so, imagine you have a piggy bank, and you put money in it every week. One day, you open the piggy bank and see that there is more money inside than before. This means that your money has grown and you have made more money. In our story, Palomar is like the piggy bank and the money is the earnings they made. So, Palomar made more money than before, and this is good news.

### Parent:
In simple terms, Palomar Holdings, Inc. is a company that makes money by providing insurance. The story talks about how much money Palomar made in the second quarter of the year. It's good news because Palomar made more money than people thought they would. Just like how you would feel happy if you had more money in your piggy bank than before. Read from source...

no### FIN:
1. Introduction to Palomar Holdings, Inc. (PLMR) and recent financial results - The article discusses the financial results of PLMR for the second quarter of 2024, highlighting the company's strong performance, including beating the Zacks Consensus Estimate for both earnings and revenue. The article also provides an overview of PLMR, including its business segments and financial position.

2. Breakdown of PLMR's financial results - The article provides a detailed breakdown of PLMR's financial results for the second quarter of 2024, including gross written premiums, net earned premiums, underwriting income, and total expenses. The article also provides a comparison of PLMR's financial results to the Zacks Consensus Estimate and the company's financial results in the prior year's quarter.

3. PLMR's outlook for the year - The article discusses PLMR's outlook for the year, including its expectations for adjusted net income, catastrophe losses, and return on equity. The article also provides an assessment of PLMR's financial position, including its cash and cash equivalents, shareholder equity, and annualized adjusted return on equity.

4. Comparison to other property and casualty insurers - The article provides a comparison of PLMR's financial results to other property and casualty insurers, including Cincinnati Financial Corporation (CINF), RLI Corp. (RLI), and CNA Financial Corporation (CNA). The article discusses the financial results of these companies in the second quarter of 2024, including their operating revenues, net written premiums, underwriting income, and combined ratios.

5. Conclusion - The article concludes by summarizing the financial results of PLMR for the second quarter of 2024 and its outlook for the year. The article also provides an assessment of PLMR's financial position and a comparison to other property and casualty insurers.

Neutral
Data Source: Benzinga, Zacks, MarketWatch, and individual company filings.
Data Collection Method: Research and analysis.
Data Collection Period: From the beginning of 2024 until mid August 2024.

### Explanation:
The article is about the second quarter 2024 financial results of Palomar Holdings, Inc. PLMR. The company reported better-than-expected results, beating the Zacks Consensus Estimate for both earnings and revenue. Gross written premiums also improved significantly year over year. However, the loss ratio deteriorated, and total expenses increased due to higher losses and loss adjustment expenses. The article also provides an overview of the financial positions of other property and casualty insurers, such as Cincinnati Financial Corporation, RLI Corp., and CNA Financial Corporation. These companies also reported better-than-expected financial results for the second quarter of 2024.

This article discusses Palomar Holdings, Inc. Second-quarter 2024 results, which beat the Zacks Consensus Estimate on both earnings and revenue. Gross written premiums, adjusted underwriting income, and net investment income all saw significant growth year over year. However, total expenses also increased due to higher losses and loss adjustment expenses, underwriting expenses, and acquisition expenses. Palomar expects adjusted net income for the year to be in the range of $124-$130 million. The company carries a Zacks Rank #3 (Hold).