Palomar Holdings, Inc. Reports Third Quarter 2026 Results
Key Highlights
- ➤Adjusted net income rose 47.4% to $81.3 million, or $3.01 per share
- ➤Gross written premiums increased 28.4% to $767.0 million
- ➤2026 adjusted net income guidance set at $280 million to $285 million
- ➤Palomar posted its 16th consecutive earnings beat and fourth guidance increase
- ➤Combined ratio worsened to 80.8% from 78.1% year over year
Expert Statements
Mac Armstrong, Chairman and Chief Executive Officer of Palomar Holdings, Inc.
“Palomar’s third quarter of 2026 was exceptional; highlighted by record gross written premium and adjusted net income, our 16(th) consecutive earnings beat and the fourth increase to our 2026 adjusted net income guidance range. Profitable growth anchors Palomar 2X. This quarter’s 47% growth in adjusted net income and 33% adjusted return on equity demonstrate our ability to deliver on that strategy in a dynamic insurance market.”
Mac Armstrong, Chairman and Chief Executive Officer of Palomar Holdings, Inc.
“We were especially pleased with written premium growth across all five product categories this quarter: Earthquake, Inland Marine and Property, Casualty, Crop and Surety & Credit. Our “one-of-one” specialty product portfolio is well positioned across market cycles, and this quarter reflected the ballast, diversity and overall strength in the book. It continues to position Palomar for long-term success and shareholder value creation.”
LA JOLLA, Calif., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (Nasdaq:PLMR) (“Palomar” or “Company”) reported net income of $65.3 million, or $2.42 per diluted share, for the third quarter of 2026 compared to net income of $51.5 million, or $1.87 per diluted share, for the third quarter of 2025. Adjusted net income((1)) was $81.3 million, or $3.01 per diluted share, for the third quarter of 2026 as compared to $55.2 million, or $2.01 per diluted share, for the third quarter of 2025.
Third Quarter 2026 Highlights * Gross written premiums increased by 28.4% to $767.0 million compared to $597.2 million in the third quarter of 2025 * Net income increased 27.0% to $65.3 million compared to $51.5 million in the third quarter of 2025 * Adjusted net income((1)) increased 47.4% to $81.3 million compared to $55.2 million in the third quarter of 2025 * Diluted earnings per share increased by 29.4% to $2.42 compared to $1.87 in the third quarter of 2025 * Diluted adjusted earnings per share((1)) increased by 49.8% to $3.01 compared to $2.01 in the third quarter of 2025 * Total loss ratio of 41.5% compared to 32.3% in the third quarter of 2025 * Combined ratio of 80.8% compared to 78.1% in the third quarter of 2025 * Adjusted combined ratio((1)) of 76.3% compared to 74.8% in the third quarter of 2025 * Annualized return on equity of 26.6% compared to 23.9% in the third quarter of 2025 * Annualized adjusted return on equity((1)) of 33.1% compared to 25.6% in the third quarter of 2025 (1) See discussion of “Non-GAAP and Key Performance Indicators” below.
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