Palomar Holdings, Inc. (NASDAQ:PLMR) Q4 2020 Earnings Conference Call February 25, 2021 12:00 PM ET Company Participants Chris Uchida – Chief Financial Officer Mac Armstrong – Chairman, Founder and Chief Executive Officer Conference Call Participants Matt Carletti – JMP David Motemaden – Evercore ISI Mark Hughes – Truist Jeff Schmitt – William Blair Tracy Benguigui – Barclays Meyer Shields – KBW Paul Newsome – Piper Sandler Adam Klauber – William Blair Operator Good morning, and welcome to the Palomar Holdi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38873 Palomar Holdings, Inc. (Exact name of registrant as specified in its charter) ...

Palomar Holdings, Inc. (NASDAQ:PLMR) Q3 2020 Results Conference Call November 11, 2020 12:00 PM ET Company Participants Chris Uchida - CFO Mac Armstrong - CEO Conference Call Participants Matt Carletti - JMP Securities Paul Newsome - Piper Sandler Mark Hughes - Truist Securities David Motemaden - Evercore Meyer Shields - KBW Adam Klauber - William Blair Operator Good morning, and welcome to Palomar Holdings, Inc.'s Third Quarter 2020 Earnings Conference Call. During today's presentation, all parties will be ...

Palomar Holdings, Inc. (NASDAQ:PLMR) Q2 2020 Earnings Conference Call August 5, 2020 12:00 PM ET Company Participants Chris Uchida - CFO Mac Armstrong - Founder, CEO and Director Conference Call Participants Matt Carletti - JMP Securities Mark Hughes - Truist Securities Jeff Schmitt - William Blair Meyer Shields - KBW David Motemaden - Evercore Operator Good morning, and welcome to Palomar Holdings, Inc.'s Second Quarter 2020 Earnings Conference Call. During today's presentation all parties will be in a lis ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38873 Palomar Holdings, Inc. (Exact name of registrant as specified in its charter) (S ...

Palomar INVESTOR PRESENTATION May 2020 DISCLAIMER This presentation shall not constitute an offer to sell or the solicitation of an offer to buy Palomar Holdings, Inc.'s (the "Company") securities, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. If a securities offering is launched in the future, you should rely o ...

Financial Data and Key Metrics Changes - For Q1 2020, net income was $11.8 million or $0.48 per share, compared to a net loss of $14.4 million or a loss of $0.85 per share in Q1 2019 [24] - Adjusted net income for Q1 2020 was $12.3 million or $0.50 per share, up from $8.8 million or $0.52 per share in Q1 2019 [24] - Gross written premiums increased by 32.3% year-over-year to $71.5 million, with a 50.8% increase when excluding the impact of a prior year partnership [16][26] - Net earned premiums for Q1 2020 were $34.8 million, an increase of 89.7% compared to the prior year [29] Business Line Data and Key Metrics Changes - Residential Earthquake products grew by 26.7% year-over-year, while Commercial Earthquake and Commercial All Risk lines saw growth in gross written premiums of 66% and 65%, respectively [16][17] - Premium retention rates were 90% for the entire book, with retention for Residential Earthquake, Commercial Earthquake, and Hawaiian Hurricane products exceeding 94% [17] - Loss and loss adjustment expenses totaled $1.9 million, resulting in a loss ratio of 5.4% for the quarter [18][31] Market Data and Key Metrics Changes - The company experienced a 12.7% increase in commercial policy composite rates on renewals, up from 11.2% in the previous quarter [17] - The distribution footprint grew by 6% in Q1 2020, with significant increases in commercial lines, particularly a 22% increase in Commercial All Risk producers [48][57] Company Strategy and Development Direction - The company aims to build a leader in the specialty property market, focusing on expanding geographic reach and investing in new segments like Inland Marine [15] - The management emphasized the importance of maintaining a strong reinsurance program and capital position to navigate market dislocations [50][61] - The company is exploring new emerging segments and adapting to changes in remote work dynamics, which may create new insurance needs [76] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the uncertainty brought by COVID-19 but remains focused on long-term opportunities and serving stakeholders [21][38] - The company anticipates adjusted net income growth of 33% to 40% year-over-year for 2020, assuming no major losses from natural catastrophes [38] - Management expressed confidence in their underwriting approach, particularly regarding the inclusion of virus exclusions in policies [55] Other Important Information - The company raised $35.5 million in capital from a follow-on offering and remains debt-free with a strong balance sheet [19] - The effective tax rate for Q1 2020 was 22.3%, compared to a negative 1% in the prior year [36] Q&A Session Summary Question: What sort of take rate have you seen on the offer of a grace period on your policies? - Management indicated that tracking the take rate has been challenging, but retention rates appear consistent with a modest uptick [41][43] Question: Any detail on the timing of XOL purchases and their impact? - Management noted that the favorable results in Q1 were driven by growth in written premiums, with expectations for the ratio to remain around 50% annually [46][47] Question: What are the market conditions in California and opportunities in Commercial Quake? - Management highlighted ongoing dislocation in the commercial property market, which is expected to create more opportunities in the latter half of the year [49] Question: Any thoughts on the impact of the Utah earthquake on market demand? - Management observed a surge in new business following the Utah earthquake, although the overall market size remains small compared to California [52] Question: How is the company approaching risk in light of recent events? - Management reaffirmed confidence in their underwriting practices, particularly regarding virus exclusions, and plans to continue underwriting certain classes [55] Question: Can you provide details on distribution growth and its components? - Management confirmed a 6% increase in distribution footprint, with notable growth in commercial lines and a mix of wholesale and retail channels [57] Question: Are there new opportunities arising from COVID-19? - Management acknowledged potential new risks and opportunities in existing markets, particularly related to remote work dynamics [76]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38873 Palomar Holdings, Inc. (Exact name of registrant as specified in its charter) D ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 001-38873 Palomar Holdings, Inc. (Exact name of registrant as specified in its charter) (State or ...

Palomar Holdings Inc (NASDAQ:PLMR) Q4 2019 Results Conference Call February 19, 2020 12:00 PM ET Company Participants Mac Armstrong - Chief Executive Officer Christopher Uchida - Chief Financial Officer Conference Call Participants Mark Hughes - SunTrust Robinson Humphrey Paul Newsome - Sandler O'Neill David Motemaden - Evercore ISI Jeff Schmitt - William Blair Meyer Shields - KBW Matthew Carletti - JMP Securities Operator Good morning, and welcome to the Palomar Holdings Incorporated Fourth Quarter and Fu ...