Accessibility StatementSkip Navigation BATON ROUGE, La., Oct. 30, 2025 /PRNewswire/ --Â BCP, a services and infrastructure-focused private equity management firm, today announced an agreement to sell The Gray Casualty & Surety Company ("Gray Surety"), a leading surety bond provider for midsized and emerging contractors, to Palomar Holdings, Inc. (NASDAQ: PLMR) ("Palomar"). The transaction has been approved by both Gray Surety and Palomar's boards of directors and is expected to close during the first half o ...

Builds Scale in the Attractive Surety MarketLA JOLLA, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”, the “Company”) today announced that it has entered into a definitive agreement to acquire The Gray Casualty & Surety Company (“Gray Surety”) from Bernhard Capital Partners (“BCP”) and The Gray Insurance Company for total consideration of $300 million in cash subject to customary closing adjustments. The transaction has been approved by both Gray Surety and Palomar ...

Fred Alger Management, an investment management company, released its “Alger Weatherbie Specialized Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their upward trajectory in the quarter, with the S&P 500 Index surging 8.12%. Class A shares of the fund underperformed the Russell 2500 Growth Index during the third quarter of 2025. In addition, please check the fund’s top five holdings to know its best picks in 2025. In its third-quarter ...

LA JOLLA, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its third quarter 2025 results after market close on Thursday, November 6, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Friday, November 7, 2025. The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the Palomar Third Quarter 2025 Earning ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Palomar (PLMR) reports results for the quarter ended September 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock m ...

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Conestoga Capital Advisors, an asset management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets continued their momentum that began in early April, reaching new all-time highs in the third quarter. The Conestoga Micro-Cap Composite returned 11.7% net-of-fees in the third quarter, compared to the Russell Microcap Growth Index’s return of 19.9%. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2 ...

Industry Overview - The Zacks Property and Casualty Insurance industry ranks within the top 17% of 245 Zacks industries, currently holding a Zack Industry Rank of 42, indicating strong growth potential driven by better pricing, prudent underwriting, increased exposure, and ongoing economic expansion [1] Price Performance - The property and casualty (P&C) insurance industry has returned 6.4% over the past year, underperforming the Finance sector's growth of 17.9% and the Zacks S&P 500 composite's rise of 18.4% [2] - Notable performers include Palomar Holdings, Inc. (PLMR), W.R. Berkley Corporation (WRB), and Axis Capital Holdings Limited (AXS), which have outperformed both the industry and the sector [2] Driving Forces - Global commercial insurance rates fell by 4% in Q2 2025, marking the fourth consecutive decline after seven years of increases [3] - Gross premiums in the insurance sector are projected to exceed $722 billion by 2030, driven by price hikes, operational strength, and strong renewal rates [3] Catastrophe Losses - Global insured losses from natural catastrophes reached $80 billion in the first half of 2025, nearly double the 10-year average, with severe convective storms accounting for $31 billion [4] - Total global economic losses from natural catastrophes increased to $162 billion in the first half of 2025, which continues to drive policy renewal rates [4] Interest Rate Environment - The Federal Reserve cut rates by 25 basis points to a range of 4-4.25%, with expectations for two more cuts in 2025, which is beneficial for insurers with large invested asset bases [6][7] - An improving rate environment is advantageous for long-tail insurers, enhancing their investment income [7] Technological Investments - Insurers are heavily investing in technology, including blockchain, AI, and insurtech solutions, to improve efficiency and profitability, with projections of generating around $4.7 billion in annual global premiums from AI-related insurance by 2032 [9] Company Highlights Palomar Holdings, Inc. (PLMR) - PLMR focuses on catastrophe insurance and is well-positioned for growth due to strong premium retention, geographic expansion, and better pricing [11] - The company expects adjusted net income between $198 million and $205 million in 2025, with a projected revenue growth of 46.9% and 27.4% for 2025 and 2026, respectively [12][13] W.R. Berkley Corporation (WRB) - WRB is one of the largest commercial lines property casualty insurance providers, benefiting from premium increases and international market growth [14][15] - The consensus estimate for WRB's 2025 revenues is $14.64 billion, reflecting an 8.2% year-over-year improvement [16] Axis Capital Holdings Limited (AXS) - AXS provides a broad range of specialty insurance and reinsurance solutions, with a focus on growth in attractive lines and underwriting excellence [19][20] - The consensus estimate for AXS's 2025 revenues is $6.43 billion, indicating a year-over-year improvement of 5.5% [21]

Industry Overview - The property and casualty (P&C) insurance industry is experiencing an increase in catastrophic events, alongside a recent 25 basis points rate cut by the Fed, with indications of two more cuts in 2025 [1] - Despite challenges, the industry is expected to grow due to a shift towards personalized offerings and enhanced customer engagement through digital advancements [1] - Insurers are maintaining profitability through increased premium volumes, strong policyholder retention, and favorable rate environments [1] Heritage Insurance Holdings (HRTG) - HRTG is focusing on profitability by maintaining rate adequacy, applying stringent underwriting criteria, and limiting new policy issuance in saturated markets [3] - The company plans to cautiously resume personal lines underwriting in Florida and the Northeast due to recent legislative changes and a more favorable reinsurance environment [4] - HRTG aims to re-enter high-margin markets in 2025 while emphasizing rate integrity, data-driven exposure management, and operational efficiency [4] - The excess and surplus (E&S) lines segment is a significant growth driver as HRTG expands into new states and improves reinsurance cost efficiency [5] - HRTG is investing in technology to enhance InsurTech capabilities, including predictive modeling and cloud-based systems [6] - The Zacks Consensus Estimate for HRTG's 2025 revenues and EPS indicates a year-over-year increase of 3.1% and 104%, respectively [14] Palomar Holdings (PLMR) - PLMR is leveraging data analytics and underwriting prudence to capitalize on market dislocations, focusing on specialty lines to lower operational volatility [7] - The company aims to be a leader in the crop business, projecting over $200 million in premiums for 2025 and $500 million in the intermediate future [10] - PLMR's investment income is growing due to an increased average balance of investments and higher yields on invested assets [11] - The company maintains a strong capital position with a debt-free balance sheet and engages in share buybacks [13] - The Zacks Consensus Estimate for PLMR's 2025 revenues implies a year-over-year increase of 47%, with EPS expected to rise by 42.6% [16] Comparative Analysis - HRTG shows higher return on equity (ROE) at 33.4% compared to PLMR's 22.6%, indicating better efficiency in generating profit from shareholders' equity [18] - HRTG shares have gained 105.6% year-to-date, outperforming PLMR's 9% gain, and HRTG shares are considered less expensive than PLMR's [19] - HRTG is rated as a Zacks Rank 1 (Strong Buy), while PLMR holds a Zacks Rank 3 (Hold), suggesting HRTG may be a safer investment for higher returns [19]

Core Insights - Palomar Holdings, Inc. (PLMR) shares have increased by 18.4% over the past year, outperforming the Finance sector's growth of 18.2% but underperforming the Zacks S&P 500 composite's growth of 18.8% [1] - The company has a market capitalization of $3.10 billion and an average trading volume of 0.3 million shares over the last three months [1] - Palomar has consistently beaten earnings estimates in the past four quarters, with an average surprise of 14.71% [1] Valuation - PLMR shares are trading at a price-to-book value of 3.66X, which is significantly higher than the industry average of 1.55X, indicating a premium valuation [2] - Other insurers such as The Allstate Corporation, W.R. Berkley Corporation, and The Progressive Corporation are also trading at multiples above the industry average [2] Growth Projections - The Zacks Consensus Estimate for Palomar's 2025 earnings per share indicates a year-over-year increase of 42.6%, with revenues projected to reach $807.24 million, reflecting a 46.9% increase [3] - For 2026, earnings per share and revenues are expected to increase by 15.9% and 27.4%, respectively, compared to 2025 estimates [3] - Palomar Holdings has a Growth Score of B, indicating strong growth prospects [4] Analyst Sentiment - Four out of six analysts covering PLMR have raised their earnings estimates for 2025, and three out of five have done so for 2026 in the past 60 days, leading to a 1.9% and 0.3% increase in consensus estimates for those years [5] Financial Guidance - The company expects adjusted net income for 2025 to be between $198 million and $205 million, supported by rising policy volume and strong retention rates [7][16] - PLMR anticipates that crop insurance will contribute approximately $200 million in premiums by 2025 [13] Return on Capital - Palomar's return on equity stands at 20.3%, significantly higher than the industry average of 7.6%, and the return on invested capital is 19.6%, compared to the industry average of 5.9% [11] Strategic Initiatives - The company is focusing on its fee-based platform, PLMR-FRONT, to drive medium-term growth and strengthen its earnings foundation [12] - PLMR identifies Surety as a long-term growth opportunity, which is not correlated with traditional property and casualty insurance cycles, providing diversification [14] - The insurer maintains a strong capital position and a debt-free balance sheet, which supports its shareholder return initiatives, including share buybacks [15] Market Positioning - Palomar Holdings is positioning itself as a key player in the crop insurance sector, with ongoing geographic expansion and strategic partnerships expected to fuel its growth momentum [17] - The company leverages reinsurance to mitigate risk exposure, allowing it to underwrite policies effectively while managing potential losses [18]