Palomar Holdings Stock Price, News & Analysis

BCP announced an agreement to sell The Gray Casualty & Surety Company to Palomar Holdings (NASDAQ: PLMR). The transaction was approved by the boards of Gray Surety and Palomar and is expected to close in the first half of 2026, subject to regulatory approvals and customary closing conditions. Gray Surety, a Treasury-listed surety carrier, was acquired by BCP in 2021, is licensed in all 50 states, and operates through 13 regional offices. J.P. Morgan and Kirkland & Ellis advise Gray Surety; Evercore and DLA Piper advise Palomar. Additional details are available in the Form 8-K filed with the U.S. Securities and Exchange Commission.

Palomar Holdings (NASDAQ: PLMR) has agreed to acquire The Gray Casualty & Surety Company for $300 million in cash, subject to customary closing adjustments. The transaction was approved by both companies' boards and is expected to close during the first half of 2026, pending regulatory approvals and customary closing conditions.

Gray Surety is a Treasury-listed surety carrier licensed in 50 states, operating through thirteen regional offices and serving midsized and emerging contractors nationwide. Advisors for the deal were disclosed and additional documents are filed on the company 8-K and investor presentation online.

Palomar Holdings (NASDAQ: PLMR) will release its third quarter 2025 financial results after market close on Thursday, November 6, 2025.

The company will host a conference call on Friday, November 7, 2025 at 12:00 p.m. ET, available by phone (US: 1-877-423-9813; international: 1-201-689-8573) and via live webcast at the investor relations site https://ir.palomarspecialty.com/. A phone replay starts at 4:00 p.m. ET on November 7, 2025 through 11:59 p.m. ET on November 14, 2025 (replay passcode: 13755786).

Contact details: Media – Lindsay Conner (1-551-206-6217, lconner@plmr.com); Investor relations – Jamie Lillis (1-203-428-3223, investors@plmr.com).

Palomar Holdings (NASDAQ:PLMR), a specialty insurance company, announced its participation in the upcoming KBW Insurance Conference. Chairman and CEO Mac Armstrong and CFO Chris Uchida will engage in a fireside chat on September 4, 2025, at 10:35 am ET.

The company serves residential and commercial clients across five key product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Palomar's main insurance subsidiaries maintain an "A" (Excellent) rating from A.M. Best, while First Indemnity of America Insurance Co. holds an "A-" (Stable) rating.

Palomar Holdings (NASDAQ:PLMR) reported strong Q2 2025 results with net income of $46.5 million ($1.68 per diluted share), up from $25.7 million in Q2 2024. The company achieved significant growth with gross written premiums increasing 28.8% to $496.3 million.

Key performance metrics include a total loss ratio of 25.7%, a combined ratio of 78.8%, and an impressive adjusted return on equity of 23.7%. The company announced a new $150 million share repurchase program through July 2027 and raised its full-year 2025 adjusted net income guidance to $198-208 million.

The company's reinsurance program secured a favorable 10% rate decrease, and investment income grew 68% to $13.4 million. Stockholders' equity reached $847.2 million as of June 30, 2025.

Palomar Holdings (NASDAQ: PLMR) has scheduled its second quarter 2025 financial results announcement for Monday, August 4, 2025, after market close. The company will host a conference call on Tuesday, August 5, 2025, at 12:00 p.m. Eastern Time.

Investors can access the conference call by dialing 1-877-423-9813 (US) or 1-201-689-8573 (International). A replay will be available until August 12, 2025. Additionally, a simultaneous webcast will be accessible through the company's investor relations website.

Palomar operates as an innovative specialty insurer, offering services across five categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. The company's main insurance subsidiaries maintain an "A" (Excellent) rating from A.M. Best.

Palomar Holdings (NASDAQ: PLMR) has announced a strategic partnership with Neptune Flood, the largest private flood insurance provider in the United States. Under this agreement, Neptune will become Palomar's exclusive managing general agent for flood insurance.

The partnership combines Palomar's insurance expertise with Neptune's AI-driven technology and machine learning capabilities, aiming to provide an alternative to the National Flood Insurance Program. Neptune, which currently manages nearly 250,000 policies, will integrate Palomar's flood customers into their platform, offering enhanced coverage options and a streamlined quoting and binding experience for agents.

Palomar Holdings (NASDAQ: PLMR) has successfully completed its June 1, 2025 reinsurance programs and increased its full-year 2025 adjusted net income guidance. The company secured $455 million in incremental limit for its Earthquake franchise, bringing total coverage to $3.53 billion for earthquake events and $100 million for US hurricane events. The company reduced its hurricane event retention to $11 million from $15.5 million, while maintaining a $20 million earthquake event retention. Notably, Palomar's sixth Torrey Pines Re catastrophe bond issuance raised $525 million, exceeding their $425 million target. The company also executed its first standalone excess of loss treaty for Hawaii hurricane policies through Laulima Exchange. Based on these developments, Palomar raised its full-year 2025 adjusted net income guidance to $195-205 million from the previous $186-200 million range.

Palomar Holdings (NASDAQ: PLMR) has announced its participation in the upcoming William Blair 45th Annual Growth Stock Conference, scheduled for June 4, 2025, at the Loews Chicago Hotel. Chairman and CEO Mac Armstrong and CFO Chris Uchida will represent the company, engaging in one-on-one investor meetings and delivering a presentation at 1:20 PM Central Time. Investors can access the live presentation through Palomar's Investor Relations website, where a replay will also be available afterward.