Palomar Holdings reported second-quarter 2026 revenue and earnings above Wall Street estimates and announced its first quarterly cash dividend alongside a previously disclosed $150 million share repurchase program. The stock recently traded at $134.00, which is below a narrative fair value estimate of $161.17, though its price-to-earnings ratio of 17.3 times exceeds the US insurance industry average of 11.9 times and a fair ratio of 14.6 times. Despite the strong quarterly results and capital return initiatives, the share price fell 6.23% over the past seven days and 5.72% over the past 30 days, while longer-term returns remain robust with a 132.48% three-year total shareholder return. The company cited improved reinsurance terms, proactive risk management, and capital strength as factors supporting future earnings stability and growth in book value and return on equity.
Palomar Holdings IncBeats Q2 estimates and announces first dividend and $150M buyback.
