Palomar Beats Q1 Estimates with 42% Premium Growth, Adjusted EPS Up
PLMR is trading near its 52-week low of $107.75 (2.8% above the low) on elevated volume (2.3× avg).
Summary
Palomar Holdings reported a strong Q1, with adjusted EPS of $2.31 significantly beating analyst estimates of $2.20, and adjusted net income of $63.1 million surpassing the $59.93 million consensus. The specialty insurer saw gross written premiums surge 42% year-over-year to $629.8 million, driven by broad growth across product categories and the recent acquisition of The Gray Casualty & Surety Company. Net investment income also increased by 49%. This robust performance, building on the company's record results in 2025, provides a strong positive catalyst, especially as the stock has been trading near its 52-week low. Traders will be watching the company's ability to sustain this growth and manage its 2026 adjusted net income guidance of $262 million to $278 million.
At the time of this announcement, PLMR was trading at $110.75 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $107.75 to $175.85. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.