Palomar Holdings Inc (PLMR)
NASDAQ:PLMR
Want to see PLMR full AI Analyst Report?
Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.23Last Year’s EPS
1.76Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture: substantial top-line growth (GWP +42%), strong segment-level performance (notably crop +82% and surety +131%), rising adjusted net income (+23%), improving investment income (+49%) and constructive capital actions (share repurchases and $200M authorization). Management also strengthened reinsurance and issued a $410M catastrophe bond. Offsetting these positives were higher loss and combined ratios driven by attritional growth, expense pressure from mix and integration, competitive rate pressure in commercial property and commercial earthquake (~18% decrease on renewals), and weather-related crop risks. Overall, the positives — broad-based premium growth, margin-retaining profitability, improved guidance, balance sheet strength, and successful integration of acquisitions — outweigh the challenges, which are being managed with underwriting discipline and conservative reserving.Company Guidance
Strong Top-Line Growth
Gross written premium increased 42% year-over-year to $629.8 million, driven by broad-based growth across all five product categories (including earthquake). Net earned premiums grew 59% YoY to $261.4 million.
Earnings and Profitability Expansion
Adjusted net income rose 23% YoY to $63.1 million ($2.31 per diluted share). Adjusted underwriting income increased 22% to $62.8 million. Annualized adjusted return on equity was 26.6% and adjusted combined ratio was 76% (demonstrating continued profitability at scale).
Segment-Level Outperformance
Notable segment growth: crop gross written premiums +82% YoY; casualty +55% YoY; surety & credit +131% YoY; inland marine and property grew 47% YoY. Earthquake franchise delivered +3% GWP growth with residential earthquake showing strong retention (~97%) and robust new business.
Balance Sheet, Capital and Shareholder Returns
Cash and invested assets totaled approximately $1.6 billion with a fixed-income portfolio duration just over 4 years. Repurchased 190,255 shares for $23.1 million in Q1 and the Board authorized a new two-year $200 million share repurchase program. Net written premiums-to-equity was ~1.1x and shareholders' equity stood at $959 million.
Reinsurance and Risk Transfer Execution
Completed six reinsurance treaty placements with improved economics and issued the seventh Torrey Pines Re catastrophe bond ($410 million fully collateralized multi-year protection for CA earthquake and standalone HI hurricane). Cat bond pricing was down ~15% risk-adjusted, and casualty quota shares renewed at higher ceding commissions.
Acquisitions and Platform Build
Integration of Gray Surety progressing well (rebranded as Palomar Casualty and Surety), including receipt of de-listing authority >$72 million enabling growth on federal projects. Acquisition activity contributed to expanded product mix and scale in surety.
Investment Income and Yield Improvement
Net investment income increased 49% YoY to $18.0 million. Portfolio yield was 4.9% for the quarter and average yield on investments made in the quarter exceeded 5%.
Guidance Upside
Raised 2026 adjusted net income guidance to $262 million–$278 million (up from prior $260 million–$275 million), with midpoint representing ~25% YoY earnings growth and ROE above 20%. Guidance continues to include $8 million–$12 million of catastrophe losses.
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 |
|---|---|---|---|
May 06, 2026 | $110.75 | $113.57 | +2.55% |
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% |
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 Inc (PLMR) report earnings?
Palomar Holdings Inc (PLMR) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Palomar Holdings Inc (PLMR) earnings time?
Palomar Holdings Inc (PLMR) earnings time is at Aug 10, 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 (Q2) is 2.23.