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Palomar Hldgs shared its third-quarter results, showing record sales and profit growth.

ResultsRead the original at Benzinga
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Palomar reported record premium and adjusted profit, with all 5 product groups growing. Slower casualty growth and deliberate cuts matter less beside higher profit and its raised full-year forecast.

PLMR · Palomar Holdings

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That points to faster growth in the money Palomar collects from insurance and keeps after costs. Premiums rose across all 5 product groups, and the company said its strong financial position let it return cash through stock repurchases and its first dividend. Casualty growth slowed and Palomar trimmed some exposure, but broad growth and higher profit carry more weight.

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