PLMR•Palomar raised its 2026 adjusted net income guidance to $280 million-$285 million from $270 million-$280 million. Third-quarter adjusted net income rose 47% to $81.3 million, and gross written premiums increased 28.4% to $767 million.
Palomar raised its 2026 adjusted net income guidance to $280 million-$285 million, from $270 million-$280 million. Adjusted net income rose 47% to $81.3 million in the third quarter, while gross written premiums increased 28.4% to $767 million.
Management now expects approximately $425 million in annual crop premiums, up from its initial outlook of $320 million. Commercial earthquake renewal rates fell approximately 20%, while residential growth helped earthquake premiums increase 3%.
