Palomar Q1 net income rises 62.7% to $42.9 million; 2025 adjusted outlook raised
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.
Key points
- 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
The filing
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 05, 2025.
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.