Palomar Holdings, Inc. (PLMR) Income Statement Analysis

See more : Hansen Technologies Limited (HSN.AX) Income Statement Analysis – Financial Results

Complete financial analysis of Palomar Holdings, Inc. (PLMR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Palomar Holdings, Inc., a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.

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Palomar Holdings, Inc. (PLMR)

Industry: Insurance - Property & Casualty

Sector: Financial Services

Website: https://plmr.com

About Palomar Holdings, Inc.

Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	375.93M	327.09M	247.79M	168.46M	113.30M	72.97M	59.47M	42.70M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	375.93M	327.09M	247.79M	168.46M	113.30M	72.97M	59.47M	42.70M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	0.00	11.62M	5.58M	2.17M	24.10M	0.00	0.00	0.00
Other Expenses	375.93M	259.54M	-190.65M	-162.24M	-95.22M	-52.46M	-52.79M	-34.79M
Operating Expenses	375.93M	259.54M	-190.65M	-162.24M	-95.22M	-52.46M	-52.79M	-34.79M
Cost & Expenses	268.51M	259.54M	190.65M	162.24M	95.22M	54.76M	54.54M	36.42M
Interest Income	0.00	14.37M	9.58M	9.04M	6.32M	3.55M	2.43M	1.90M
Interest Expense	3.78M	873.00K	40.00K	0.00	1.07M	2.30M	1.75M	1.63M
Depreciation & Amortization	4.50M	4.12M	3.54M	1.34M	216.00K	212.00K	160.00K	88.00K
EBITDA	111.92M	72.54M	60.68M	7.56M	19.36M	20.73M	6.83M	8.00M
EBITDA Ratio	29.77%	22.67%	24.49%	4.49%	16.15%	28.41%	11.49%	18.73%
Operating Income	107.42M	68.42M	57.14M	6.22M	18.08M	20.52M	6.67M	7.91M
Operating Income Ratio	28.57%	20.92%	23.06%	3.69%	15.96%	28.12%	11.22%	18.53%
Total Other Income/Expenses	-3.78M	-873.00K	-381.31M	0.00	-1.07M	-2.30M	-1.75M	-1.63M
Income Before Tax	103.64M	67.55M	57.14M	6.22M	18.08M	18.21M	4.93M	6.28M
Income Before Tax Ratio	27.57%	20.65%	23.06%	3.69%	15.96%	24.96%	8.29%	14.70%
Income Tax Expense	24.44M	15.38M	11.29M	-34.00K	7.46M	-6.00K	1.15M	-337.00K
Net Income	79.20M	52.17M	45.85M	6.26M	10.62M	18.22M	3.78M	6.61M
Net Income Ratio	21.07%	15.95%	18.50%	3.71%	9.37%	24.97%	6.36%	15.49%
EPS	3.19	2.07	1.80	0.25	0.49	0.81	0.17	0.29
EPS Diluted	3.13	2.02	1.76	0.24	0.49	0.81	0.17	0.29
Weighted Avg Shares Out	24.82M	25.24M	25.46M	24.87M	21.50M	22.63M	17.20M	17.00M
Weighted Avg Shares Out (Dil)	25.33M	25.80M	26.11M	25.60M	21.83M	22.63M	22.63M	22.63M

Why Is Palomar (PLMR) Up 12.5% Since Last Earnings Report?

March 15, 2024zacks.com

Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?

Palomar (PLMR) Moves 8.9% Higher: Will This Strength Last?

March 15, 2024zacks.com

Palomar (PLMR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Top 10 Small-Cap Stocks (SA Quant)

March 12, 2024seekingalpha.com

The prevailing market sentiment is currently fueled by the allure of "The Magnificent 7" and stocks with high upside potential. Over the last 52 weeks, the S&P 500 is up ~28% compared to the S&P Small-Cap index (~+15%). Small-cap stocks...

Top 5 Property & Casualty Insurers to Bolster Your Portfolio

March 7, 2024zacks.com

We have narrowed our search to five P&C insurers with strong potential for 2024. These are: These are: PGR, AXS, MCY, WRB, PLMR.

Here's Why Palomar (PLMR) Shares are Investors' Favorite Now

March 4, 2024zacks.com

Palomar (PLMR) is poised for growth on the back of new business generated, strong retention rates, a risk transfer strategy and a solid capital position.

Palomar Holdings, Inc. Appoints Thomas Bradley to its Board of Directors

March 1, 2024globenewswire.com

LA JOLLA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that Thomas Bradley has been appointed to the Company's Board of Directors on February 28, 2024.

Palomar: Positive Guidance Isn't Fully Priced In

February 20, 2024seekingalpha.com

Palomar achieved an impressive +17% earnings beat for Q4 2023, as the company's earthquake and casualty insurance businesses witnessed strong growth. PLMR is anticipating a solid +20% bottom line expansion in the current fiscal year, based on the company's management...