Palomar Holdings, Inc. filed a Form 8-K on November 12, 2026, announcing an update to its corporate presentation. The filing details the company's financial performance for the third quarter of 2026 and provides guidance for the full year.
According to the attached investor presentation, Palomar reported Gross Written Premium (GWP) of $767.0 million for the third quarter, representing a 28% year-over-year increase. The company also reported Adjusted Net Income of $81.3 million, a 47% year-over-year increase. Diluted adjusted earnings per share (EPS) increased to $3.01, a 50% rise year-over-year. The company achieved an annualized Adjusted Return on Equity of 33% and maintained an Adjusted Combined Ratio of 76%.
The company declared a quarterly cash dividend of $0.45 per share, payable on December 2, 2026. Additionally, Palomar repurchased 70,000 shares for $8.9 million.
Palomar has raised its full-year 2026 Adjusted Net Income guidance to a range of $280 million to $285 million. The company stated that this guidance implies a 31% growth rate from 2025 based on the midpoint of the range. The presentation also outlines a strategy to double Adjusted Net Income every 3 to 5 years while sustaining an Adjusted Return on Equity above 20%.
The filing includes a detailed overview of the company's diversified business mix, which includes Earthquake, Casualty, Inland Marine, Property, Crop, and Surety & Credit products. The company highlighted its disciplined approach to reinsurance, noting that it renewed five treaties and completed one new placement. Recent activity included net losses of $3.0 million across three storms in Hawaii, with limited losses into the reinsurance tower.
The presentation also details the company's investment portfolio, which has a Weighted Average Duration of 4.6 years and an average Fixed Income Book Yield of 5.1%. New money yields are reported to be over 5%.
