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Palomar Holdings Inc (PLMR)
NASDAQ:PLMR
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.64Last Year’s EPS
1.25Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: 0.73%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with significant growth across key segments, continued strategic investments, and successful reinsurance placements. However, challenges remain in the form of temporary premium declines in the fronting business and rate pressures in the commercial property sector.Company Guidance
During the first quarter of 2025, Palomar Holdings reported robust financial performance, reflecting significant growth across various metrics. The company achieved an 85% increase in adjusted net income and maintained an adjusted combined ratio of 69%. Gross written premiums grew by 20% overall, with a notable 37% increase in same-store premium growth. This growth was driven by both new products and a diversified portfolio of residential and commercial properties. Palomar's strategic initiatives contributed to these results, including the successful integration of First Indemnity of America and the acquisition of Advanced AgProtection, positioning the company for long-term growth in its surety and crop insurance divisions. Additionally, the company raised its full-year adjusted net income guidance to a range of $186 million to $200 million, supported by a strong start to the year and favorable dynamics in their diverse business portfolio.Record Adjusted Net Income Growth
Adjusted net income grew 85% year-over-year to $51.3 million, demonstrating strong financial performance and the successful execution of strategic initiatives.
Sustained Premium Growth
Gross written premium increased by 20% in the first quarter, driven by new products and a balanced portfolio, with same-store premium growth at 37%.
Strong Earthquake and Hawaiian Hurricane Growth
Earthquake gross written premium grew by 23% year-over-year, and Hawaiian hurricane premiums increased by 82%, highlighting strong demand and effective market adaptation.
Casualty Segment Expansion
Casualty gross written premium grew 113% year-over-year, with strong performances in general liability, E&S casualty, real estate E&O, and environmental liability.
Crop Business Expansion
Crop franchise generated $48 million in written premium, a 25% increase year-over-year, with strategic investments in talent and geographic expansion.
Successful Reinsurance Placements
Secured $525 million in earthquake limit through the Torrey Pines Re catastrophe bond issuance and placed a new Laulima excess loss treaty, both at favorable pricing.
Raised Full-Year 2025 Guidance
Adjusted net income guidance increased to a range of $186 million to $200 million, reflecting confidence in continued growth and profitability.
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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 |
|---|---|---|---|
| May 05, 2025 | $155.69 | $156.33 | +0.41% |
| 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% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Palomar Holdings Inc (PLMR) earnings time?
Palomar Holdings Inc (PLMR) earnings time is at Jul 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 (Q2) is 1.64.
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