Palomar Holdings Inc. 2026年度季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 Palomar Holdings, Inc. Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒Number of shares of the registrant’s common shares outstanding at May 4, 2026: 26,503,871 PALOMAR HOLDINGS,INC. TABLE OF CONTENTS PARTI. FINANCIAL INFORMATION Item 1.Financial Statements3Condensed Consolidated Balance Sheets at March 31, 2026 (Unaudited) and December 31, 20253Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) for the ThreeMonths Ended March 31, 2026 and 20254 PARTII. OTHER INFORMATION Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures Palomar Holdings,Inc. and SubsidiariesCondensed Consolidated Statements of Income and Comprehensive Income (Unaudited)(in thousands, except shares and per share data) Palomar Holdings,Inc. and Subsidiaries Notesto Condensed Consolidated Financial Statements (Unaudited) 1. Summary of Operations and Basis of Presentation Summary of Operations Palomar Holdings, Inc. (the “Company”) is a Delaware-incorporated insurance holding company that was founded in2014. The Company has several wholly owned subsidiaries including an Oregon-domiciled insurance company, Palomar SpecialtyInsurance Company (“PSIC”), a Bermuda-domiciled reinsurance company, Palomar Specialty Reinsurance Company Bermuda Ltd.(“PSRE”), an Arizona-domiciled surplus lines insurance company, Palomar Excess and Surplus Insurance Company (“PESIC”), aCalifornia-domiciled property and casualty insurance agency, Palomar Insurance Agency, Inc., DBA Palomar General InsuranceAgency (“PGIA”), a Delaware-incorporated management company, Palomar Underwriters Exchange Organization, Inc. (“PUEO”),that provides services to a Hawaii-domiciled reciprocal exchange, Laulima Exchange (“Laulima”), as its attorney-in-fact, a NewJersey-domiciled insurance carrier specializing in surety bonds, First Indemnity of America Insurance Co. (“FIA”), a Delaware-incorporated insurance management company, Palomar Crop Insurance Services, Inc. (“PCIS”), and a Louisiana-domiciled and Segment Reporting The Company has a single operating segment, the property and casualty insurance business. The Company’s chiefoperating decision maker (“CODM”) is the Chief Executive Officer. The CODM reviews the Company’s consolidated net incomeas reported under GAAP, which is the primary measure of segment profit or loss. The CODM also reviews the individual measuresand significant segment expenses that contribute to net income including gross written premiums, net earned premiums, losses andloss adjustment expenses, acquisition and underwriting expenses, and net investment income. The CODM reviews these measures,comparing them to prior periods and forecasted expectations, and makes resource allocation decisions based on the analysis. The Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with GAAP for interimfinancial information and include the accounts of the Company and its wholly‑owned subsidiaries. The condensed consolidated financial statements also include the accounts of Laulima, a variable interest entity (“VIE”)for which the Company is the primary beneficiary. The Company determined it is the primary beneficiary because it has the powerto direct the activities that most significantly impact Laulima’s economic performance and the obligation to absorb losses that could These condensed consolida