Palomar Holdings Inc. (PLMR) stock surged 6.74% in post-market trading on Wednesday, following the release of the company's fourth quarter and full year 2025 financial results.

The specialty insurer reported adjusted earnings per share of $2.24 for the fourth quarter, beating analyst estimates of $2.09. Adjusted net income came in at $61.1 million, surpassing the consensus estimate of $57.2 million. Gross written premiums showed robust growth, increasing 31.8% year-over-year to $492.6 million.

Palomar's strong performance was driven by growth across its product portfolio, including casualty and crop insurance, as well as a 41.3% increase in net investment income. The company also provided a positive outlook for 2026, forecasting adjusted net income between $260 million and $275 million.