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AI brief of an SEC Form 8-K · Palomar Holdings (PLMR)

Palomar Holdings Q1 net income rises 52% to $26.4 million; full-year guidance raised

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyPalomar Holdings (PLMR)
Form8-K, current report
Filed with the SECMay 2, 2024, 4:09 PM ET
Accession number0001437749-24-014368

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.