Palomar (PLMR) Q2 Revenue Jumps 55%
Palomar (NASDAQ:PLMR), a specialty property insurance provider known for its focus on niche markets such as earthquake and specialty lines, announced its Q2 2025 results on August 4, 2025. The most important headline: Palomar delivered better-than-expected non-GAAP earnings per share and raised its outlook for adjusted net income for 2025. Non-GAAP earnings per share came in at $1.76, ahead of the $1.67 non-GAAP analyst estimate, while GAAP revenue was reported as $203.3 million. Net earned premiums, a core insurance metric, climbed 47.2% year-over-year (GAAP). Overall, the period was marked by solid organic growth across key business lines, increases in profitability, and tangible progress on Palomar’s diversification initiatives.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Palomar’s core business centers on specialty property and casualty insurance for underserved risk categories. It holds a prominent position in earthquake insurance in California, is growing rapidly in casualty, with gross written premium for casualty increasing 113% year-over-year, and also serves markets like inland marine, fronting, and crop insurance. Its competitive edge comes from using advanced technology platforms and proprietary analytics for underwriting and pricing, allowing for speed and flexibility.
Source Fool.com
