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Get filing alertsPalomar adds $421M earthquake reinsurance, issues $360M cat bond, raises 2026 guidance
Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read
Key Changes
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Completed reinsurance programs adding $421M earthquake capacity, bringing total earthquake coverage to $3.92B and hurricane coverage to $135M, exceeding 1:250-year peak zone loss estimates
Item 8.01 Press Release verify on EDGAR → -
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Issued seventh catastrophe bond (Torrey Pines Re 2026-1) for $360M, bringing total multi-year collateralized reinsurance capital to $1.28B through ILS platform
Item 8.01 Press Release verify on EDGAR → -
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Raised full year 2026 adjusted net income guidance following successful completion of June 1 reinsurance programs (specific guidance figures in press release)
Item 8.01 Press Release verify on EDGAR → -
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Renewed Hawaii hurricane reinsurance for Laulima Exchange with coverage increased $130M to up to $865M total, including $50M through Torrey Pines Re platform
Item 8.01 Press Release verify on EDGAR → -
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Maintained catastrophe retention at $11M for hurricanes and $20M for earthquakes, both within management's stated risk tolerance thresholds
Item 8.01 Press Release verify on EDGAR →
Summary
Palomar Holdings announced the successful completion of its June 1, 2026 reinsurance programs, significantly expanding its earthquake coverage capacity by $421 million to support franchise growth. The company's total earthquake coverage now reaches $3.92 billion, well above its 1:250-year peak zone loss estimates.
Notably, $360 million of this capacity came through Palomar's seventh catastrophe bond issuance, Torrey Pines Re Series 2026-1, demonstrating continued access to capital markets and diversified reinsurance sources. The expanded capacity and favorable reinsurance terms prompted management to raise full year 2026 adjusted net income guidance.
This suggests the company secured attractive pricing while maintaining disciplined retention levels ($11M for hurricanes, $20M for earthquakes). The reinsurance expansion positions Palomar to write more earthquake business profitably while staying within conservative risk parameters. Investors should watch for updated premium growth figures in the next quarterly earnings report to see how quickly Palomar deploys this new capacity. The company's ability to consistently access the catastrophe bond market at scale (now $1.28B total) provides a competitive advantage in managing capital efficiency versus traditional reinsurance alone.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Palomar updated its corporate presentation for investor and analyst meetings; no material business changes disclosed.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On May 29, 2026, Palomar Holdings, Inc. (the “Company”) updated its corporate presentation that it uses for presentations at conferences and to analysts, current stockholders, and others.
The company refreshed its standard investor presentation materials used at conferences and analyst meetings. This is a routine disclosure under Regulation FD to ensure equal access to presentation content. No specific business developments or financial updates are described in the 8-K itself.
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 29, 2026, Palomar Holdings Inc. (“Palomar” or the “Company”) issued a press release announcing the successful completion of certain reinsurance programs incepting June 1, 2026, and increased the Company’s full year 2026 adjusted net income guidance.
Palomar announced completion of reinsurance programs effective June 1, 2026, and raised its full year 2026 adjusted net income guidance. The press release with specific guidance details is attached as Exhibit 99.2.
Event · Item 9.01 — Financial Statements and Exhibits
Palomar Holdings filed an 8-K attaching an investor presentation and press release dated May 29, 2026.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Exhibit | Number | Description | 99.1 Investor Presentation, dated May 29, 2026 99.2 Press release, dated May 29, 2026
The company filed an 8-K to disclose the availability of an investor presentation and a press release, both dated May 29, 2026. The 8-K itself does not contain the content of these documents, only references them as exhibits. Without access to the actual exhibits, the specific business developments or announcements cannot be determined from this filing.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 29, 2026 · How we verify