---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014368"
form_type: "8-K"
ticker: "PLMR"
cik: "0001761312"
company_name: "Palomar Holdings, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:44:42.158923+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Palomar Q1 net income rises to $26.4M from $17.3M; raises full-year 2024 guidance

## Summary
- Net income $26.4M ($1.04 diluted EPS) vs $17.3M ($0.68) YoY; adjusted net income $27.8M ($1.09).
- Gross written premiums surged 47.2% to $368.1M, led by Crop and Casualty, Earthquake same-store up 18%.
- Combined ratio improved to 76.9% (adj. 73.0%) vs 77.9% (adj. 73.3%); annualized ROE 21.7%.
- Raised FY2024 adjusted net income guidance to $113M-$118M from prior range; includes $3.4M Q1 flood losses.
- No share repurchases in Q1.

## SEC filing metadata
- accession: 0001437749-24-014368
- form_type: 8-K
- ticker: PLMR
- cik: 0001761312
- company_name: Palomar Holdings, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761312/000143774924014368/0001437749-24-014368-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761312/000143774924014368/plmr20240301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014368
- JSON: https://secwatch.observer/filing/0001437749-24-014368.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014368.txt

## Key facts
- Earnings Releases
  Palomar Holdings, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $368.1 million, net income $26.4 million, EPS $1.04 per diluted share. Guidance raised.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $368.1 million
  - Net income: $26.4 million
  - EPS: $1.04 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: of 2024 as compared to $20.4 million, or $0.80 per diluted share, for the first quarter of 2023 . First Quarter 2024 Highlights ● Gross written premiums increased by 47.2% to $368.1 million compared to $250.1 million in the first quarter of 2023 ● Net income of $26.4 million, compared to $17.3 million in the first quarter of 2023 ● Adjusted net income (1) of $27.8
  evidence_url: https://www.sec.gov/Archives/edgar/data/1761312/000143774924014368/0001437749-24-014368-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.