Palomar Holdings delivered an exceptional third quarter in 2025, achieving record gross written premiums and adjusted net income, marking the 12th consecutive quarter of earnings beats.

• Gross written premiums increased by 44%, alongside a 70% rise in adjusted net income year-over-year.
• Adjusted combined ratio stood at 75%, with a robust adjusted return on equity of 26%, reflecting strong underwriting discipline.
• Recent acquisition of Gray Casualty and Surety Company is expected to significantly enhance Palomar's surety platform and market presence.
• All product lines showed strong double-digit growth, contributing to overall solid performance despite prevailing market challenges.
• Continued expansion in specialty markets and strategic partnerships is poised to sustain long-term growth and profitability.