earnings
confidence high
sentiment positive
materiality 0.75
Palomar Q1 net income $42.9M, adj. EPS $1.87; raises FY adjusted net income outlook to $186-200M
Palomar Holdings, Inc.
2025-Q1 EPS reported
$1.57
revenue$174,633,000
- Net income $42.9M ($1.57 diluted EPS), adjusted net income $51.3M ($1.87), up from $26.4M ($1.04) YoY.
- Gross written premiums +20.1% to $442.2M; combined ratio improved to 73.1% from 76.9%.
- Adjusted combined ratio improved to 68.5% from 73.0%; catastrophe loss ratio -0.3%.
- FY2025 adjusted net income guidance raised to $186-200M from prior $180-192M.
- Acquired Advanced AgProtection to enhance Crop franchise; same-store premium growth 37%.