Palomar

Palomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Palomar Holdings excels in Q4, eyes sustained growth amid challenges

Palomar's Q4 performance reflects strong growth and strategic resilience in a challenging insurance market landscape.
The company's focus on sustaining profitable growth in earthquake insurance and leveraging strategic partnerships positions it for continued success.
While facing challenges such as loss ratios and market uncertainties, Palomar remains optimistic about future opportunities for growth and profitability.

Palomar reports robust Q1 performance, eyes growth amid industry shifts

Palomar's Q1 2023 performance reflects strong growth and strategic focus, despite challenges from industry dynamics. The company's strengths lie in its market positioning, growth areas, and reinsurance program enhancements. Opportunities exist in further expanding core businesses and delivering on financial targets.

Palomar Holdings excels in Q2, eyes growth in new markets

Palomar's Q2 performance showcases growth, profitability, and strategic advancements across key business segments, positioning the company for continued success and expansion.

Palomar Holdings excels in Q3 2023, eyes growth through diversification

Palomar Holdings' Q3 2023 performance reflects strong growth and profitability across key business segments, underpinned by strategic initiatives and prudent risk management. While the company faces challenges related to evolving market dynamics, opportunities for expansion through Assumed Reinsurance and inflation guard strategies position it well for sustainable growth. Palomar's focus on maintaining underwriting discipline and pursuing profitable growth underscores its commitment to delivering consistent results for stakeholders.

Palomar reports record premium growth and strategic diversification success

Palomar Holdings' strong performance in Q4 and full year 2023, driven by diversification, strategic objectives met, and robust premium growth, positions the company for continued success in 2024. While challenges like managing loss ratios and fronting appetite exist, opportunities in expanding Crop Insurance and improved reinsurance economics provide avenues for growth.

Palomar (PLMR) reports robust Q1 earnings, eyes growth opportunities

Palomar's Q1 2024 earnings call highlighted strong financial performance, growth across key product lines, and an upward revision of adjusted net income guidance for the full year. Despite challenges in fronting business and business mix changes, the company remains focused on achieving its strategic goals and capitalizing on growth opportunities.

Palomar Holdings reports record Q2 performance and strategic expansion

Palomar Holdings, Inc. achieved remarkable growth in Q2 2024, with record premiums and improved net income. The company's strategic focus on expansion, financial strength, and product performance underscores its resilience and growth potential in the market. Addressing challenges and seizing opportunities will be crucial for sustaining momentum and driving future success.

Palomar reports robust Q3 earnings, eyes growth in Earthquake insurance

Palomar's Q3 performance reflects strong financial growth, strategic focus on premium expansion, and investments in talent and operational efficiency.
While facing challenges in market dynamics and risk management, the company's strengths in niche insurance classes and growth opportunities in Residential Earthquake insurance position it for continued success.
Overall, Palomar's performance underscores a resilient business model, strategic foresight, and a commitment to delivering consistent earnings and sustainable growth.

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Palomar Holdings, Inc. is a specialty insurance company, which engages in the provision of property and casualty insurance products to individuals and businesses. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, and Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac and Fisher Heath in February 2014 and is headquartered in La Jolla, CA.

Palomar (PLMR) stock rallies on the back of new business, strong premium retention rates for existing business and renewals of existing policies and better pricing.

Palomar (PLMR) Surges 76.5% in a Year: Will the Rally Last?

Palomar (PLMR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Palomar (PLMR) Rating Upgrade to Strong Buy

Palomar's normalized earnings per share grew by +36% YoY in Q1 2024, and this represented a +16% bottom line beat.

Palomar: Above-Expectations Q1 Results Point To A Positive Outlook

Palomar Holdings, Inc. (NASDAQ:PLMR ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson - President Conference Call Participants Paul Newsome - Piper Sandler Mark Hughes - Truist Securities Peter Knudsen - Evercore ISI Matt Carletti - Citizens JMP Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning and welcome to the Palomar Holdings First Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.

Palomar Holdings, Inc. (PLMR) Q1 2024 Earnings Call Transcript

Palomar's (PLMR) first-quarter results reflect improved premiums and net investment income. Premiums benefit from solid contributions from Crop and Casualty products.

Palomar's (PLMR) Q1 Earnings Top on Solid Underwriting

While the top- and bottom-line numbers for Palomar (PLMR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Palomar (PLMR) Reports Q1 Earnings: What Key Metrics Have to Say

Palomar (PLMR) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.80 per share a year ago.

Palomar (PLMR) Beats Q1 Earnings and Revenue Estimates

LA JOLLA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $26.4 million, or $1.04 per diluted share, for the first quarter of 2024 compared to net income of $17.3 million, or $0.68 per diluted share, for the first quarter of 2023. Adjusted net income(1) was $27.8 million, or $1.09 per diluted share, for the first quarter of 2024 as compared to $20.4 million, or $0.80 per diluted share, for the first quarter of 2023.

Palomar Holdings, Inc. Reports First Quarter 2024 Results

LA JOLLA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, and will host a conference call at 11:00 a.m. (Eastern Time) the following day, Friday, May 3, 2024.

Palomar Holdings, Inc. Announces First Quarter 2024 Financial Results Release Date and Conference Call

The March 3.5% CPI reading came in hot, suggesting the Fed will avoid cutting interest rates until September. Equities typically perform poorly in rising-rate environments, yet the insurance industry offers a profitable business model that tends to maintain revenue streams in up-and-down markets. Palomar Holdings is a P&C insurance company that is +36% YTD, impressively beat Q4 2023 +17%, and expects 20% bottom line growth for FY24.

Financial Stock On The Move: Palomar Holdings (SA Quant)

Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Palomar (PLMR) Could Beat Earnings Estimates Again

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While there is still an abundance of opportunity among many insurance stocks, The Progressive Corporation (PGR) and Palomar Holdings (PLMR) are two that stand out.

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Palomar (PLMR) is poised for growth banking on the strength of new business generated, strong retention rates, risk transfer strategy and solid capital position.

Palomar (PLMR) Shares Rise 48% YTD: More Room for Growth?

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Does Palomar (PLMR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Palomar (PLMR) is a Great Momentum Stock: Should You Buy?

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Let's see how Palomar Holdings (PLMR) and Axis Capital (AXS) fare in terms of some of the key metrics.

PLMR or AXS: Which P&C Insurance Stock is Better Positioned?

Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?

Why Is Palomar (PLMR) Up 12.5% Since Last Earnings Report?

Palomar (PLMR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Palomar (PLMR) Moves 8.9% Higher: Will This Strength Last?

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The prevailing market sentiment is currently fueled by the allure of "The Magnificent 7" and stocks with high upside potential. Over the last 52 weeks, the S&P 500 is up ~28% compared to the S&P Small-Cap index (~+15%). Small-cap stocks present enticing prospects for growth and value for investors willing to capitalize on calculated risks. The S&P 500 P/E is 25x vs. the S&P Small-Cap at 14.8x.

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We have narrowed our search to five P&C insurers with strong potential for 2024. These are: These are: PGR, AXS, MCY, WRB, PLMR.

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Palomar (PLMR) is poised for growth on the back of new business generated, strong retention rates, a risk transfer strategy and a solid capital position.

Here's Why Palomar (PLMR) Shares are Investors' Favorite Now

LA JOLLA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Thomas Bradley has been appointed to the Company's Board of Directors on February 28, 2024.

Palomar Holdings, Inc. Appoints Thomas Bradley to its Board of Directors

Palomar achieved an impressive +17% earnings beat for Q4 2023, as the company's earthquake and casualty insurance businesses witnessed strong growth. PLMR is anticipating a solid +20% bottom line expansion in the current fiscal year, based on the company's management guidance. I remain bullish on Palomar stock, as the company's favorable FY 2024 financial guidance has yet to be completely reflected in its P/E and P/B valuation metrics.

Palomar: Positive Guidance Isn't Fully Priced In

Palomar's (PLMR) fourth-quarter results reflect improved premiums and net investment income, as well as improved losses and loss adjustment expenses.

Palomar's (PLMR) Q4 Earnings and Revenues Top, Rise Y/Y

Palomar easily beat earnings estimates with its fourth-quarter 2023 release. The specialty insurer achieved enviable combined ratios and returns on equity.

News for Palomar Stock (PLMR)