Palomar Holdings (NASDAQ:PLMR), HCI Group (NYSE:HCI) top Markel Group (NYSE:MKL) for P&C growth
U.S. property and casualty insurers are splitting into three stories in the market now: Palomar is trading on specialty premium growth, HCI on capital return and its Florida exposure, and Markel's bigger book is seeing better underwriting weighed down by investment losses. Palomar ended at $133.69 after hours, rising 5.7%. HCI settled at $178.64, gaining 1.8%. Markel dropped 1.9% to $1,916.64. Even though they all reported from the same Q1 P&C cycle, their valuations and earnings multiples have moved apart.
