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Stock impact report

Palomar Holdings, Inc. Reports Third Quarter 2019 Results

Palomar Holdings, Inc. - Common stock (PLMR) 
Last palomar holdings, inc. - common stock earnings: 2/18 04:10 pm Check Earnings Report
Company Research Source: GlobeNewswire
LA JOLLA, Calif., Nov. 04, 2019 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) reported net income of $7.5 million, or $0.31 per diluted share, for the third quarter of 2019 compared to net income of $1.6 million, or $0.09 per diluted share, for the third quarter of 2018. Adjusted net income(1) was $9.6 million, or $0.40 per diluted share, for the third quarter of 2019 as compared to $2.7 million, or $0.16 per diluted share, for the third quarter of 2018. Third Quarter 2019 Highlights Gross written premiums increased by 65.6% to $66.2 million compared to $40.0 million in the third quarter of 2018Net income increased by 376.0% to $7.5 million compared to $1.6 million in the third quarter of 2018Adjusted net income(1) increased by 253.2% to $9.6 million compared to $2.7 million in the third quarter of 2018Total loss ratio of 8.8% compared to 33.5% in the third quarter of 2018Combined ratio of 73.4% compared to 100.2% in the third quarter of 20 Show less Read more
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