Palomar estimates Q3 2021 catastrophe losses of $14.5M-$15.5M from Hurricanes Ida and Nicholas

Palomar Holdings, Inc.

Pretax catastrophe loss range of $14.5M–$15.5M net of reinsurance for Q3 2021.
Losses primarily from Hurricanes Ida and Nicholas.
70–75% of gross losses stem from discontinued Admitted All Risk and Louisiana Specialty Homeowners products.
Estimates are preliminary and subject to change; Q3 closing and review not yet complete.

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