Palomar Beats Q2, Initiates $0.45 Dividend, Raises Full-Year Guidance
PLMR sits 35% above its 52-week low of $100.81.
Summary
Palomar Holdings reported Q2 2026 adjusted EPS of $2.36, beating estimates, and initiated a $0.45 quarterly dividend. Full-year adjusted net income guidance was raised to $270–$280 million.
Key Events · Earnings and Guidance · PLMR
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Q2 Earnings Beat
Adjusted net income of $63.8M ($2.36/share) beat consensus, up 31.4% YoY. Gross written premiums grew 27% to $630.5M.
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First-Ever Dividend Declared
Board declared an initial quarterly cash dividend of $0.45 per share, payable September 2, 2026 to shareholders of record August 19.
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Full-Year Guidance Raised
Adjusted net income outlook increased to $270M–$280M, the third raise this year, implying ~$4.96–$5.15 in adjusted EPS.
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Share Repurchases Continue
Company bought back 368,719 shares for $41.0M during Q2, complementing the new dividend as part of capital return.
Analysis · PLMR · Finance
A standout second quarter saw Palomar post record adjusted net income, a 27% surge in gross written premiums, and a 34% jump in adjusted EPS. Signaling confidence in sustained cash generation, the board declared the company's first-ever quarterly dividend of $0.45 per share. Full-year adjusted net income guidance was raised to $270–$280 million, marking the third increase this year. The quarter also featured $41 million in share repurchases, reinforcing a shareholder-friendly capital allocation strategy alongside the new dividend.
At the time of this filing, PLMR was trading at $136.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $100.81 to $147.62. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.