Specialty Insurers Like Palomar Target 20-30% Underwriting Income Growth as Niche Markets Harden
Palomar Holdings projects 20-30% annual net underwriting income growth, driven by hard market conditions in specialty segments including crop, earthquake, and surety insurance. The insurer posted 44% gross written premium growth and 70% adjusted net income growth, with crop premiums doubling to $120 million. Analysts expect specialty underwriters to outperform traditional P&C insurers over the next 12-24 months as pricing power persists in niche lines.
ViaNews Editorial Team (Markets)•