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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Gross written premiums | $492.63 mln | ||
Q4 Adjusted EPS | Beat | $2.24 | $2.09 (8 Analysts) |
Q4 EPS | $2.06 | ||
Q4 Adjusted Net Income | Beat | $61.12 mln | $57.21 mln (7 Analysts) |
Q4 Net Income | $56.17 mln |
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.)