Palomar Holdings Q4 net income rises 35% to $35.0 million
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 February 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.