Palomar Raises 2026 Guidance, Highlights 27% Premium Growth and Reinsurance Expansion
PLMR sits 30% above its 52-week low of $100.81.
Summary
Palomar raised 2026 adjusted net income guidance to $270–$280 million after reporting 27% premium growth and 31% adjusted net income growth in Q2 2026. The company also expanded its reinsurance program, initiated a dividend, and repurchased $41 million in shares.
Key Events · Earnings and Guidance · PLMR
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Raised 2026 Guidance
Full-year adjusted net income guidance raised to $270–$280 million, implying 27% growth at the midpoint and exceeding the Palomar 2X goal two years early.
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Strong Q2 2026 Results
Gross written premiums grew 27% YoY to $630.5 million; adjusted net income rose 31% to $63.8 million, with an adjusted ROE of 26% and adjusted combined ratio of 77%.
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Reinsurance Program Expansion
Total earthquake coverage increased to $3.92 billion; issued seventh Torrey Pines Re catastrophe bond for $410 million, including a first-time standalone Hawaii hurricane tranche.
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Capital Returns Initiated
Announced first quarterly dividend of $0.45 per share, payable September 2, 2026, and repurchased 368.7K shares for $41.0 million.
Analysis · PLMR · Finance
Palomar updated its investor presentation with strong Q2 2026 results — gross written premiums surged 27% to $630.5 million and adjusted net income rose 31% to $63.8 million. Management raised full-year adjusted net income guidance to $270–$280 million, implying 27% growth at the midpoint and exceeding its Palomar 2X target two years early. The company also detailed a successful June 1 reinsurance renewal that expanded earthquake coverage to $3.92 billion and added a first-time Hawaii hurricane tranche via a $410 million catastrophe bond. Combined with a new $0.45 quarterly dividend and $41 million in share repurchases, the filing reinforces Palomar's track record of profitable growth and disciplined capital management.
At the time of this filing, PLMR was trading at $131.00 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.5B. 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.