secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001437749-24-033137
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar Q3 adjusted EPS $1.23, premiums up 32%; guides FY adj net income $124-128M
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- Net income $30.5M ($1.15 diluted EPS) vs $18.4M ($0.73) a year ago; adjusted net income $32.4M ($1.23).
- Gross written premiums $415.0M, up 32.2% YoY; same-store premium growth 38%.
- Combined ratio 80.5%, adjusted combined ratio 77.1%; catastrophe loss ratio 9.5% from Hurricanes Beryl, Debby, Helene.
- Full-year 2024 adjusted net income guidance $124-128M, includes ~$8M Hurricane Milton losses.
- Raised $116M in August; acquiring First Indemnity of America to enter surety market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924033137/0001437749-24-033137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000143774924033137/plmr20240825_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-033137

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