Last update at 2025-07-18T16:58:00Z
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Q1 2025 Palomar Holdings Inc Earnings Call
Wed 07 May 25, 11:28 AMPalomar Holdings First Quarter 2025 Earnings: Beats Expectations
Wed 07 May 25, 10:19 AMPalomar Q1 Earnings Top Estimates on Higher Net Investment Income
Tue 06 May 25, 01:30 PMHere's What Key Metrics Tell Us About Palomar (PLMR) Q1 Earnings
Mon 05 May 25, 10:30 PMPalomar (PLMR) Q1 Earnings and Revenues Beat Estimates
Mon 05 May 25, 09:45 PMPalomar Holdings, Inc. Reports First Quarter 2025 Results
Mon 05 May 25, 08:10 PMEarnings Preview: Essent Group (ESNT) Q1 Earnings Expected to Decline
Fri 02 May 25, 02:00 PMPalomar Holdings (PLMR) Surged on Robust Results
Wed 30 Apr 25, 11:45 AMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 67.55M | 57.14M | 6.22M | 18.08M | 18.21M |
Minority interest | - | - | - | - | - |
Net income | 52.17M | 45.85M | 6.26M | 10.62M | 18.22M |
Selling general administrative | - | - | - | - | - |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 327.09M | 247.79M | 168.46M | 113.30M | 72.97M |
Reconciled depreciation | 4.12M | 3.54M | 1.34M | 0.22M | 0.21M |
Ebit | 68.42M | 57.14M | 6.22M | 18.08M | 20.52M |
Ebitda | 74.15M | 60.68M | 7.56M | 18.29M | 20.73M |
Depreciation and amortization | 5.72M | 3.54M | 1.34M | 0.22M | 0.21M |
Non operating income net other | - | - | - | - | - |
Operating income | 68.42M | 57.14M | 6.22M | 18.08M | 20.52M |
Other operating expenses | 259.54M | 190.65M | 162.24M | 95.22M | 54.76M |
Interest expense | 0.87M | 0.04M | 0.00000M | 1.07M | 2.30M |
Tax provision | 15.38M | 11.29M | -0.03400M | 7.46M | -0.00600M |
Interest income | 14.37M | 9.58M | 9.04M | 6.32M | 3.55M |
Net interest income | -0.87300M | -0.04000M | 0.00000M | -1.06800M | -2.30300M |
Extraordinary items | - | - | - | -1.14900M | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 15.38M | 11.29M | -0.03400M | 7.46M | -0.00600M |
Total revenue | 327.09M | 247.79M | 168.46M | 113.30M | 72.97M |
Total operating expenses | 259.54M | -190.65300M | -162.24000M | -95.21900M | -52.45500M |
Cost of revenue | - | - | - | 88.92M | 49.09M |
Total other income expense net | -0.87300M | -0.04000M | 3.29M | -1.06800M | -2.30300M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 52.17M | 45.85M | 6.26M | 10.62M | 18.22M |
Net income applicable to common shares | 52.17M | 45.85M | 6.26M | 10.62M | 18.22M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 1165.42M | 1298.82M | 925.73M | 729.09M | 395.46M |
Intangible assets | 8.56M | 8.26M | 9.50M | 11.51M | 0.74M |
Earning assets | - | - | - | - | - |
Other current assets | 319.11M | -348.34500M | -278.53000M | -290.56300M | -149.36800M |
Total liab | 694.17M | 914.06M | 531.57M | 365.38M | 176.91M |
Total stockholder equity | 471.25M | 384.75M | 394.17M | 363.71M | 218.56M |
Deferred long term liab | - | - | 3.91M | 5.38M | - |
Other current liab | 23.11M | -200.65500M | -58.74400M | -42.96300M | -24.93800M |
Common stock | 0.00300M | 0.00300M | 0.00300M | 0.00300M | 0.00200M |
Capital stock | 0.00300M | 0.00300M | 0.00300M | 0.00300M | 0.00200M |
Retained earnings | 144.64M | 87.71M | 69.95M | 39.96M | 33.86M |
Other liab | - | 53.54M | 3.91M | 5.38M | 2.00M |
Good will | 3.75M | - | - | - | - |
Other assets | - | 696.16M | -278.53000M | -290.56300M | -149.36800M |
Cash | 51.85M | 68.11M | 50.28M | 33.54M | 33.12M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 254.48M | 10.28M | 58.74M | 42.96M | 24.94M |
Current deferred revenue | -45.34500M | - | - | - | - |
Net debt | 0.75M | -31.70800M | -50.28400M | -33.53800M | -33.11900M |
Short term debt | 52.60M | 36.40M | - | - | - |
Short long term debt | 52.60M | 36.40M | - | - | - |
Short long term debt total | 52.60M | 36.40M | - | - | - |
Other stockholder equity | 350.60M | 333.56M | 318.90M | 310.51M | 180.01M |
Property plant equipment | - | 0.60M | 0.53M | 0.74M | 0.84M |
Total current assets | 319.11M | 583.17M | 728.29M | 585.10M | 303.76M |
Long term investments | 689.58M | 553.64M | 465.94M | 424.85M | 239.48M |
Net tangible assets | - | 376.49M | 384.67M | 352.20M | 217.81M |
Short term investments | 643.80M | 515.06M | 432.68M | 397.99M | 217.15M |
Net receivables | 538.77M | 348.35M | 245.33M | 153.57M | 53.49M |
Long term debt | - | 47.08M | 10.88M | 4.51M | - |
Inventory | -1234.11100M | - | - | - | - |
Accounts payable | 224.12M | 164.25M | 58.74M | 42.96M | 24.94M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -23.99100M | -36.51400M | 5.31M | 13.25M | 4.69M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | 0.00300M | 0.00300M | 0.00300M | 0.00200M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | 87.71M | 69.95M | 39.96M | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 820.89M | -553.64000M | -475.97100M | -434.56000M | -241.06800M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 846.31M | 19.49M | 475.97M | 434.56M | 241.07M |
Capital lease obligations | - | - | - | - | - |
Long term debt total | - | 47.08M | 10.88M | 4.51M | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | -149.90600M | -54.82300M | -171.72000M | -80.56600M | -25.36500M |
Change to liabilities | 300.74M | 115.46M | 68.85M | 54.53M | 19.90M |
Total cashflows from investing activities | -156.80700M | -58.18800M | -181.44300M | -80.56600M | -25.36500M |
Net borrowings | 36.40M | 36.40M | 36.40M | -20.00000M | 1.55M |
Total cash from financing activities | 5.02M | -13.04100M | 128.33M | 62.29M | 1.55M |
Change to operating activities | -21.40800M | -30.00800M | -2.27200M | -28.83900M | -15.46100M |
Net income | 52.17M | 45.85M | 6.26M | 10.62M | 18.22M |
Change in cash | 17.79M | 16.59M | 0.44M | 23.43M | -1.00800M |
Begin period cash flow | 50.37M | 33.79M | 33.35M | 9.92M | 10.93M |
End period cash flow | 68.16M | 50.37M | 33.79M | 33.35M | 9.92M |
Total cash from operating activities | 169.58M | 87.81M | 53.55M | 41.70M | 22.81M |
Issuance of capital stock | 0.00000M | 0.00000M | 125.55M | 87.41M | - |
Depreciation | 4.12M | 3.54M | 1.34M | 0.22M | 0.21M |
Other cashflows from investing activities | -6.58800M | -3.34700M | -9.59100M | 1.02M | 0.25M |
Dividends paid | - | 0.00000M | 0.00000M | 5.12M | - |
Change to inventory | - | 129.00M | 136.63M | 36.59M | -5.03500M |
Change to account receivables | -111.14400M | -91.75700M | -100.22700M | -20.29700M | -3.47600M |
Sale purchase of stock | -34.41500M | -15.85200M | 0.74M | -62.29100M | - |
Other cashflows from financing activities | 37.16M | 0.72M | 2.04M | 62.29M | 19.05M |
Change to netincome | 15.63M | 4.95M | 1.77M | 20.74M | 3.05M |
Capital expenditures | 5.94M | 4.85M | 4.07M | 2.93M | 0.33M |
Change receivables | -112.39800M | -85.57000M | -98.52900M | - | - |
Cash flows other operating | -92.28700M | 1.27M | 72.65M | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | 17.79M | 16.59M | 0.44M | - | - |
Change in working capital | 95.82M | 31.05M | 42.97M | 9.20M | 0.88M |
Stock based compensation | 11.62M | 5.58M | 2.17M | 24.10M | - |
Other non cash items | 9.37M | 1.15M | -0.27400M | -3.09000M | 3.49M |
Free cash flow | 163.65M | 82.96M | 49.48M | 38.77M | 22.48M |
Sector: Financial Services Industry: Insurance - Property & Casualty
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
---|---|---|---|---|---|---|---|
PLMR Palomar Holdings Inc |
-0.095 0.07% | 140.31 | 23.39 | - | 4.93 | 3.94 | 4.94 |
PGR Progressive Corp |
-0.785 0.32% | 246.49 | 34.22 | 20.33 | 1.55 | 5.46 | 1.70 |
CB Chubb Ltd |
-1.03 0.37% | 274.43 | 12.92 | 10.49 | 1.85 | 1.73 | 2.18 |
ALL The Allstate Corporation |
0.72 0.37% | 193.74 | 12.61 | 10.79 | 0.83 | 2.79 | 0.99 |
TKOMF Tokio Marine Holdings Inc. |
- -% | 41.92 | 14.81 | 10.00 | 0.0069 | 1.59 | 0.0064 |
Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. 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 and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.
7979 Ivanhoe Avenue, La Jolla, CA, United States, 92037
Name | Title | Year Born |
---|---|---|
Mr. D. McDonald Armstrong | Founder, CEO & Chairman | NA |
Mr. Jon Marcus Christianson | Pres | 1980 |
Mr. Toshio Christopher Uchida | Chief Financial Officer | 1975 |
Mr. Jonathan Blake Knutzen | Chief Risk Officer | 1972 |
Ms. Elizabeth Whitaker Seitz | Chief Accounting Officer | NA |
Mr. Mark Brose | Chief Technology Officer | NA |
Ms. Angela Leann Grant | Chief Legal Officer & Corp. Sec. | 1969 |
Mr. Kyle Morgan | Sr. VP of Corp. Devel. & Strategy | NA |
Mr. John MacDonald | Sr. VP of Marketing | NA |
Ms. Michelle Antoinette Johnson | Chief Talent & Diversity Officer | 1976 |
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