Earnings Releases·Nov 4, 2026, 4:15 PM ET

Palomar Holdings, Inc. — Third Quarter 2026 Earnings Summary

Net income rose 27.0% to $65.3 million and adjusted net income surged 47.4% to $81.3 million, while gross written premiums increased 28.4% to $767.0 million and net earned premiums jumped 62.3% to $365.4 million year-over-year.
The company raised its full-year 2026 adjusted net income guidance to $280 million–$285 million, incorporating an estimated $8 million–$12 million in catastrophe losses.
Growth was broad-based across all five product lines, with Crop premiums up 89.3% and Surety & Credit premiums up 228.4%, though the total loss ratio worsened to 41.5% from 32.3% due to $4.5 million in catastrophe losses and $4.0 million in attritional unfavorable development.
Capital return initiatives included the repurchase of 70,000 shares for $8.9 million and a newly declared quarterly cash dividend of $0.45 per share, while the company completed acquisitions of Gray Surety and FIA in 2025 and 2026.