Palomar Holdings ( (PLMR) ) has released its Q3 earnings. Here is a breakdown of the information Palomar Holdings presented to its investors.
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Palomar Holdings, Inc. is a specialty insurer offering residential and commercial property and casualty insurance products, known for its innovative approach and strong financial ratings. In its third quarter of 2025, Palomar reported a significant increase in net income, reaching $51.5 million, up from $30.5 million in the same period last year. The company also saw a 43.9% rise in gross written premiums, totaling $597.2 million. Key performance metrics highlighted a 70% increase in adjusted net income and an improved combined ratio of 78.1%. The company’s strategic initiatives, including the acquisition of The Gray Casualty and Surety Company, are expected to drive long-term growth and enhance its market position. Looking ahead, Palomar remains optimistic about its financial trajectory, projecting adjusted net income between $210 million and $215 million for the full year 2025.