Palomar Holdings' second quarter EPS beat estimates on strong 27% premium growth, but loss ratio rises.

Palomar Holdings reported second quarter 2026 diluted EPS of $1.94 on net earned premiums of $287.0 million, beating analyst estimates. The company posted strong top-line growth, raised its full-year 2026 outlook, and initiated a new quarterly dividend.

Key Highlights

• Gross written premiums grew 27.0% year-over-year to $630.5 million, while net earned premiums increased 59.5% to $287.0 million.
• The GAAP loss ratio, a key focus for investors, increased to 34.5% from 25.7% in the prior-year quarter.
• Palomar raised its full-year 2026 adjusted net income guidance to a range of $270 million to $280 million and initiated a quarterly dividend of $0.45 per share.