PLMR Palomar Holdings, Inc.
Price Chart
Executive Summary
Palomar Holdings announced the successful completion of its June 1, 2026, reinsurance renewal, securing $421M of incremental earthquake limit and raising full-year 2026 adjusted net income guidance to $266M-$280M (from $262M-$278M). The company also issued its seventh Torrey Pines Re catastrophe bond for $410M of protection, maintained event retentions at $20M (earthquake) and $11M (hurricane), and expanded the Laulima Hawaii hurricane XOL treaty to $865M. The updated investor presentation highlights Q1 2026 GWP of $629.8M (+42% YoY) and adjusted net income of $63.1M (+23% YoY).
Actionable Insight
The reinsurance renewal at improved economics with unchanged retentions removes a key overhang for PLMR heading into peak hurricane season. The guidance raise reinforces the 2X strategy trajectory. Watch for Q2 earnings to confirm margin stability and crop seasonality impact. The $200M buyback authorization provides downside support.
Key Facts
- Raised FY2026 adjusted net income guidance to $266M-$280M from $262M-$278M
- Secured ~$421M of incremental earthquake reinsurance limit; total earthquake coverage now $3.92B
- Issued seventh Torrey Pines Re catastrophe bond securing $410M of protection; $1.28B total multi-year ILS capacity
- Per-occurrence retentions unchanged at $20M (earthquake) and $11M (hurricane)
- Laulima Hawaii hurricane XOL treaty increased to $865M (+$130M YoY), including $50M via Torrey Pines Re
- Q1 2026 GWP $629.8M (+42% YoY); adjusted net income $63.1M (+23% YoY); adjusted combined ratio 76.0%
- Reinsurance panel of 100+ reinsurers/ILS investors, all A- rated or better or fully collateralized
- Board authorized new two-year $200M share repurchase program
Financial Impact
FY2026 adjusted net income guidance raised by $4M at midpoint to $273M, implying ~26% YoY growth from FY2025 actual of $216.1M
Risk Factors
- Catastrophe losses above retained limits could still impact earnings despite expanded coverage
- Crop seasonality may cause Q3 earnings volatility as loss ratio spikes seasonally
- Integration of Gray Surety acquisition and expansion into new lines carry execution risk
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-246399 |
| Document: plmr-ex99_1.htm | 0001193125-26-246399 |
| Document: plmr-ex99_2.htm | 0001193125-26-246399 |
| Document: 0001193125-26-246399-index-headers.html | 0001193125-26-246399 |
| Document: 0001193125-26-246399-index.html | 0001193125-26-246399 |
| Document: 0001193125-26-246399.txt | 0001193125-26-246399 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 29, 2026
14d ago
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8-K
| $107.04 $101.42 | ▼ −5.25% | ▼ −4.96% | $114.85 (+7.30%) |
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May 29, 2026
14d ago
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Press Release
| $107.04 $101.42 | ▼ −5.25% | ▼ −4.96% | $114.85 (+7.30%) |
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May 27, 2026
16d ago
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Press Release
| $109.63 $101.42 | ▼ −7.49% | ▼ −7.44% | $114.85 (+4.76%) |
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May 26, 2026
17d ago
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8-K
| $109.45 $101.42 | ▼ −7.34% | ▼ −7.81% | $114.85 (+4.93%) |
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May 26, 2026
17d ago
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3
| $114.51 $107.24 | ▼ −6.35% | ▼ −7.43% | $114.85 (+0.30%) |
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May 22, 2026
21d ago
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Insider Cluster
| $114.51 $107.24 | ▼ −6.35% | ▼ −7.43% | $114.85 (+0.30%) |
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May 22, 2026
21d ago
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Insider Cluster
| $114.51 $104.68 | ▼ −8.58% | ▼ −9.80% | $114.85 (+0.30%) |
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Apr 15, 2026
8w ago
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Insider Cluster
| $130.03 $129.04 | ▲ +0.76% | ▲ +2.40% | $114.85 (+11.67%) |
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Apr 10, 2026
9w ago
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DEFA14A
| $128.38 $132.41 | ▲ +3.14% | ▼ −0.16% | $114.85 (−10.54%) |
US Market Status
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