Shares of Palomar Holdings (PLMR) surged 6.01% in Thursday's trading session following the release of its impressive third-quarter 2025 results and an upward revision of its full-year outlook. The specialty insurance provider significantly outperformed analyst expectations, demonstrating robust growth across key financial metrics.
Palomar reported an adjusted earnings per share (EPS) of $2.01 for Q3, handily beating the consensus estimate of $1.57. The company's gross written premiums skyrocketed by 43.9% year-over-year to $597.2 million, driven by strong performance across its diverse portfolio. Adjusted net income saw a remarkable 70% increase to $55.2 million, supported by a lower catastrophe loss ratio and improved underwriting income.
Adding to investor optimism, Palomar raised its full-year 2025 adjusted net income forecast to a range of $210 million to $215 million. The company's strategic focus on expanding its crop and surety segments, including the recent acquisition of The Gray Casualty and Surety Company, is expected to drive long-term growth and portfolio diversification. With these strong results and positive outlook, Palomar Holdings continues to solidify its position in the specialty insurance market, attracting increased investor interest.
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