 12, 2026, 5:00 PM
Palomar Holdings Reports Record 2025 Results and Provides 2026 Guidance
PLMR
Earnings
Guidance Update
M&A
- Palomar Holdings reported record full-year 2025 gross written premium of $2 billion, a 32% increase, and adjusted net income of $216.1 million, a 62% increase, significantly exceeding its initial guidance of $180 million-$192 million. For Q4 2025, gross written premiums grew 32% to $492.6 million, and adjusted net income increased 48% to $61.1 million, with an adjusted combined ratio of 73.4% and an annualized adjusted return on equity of 26.9%.
- The company initiated 2026 adjusted net income guidance in the range of $260 million-$275 million, including $8 million-$12 million of catastrophe losses, and expects an adjusted combined ratio in the mid-70s.
- Strategic highlights include the acquisition of Gray Casualty & Surety for an estimated $311 million, which is expected to be modestly accretive in 2026, and the crop franchise generated $248 million in gross written premium in 2025, exceeding its original $200 million expectation.
- In Q4 2025, the earthquake franchise declined 2% year-over-year, primarily due to a one-time headwind, while the casualty business grew 120% year-over-year, ending 2025 at 20% of the total gross written premium for the company.
Feb 12, 2026, 5:00 PM
Palomar Holdings Reports Record 2025 Results and Issues Strong 2026 Guidance
PLMR
Earnings
Guidance Update
M&A
- Palomar Holdings reported strong Q4 2025 and full-year 2025 financial results, with full-year gross written premium increasing 32% to $2 billion and adjusted net income growing 62% to $216.1 million, exceeding initial guidance. The company achieved an adjusted return on equity of 25.9% for the full year.
- For Q4 2025, adjusted net income grew 48% to $61.1 million, and gross written premiums increased 32% to $492.6 million, with an annualized adjusted return on equity of 26.9%.
- The company initiated 2026 adjusted net income guidance in the range of $260 million-$275 million, implying approximately 24% growth at the midpoint and an adjusted return on equity greater than 20%.
- Palomar closed the acquisition of Gray Casualty & Surety in January 2026 for an estimated $311 million, which will become its fifth product category and is expected to be modestly accretive in 2026.
- The crop franchise generated $248 million in gross written premium in 2025 and expects to grow more than 30% in 2026, increasing its retention to 50%. Reinsurance renewals for commercial earthquake and earthquake excess of loss treaties saw favorable terms, renewing more than 15% lower on a risk-adjusted basis.
Feb 12, 2026, 5:00 PM
Palomar Holdings, Inc. Reports Strong Fourth Quarter & Full Year 2025 Results
PLMR
Earnings
Guidance Update
New Projects/Investments
- Palomar Holdings, Inc. reported a 60.6% increase in net income to $56.2 million and a 48.0% increase in adjusted net income to $61.1 million for the fourth quarter of 2025, with gross written premiums growing 31.8% to $492.6 million compared to the fourth quarter of 2024.
- For the full year 2025, net income increased 67.6% to $197.1 million and adjusted net income increased 61.9% to $216.1 million, with gross written premiums up 31.5% to $2.0 billion compared to 2024.
- The company achieved an adjusted combined ratio of 73.4% for Q4 2025 and 72.7% for the full year 2025, alongside an annualized adjusted return on equity of 26.9% for Q4 2025 and 25.9% for the full year 2025.
- Palomar Holdings, Inc. provided a Full Year 2026 outlook for adjusted net income of $260 million to $275 million.
- The company noted successful acquisitions of Advanced Ag Protection and The Gray Casualty and Surety Company in 2025, and approximately $112.7 million remains available for future share repurchases as of December 31, 2025.
Feb 11, 2026, 9:15 PM
Palomar Holdings Reports Fourth Quarter & Full Year 2025 Results
PLMR
Earnings
Revenue Acceleration/Inflection
- Palomar Holdings reported a net income of $56.2 million for the fourth quarter of 2025, a 60.6% increase from $35.0 million in the prior year period, with full-year 2025 net income reaching $197.1 million, up 67.6% from $117.6 million in 2024.
- Diluted earnings per share (EPS) for Q4 2025 was $2.06, compared to $1.29 in Q4 2024, and full-year 2025 diluted EPS was $7.17, up from $4.48 in 2024.
- Gross written premiums increased by 31.8% to $492.6 million in Q4 2025 and by 31.5% to $2.0 billion for the full year 2025.
- The company's full-year 2025 combined ratio improved to 76.9% from 78.1% in 2024, and the annualized return on equity for Q4 2025 was 24.7%, up from 19.5% in Q4 2024.
Feb 11, 2026, 9:15 PM
Palomar Holdings Completes Acquisition of The Gray Casualty & Surety Company
PLMR
M&A
New Projects/Investments
- Palomar Holdings, Inc. (NASDAQ: PLMR) has successfully completed the acquisition of The Gray Casualty & Surety Company ("Gray Surety") from BCP.
- Gray Surety is a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging contractors across the United States, operating in all 50 states through 13 regional offices.
- Evercore acted as the exclusive financial advisor and DLA Piper LLP (US) as the legal advisor to Palomar for this transaction.
Feb 2, 2026, 9:21 PM
Palomar Holdings Completes Acquisition and Closes New Credit Facility
PLMR
M&A
Debt Issuance
New Projects/Investments
- Palomar Holdings, Inc. completed the acquisition of The Gray Casualty & Surety Company on January 31, 2026, for approximately $311 million in cash.
- The company also closed a new $450 million unsecured credit facility on January 27, 2026, which includes a $150 million revolving facility and a $300 million term loan.
- This new credit facility replaces the original $100 million revolving credit facility, which was terminated as of the closing date.
- The acquisition is expected to strengthen Palomar's surety franchise by adding scale and geographic reach.
Feb 2, 2026, 9:18 PM
Palomar Holdings Completes Gray Surety Acquisition and Secures $450 Million Financing
PLMR
M&A
Debt Issuance
- Palomar Holdings, Inc. (PLMR) completed its previously announced acquisition of The Gray Casualty & Surety Company on January 31, 2026.
- Concurrently, Palomar closed new unsecured financing, effective January 27, 2026, which includes a $150 million revolving facility and a $300 million term loan.
- The acquisition of Gray Surety, a national surety carrier, is expected to strengthen Palomar's surety franchise by adding scale and geographic reach.
Feb 2, 2026, 9:15 PM
Quarterly earnings call transcripts for Palomar Holdings.
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