earnings
confidence high
sentiment neutral
materiality 0.75
Palomar Q1 adj. net income +23% to $63.1M; GWP +42.4%; new $200M buyback
Palomar Holdings, Inc.
2026-Q1 EPS reported
$1.57
revenue$278,938,000
- Q1 2026 net income flat at $42.9M ($1.57 diluted EPS); adjusted net income $63.1M ($2.31), up 23% YoY.
- Gross written premiums surged 42.4% to $629.8M; combined ratio 84.5% vs 73.1%; adj. combined ratio 76.0%.
- Catastrophe loss ratio 0.1% vs (0.3)% prior year; underwriting income $40.5M vs $44.1M.
- Board approved new $200M share repurchase program effective May 6, 2026 through May 6, 2028.
- FY 2026 adj. net income guidance $262M-$278M; includes estimated $8-12M catastrophe losses.