04:45 PM EDT, 05/29/2025 (MT Newswires) -- Palomar ( PLMR ) said late Thursday it has completed reinsurance programs incepting June 1 and raised its full year 2025 adjusted net income guidance.

The company said it has procured about $455 million of incremental limit to back the growth of its Earthquake franchise. Palomar ( PLMR ) said its reinsurance coverage now extends to $3.53 billion for earthquake events and $100 million for continental US hurricane events.

The company raised its full-year 2025 adjusted net income guidance to between $195 million and $205 million. The previous outlook was between $186 million and $200 million.