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Stock impact report

Palomar's (PLMR) Q1 Earnings Top on Solid Underwriting [Yahoo! Finance]

Palomar Holdings, Inc. - Common stock (PLMR) 
Last palomar holdings, inc. - common stock earnings: 2/18 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Palomar witnessed improved premiums and net investment income. Premiums benefited from solid contributions from Crop and Casualty products. Behind the Headlines Total revenues improved 30.3% year over year to $116 million, mainly attributable to higher premiums and net investment income. The top line beat the Zacks Consensus Estimate by 6.4%. Gross written premiums increased 47.2% year over year to $368.1 million. Our estimate was $284.3 million. Net earned premiums increased 29.6% year over year to $93.7 million. Our estimate was $98.1 million. The Zacks Consensus Estimate was pegged at $105.1 million. Net investment income increased 39.4% year over year to $7.1 million, driven by higher yields on invested assets and a higher average balance of investments due to cash generated from operations. The Zacks Consensus Estimate was pegged at $7.9 million. Our estimate was $6.3 million. Palomar Holdings, Inc. Price, Consensus and EPS Surprise Palomar Holdings, Inc. price-con Show less Read more
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