Palomar Holdings, Inc. (NASDAQ:PLMR ) Q4 2024 Earnings Call February 13, 2025 12:00 PM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson - President Conference Call Participants Paul Newsome - Piper Sandler Mark Hughes - Truist Securities Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning and welcome to the Palomar Holdings, Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
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While the top- and bottom-line numbers for Palomar (PLMR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Palomar (PLMR) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.24 per share. This compares to earnings of $1.11 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Palomar (PLMR), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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Palomar (PLMR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Palomar (PLMR) possesses solid growth attributes, which could help it handily outperform the market.
Palomar's unique focus on earthquake insurance has led to consistent growth, with drivers like the CEA's changing risk program. Management has supplemented the core business with specialty P&C lines and expansion into crop and surety markets. PLMR has shown disciplined risk management by reducing high-risk exposure in the hurricane lines.
Palomar Holdings stock is poised to gain from the strength of new business generated, strong retention rates, prudent underwriting expertise and solid capital position.
Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Palomar (PLMR) possesses solid growth attributes, which could help it handily outperform the market.