$PLMR

Palomar Lifts 2026 Adjusted Net Income Outlook; Completes Reinsurance Placement

Palomar (PLMR) said Friday it has raised its 2026 adjusted net income guidance to between $266 million and $280 million from the previous range of $262 million to $278 million.Analysts polled by FactSet expect $265.2 million.The company also said it has procured about $421 million of incremental limit to back the growth of its Earthquake franchise.The company's reinsurance coverage is now $3.92 billion for earthquakes and $135 million for continental US hurricanes, Palomar said.Price: $109.88, Change: $+0.25, Percent Change: +0.23%