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Palomar Q2 Earnings Call Highlights
['Tristan Rich']
Markets Daily
Gross written premium increased 27% from a year earlier, while gross earned premiums rose 27% to $630.5 million.
Crop gross written premium increased 96% year over year in the quarter.
Inland marine and property gross written premium increased 11%, supported by admitted builders risk, construction engineering, residential property and motor truck cargo.
Casualty, Surety and Reinsurance DevelopmentsCasualty gross written premium grew 37% year over year across seven niche lines and selected third-party administered programs.
On reinsurance, Palomar added approximately $421 million of earthquake limit, bringing total coverage to $3.92 billion, and maintained its $20 million earthquake event retention.