Palomar beats but adjusted net income slips as CR increased in Q1

Published: Wed 4 May 2022

Palomar Holdings’ adjusted net income dipped $1.7mn to $17.6mn in Q1 2022 while its combined ratio increased by 16.1 points as its non-catastrophe losses and loss ratio for the period increased largely due to specialty homeowners, flood and inland marine growth and the higher frequency of attritional losses in those lines.