Palomar Holdings, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting third-quarter and nine-month financial results.

Key Highlights

  • Gross written premiums: $767,046 thousand for Q3 2026, up from $597,171 thousand in Q3 2025, according to the filing.
  • Net income: $65,335 thousand for the three months ended September 30, 2026, compared to $51,455 thousand for the same period in 2025.
  • Diluted earnings per share: $2.42 for Q3 2026, versus $1.87 for Q3 2025, as reported.
  • Total assets: $4,169,244 thousand at September 30, 2026, compared to $3,050,967 thousand at December 31, 2025.
  • Dividend declared: $0.45 per share declared in Q3 2026, totaling $12,224 thousand, per the equity statement.
  • Share repurchases: 628,974 total shares repurchased across the nine months ended September 30, 2026, for a combined $72,991 thousand.
  • Shares outstanding: 26,294,949 as of November 4, 2026, as stated on the filing cover.

Palomar Holdings Reports Q3 2026 Financial Results and Balance Sheet Growth

According to the filing, Palomar Holdings (NASDAQ:PLMR) reported gross written premiums of $767,046 thousand for the three months ended September 30, 2026, an increase from $597,171 thousand in the same quarter of 2025. After ceded written premiums of $378,477 thousand, net written premiums for Q3 2026 were $388,569 thousand. Net earned premiums reached $365,391 thousand in the quarter. For the nine months ended September 30, 2026, gross written premiums totaled $2,027,330 thousand, compared to $1,535,623 thousand in the prior-year period.

The company disclosed net income of $65,335 thousand for Q3 2026 and $160,874 thousand for the nine months ended September 30, 2026, compared to $51,455 thousand and $140,905 thousand, respectively, in the year-ago periods. Losses and loss adjustment expenses were $151,646 thousand in Q3 2026, up from $72,812 thousand in Q3 2025. Interest expense rose to $5,138 thousand in Q3 2026 from $133 thousand in Q3 2025, reflecting borrowings that include a term loan of $294,038 thousand and credit agreement borrowings of $21,000 thousand on the September 30, 2026 balance sheet. Net unrealized losses on securities available for sale were $51,107 thousand for Q3 2026, contributing to accumulated other comprehensive loss of $66,266 thousand at quarter-end.

Total assets grew to $4,169,244 thousand at September 30, 2026 from $3,050,967 thousand at December 31, 2025, the filing stated. The increase was driven in part by growth in total investments to $1,758,031 thousand, premiums receivable of $667,166 thousand, and goodwill and intangible assets of $228,426 thousand, the last of which rose from $61,054 thousand at year-end 2025. Total stockholders' equity was $984,972 thousand at September 30, 2026. The company also reported stock-based compensation of $7,022 thousand in Q3 2026 and policyholder contributions to surplus of $1,363 thousand in the same quarter.

What Was Disclosed

Palomar Holdings filed its quarterly report covering the three and nine months ended September 30, 2026, disclosing income statement, balance sheet, and equity activity, including earnings, premium volumes, investment results, share repurchases, and a dividend of $0.45 per share declared in Q3 2026.