Palomar Holdings, Inc. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Palomar reported Q2 2026 net income of $52.6M ($1.94/diluted share) vs. $46.5M ($1.68) in Q2 2025—a 13% increase. Adjusted net income grew 31.4% to $63.8M ($2.36/share) vs. $48.5M ($1.76). Gross written premiums rose 27% YoY to $630.5M. On July 30, 2026, the Board declared an initial quarterly dividend of $0.45/share (payable September 2, 2026). The company also drew a $295.8M term loan (evidenced on balance sheet as of June 30, 2026) and repurchased 368,719 shares for $41.0M in Q2. FY2026 adjusted net income guidance raised to $270–280M.
Why this rating
Strong Q2 execution (27% GWP growth, 31% adjusted NI growth) and raised guidance are positive. However, loss ratio deterioration (34.5% vs. 25.7% YoY) and new $296M debt offset upside. Dividend at ~0.45% annual yield is modest return. Relative to $4B market cap, results are solid but not transformational; debt incurrence and margin pressure warrant caution.
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