Palomar Holdings

Palomar has evolved from an earthquake-focused provider into a diversified specialty insurer, reporting better-than-expected results 15 times in a row and three upward revisions to its adjusted net income guidance for 2026. Drivers include accelerated growth in the crop-failure business (now >$400m booked gross written premiums for 2026), the integrated surety platform, and initial AI production deployments to improve underwriting, portfolio analysis and efficiency. The earthquake business remains the core platform with an expanded reinsurance tower, while liability and flood lines are being further developed; the goal remains to double adjusted net income within three to five years. » Mere på de.investing.com

Palomar reported adjusted earnings per share of $2.36 for Q2 2026, beating the consensus estimate, while revenue of $325.2 million fell well short of expectations. Written gross premiums rose 27% to $630.5 million, adjusted net income increased to $63.8 million, and adjusted return on equity reached 26.3%. Management raised the full-year outlook for adjusted net income to $270–280 million, announced a quarterly dividend of $0.45 and continued share buybacks. Risks remain higher loss ratios from the growing crop business and timing shifts in premium recognition. » Mere på de.investing.com

Palomar Holdings recorded premium growth of 42% and benefited from strong underwriting in earthquake and crop-failure insurance. The company secured a $3.9 billion reinsurance program for earthquakes and reported nearly a 22% share-price gain in the past month, allowing it to dominate the Insurance – Property & Casualty sector. The development is significantly driving Palomar’s revenue and market position. » Mere på finanzen.net

Palomar Holdings shares closed at $107.39, marking a new 52-week low; year-to-date the stock is down 36.77%. Fundamentals are robust: Q1 EPS $2.31 (expectation $2.21) and revenue $629.83 million (expectation $560.44 million), and the forecast for adjusted full-year net income for 2026 was raised. The stock trades at a P/E of 15.3 and a PEG of 0.34 and is rated undervalued by InvestingPro; at the same time Jefferies cut its price target from $163 to $156 but kept its rating at Buy. Palomar secured additional reinsurance coverage of about $421 million for earthquakes (total $3.92 billion) and $135 million for hurricane damage on the U.S. mainland. » Mere på de.investing.com

Palomar Holdings has renewed its reinsurance programs effective June 1, secured additional earthquake coverage of about $421 million, and increased total earthquake coverage to $3.92 billion and hurricane coverage to $135 million. The company placed $360 million via the catastrophe bond Torrey Pines Re and issued a total of $1.28 billion of ILS capacity through that platform. In addition, the hurricane program for Laulima Exchange was expanded to up to $865 million per loss event. As a result of the renewals, Palomar raised its adjusted net income outlook for 2026 from $262–278 million to $266–280 million. » Mere på de.investing.com