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Get filing alertsPalomar initiates $0.45 quarterly dividend, raises 2026 guidance to $270M–$280M
Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read
Key Changes
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Board declared first quarterly cash dividend of $0.45 per share, payable September 2, 2026 to shareholders of record August 19, 2026. Management stated the dividend enhances shareholder value creation without changing growth strategy.
Item 8.01 verify on EDGAR → -
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Raised full-year 2026 adjusted net income guidance to $270M–$280M (third increase this year), including estimated $8M–$12M of catastrophe losses.
Exhibit 99.1 view on EDGAR → -
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Q2 2026 net income rose 13% to $52.6M ($1.94 per diluted share); adjusted net income up 31% to $63.8M ($2.36 per diluted share). Gross written premiums grew 27% to $630.5M.
Exhibit 99.1 view on EDGAR → -
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Repurchased 368,719 shares for $41.0M during Q2 2026, demonstrating active capital return alongside the newly initiated dividend.
Exhibit 99.1 view on EDGAR → -
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Launched PLMR.Farm, an innovative crop policy administration system, supporting the company's Palomar 2X growth strategy.
Exhibit 99.1 view on EDGAR →
Summary
Palomar Holdings initiated its first quarterly cash dividend of $0.45 per share, marking a significant milestone in capital allocation. The dividend will be paid September 2, 2026 to shareholders of record as of August 19, 2026. Management emphasized the dividend enhances shareholder value creation while maintaining the company's growth strategy and Palomar 2X execution.
The company also repurchased $41.0 million of shares during Q2, demonstrating a balanced approach to capital return. The dividend initiation comes alongside strong Q2 2026 results and raised full-year guidance. Net income grew 13% year-over-year to $52.6 million ($1.94 per diluted share), while adjusted net income jumped 31% to $63.8 million ($2.36 per diluted share).
Gross written premiums increased 27% to $630.5 million, and the adjusted combined ratio of 76.7% reflects strong underwriting discipline. Management raised full-year 2026 adjusted net income guidance to $270M–$280M, the third increase this year, with catastrophe losses estimated at $8M–$12M. For shareholders, the dividend initiation represents a new income stream while the company maintains its growth trajectory. The combination of rising earnings, improved guidance, and dual capital return mechanisms (dividend plus buybacks) signals management confidence in sustained profitability and cash generation. The launch of PLMR.Farm, the company's crop policy administration system, supports operational scalability for continued growth.
Section-by-Section Diff
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 July 30, 2026, the Board of Directors of the Company declared the Company’s initial quarterly cash dividend of $0.45 per common share. The dividend will be payable on September 2, 2026, to stockholders of record as of the close of business on August 19, 2026.
Palomar's Board declared the company's first quarterly cash dividend of $0.45 per common share. This marks the initiation of a regular cash return program to shareholders. The dividend will be paid on September 2, 2026 to shareholders of record as of August 19, 2026.
Event · Exhibit 99.1
Palomar reported Q2 2026 earnings, raised full-year guidance, and initiated a quarterly dividend of $0.45 per share.
Added in current filing · view on EDGAR → · paraphrased
Net income increased 13.0% to $52.6 million compared to $46.5 million in the second quarter of 2025 ... Diluted earnings per share increased by 15.5% to $1.94 compared to $1.68 in the second quarter of 2025 ... Adjusted net income(1) increased 31.4% to $63.8 million compared to $48.5 million in the second quarter of 2025 ... Diluted adjusted earnings per share(1) increased by 34.1% to $2.36 compared to $1.76 in the second quarter of 2025
Palomar reported Q2 2026 net income of $52.6 million ($1.94 per diluted share), up 13% year-over-year, and adjusted net income of $63.8 million ($2.36 per diluted share), up 31% year-over-year. Gross written premiums grew 27% to $630.5 million. The combined ratio was 83.3% (adjusted 76.7%), and annualized adjusted return on equity was 26.3%.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 5, 2026 · How we verify