secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0001558370-22-018750
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar updates FY2022 adjusted net income guidance to $82-85M, reduces continental wind PML to $100M
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- Q3 2022 GWP of $253M, up 66% YoY; same-store growth 30% excluding Fronting.
- FY2022 adjusted net income guidance $82-85M (48% growth at midpoint), includes Hurricane Ian reinsurance cost.
- Reducing continental wind PML from $250M to $100M to manage catastrophe exposure.
- $675M of cat XOL tower is multi-year via Torrey Pines Re cat bonds, not renewing in 2023.
- Adjusted ROE floor of approximately 14% for FY2022 with aggregate reinsurance program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000155837022018750/0001558370-22-018750-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000155837022018750/plmr-20221216x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-018750

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