Palomar Holdings Inc. (PLMR) Misses Q3 EPS by 9c, Revenues Beat

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Go back to Palomar Holdings Inc. (PLMR) Misses Q3 EPS by 9c, Revenues Beat

Palomar Holdings, Inc. Reports Third Quarter 2019 Results

November 4, 2019 4:10 PM EST

LA JOLLA, Calif., Nov. 04, 2019 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (Palomar or the Company) reported net income of $7.5 million, or $0.31 per diluted share, for the third quarter of 2019 compared to net income of $1.6 million, or $0.09 per diluted share, for the third quarter of 2018. Adjusted net income(1) was $9.6 million, or $0.40 per diluted share, for the third quarter of 2019 as compared to $2.7 million, or $0.16 per diluted share, for the third quarter of 2018.

Third Quarter 2019 Highlights

Gross written premiums increased by 65.6% to $66.2... More