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8-K ·Filed May 29, 2026

PLMR

Palomar Holdings, Inc.
BULLISH
Impact 7/10
Horizonweeks Processed5mo ago SEC0001193125-26-246399
8-K context-dependent: Items 7.01, 8.01
Actionable Insight ▲ Bullish

The reinsurance renewal at improved economics with unchanged retentions removes a key overhang for PLMR heading into peak hurricane season. The guidance raise reinforces the 2X strategy trajectory. Watch for Q2 earnings to confirm margin stability and crop seasonality impact. The $200M buyback authorization provides downside support.

DirectionBullish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
PLMR ▲ +24.28% at T+60d
LONG call ✓ call won +24.28% · α vs SPY +23.10% · entry $107.04 → $133.03
Entry = T+0 close
May 29, 2026
via day close
T+1d
+0.19%
call +0.19% · α -0.09%
$107.24
settled 5mo ago
T+5d
-5.25%
call -5.25% · α -4.96%
$101.42
settled 5mo ago
T+20d
+18.02%
call +18.02% · α +19.82%
$126.33
settled 4mo ago
T+60d
+24.28%
call +24.28% · α +23.10%
$133.03
settled 2mo ago

Price Chart

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Executive Summary

Palomar Holdings announced the successful completion of its June 1, 2026, reinsurance renewal, securing $421M of incremental earthquake limit and raising full-year 2026 adjusted net income guidance to $266M-$280M (from $262M-$278M). The company also issued its seventh Torrey Pines Re catastrophe bond for $410M of protection, maintained event retentions at $20M (earthquake) and $11M (hurricane), and expanded the Laulima Hawaii hurricane XOL treaty to $865M. The updated investor presentation highlights Q1 2026 GWP of $629.8M (+42% YoY) and adjusted net income of $63.1M (+23% YoY).

Key Facts

  • Raised FY2026 adjusted net income guidance to $266M-$280M from $262M-$278M
  • Secured ~$421M of incremental earthquake reinsurance limit; total earthquake coverage now $3.92B
  • Issued seventh Torrey Pines Re catastrophe bond securing $410M of protection; $1.28B total multi-year ILS capacity
  • Per-occurrence retentions unchanged at $20M (earthquake) and $11M (hurricane)
  • Laulima Hawaii hurricane XOL treaty increased to $865M (+$130M YoY), including $50M via Torrey Pines Re
  • Q1 2026 GWP $629.8M (+42% YoY); adjusted net income $63.1M (+23% YoY); adjusted combined ratio 76.0%
  • Reinsurance panel of 100+ reinsurers/ILS investors, all A- rated or better or fully collateralized
  • Board authorized new two-year $200M share repurchase program

Financial Impact

FY2026 adjusted net income guidance raised by $4M at midpoint to $273M, implying ~26% YoY growth from FY2025 actual of $216.1M

adjusted net incomegross written premiumsreinsurance capacitycatastrophe retention levels

Risk Factors

  • Catastrophe losses above retained limits could still impact earnings despite expanded coverage
  • Crop seasonality may cause Q3 earnings volatility as loss ratio spikes seasonally
  • Integration of Gray Surety acquisition and expansion into new lines carry execution risk

Market Snapshot

Exchange
Nasdaq
Sector
Fire, Marine & Casualty Insurance
Analyst Consensus
86% bullish (14 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-246399
Document: plmr-ex99_1.htm0001193125-26-246399
Document: plmr-ex99_2.htm0001193125-26-246399
Document: 0001193125-26-246399-index-headers.html0001193125-26-246399
Document: 0001193125-26-246399-index.html0001193125-26-246399
Document: 0001193125-26-246399.txt0001193125-26-246399
17 reports for PLMR
Performance horizon
75% Hit rate @ T+20 3 of 4 directional calls Went positive at some point 4 of 4 best @ T+60▲ +24.28%May 29, 2026
Filters
Rows
Reports for PLMR — sortable, filterable
TypeNow
Aug 24, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$131.76 $127.21▼ −3.45%▼ −3.70%$136.52 (+3.62%)
Aug 20, 2026
9w ago
Insider Cluster
NEUTRAL ★ 2/10
$130.09 $134.09▲ +3.07%▲ +2.06%$136.52 (+4.94%)
Aug 10, 2026
11w ago
8-K
BULLISH ★ 6/10
$131.69 $133.11▲ +1.08%▲ +2.14%$136.52 (+3.67%)
Aug 4, 2026
11w ago
Press Release
BULLISH ★ 6/10
$134.00 $132.12▼ −1.40%▼ −0.80%$136.52 (+1.88%)
Jul 28, 2026
12w ago
Press Release
NEUTRAL ★ 1/10
$142.91 $131.82▼ −7.76%▼ −12.78%$136.52 (−4.47%)
Jul 22, 2026
13w ago
Insider Cluster
NEUTRAL ★ 2/10
$129.18 $128.87▼ −0.24%▼ −3.55%$136.52 (+5.68%)
Jul 21, 2026
13w ago
Insider Cluster
NEUTRAL ★ 4/10
$130.45 $126.88▼ −2.74%▼ −5.63%$136.52 (+4.65%)
Jul 6, 2026
16w ago
Insider Cluster
NEUTRAL ★ 2/10
$145.29 $136.51▼ −6.04%▼ −7.38%$136.52 (−6.04%)
May 29, 2026
21w ago
8-K
BULLISH ★ 7/10
$107.04 $126.33▲ +18.02%▲ +19.82%$136.52 (+27.54%)
May 29, 2026
21w ago
Press Release
BULLISH ★ 6/10
$107.04 $126.33▲ +18.02%▲ +19.82%$136.52 (+27.54%)
Showing 10 of 17

US Market Status

Market Open — Closes in 4h 27m

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Report published May 29, 2026