Palomar Q3 Earnings, Revenues Top Estimates on Higher Premiums

Palomar Holdings, Inc.  (PLMR) reported third-quarter 2024 operating income of $1.23 per share, which beat the Zacks Consensus Estimate by 13.9%. The bottom line increased 33.7% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Palomar witnessed higher premiums, improved adjusted underwriting income and higher yields on invested assets, partly offset by higher losses and loss adjustment expenses, as well as underwriting expenses. Palomar incurred higher-than-expected c ...