Palomar Holdings Q1 Revenue Rises 59.7% to $278.9 Million

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2▲2 ▼1Impact / 5
Summary · why it matters

Palomar Holdings reported first-quarter revenues of $278.9 million, a 59.7% increase year on year, exceeding analyst expectations by 5.8%. The specialty insurer, which focuses on catastrophe coverage including earthquake insurance, posted a mixed quarter with a strong beat on net premiums earned but a significant miss on book value per share estimates. Among 32 property and casualty insurance stocks tracked, the group overall beat revenue consensus by 1.9% and saw average share prices rise 3.2% since reporting. Stewart Information Services delivered the best performance relative to estimates with revenues of $781.3 million, while Fidelity National Financial was the weakest, missing revenue expectations by 10.7% with $3.23 billion. Palomar shares are up 5% since the report, trading at $116.30.

Impact on assets 5

Financials± Mixed · 5 stocks
Palomar Holdings Inc
PLMR
▲ PositiveCapitalrelevance

Palomar Holdings reported Q1 revenue of $278.9M, beating analyst expectations by 5.8%, and shares rose 5% since the report.

Stewart Information Services Corp
STC
▲ PositiveDemandrelevance

Stewart Information Services delivered the best performance relative to estimates with revenues of $781.3M, indicating strong demand.