|Bid||0.00 x 2200|
|Ask||0.00 x 1100|
|Day's Range||34.05 - 35.76|
|52 Week Range||18.06 - 38.24|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||153.72|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
LA JOLLA, Calif., Aug. 12, 2019 -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) reported net income of $6.7 million, or $0.30 per diluted share, for the.
Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced that it will release its second quarter 2019 results after the market close on Monday, August 12, 2019 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, August 13, 2019. The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the Palomar Second Quarter 2019 Earnings Conference Call. A replay will be available starting at 3:00 p.m. (Eastern Time) on August 13, 2019 and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671.
The July 4, 2019 6.4 magnitude earthquake that struck Searles Valley, California, proved to be a foreshock for a larger 7.1 magnitude earthquake that struck near Ridgecrest, California on July 5, 2019. The July 5th earthquake was the largest in Southern California in the past 20 years with an epicenter located approximately seven miles northwest of the July 4th earthquake epicenter. The total insured value of Palomar policies within a one hundred-mile radius of the epicenter is considerably less than Palomar’s excess of loss reinsurance program.
On July 4, 2019 a 6.4 magnitude earthquake struck Searles Valley, California, a remote part of Kern County. This earthquake was the largest in Southern California in the past 20 years. The total insured value of Palomar policies within a one hundred-mile radius of the epicenter is considerably less than Palomar’s excess of loss reinsurance program.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced the successful completion of certain reinsurance programs renewing and incepting at June 1, 2019. The Company renewed $470 million of its core reinsurance program, inclusive of Torrey Pines Re, Palomar’s catastrophe bond, and purchased $200 million of incremental limit at the top of its reinsurance tower. Effective June 1, 2019, the Company’s reinsurance program provides coverage up to $1.05 billion for earthquake events. This incremental limit allows Palomar to maintain a cushion above the 1:250 year peak zone probable maximum loss and significantly exceeds simulated losses from any recorded historical event. As of March 31, 2019, a theoretical earthquake equivalent to the 1994 Northridge or 1906 San Francisco earthquake would generate a gross loss of $669 million or $580 million, respectively.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced that Mac Armstrong, Chief Executive Officer and Founder, is scheduled to present at the William Blair Growth Stock Conference at the Loews Chicago Hotel on Thursday, June 6, 2019 at 3:20 p.m. (Central Time). Interested investors and other parties can access a live webcast of the presentation by visiting the Investors section of Palomar’s website at http://ir.palomarspecialty.com/. Palomar is an innovative insurer that focuses on the provision of specialty property insurance for residential and commercial clients.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced that Catriona M. Fallon has been appointed to the Company’s Board of Directors as a member of the Board effective May 21, 2019. “On behalf of Palomar Holdings’ Board of Directors and management team, I am pleased to welcome Catriona to our Board of Directors,” commented Mac Armstrong, Chief Executive Officer and Founder. Ms. Fallon is currently Chief Financial Officer at Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., leading the company’s global financial reporting and analysis, controllership, tax, treasury, internal audit and controls, real estate, facilities and financial shared services. Ms. Fallon serves on the board of directors for Cray Inc., the supercomputing company, and has more than 20 years of finance, corporate strategy and development experience.
LA JOLLA, Calif., May 16, 2019 -- Palomar Holdings, Inc. (NASDAQ:PLMR) (‘Palomar’ or the ‘Company’) reported a net loss of $14.4 million, or ($0.85) per diluted share, for the.
AM Best has assigned a Long-Term Issuer Credit Rating of “bbb-” to Palomar Holdings, Inc. , the ultimate parent and insurance holding company of Palomar Specialty Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd.