Overview

• Specialty insurer's Q4 adjusted EPS beat analyst expectations

• Adjusted net income for Q4 beat consensus

• Company's gross written premiums rose 31.8% yr/yr

Outlook

• Company expects full-year 2026 adjusted net income between $260 mln and $275 mln

• Company estimates $8 mln to $12 mln in catastrophe losses for 2026

Result Drivers

• PREMIUM GROWTH - Gross written premiums increased by 31.8% to $492.6 mln, driven by growth in casualty and crop insurance products

• INVESTMENT INCOME - Net investment income rose 41.3% to $16.0 mln, primarily due to higher yields and increased investment balances

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "buy"

• Wall Street's median 12-month price target for Palomar Holdings Inc is $168.00, about 30% above its February 10 closing price of $129.25

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nGNXqPMlS

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)