Overview

* Palomar ( PLMR ) Q2 gross written premiums rise 28.8% yr/yr

* Adjusted EPS for Q2 beats analyst expectations, per LSEG data

* Co announced $150 mln share repurchase program effectiveJuly31, 2025, reflecting confidence in growth

Outlook

* Company expects 2025 adjusted net income of $198 mln to $208 mln

* Palomar ( PLMR ) estimates $8 mln to $12 mln in catastrophe losses for 2025

* Palomar ( PLMR ) anticipates consistent earnings through 2025 into 2026

Result Drivers

* GROSS WRITTEN PREMIUMS - Increased 28.8% to $496.3 mln, driven by diverse portfolio growth

* REINSURANCE PROGRAM - Successful execution at a 10% adjusted rate decrease, aiding consistent earnings

* INVESTMENTS - Co continues to invest in talent and operational scale, enhancing near and long-term prospects

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Gross $496.29

written mln

premiums

Q2 Beat $1.76 $1.67 (9

Adjusted Analysts

EPS )

Q2 EPS $1.68

Q2 Beat $48.53 $45.80

Adjusted mln mln (8

Net Analysts

Income )

Q2 Net $46.53

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Palomar Holdings Inc ( PLMR ) is $188.00, about 31.1% above its August 1 closing price of $129.62

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)