Palomar Holdings, Inc. — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Palomar reported Q3 2026 net income of $65.3M ($2.42/share) vs. $51.5M ($1.87/share) in Q3 2025. Adjusted net income was $81.3M ($3.01/share) vs. $55.2M ($2.01/share) prior year—a 47.4% increase. Gross written premiums grew 28.4% to $767.0M; net earned premiums surged 62.3% to $365.4M. The company raised its full-year 2026 adjusted net income guidance to $280M–$285M (from prior range). Loss ratio increased to 41.5% (vs. 32.3% prior year) due to higher attritional losses and catastrophe events in Hawaii/Midwest. Stockholders' equity rose to $985.0M. CEO noted this was the 16th consecutive earnings beat and 4th guidance increase for 2026.
Why this rating
Strong earnings growth (+47% adjusted NI) and 4th guidance raise demonstrate execution; however, rising loss ratios and interest expense (+$5M QoQ) offset. At ~$4B market cap, $81M adjusted quarterly net income is material. Growth-focused but underwriting margins compressed YoY.
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