Palomar Q3 Earnings, Revenues Top Estimates on Higher Premiums
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Palomar Holdings, Inc. (PLMR) reported Q3 earnings and revenues that exceeded estimates, driven by higher premiums, improved adjusted underwriting income, and increased yields on invested assets. However, these gains were partially offset by higher catastrophe losses.
November 05, 2024 | 5:45 pm
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Palomar Holdings reported better-than-expected Q3 earnings and revenues, driven by higher premiums and improved underwriting income, despite facing higher catastrophe losses.
The positive earnings and revenue results, driven by higher premiums and improved underwriting income, suggest a strong financial performance for Palomar Holdings. Despite the offset from higher catastrophe losses, the overall impact is likely positive for the stock price in the short term.
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