Palomar Holdings Inc. (PLMR) Tops Q2 EPS by 3c, Revenues Beat; Affirms FY20 Net Income Outlook

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Go back to Palomar Holdings Inc. (PLMR) Tops Q2 EPS by 3c, Revenues Beat; Affirms FY20 Net Income Outlook

Palomar Holdings, Inc. Reports Second Quarter 2020 Results

August 4, 2020 4:11 PM EDT

LA JOLLA, Calif., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (Palomar or the Company) reported net income of $12.0 million, or $0.48 per diluted share, for the second quarter of 2020 compared to a net income of $6.7 million, or $0.30 per diluted share, for the second quarter of 2019. Adjusted net income(1) was $13.0 million, or $0.52 per diluted share, an increase of 63.0% for the second quarter of 2020 as compared to $8.0 million, or $0.36 per diluted share, for the second quarter of 2019. 

Second Quarter 2020 Highlights

Gross... More