Palomar Holdings, Inc. (PLMR) Income Statement Analysis

See more : New Century AIM VCT Plc (NCA.L) 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

Palomar (PLMR) Reports Q4 Earnings: What Key Metrics Have to Say

February 14, 2024zacks.com

The headline numbers for Palomar (PLMR) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Palomar Holdings, Inc. Reports Fourth Quarter & Full Year 2023 Results

February 14, 2024globenewswire.com

LA JOLLA, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $25.9 million, or $1.02 per diluted share, for the fourth quarter of 2023 compared to net income of $18.8 million, or $0.73 per diluted share, for the fourth quarter...

Can Palomar (PLMR) Keep the Earnings Surprise Streak Alive?

February 12, 2024zacks.com

Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Countdown to Palomar (PLMR) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

February 12, 2024zacks.com

Besides Wall Street's top -and-bottom-line estimates for Palomar (PLMR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Palomar Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results Release Date and Conference Call

February 7, 2024globenewswire.com

LA JOLLA, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its fourth quarter and full year 2023 results after the market close on Wednesday, February 14, 2024, and...

Palomar (PLMR) Rises 23% YTD: Will the Bull Run Continue?

December 29, 2023zacks.com

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

Palomar (PLMR) Up 3.8% Since Last Earnings Report: Can It Continue?

December 1, 2023zacks.com

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

Palomar (PLMR) Stock Rallies 31% YTD: More Upside Left?

November 29, 2023zacks.com

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

Palomar Holdings, Inc. (PLMR) Q3 2023 Earnings Call Transcript

November 4, 2023seekingalpha.com

Palomar Holdings, Inc. (NASDAQ:PLMR ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Chris Uchida - CFO McDonald Armstrong - Founder, CEO & Chairman Jon Christianson - President Conference Call Participants Mark Hughes - Truist...