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Palomar Holdings (PLMR)
NASDAQ:PLMR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.25Last Year’s EPS
1.87Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based financial and operational progress: robust top-line growth (+32% GWP), significant earnings expansion (+62% adjusted net income), attractive returns (ROE ~26%), improved reinsurance economics, successful acquisitions and growing scale/talent. Challenges include commercial earthquake rate pressure (rates down ~15%), a higher Q4 loss ratio driven by casualty and crop growth, near-term expense pressure, and modest 2026 accretion from the Gray Surety acquisition due to financing costs. Management provided positive 2026 guidance (midpoint implying ~24% adjusted net income growth) and clear strategic plans (AI, integration, disciplined underwriting), suggesting the positives materially outweigh the headwinds.Company Guidance
Record Full-Year Financial Performance
Full-year 2025 gross written premium grew 32% to $2.0 billion; adjusted net income increased 62% to $216.1 million; adjusted diluted EPS rose 54% to $7.86; adjusted return on equity was 25.9% (up from 22.2% in 2024).
Strong Q4 Results and Momentum
Q4 2025 adjusted net income was $61.1 million (+48% YoY) or $2.24 per share; Q4 adjusted underwriting income was $62.3 million (+52% YoY); Q4 gross written premium was $492.6 million (+32% YoY) and Q4 net earned premium increased 61% to $233.5 million.
High-Quality Underwriting Metrics
Full-year adjusted combined ratio was 72.7% (improved from 73.7% in 2024); Q4 adjusted combined ratio was 73.4%; Q4 annualized adjusted ROE was ~26.9% (up from 23.1% in prior-year quarter).
Crop Franchise Outperformance
Crop wrote $248 million of premium in 2025, beating the original $200 million expectation and revised guidance of $230 million; fourth quarter crop production was $40 million; crop loss ratio under 80% in 2025; retention increased to 50% net of SRA with expected crop premium growth >30% in 2026 and intermediate target of $500 million.
Reinsurance Improvements and Favorable Pricing
Renewed four quota share treaties on 01/01 with improved economics; commercial earthquake quota share renewed ~15% lower on a risk-adjusted basis; earthquake excess of loss placements renewed >15% lower risk-adjusted; primary/excess casualty quota share improved ceding commission.
Strategic M&A and Product Expansion
Closed acquisition of Gray Casualty and Surety (Gray Surety) to strengthen surety franchise; pro forma Gray written premium would have been ~$110 million in 2025; third specialty franchise closed in the period, broadening product mix and diversification.
Talent, Scale and Operational Initiatives
Headcount grew to over 500 professionals; added underwriting, claims, data and actuarial talent; launched engineering practice for construction/infrastructure; deploying AI to enhance underwriting workflows, portfolio optimization, automation and operational efficiency.
2026 Guidance Reflects Continued Growth
2026 adjusted net income guidance of $260 million to $275 million (midpoint implies ~24% growth vs. 2025) with adjusted ROE >20%; guidance assumes $8–12 million (or $10 million cited) catastrophe load and a 10% risk-adjusted decrease on excess of loss property catastrophe reinsurance renewal at 06/01.
PLMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PLMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $131.64 | $127.01 | -3.52% |
Nov 06, 2025 | $117.79 | $128.06 | +8.72% |
Aug 04, 2025 | $131.53 | $112.26 | -14.65% |
May 05, 2025 | $155.69 | $156.33 | +0.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Palomar Holdings (PLMR) report earnings?
Palomar Holdings (PLMR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Palomar Holdings (PLMR) earnings time?
Palomar Holdings (PLMR) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLMR EPS forecast?
PLMR EPS forecast for the fiscal quarter 2026 (Q1) is 2.25.