Palomar Holdings Inc. (PLMR) Tops Q2 EPS by 16c; offers guidance

Palomar Holdings Inc. (NASDAQ: PLMR) reported Q2 EPS of $1.25, $0.16 better than the analyst estimate of $1.09. Revenue for the quarter came in at $385.18 million versus the consensus estimate of $338.74 million.

GUIDANCE

Full Year 2024 Outlook
For the full year 2024, the Company is increasing its guidance range and now expects to achieve adjusted net income of $124 million to $130 million. This range includes $6.8 million of catastrophe losses incurred during the six months ended June 30, 2024 and additional catastrophe losses incurred during the third quarter of 2024 of approximately $5 million to $7 million related to Hurricanes Beryl and Debby.

For earnings history and earnings-related data on Palomar Holdings Inc. (PLMR) click here.

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