other material
confidence high
sentiment positive
materiality 0.55
Palomar outlines 'Palomar 2X' plan to double underwriting income; targets >20% ROE
Palomar Holdings, Inc.
- Introduced Palomar 2X framework aiming to double underwriting income organically over an intermediate timeframe.
- Targets adjusted ROE above 20% and industry-leading profit margins.
- Q1 2022 GWP of $171M; E&S division accounted for 39% of total with $67M GWP.
- Fronting segment targets $80–$100M GWP in 2022 after $30M in Q1 2022.
- Catastrophe aggregate limit of $25M excess $30M establishes ~14% adjusted ROE floor for 2022.