secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001437749-24-024653
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar Q2 net income $25.7M ($1.00 EPS) vs $17.6M; guidance raised to $124-130M adjusted net income
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- Gross written premiums surged 40.4% to $385.2M; net earned premiums up 47.1% YoY.
- Adjusted net income of $32.0M ($1.25 diluted EPS) vs $21.8M ($0.86) year ago.
- Combined ratio of 79.1% (adjusted 73.1%); attritional loss ratio 22.1%, catastrophe ratio 2.8%.
- FY 2024 adjusted net income guidance raised to $124-130M; includes ~$5-7M from Hurricanes Beryl/Debby.
- Annualized adjusted ROE of 24.7% vs 21.3%; AM Best upgraded financial strength rating to A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924024653/0001437749-24-024653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924024653/plmr20240520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024653

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