TUE 5/6: PLMR – Reports First Quarter 2025 Results

8:58 AM – This specialty insurer announced first-quarter financial results for the period ended March 31, 2025, delivering strong premium growth and record adjusted net income.

  • Gross Written Premiums: $442.2 million, up 20.1% year-over-year
  • Net Income: $42.9 million, or $1.57 per diluted share, versus $26.4 million, or $1.04 per diluted share in Q1 2024
  • Adjusted Net Income: $51.3 million, or $1.87 per diluted share, up 84.6% year-over-year
  • Total Loss Ratio: 23.6%, improving from 24.9% in Q1 2024
  • Combined Ratio: 73.1% (vs. 76.9%); Adjusted Combined Ratio: 68.5% (vs. 73.0%)
  • Annualized ROE: 22.6%; Adjusted ROE: 27.0%

Management highlighted sustained premium momentum across core specialty lines and continued expense discipline driving margin expansion.

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