secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001437749-23-021663
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar Q2 net income $0.69 EPS, 25% premium growth; raises FY23 guidance to $89-93M adjusted net income
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- Net income $17.6M ($0.69 diluted EPS) vs $14.6M ($0.57) Q2 2022; adjusted net income $21.8M ($0.86) vs $22.4M ($0.87).
- Gross written premiums $274.3M, up 25.4% YoY; combined ratio 79.0% (adjusted 72.2%).
- Raised full-year 2023 adjusted net income guidance to $89M-$93M (from prior).
- Repurchased 166,482 shares for $8.7M; $50.0M remaining under $100M authorization.
- Catastrophe losses of $2.2M from severe convective storms, loss ratio 2.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774923021663/0001437749-23-021663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774923021663/plmr20230717_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021663

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer