05:09 PM EDT, 05/05/2025 (MT Newswires) -- Palomar ( PLMR ) reported Q1 adjusted earnings late Monday of $1.87 per share, up from $1.09 a year earlier.

Analysts polled by FactSet expected $1.59.

Total revenue for the quarter ended March 31 was $174.6 million, up from $118.5 million a year ago. One analyst expected $164.2 million in a FactSet poll.

Palomar ( PLMR ) raised its 2025 adjusted net income guidance to $186 million to $200 million from $180 million to $192 million previously.

Shares were down 3% in after-hours activity.