Palomar Holdings SEC Filings

Palomar Holdings, Inc.’s Chief Risk Officer Jonathan Knutzen reported routine equity compensation activity. On May 18, 2026, 612 Restricted Stock Units converted into an equal number of Palomar common shares at an exercise price of $0.0000 per share.

To satisfy minimum statutory tax withholding obligations from this vesting, the company automatically sold 281 shares on his behalf at $115.26 per share under a mandatory sell-to-cover provision, rather than a discretionary open-market trade. After these transactions, Knutzen directly holds 27,934 common shares and 1,224 RSUs, including 1,410 shares acquired through the 2019 Employee Stock Purchase Plan.

Palomar Holdings, Inc. Chief Financial Officer T Christopher Uchida reported routine equity compensation activity involving restricted stock units (RSUs). On May 18, 2026, 1,530 RSUs were exercised at $0.00 and converted into common stock. The Company then automatically sold 783 shares at $115.26 per share under a mandatory sell-to-cover provision to satisfy minimum statutory tax withholding triggered by the vesting event. Following these transactions, Uchida directly holds 15,499 shares of common stock and 3,060 RSUs, reflecting ongoing multi-year vesting from a November 18, 2021 grant.

Palomar Holdings president Jon Christianson reported routine equity compensation activity involving restricted stock units (RSUs). On May 18, 2026, 1,020 RSUs vested and converted into common stock at a stated price of $0.00 per share, increasing his direct holdings.

On the same date, 522 shares were automatically sold at $115.26 per share under a mandatory sell-to-cover provision to satisfy minimum tax withholding obligations, according to the company. After these transactions, his direct common stock holdings were reported at 66,478 shares, which include 2,471 shares acquired through the 2019 Employee Stock Purchase Plan. The RSU award originally covered 20,396 units with vesting over several years, and 2,040 RSUs remain outstanding after this vesting event.

Morgan Stanley Smith Barney LLC Executive Financial Services filed a Form 144 notice showing proposed sale of 1,020 shares of restricted common stock on 05/18/2026 reported as compensation. The filing also lists recent sales by Jon Christianson: 522 shares on 02/18/2026, 3,000 shares on 04/07/2026, and 1,937 shares on 04/15/2026.

Morgan Stanley Smith Barney LLC notice of proposed sale of restricted common stock by an issuer-affiliated holder. The filing lists 1,530 shares of Restricted Stock with an intended sale date of 05/18/2026 and identifies the transaction as Compensation. The filing also discloses that 783 shares were sold on 02/18/2026.

Palomar Holdings, Inc. reported Q1 2026 net income of $42.9M, essentially flat versus Q1 2025, with diluted EPS of $1.57 in both periods. Strong premium growth drove scale: gross written premiums rose to $629.8M and net earned premiums to $261.4M, up about 40–60% year over year.

Profitability softened as the combined ratio increased to 84.5% from 73.1%, reflecting higher non‑catastrophe losses and rising acquisition and underwriting expenses. Adjusted net income improved to $63.1M, supported by higher net investment income.

Palomar closed the Gray Surety acquisition, adding surety scale and generating $121.2M of goodwill and $50.2M of intangibles. To fund the deal, the company entered a new $450M credit agreement and had $297.4M outstanding on its term loan at quarter‑end. Total assets reached $3.61B and stockholders’ equity $959.0M.

Palomar Holdings reported flat GAAP profit but strong growth and a larger capital return plan. Net income for first quarter 2026 was $42.9 million, or $1.57 per diluted share, unchanged from a year earlier, while adjusted net income rose 23.1% to $63.1 million, or $2.31 per diluted share.

Gross written premiums grew 42.4% to $629.8 million and net earned premiums increased 59.3%, though the combined ratio worsened to 84.5% from 73.1% as the loss ratio moved to 33.3%. Annualized return on equity was 18.1%, with annualized adjusted return on equity at 26.6%.

The company generated net investment income of $18.0 million, up 49.0%, and ended March 31, 2026 with stockholders’ equity of $959.0 million. It repurchased 190,255 shares for $23.1 million in the quarter and announced a new share repurchase program authorizing up to $200 million of common stock through May 6, 2028, replacing the prior program. Management guided to full-year 2026 adjusted net income of $262 million to $278 million, including an estimated $8 million to $12 million of catastrophe losses.

Palomar Holdings Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 1,401,561 shares of Common Stock, representing 5.25% of the class. The filing states Vanguard has sole voting power for 203,024 shares and sole dispositive power for 1,401,561 shares.

The disclosure attributes holdings to Vanguard Capital Management and named affiliates and notes these include securities held by Vanguard funds and managed accounts. The filing is signed by a Vanguard officer on 04/30/2026.

Palomar Holdings, Inc. director and CEO Mac Armstrong reported indirect open-market sales of 3,500 shares of Palomar common stock held by the Armstrong Family Trust on April 21, 2026. The shares, reported as RSUs, were sold in three trades at weighted-average prices around $129.91, $131.11, and $131.73, within specified intraday price ranges.

Following these transactions, Armstrong’s reported direct ownership was 102,059 shares, which includes 2,754 shares purchased under the company’s 2019 Employee Stock Purchase Plan. Indirect holdings by the Armstrong Family Trust were reported at up to 338,266 shares after the sales.