Palomar (PLMR) Q2 Earnings Top Estimates on Improved Premiums

Palomar Holdings, Inc. (PLMR) reported second-quarter 2024 operating income of $1.25 per share, which beat the Zacks Consensus Estimate by 11.6%. The bottom line increased 45.3% year over year. Palomar witnessed improved premiums, increased adjusted underwriting income and higher yields on invested assets, partly offset by higher losses and loss adjustment expenses, as well as underwriting expenses. Behind the Headlines Total revenues improved 47.2% year over year to $131 million, mainly attributable to hig ...