7/107 sources · 5 publishersUpdated Nov 6, 02:00 UTC
Palomar reports record Q3 results and raises full-year profit guidance
Palomar Holdings reported third-quarter 2026 adjusted net income of $81.3 million and adjusted EPS of $3.01. Revenue rose 58% year over year to $386.6M, while gross written premiums increased 28.4% year over year to $767.0 million. The insurer raised full-year adjusted net income guidance to $280 million to $285 million.
Why it matters
The raised guidance gives investors a higher company-provided earnings framework for 2026, with Palomar saying the midpoint represents over 30% year-over-year growth. Catastrophe losses and slower casualty growth remain reported operating considerations.
Key facts
- 1Palomar reported adjusted net income of $81.3 million and adjusted EPS of $3.01 for Q3 2026, its 16th consecutive earnings beat according to the earnings-call material. finance.yahoo.com
- 2Revenue increased 58% year over year to $386.6M. financialcontent.com
- 3Gross written premiums rose 28.4% year over year to $767.0 million. financialcontent.com
- 4Full-year adjusted net income guidance was raised to $280 million to $285 million. finance.yahoo.com
- 5The adjusted combined ratio was 76%, and annualized adjusted return on equity was 33%. finance.yahoo.com
- 6Palomar incurred $4.5 million of catastrophe losses from Hawaii hurricanes and Midwest flooding. finance.yahoo.com
Open questions
- The revenue estimate differs across materials, with $373.3M cited in material 3 and $356.7M cited in material 4.
- Material 3 says net income EPS of $2.42 exceeded an analyst expectation of $2.60, although that comparison is numerically inconsistent.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.