secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001437749-24-014368
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924014368/0001437749-24-014368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924014368/plmr20240301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014368

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