secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001437749-24-004161
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar Q4 adj EPS $1.11, gross premiums +26.8%; guides FY24 adj net income $110-115M
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- Q4 2023 net income $25.9M ($1.02 diluted EPS); adjusted net income $28.0M ($1.11 diluted EPS), up from $0.82 adjusted EPS in Q4 2022.
- Gross written premiums +26.8% to $303.2M; combined ratio improved to 74.2% (adjusted 68.8%) from 75.5% (adjusted 71.4%).
- Full-year 2023 adjusted net income $93.5M (vs $71.3M in 2022); return on equity 18.5% (adjusted 21.9%).
- Guides FY2024 adjusted net income $110-115M, including ~$3.5M estimated loss from California flooding.
- Net investment income +58.9% to $7.0M; cash & invested assets $741.4M at Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924004161/0001437749-24-004161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924004161/plmr20231206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004161

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