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Palomar Holdings Inc (PLMR)
NASDAQ:PLMR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.59Last Year’s EPS
1.09Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 10.80%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in gross written premiums and adjusted net income, successful strategic initiatives, and strong performance across various segments. However, challenges from the Los Angeles wildfires and declines in the fronting business were noted. Overall, the positive aspects and growth prospects outweigh the negatives.Company Guidance
During the Palomar Holdings, Inc. earnings call for the fourth quarter and full year 2024, the company provided robust financial guidance and shared strategic goals for 2025. They reported 23% growth in gross written premium, which rose to 39% when excluding runoff lines, and a 48% increase in adjusted net income despite $8 million in catastrophe losses, leading to an adjusted return on equity of 23% for the quarter. The company's stockholders' equity increased by 55% year-over-year, or 30% excluding equity issuance. Palomar announced its 2025 adjusted net income guidance to be between $180 million and $192 million, with expectations for a mid to high teens growth in earthquake premiums and growth in other segments like crop and casualty lines. The company emphasized strategic initiatives for 2025, including the integration of recent acquisitions and maintaining a strong focus on profitable growth, while navigating market challenges such as the impact of the Los Angeles wildfires on the California insurance landscape.Record Gross Written Premium Growth
Palomar Holdings achieved a 23% gross written premium growth in Q4 2024, and a 35% growth for the full year, with 39% growth when excluding runoff lines of business.
Significant Adjusted Net Income Growth
The company reported a 48% adjusted net income growth in Q4, and 43% for the full year 2024, despite $8 million in catastrophe losses.
Strong Capital Position
Stockholders' equity increased by 55% year over year, and 30% when excluding the equity issuance.
Successful Strategic Initiatives
Palomar successfully executed its strategic objectives, including scaling the organization and delivering predictable earnings.
Positive Reinsurance Market Indicators
Despite industry losses from wildfires, there is optimism for reinsurance renewals with recent catastrophe bond market activity suggesting strong investor appetite.
Casualty Segment Growth
Casualty segment saw a premium increase of 112% year over year, driven by strong performance in various liability lines.
Acquisition of First Indemnity of America
Closed acquisition of surety company First Indemnity of America, expected to be an important growth vector.
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PLMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PLMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $108.99 | $125.04 | +14.73% |
| Nov 04, 2024 | $88.47 | $90.30 | +2.07% |
| Aug 05, 2024 | $88.25 | $92.99 | +5.37% |
| May 02, 2024 | $77.97 | $80.82 | +3.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Palomar Holdings Inc (PLMR) report earnings?
Palomar Holdings Inc (PLMR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Palomar Holdings Inc (PLMR) earnings time?
Palomar Holdings Inc (PLMR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PLMR EPS forecast?
PLMR EPS forecast for the fiscal quarter 2025 (Q1) is 1.59.
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