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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	624.57	510.69	345.91	316.47	233.83	155.07
Total Interest & Dividend Income	46.17	35.82	23.71	13.88	9.08	8.61
Gain (Loss) on Sale of Investments	7.5	4.57	2.94	-7.53	1.28	1.49
Other Revenue	3.97	2.78	3.37	4.27	3.61	3.3
Total Revenue	682.21	553.86	375.93	327.09	247.79	168.46
Revenue Growth (YoY)	52.98%	47.33%	14.93%	32.00%	47.09%	48.69%
Policy Benefits	162.42	134.76	72.59	78.67	41.46	64.12
Policy Acquisition & Underwriting Costs	303.4	250.09	181	168.37	143.57	95.96
Total Operating Expenses	484.8	401.53	268.51	258.66	190.61	162.24
Operating Income	197.4	152.33	107.42	68.42	57.18	6.22
Interest Expense	-0.34	-1.14	-3.78	-0.87	-0.04	-
Pretax Income	197.06	151.2	103.64	67.55	57.14	6.22
Income Tax Expense	42.15	33.62	24.44	15.38	11.29	-0.03
Net Income	154.91	117.57	79.2	52.17	45.85	6.26
Net Income to Common	154.91	117.57	79.2	52.17	45.85	6.26
Net Income Growth	60.63%	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)	7.16%	3.54%	-1.82%	-1.21%	2.00%	17.24%
EPS (Basic)	5.86	4.61	3.19	2.07	1.80	0.25
EPS (Diluted)	5.68	4.48	3.13	2.02	1.76	0.24
EPS Growth	49.38%	43.13%	54.95%	14.77%	633.34%	-51.02%
Free Cash Flow	380.66	260.91	116.09	169.27	87.8	57.36
Free Cash Flow Per Share	13.98	9.95	4.58	6.56	3.36	2.24
Operating Margin	28.94%	27.50%	28.57%	20.92%	23.08%	3.69%
Profit Margin	22.71%	21.23%	21.07%	15.95%	18.50%	3.71%
Free Cash Flow Margin	55.80%	47.11%	30.88%	51.75%	35.43%	34.05%
EBITDA	200.38	154.04	109.12	69.94	58.62	6.46
EBITDA Margin	29.37%	27.81%	29.03%	21.38%	23.66%	3.83%
D&A For EBITDA	2.98	1.71	1.7	1.52	1.44	0.24
EBIT	197.4	152.33	107.42	68.42	57.18	6.22
EBIT Margin	28.94%	27.50%	28.57%	20.92%	23.08%	3.69%
Effective Tax Rate	21.39%	22.24%	23.58%	22.77%	19.76%	-
Revenue as Reported	682.21	553.86	375.93	327.09	247.79	168.46

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q