Palomar estimates $12.5M pretax catastrophe loss from Hurricane Ian in Q3 2022

Palomar Holdings, Inc.

Estimated pretax catastrophe losses of $12.5M net of reinsurance for Q3 2022, all from Hurricane Ian.
Additional ceded reinsurance premium of $3.1M; $1.3M recognized in Q3, $1.8M ratably through May 2023.
Estimates are preliminary and subject to change; financial closing and review procedures not yet complete.
Full Q3 2022 results to be released Nov 2, 2022; conference call scheduled for Nov 3 at 12:00pm ET.

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