secwatch.observer — SEC 8-K summary
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Issuer:     Palomar Holdings, Inc. (PLMR)
CIK:        0001761312
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001558370-23-010613
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palomar completes 6/1 reinsurance renewal, raises FY 2023 adjusted net income guidance to $88M-$92M
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- Reinsurance coverage exhausts at $2.68B for earthquake, $900M for Hawaii hurricane, $100M for continental US hurricane.
- Per occurrence catastrophe retention remains $17.5M after-tax, within management's previously stated guideposts.
- Purchased ~$550M of reinsurance limit for earthquake franchise growth; $200M via new catastrophe bond Torrey Pines Re Series 2023-1.
- Raised full year 2023 adjusted net income guidance to $88M-$92M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1761312/000155837023010613/0001558370-23-010613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1761312/000155837023010613/plmr-20230530x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-010613

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