Palomar Holdings

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. » More on 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. » More on 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. » More on de.investing.com