)
Edge31 Oct 2025
Rolls-Royce: Full Thrust Ahead
From century-old crafted perfection to pandemic shock and reset, Rolls-Royce's story is shaped by heritage, turbulence, and a disciplined climb back.
Palomar (PLMR) investor relations material
Palomar Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Achieved record gross written premium of $597.2M, with adjusted net income up 70% to $55.2M ($2.01/share), marking the 12th consecutive earnings beat and fourth guidance increase for 2025.
Portfolio diversification across specialty products, including admitted/E&S, residential/commercial, and new lines like Crop and Surety, supports consistent performance.
Net earned premiums grew 66% to $225.1M, driven by strong growth in Casualty (170% GWP growth) and Crop (doubled GWP), with new business and high retention offsetting declines in Fronting.
Completed acquisitions of FIA and AAP in 2025, and announced the $300M acquisition of The Gray Casualty and Surety Company, expected to close in H1 2026.
Share repurchase of 308,000 shares for $37.3M during the quarter, with $112.7M remaining under authorization.
Financial highlights
Gross written premium grew 44% year-over-year to $597.2M in Q3 2025; adjusted net income rose 70% to $55.2M ($2.01/share); net income increased 68.7% to $51.5M ($1.87/share).
Net written premiums increased 72.3% to $275.2M; net earned premiums up 66% to $225.1M; underwriting income rose 86.1% to $49.2M.
Net investment income climbed 54.9% to $14.6M; net realized/unrealized investment gains were $3.5M.
Combined ratio improved to 78.1% from 80.5%; adjusted combined ratio improved to 74.8% from 77.1%.
Annualized adjusted ROE reached 25.6% (up from 21%); stockholders’ equity at $878M; tangible stockholders’ equity at $815.6M.
Outlook and guidance
Raised 2025 adjusted net income guidance to $210–$215M, implying over 59% growth and full-year adjusted ROE above 20%.
Palomar 2X objective to double adjusted net income every 3–5 years remains on track.
Management expects continued premium growth from new products and partnerships, with a focus on profitable expansion and risk-adjusted returns.
Liquidity is considered sufficient for the next 12 months and beyond, with $1.3B in cash and investments as of September 30, 2025.
Expect net earned premium ratio to rise in Q4 and into 2026, with loss ratio guidance around 30%.
What drove the higher non-catastrophe loss ratio?
What's the strategy for Fronting GWP reduction?
Detail how recent acquisitions support Palomar 2X.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Palomar earnings date
Q4 202512 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Palomar Holdings Inc is a specialty insurance company offering property and catastrophe insurance products. The company serves residential and commercial clients with coverage for earthquakes, hurricanes, and other risks, primarily in the United States. The company is headquartered in La Jolla, California, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage