secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001558370-21-010245
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar Q2 net income $12.3M, gross written premiums +54% YoY; guides FY adj net income $64-69M
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- Gross written premiums surged 54.4% to $129.4M vs $83.8M prior year; net income $12.3M ($0.47 diluted) vs $12.0M ($0.48).
- Adjusted net income $13.2M ($0.51 diluted); combined ratio 76.0% vs 68.4% prior, impacted by $3.9M Winter Storm Uri reinsurance charges.
- Full-year 2021 adjusted net income guidance: $64M to $69M; company repurchased 239,000 shares for $15.8M under $40M authorization.
- E&S business gross written premium $34.1M, up 43% sequentially; reinsurance coverage increased to $1.65B for earthquakes and $700M for hurricanes.
- Cash and invested assets $427.8M; stockholders' equity $376.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000155837021010245/0001558370-21-010245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000155837021010245/plmr-20210804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010245

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