secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001558370-22-016002
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000155837022016002/0001558370-22-016002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000155837022016002/plmr-20221102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer