Palomar Q3 adjusted net income $0.29/share, premiums up 66%; guides FY adjusted net income $82-85M

Palomar Holdings, Inc.

2022-Q3 EPS reported $1.29 revenue$238,461,000

Net income $4.3M ($0.17 diluted) vs $0.2M prior year; adjusted net income $7.4M ($0.29 diluted).
Gross written premiums $253.1M (+66.2% YoY); combined ratio 94.8% improved from 102.8%.
Hurricane Ian catastrophe losses $12.5M; management says prior underwriting actions reduced exposure.
Full year 2022 adjusted net income guidance $82-85M, including additional reinsurance costs from Ian.
Repurchased 52,185 shares for $3.0M; $76.7M remains under $100M authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palomar Holdings, Inc. reported the fiscal quarter ended September 30, 2022 results: net income $4.3 million, EPS $0.17 per diluted share.

Period: the fiscal quarter ended September 30, 2022
Net income: $4.3 million
EPS: $0.17 per diluted share
Result: reported results

Exact text from the filing

Palomar Holdings, Inc. Reports Third Quarter 2022 Results LA JOLLA, Calif. (November 2, 2022) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $4.3 million, or $0.17 per diluted share, for the third quarter of 2022 compared to $0.2 million, or $0.01 per diluted share, for the third quarter of 2021.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Palomar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-016002

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.