Welcome to our dedicated page for Palomar Holdings news (Ticker: PLMR), a resource for investors and traders seeking the latest updates and insights on Palomar Holdings stock.
Palomar Holdings, Inc. reports recurring developments as a specialty property and casualty insurance holding company serving residential and commercial clients. Company updates focus on five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop, along with the performance of insurance, reinsurance, agency, exchange and related underwriting subsidiaries.
Palomar news commonly covers quarterly and annual operating results, gross written premiums, net and adjusted income, loss ratios, catastrophe loss ratios, combined ratios and return on equity measures. Other recurring topics include capital-structure actions such as share repurchase programs, completed subsidiary acquisitions, investor presentations and conference participation.
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Palomar Holdings, Inc. (NASDAQ: PLMR) is set to release its first quarter 2023 results after market close on May 3, 2023. A live conference call will follow at 12:00 p.m. Eastern Time on May 4, 2023. Investors can join the call by dialing 1-877-423-9813, while international participants can call 1-201-689-8573. A replay of the call will be available post-event until May 11, 2023, with the passcode 13737957. Palomar Holdings operates various subsidiaries, including Palomar Specialty Insurance Company, which provides innovative insurance solutions, such as earthquake insurance. The company holds an “A-” (Excellent) financial strength rating from A.M. Best.
Palomar Holdings (NASDAQ: PLMR) announced the successful placement of approximately $187.5 million in excess of loss (XOL) reinsurance treaties, supporting its earthquake line of business. The coverage runs from April 1, 2023 to June 1, 2024, enhancing the company’s capacity for growth in this segment. CEO Mac Armstrong noted the orderly market conditions and favorable pricing during the placement. Palomar is also pursuing alternative risk transfer methods and will not renew its current aggregate XOL treaty, aiming to improve its risk profile by reducing exposure to U.S. hurricane risks.
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