Every material Form 8-K Palomar Holdings has filed with the SEC since May 02, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Palomar Holdings reported third quarter 2026 net income of $65.3 million, or $2.42 per diluted share, up from $51.5 million, or $1.87, a year earlier. Gross written premiums rose 28.4% to $767.0 million, but the loss ratio increased to 41.5% from 32.3%, and the combined ratio rose to 80.8% from 78.1%. The company now expects full-year 2026 adjusted net income of $280 million to $285 million, and its CEO said this was the fourth increase to the adjusted net income guidance range this year.
Net income of $65.3 million, or $2.42 per diluted share, versus $51.5 million, or $1.87, in Q3 2025
Gross written premiums up 28.4% to $767.0 million; loss ratio 41.5% versus 32.3%; combined ratio 80.8% versus 78.1%
Full-year 2026 adjusted net income outlook of $280 million to $285 million, including $8 million to $12 million of catastrophe losses
Board declared a quarterly cash dividend of $0.45 per share, payable December 2, 2026, to holders of record as of November 17, 2026
Palomar Holdings reported second quarter 2026 net income of $52.6 million, or $1.94 per diluted share, up from $46.5 million, or $1.68, a year earlier, on gross written premiums up 27.0% to $630.5 million. Its loss ratio rose to 34.5% from 25.7%, and its combined ratio rose to 83.3% from 78.8%. The board also declared an initial quarterly cash dividend of $0.45 per share, and the company expects full-year 2026 adjusted net income of $270 million to $280 million.
Net income $52.6 million, or $1.94 per diluted share, versus $46.5 million, or $1.68, in Q2 2025
Gross written premiums rose 27.0% to $630.5 million; loss ratio was 34.5% versus 25.7%
Adjusted net income $63.8 million, or $2.36 per diluted share, versus $48.5 million, or $1.76
Full-year 2026 adjusted net income outlook of $270 million to $280 million; initial $0.45 dividend payable September 2, 2026 to holders of record August 19, 2026
Palomar Holdings appointed Scott Beiser, co-chairman of Houlihan Lokey, as a Class I director effective May 21, 2026, and he will serve on the Audit, Compensation and Investment Committees. At the May 21 annual meeting, stockholders elected two Class I directors, approved the advisory vote on executive compensation, and ratified Ernst & Young LLP as the independent auditor for 2026.
Scott Beiser's term runs until the 2029 annual meeting; his initial awards include 869 RSUs granted in 2026 and a $50,000 grant-value award to be granted in 2027.
Daryl Bradley received 22,017,793 votes for and 806,927 withheld; Thomas Bradley received 22,315,644 for and 509,076 withheld.
The say-on-pay proposal received 21,123,368 votes for and 1,680,514 against.
Ernst & Young LLP was ratified with 23,696,932 votes for and 108,911 against.
Palomar Holdings reported first-quarter 2026 GAAP net income of $42.9 million, or $1.57 per diluted share, flat from a year earlier, and adjusted net income of $63.1 million, or $2.31 per diluted share, up 23.1%. Gross written premiums rose 42.4% to $629.8 million, but the combined ratio worsened to 84.5% from 73.1% and underwriting income fell 8.0%. The board also approved a new $200 million share repurchase program running through May 6, 2028, replacing the prior program.
GAAP net income $42.9 million and $1.57 diluted EPS, both flat versus Q1 2025; adjusted net income $63.1 million, up 23.1%
Gross written premiums up 42.4% to $629.8 million; combined ratio 84.5% versus 73.1%; underwriting income $40.5 million, down 8.0%
New repurchase authorization of up to $200 million, effective May 6, 2026, through May 6, 2028
2026 outlook: adjusted net income of $262 million to $278 million, including $8 million to $12 million of catastrophe losses
Palomar Holdings reported fourth-quarter 2025 net income of $56.2 million, or $2.06 per diluted share, up from $35.0 million, or $1.29 per diluted share, a year earlier, on gross written premiums that rose 31.8% to $492.6 million. The company also guided to full-year 2026 adjusted net income of $260 million to $275 million, including $8 million to $12 million of expected catastrophe losses.
Q4 2025 net income of $56.2 million ($2.06 per diluted share), up 60.6% from $35.0 million ($1.29 per diluted share) in Q4 2024
Q4 2025 adjusted net income of $61.1 million ($2.24 per diluted share), up 48.0% from $41.3 million
Q4 2025 gross written premiums rose 31.8% to $492.6 million; combined ratio was 76.8% versus 75.9% a year earlier
2026 outlook: adjusted net income of $260 million to $275 million, including $8 million to $12 million of catastrophe losses
Palomar Holdings completed its acquisition of The Gray Casualty & Surety Company, effective January 31, 2026, paying approximately $311 million in cash funded by Term Loan proceeds and cash on hand. The company also closed $450 million in unsecured credit facilities, including a $150 million revolver and a $300 million term loan, maturing January 27, 2031. The CEO said the deal adds scale and geographic reach to Palomar's surety business, but the filing does not provide financial results for the acquired business.
Gray Surety acquisition effective January 31, 2026; purchase price of approximately $311 million paid in cash
Credit facilities total $450 million: $150 million revolver and $300 million term loan, maturing January 27, 2031
Term loan amortizes quarterly beginning June 30, 2026; interest at Term SOFR plus 1.5% to 1.75%, based on the Debt to Capital Ratio
Uncommitted incremental facilities of up to $100 million, subject to customary conditions
Palomar Holdings reported third-quarter 2025 net income of $51.5 million, or $1.87 per diluted share, up from $30.5 million, or $1.15 per diluted share, a year earlier. Adjusted net income rose 70% to $55.2 million, and the company raised its full-year 2025 adjusted net income outlook to $210 million to $215 million from $198 million to $208 million, which is a positive signal for shareholders.
Q3 2025 diluted EPS was $1.87 versus $1.15 in Q3 2024; adjusted diluted EPS was $2.01 versus $1.23
Gross written premiums rose 43.9% to $597.2 million from $415.0 million
Full-year 2025 adjusted net income outlook raised to $210 million to $215 million from $198 million to $208 million
Conference call scheduled for Friday, November 7, 2025, at 12:00 p.m. Eastern Time
Palomar Holdings agreed on October 27, 2025 to buy all equity of The Gray Casualty & Surety Company, a contract surety insurer, for $300 million in cash, subject to customary adjustments. The deal is expected to close in the first half of 2026, subject to regulatory approvals and other closing conditions, and Palomar says it strengthens its surety business.
Purchase price of $300 million in cash, subject to customary closing adjustments
Expected to close in the first half of 2026, pending HSR and other regulatory approvals
Agreement can be terminated if closing has not occurred by March 27, 2026, extendable to May 27, 2026
Gray Surety is licensed in 50 states and operates 13 regional offices
Palomar Holdings reported second quarter 2025 net income of $46.5 million, or $1.68 per diluted share, up from $25.7 million, or $1.00 per share, a year earlier. It also raised its full-year 2025 adjusted net income outlook to $198 million to $208 million and approved a share repurchase program of up to $150 million through July 31, 2027.
Q2 2025 gross written premiums rose 28.8% to $496.3 million; adjusted net income rose 51.8% to $48.5 million ($1.76 per diluted share).
Combined ratio improved to 78.8% from 79.1%; adjusted return on equity was 23.7%, down from 24.7% a year earlier.
Full-year 2025 adjusted net income outlook raised to $198 million to $208 million from $195 million to $205 million.
Board approved a repurchase program of up to $150 million of common stock, effective July 31, 2025, running through July 31, 2027.
Palomar Holdings reported first quarter 2025 net income of $42.9 million, or $1.57 per diluted share, up from $26.4 million, or $1.04, a year earlier. The company also raised its full-year 2025 adjusted net income outlook to $186 million to $200 million, from $180 million to $192 million, which is favorable for shareholders.
Net income was $42.9 million, or $1.57 per diluted share, versus $26.4 million, or $1.04, in Q1 2024
Adjusted net income rose 84.6% to $51.3 million; gross written premiums grew 20.1% to $442.2 million
Full-year 2025 adjusted net income outlook raised to $186 million to $200 million from $180 million to $192 million
Expenses associated with transactions were $2.1 million in the quarter, tied to the acquisition of Advanced AgProtection
Palomar Holdings reported fourth-quarter 2024 net income of $35.0 million, or $1.29 per diluted share, up from $25.9 million, or $1.02, a year earlier. Adjusted net income rose 47.5% to $41.3 million, and the company expects full-year 2025 adjusted net income of $180 million to $192 million, compared with $133.5 million in 2024.
Q4 2024 gross written premiums rose 23.3% to $373.7 million, and net earned premiums rose 54.6%.
Q4 2024 diluted adjusted EPS was $1.52, versus $1.11 in Q4 2023; the combined ratio was 75.9%, versus 74.2%.
Q4 2024 catastrophe losses were $8.1 million, primarily related to Hurricane Milton.
For full-year 2025, the company expects adjusted net income of $180 million to $192 million, including $8 million to $12 million of catastrophe losses.
Palomar Holdings entered into a new executive employment agreement with CEO and Board Chair Mac Armstrong, effective January 1, 2025, extending his employment term through January 1, 2029. The filing sets his base salary, bonus targets, long-term incentive award and severance terms, including enhanced benefits tied to a change in control.
Base salary of $1,250,000 per year, with an annual target bonus of 175% of base salary and a maximum of 350% of base salary.
Annual long-term incentive award with a target value of 300% of base salary, subject to Compensation Committee approval.
Severance equal to 200% of base salary plus target bonus, paid over 24 months, if terminated without Cause or for Good Reason; certain equity accelerates on a change in control.
Palomar Holdings reported third quarter 2024 net income of $30.5 million, or $1.15 per diluted share, up from $18.4 million, or $0.73, a year earlier. Gross written premiums rose 32.2% to $415.0 million, and the company expects full-year 2024 adjusted net income of $124 million to $128 million, which includes about $8 million of Hurricane Milton losses expected in the fourth quarter.
Q3 2024 net income $30.5 million ($1.15 per diluted share) vs. $18.4 million ($0.73) in Q3 2023
Q3 2024 adjusted net income $32.4 million ($1.23 per diluted share), up 39.3% from $23.3 million
Q3 2024 catastrophe losses of $12.9 million from Hurricanes Beryl, Debby, and Helene; combined ratio 80.5% vs. 75.8%
Full-year 2024 adjusted net income outlook of $124 million to $128 million
Palomar Holdings reported second quarter 2024 net income of $25.7 million, or $1.00 per diluted share, up from $17.6 million, or $0.69, a year earlier, with gross written premiums up 40.4% to $385.2 million. The company raised its full-year 2024 adjusted net income guidance to $124 million to $130 million, which includes catastrophe losses from Hurricanes Beryl and Debby. For shareholders, the filing shows higher profit and a higher outlook for the year.
Q2 2024 net income was $25.7 million, or $1.00 per diluted share, versus $17.6 million, or $0.69, in Q2 2023.
Adjusted net income was $32.0 million, or $1.25 per diluted share, versus $21.8 million, or $0.86, in Q2 2023.
Full-year 2024 adjusted net income guidance is now $124 million to $130 million.
Gross written premiums rose 40.4% to $385.2 million; the combined ratio was 79.1%, compared with 79.0% a year earlier.
Palomar Holdings, Inc. appointed Rodolphe Herve as Chief Operating Officer, effective July 1, 2024, subject to a formal employment agreement. The company also named Tim Carter as Chief People Officer, effective June 24, 2024, as disclosed in a June 20, 2024 press release. The filing lists Herve's base salary, incentive opportunity and equity grant, which are the compensation terms shareholders can review.
Rodolphe Herve appointed Chief Operating Officer, effective July 1, 2024; previously global head of property and casualty operations at SCOR SE
Herve to receive an annual base salary of $425,000 and eligibility for the Annual Incentive Plan of up to 70% of salary
One-time grant of $550,000 in restricted stock units to Herve, vesting in three equal annual installments
Tim Carter appointed Chief People Officer, effective June 24, 2024, formerly Senior Vice President, Human Resources at LPL Financial
Palomar Holdings reported first quarter 2024 net income of $26.4 million, or $1.04 per diluted share, up from $17.3 million, or $0.68 per diluted share, a year earlier. Gross written premiums rose 47.2% to $368.1 million, and the company raised its full-year 2024 adjusted net income guidance to $113 million to $118 million, which shareholders would see as a higher outlook for profit.
Net income of $26.4 million ($1.04 diluted EPS) for Q1 2024, versus $17.3 million ($0.68) in Q1 2023
Adjusted net income of $27.8 million ($1.09 diluted adjusted EPS), versus $20.4 million ($0.80) a year earlier
Full-year 2024 adjusted net income guidance raised to $113 million to $118 million
Combined ratio of 76.9% versus 77.9% in Q1 2023; no share repurchases in Q1 2024
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