Palomar publishes transcript of Q2 2026 earnings call

Palomar transcript from its 2Q26 earnings call, attended by Chairman and CEO Mac Armstrong, CFO Chris Uchida, and President Jon Christianson.

• Raised full-year adjusted net income guidance to USD 270 million-280 million; 2Q adjusted net income was USD 63.8 million, or EPS USD 2.36.
• Started a quarterly dividend of USD 0.45 per share; repurchased 368,719 shares for USD 41 million at an average of USD 111.
• Crop outlook lifted to more than USD 400 million of 2026 premium; 2026 crop year booked near 100% net combined ratio early in the year.
• Commercial earthquake pricing remained under pressure; average rate down more than 20% in large layered/shared business, and small commercial down low double digits.