Brief: Palomar Q2 Adjusted EPS USD 1.76 Vs. IBES Estimate USD 1.67

Palomar Holdings

04/08/2025 21:12

Overview

Palomar Q2 gross written premiums rise 28.8% yr/yr

Adjusted EPS for Q2 beats analyst expectations, per LSEG data

Co announced $150 mln share repurchase program effective July 31, 2025, reflecting confidence in growth

Outlook

Company expects 2025 adjusted net income of $198 mln to $208 mln

Palomar estimates $8 mln to $12 mln in catastrophe losses for 2025

Palomar anticipates consistent earnings through 2025 into 2026

Result Drivers

GROSS WRITTEN PREMIUMS - Increased 28.8% to $496.3 mln, driven by diverse portfolio growth

REINSURANCE PROGRAM - Successful execution at a 10% adjusted rate decrease, aiding consistent earnings

INVESTMENTS - Co continues to invest in talent and operational scale, enhancing near and long-term prospects

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross written premiums
$496.29 mln
Q2 Adjusted EPS
Beat
$1.76
$1.67 (9 Analysts)
Q2 EPS
$1.68
Q2 Adjusted Net Income
Beat
$48.53 mln
$45.80 mln (8 Analysts)
Q2 Net Income
$46.53 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Palomar Holdings Inc is $188.00, about 31.1% above its August 1 closing price of $129.62

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nGNX6CYhl1

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)