Palomar Holdings Completes Reinsurance Programs, Boosts Guidance

Palomar Holdings ( (PLMR) ) has shared an update.

On May 29, 2025, Palomar Holdings announced the successful completion of its reinsurance programs starting June 1, 2025, and increased its full-year 2025 adjusted net income guidance to $195 million to $205 million. The company secured approximately $455 million in additional limits to support its Earthquake franchise, with reinsurance coverage extending to $3.53 billion for earthquake events and $100 million for continental U.S. hurricane events. Palomar also executed its first standalone excess of loss treaty for Hawaii hurricane policies, previously covered through its core reinsurance tower. These initiatives, including the issuance of a new catastrophe bond, are expected to enhance earnings prospects and provide ample capacity for growth, while maintaining event retention levels within management’s guideposts.

The most recent analyst rating on (PLMR) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Palomar Holdings stock, see the PLMR Stock Forecast page.

Spark’s Take on PLMR Stock

According to Spark, TipRanks’ AI Analyst, PLMR is a Outperform.

Palomar Holdings exhibits strong financial and technical performance with significant revenue growth and a bullish technical outlook. These positive factors are slightly offset by a high P/E ratio and the challenges discussed in the earnings call, such as the impact of wildfires on the California insurance market. Overall, the company’s strategic growth initiatives and strong equity position underpin a solid stock performance outlook.

To see Spark’s full report on PLMR stock, click here.

More about Palomar Holdings

Palomar Holdings, Inc. is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Its subsidiaries, including Palomar Specialty Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd., have a financial strength rating of ‘A’ (Excellent) from A.M. Best.

Average Trading Volume: 304,045

Technical Sentiment Signal: Buy

Current Market Cap: $4.38B

For an in-depth examination of PLMR stock, go to TipRanks’ Stock Analysis page.