Palomar (PLMR) FY Conference June 04, 2025 02:20 PM ET Speaker0 Palomar, which should be a great, great session. Adam Klauber, I run an insurance team here. For the you can see the disclosures. I think they're on our website. Check those out. More important, we've got, you know, great company, Palmar, Mac Armstrong, founder and CEO, and Chris Uchida, CFO, who's probably been with Mac forever also. I'll just say two, you know, two seconds about the company and then turn it over to Mac. You know, as we search ...

It has been about a month since the last earnings report for Palomar (PLMR) . Shares have added about 12% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Palomar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Palomar (PLMR) is currently highlighted as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The historical EPS growth rate for Palomar is 54%, with projected EPS growth of 36.1% this year, significantly outperforming the industry average of 3.4% [4] Group 2: Financial Metrics - Cash flow growth is crucial for growth-oriented companies, and Palomar's year-over-year cash flow growth stands at 45.1%, compared to the industry average of 15% [5] - The annualized cash flow growth rate for Palomar over the past 3-5 years is 25.5%, while the industry average is 11.5% [6] Group 3: Earnings Estimates - Positive trends in earnings estimate revisions are indicative of potential stock price movements, and Palomar's current-year earnings estimates have increased by 3.1% over the past month [8] - Palomar has achieved a Zacks Rank of 2 due to favorable earnings estimate revisions and has earned a Growth Score of B based on various metrics [10]

~ Full-Year 2025 Adjusted Net Income Guidance Increased to $195 Million to $205 Million ~ LA JOLLA, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced the successful completion of certain reinsurance programs incepting June 1, 2025, and increased the Company’s full year 2025 adjusted net income guidance. The Company has procured approximately $455 million of incremental limit to support the growth of its Earthquake franchise. Palomar’s ...

LA JOLLA, Calif., May 28, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in the William Blair Growth Stock Conference at the Loews Chicago Hotel on Wednesday, June 4, 2025. In addition to participating in one-on-one investor meetings, management is scheduled to present at 1:20 pm Central Time. Interested investors and other parties can access a liv ...

Palomar Holdings Inc. (PLMR) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. As of May 21, 2025, its share price was $161.54, down 2.1% from its 52-week high of $165.00.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of an uptrend or downtrend. Palomar aspires to be a dominant player in the crop insurance sector, targeting a position amo ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Financial Performance - Gross written premiums increased from $16.6 million in 2014 to $1.5 billion for the year ended December 31, 2024, reflecting a compound annual growth rate of approximately 57%[90] - Net income growth since 2016 reflects a compound annual growth rate of 43%[90] - Gross written premiums increased by $74.1 million, or 20.1%, to $442.2 million for the three months ended March 31, 2025, compared to $368.1 million for the same period in 2024[124] - Net written premiums rose by $71.5 million, or 51.1%, to $211.4 million for the three months ended March 31, 2025, from $139.9 million in the prior year[128] - Net earned premiums increased by $56.2 million, or 52.1%, to $164.1 million for the three months ended March 31, 2025, compared to $107.9 million for the same period in 2024[129] - Underwriting income surged by $19.1 million, or 76.6%, to $44.1 million for the three months ended March 31, 2025, from $25.0 million in the previous year[131] - Net income rose by $16.5 million, or 62.7%, to $42.9 million for the three months ended March 31, 2025, compared to $26.4 million for the same period in 2024[124] - Adjusted net income increased by $23.5 million, or 84.6%, to $51.3 million for the three months ended March 31, 2025, from $27.8 million in the prior year[124] - Total revenue for the three months ended March 31, 2025, was $174.6 million, up from $118.5 million in 2024, resulting in an underwriting revenue of $164.9 million compared to $108.4 million[141] Underwriting and Ratios - The combined ratio is defined as the sum of the loss ratio and the expense ratio, with a ratio under 100% indicating an underwriting profit[116] - Adjusted combined ratio excluding catastrophe losses is a non-GAAP financial measure that provides insight into underlying business trends[120] - The combined ratio improved to 73.1% for the three months ended March 31, 2025, down from 76.9% in the prior year[124] - Other underwriting expenses as a percentage of gross earned premiums increased to 9.5% for the three months ended March 31, 2025, compared to 8.2% for the same period in 2024[135] - The adjusted combined ratio improved to 68.5% for the three months ended March 31, 2025, from 73.0% in 2024[151] - Adjusted combined ratio excluding catastrophe losses improved to 68.9% in Q1 2025 from 69.8% in Q1 2024[157] Investment and Cash Flow - Net investment income rose by $4.9 million, or 69.1%, to $12.1 million for the three months ended March 31, 2025, from $7.1 million in the prior year[136] - The company incurred $2.3 million of net realized and unrealized losses on investments for the three months ended March 31, 2025, compared to $3.0 million of net realized and unrealized gains for the same period in 2024[137] - Cash provided by operating activities was $87.2 million for Q1 2025, significantly higher than $33.1 million in Q1 2024[173] - Cash used in investing activities was $51.9 million in Q1 2025, compared to $16.3 million in Q1 2024[173] - The company had $1,168.7 million in cash and investment securities available as of March 31, 2025[177] Equity and Dividends - Total stockholders' equity increased to $790.4 million as of March 31, 2025, up from $729.0 million at the end of 2024[184] - Tangible stockholders' equity rose to $765.5 million as of March 31, 2025, compared to $715.8 million at December 31, 2024[159] - PSIC subsidiary has the capacity to pay dividends of up to $99.6 million in 2025 without regulatory approval[162] - The maximum dividend available from PSRE during 2025 is approximately $4.2 million, subject to solvency requirements[168] Acquisitions and New Products - The company completed the acquisition of Advanced AgProtection in April 2025, enhancing its capabilities in the Crop insurance sector[92] - The company has introduced several new products, including Crop, Environmental Liability, and E&S Casualty, to diversify its portfolio[91] Reinsurance and Catastrophe Events - The company holds $895 million in multi-year indemnity-based reinsurance coverage for earthquake events, issued through Torrey Pines Re Ltd[191] - The catastrophe event retention is set at $20 million for earthquake events and $15.5 million for hurricane events[193] - The company’s reinsurance coverage exhausts at $3.2 billion for earthquake events, providing significant protection against catastrophic losses[193] - The company utilizes a mix of traditional reinsurers and insurance-linked securities, purchasing reinsurance from over 100 reinsurers[190] Investment Portfolio - The investment portfolio comprised $991.8 million in fixed maturity securities as of March 31, 2025, with a book yield of 4.65%[186] - The corporate and other fixed maturities represented 51.3% of the total fair value of available-for-sale investments as of March 31, 2025[187] - The fair value of AAA-rated securities increased to $139,730 thousand, accounting for 14.1% of the total fair value as of March 31, 2025, compared to 13.9% on December 31, 2024[188] - The fixed maturity portfolio has an average rating of at least "AA−," with approximately 73.7% rated "A−" or better as of March 31, 2025[198] - As of March 31, 2025, 1.4% of the fixed maturity portfolio was unrated or rated below investment grade, indicating a focus on high credit quality[198] - The estimated fair value of fixed maturities due within one year is $70,386 thousand, representing 7.1% of the total fair value[188]

Palomar (PLMR) Q1 2025 Earnings Call May 06, 2025 12:00 PM ET Company Participants Chris Uchida - Chief Financial OfficerMac Armstrong - Chairman, Chief Executive Officer & FounderJon Christianson - PresidentMeyer Shields - Managing DirectorPablo Singzon - Executive DirectorAndrew Andersen - Equity Research Vice President Conference Call Participants David Motemaden - Managing Director & Sr. Equity Research Analyst - Insurance & Business ServicesMark Hughes - Analyst Operator Good morning, and welcome to th ...

Palomar (PLMR) Q1 2025 Earnings Call May 06, 2025 12:00 PM ET Company Participants Chris Uchida - Chief Financial OfficerMac Armstrong - Chairman, Chief Executive Officer & FounderJon Christianson - PresidentMeyer Shields - Managing DirectorPablo Singzon - Executive DirectorAndrew Andersen - Equity Research Vice President Conference Call Participants David Motemaden - Managing Director & Sr. Equity Research Analyst - Insurance & Business ServicesMark Hughes - Analyst Operator Good morning, and welcome to th ...