PALOMAR HOLDINGS, INC. FILES (8-K) Disclosing Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition.

On November 2, 2021, Palomar Holdings, Inc ("Palomar" or the "Company")
announced revised pretax catastrophe losses of $17.5 million, net of reinsurance
and prior period development, for the third quarter of 2021. These estimates
represent anticipated losses from Hurricanes Ida and Nicholas as well as a full
$5 million loss from an excess liability indemnity policy related to losses
incurred by PG&E Corporation covered by Palomar Excess and Surplus Insurance
Company ("PESIC").

The PESIC policy referenced was a high-attaching excess of loss liability policy
that afforded coverage for liability associated with wildfire up to a maximum of
$5.0 million. The magnitude of the loss was disclosed by PG&E Corporation on
November 1st and remains subject to further review and adjudication, including
potential recoveries. The net impact of this loss after the acceleration of
earned premium will result in $0.09 per share of incremental loss, or $2.3
million, for the quarter.

Palomar's loss estimates are subject to change due to the complexity of the
claims and preliminary nature of the information available to prepare the
estimates. In addition, Palomar's financial closing and review procedures for
the fiscal quarter are not yet complete. Updated loss estimates related to
recent catastrophes will be reflected in Palomar's third quarter 2021 results.

The information contained in this Item 2.02 and in the accompanying exhibit
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to
the liabilities of that section, or incorporated by reference in any filing
under the Exchange Act or the Securities Act of 1933, as amended, except as
shall be expressly set forth by specific reference in such filing