Palomar Holdings, Inc. (PLMR)

Palomar Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	566.89	510.69	345.91	316.47	233.83	155.07
Total Interest & Dividend Income	40.76	35.82	23.71	13.88	9.08	8.61
Gain (Loss) on Sale of Investments	-0.77	4.57	2.94	-7.53	1.28	1.49
Other Revenue	3.09	2.78	3.37	4.27	3.61	3.3
Total Revenue	609.96	553.86	375.93	327.09	247.79	168.46
Revenue Growth (YoY)	50.51%	47.33%	14.93%	32.00%	47.09%	48.69%
Policy Benefits	146.67	134.76	72.59	78.67	41.46	64.12
Policy Acquisition & Underwriting Costs	274.65	250.09	181	168.37	143.57	95.96
Total Operating Expenses	438.93	401.53	268.51	258.66	190.61	162.24
Operating Income	171.04	152.33	107.42	68.42	57.18	6.22
Interest Expense	-0.48	-1.14	-3.78	-0.87	-0.04	-
Pretax Income	170.55	151.2	103.64	67.55	57.14	6.22
Income Tax Expense	36.44	33.62	24.44	15.38	11.29	-0.03
Net Income	134.11	117.57	79.2	52.17	45.85	6.26
Net Income to Common	134.11	117.57	79.2	52.17	45.85	6.26
Net Income Growth	51.93%	48.45%	51.81%	13.79%	632.73%	-41.09%
Shares Outstanding (Basic)	26	26	25	25	25	25
Shares Outstanding (Diluted)	27	26	25	26	26	26
Shares Change (YoY)	5.42%	3.54%	-1.82%	-1.21%	2.00%	17.24%
EPS (Basic)	5.16	4.61	3.19	2.07	1.80	0.25
EPS (Diluted)	5.02	4.48	3.13	2.02	1.76	0.24
EPS Growth	43.71%	43.13%	54.95%	14.77%	633.34%	-51.02%
Free Cash Flow	314.94	260.91	116.09	169.27	87.8	57.36
Free Cash Flow Per Share	11.79	9.95	4.58	6.56	3.36	2.24
Operating Margin	28.04%	27.50%	28.57%	20.92%	23.08%	3.69%
Profit Margin	21.99%	21.23%	21.07%	15.95%	18.50%	3.71%
Free Cash Flow Margin	51.63%	47.11%	30.88%	51.75%	35.43%	34.05%
EBITDA	173.06	154.04	109.12	69.94	58.62	6.46
EBITDA Margin	28.37%	27.81%	29.03%	21.38%	23.66%	3.83%
D&A For EBITDA	2.02	1.71	1.7	1.52	1.44	0.24
EBIT	171.04	152.33	107.42	68.42	57.18	6.22
EBIT Margin	28.04%	27.50%	28.57%	20.92%	23.08%	3.69%
Effective Tax Rate	21.37%	22.24%	23.58%	22.77%	19.76%	-
Revenue as Reported	609.96	553.86	375.93	327.09	247.79	168.46

Updated May 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q