Palomar (PLMR) Financials

$124.44 +2.17 (+1.77%)

As of 03:34 PM Eastern

Annual Income Statements for Palomar

This table shows Palomar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	18	11	6.26	46	52	79	118
Consolidated Net Income / (Loss)	18	11	6.26	46	52	79	118
Net Income / (Loss) Continuing Operations	18	11	6.26	46	52	79	118
Total Pre-Tax Income	18	18	6.22	57	68	104	151
Total Revenue	68	112	168	248	326	372	553
Net Interest Income / (Expense)	-2.30	-1.07	0.00	-0.04	-0.87	-3.78	-1.14
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	2.30	1.07	0.00	0.04	0.87	3.78	1.14
Long-Term Debt Interest Expense	2.30	1.07	0.00	0.04	0.87	3.78	1.14
Total Non-Interest Income	71	113	168	248	327	376	554
Other Service Charges	-	2.67	3.30	3.61	4.27	3.37	2.78
Net Realized & Unrealized Capital Gains on Investments	0.67	10	10	10	6.35	27	40
Premiums Earned	70	100	155	234	316	346	511
Total Non-Interest Expense	50	94	162	191	259	269	402
Property & Liability Insurance Claims	6.27	5.59	64	41	79	73	135
Insurance Policy Acquisition Costs	18	51	34	54	69	88	117
Amortization Expense	28	37	64	95	111	108	150
Income Tax Expense	-0.01	7.46	-0.03	11	15	24	34
Basic Earnings per Share	$1.07	$0.49	$0.25	$1.80	$2.07	$3.19	$4.61
Weighted Average Basic Shares Outstanding	17M	21.50M	24.87M	25.46M	25.24M	24.82M	25.52M
Diluted Earnings per Share	$1.07	$0.49	$0.24	$1.76	$2.02	$3.13	$4.48
Weighted Average Diluted Shares Outstanding	17M	21.83M	25.60M	26.11M	25.80M	25.33M	26.22M
Weighted Average Basic & Diluted Shares Outstanding	-	-	25.57M	25.44M	24.98M	24.87M	26.68M

This table shows Palomar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	4.29	19	17	18	18	26	26	26	30	35	43
Consolidated Net Income / (Loss)	4.29	19	17	18	18	26	26	26	30	35	43
Net Income / (Loss) Continuing Operations	4.29	19	17	18	18	26	26	26	30	35	43
Total Pre-Tax Income	5.20	25	23	23	25	33	34	33	39	45	54
Total Revenue	80	88	88	89	90	105	118	131	148	156	175
Net Interest Income / (Expense)	-0.27	-0.40	-1.02	-1.06	-0.87	-0.82	-0.74	-0.23	-0.09	-0.09	-0.09
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.27	0.40	1.02	1.06	0.87	0.82	0.74	0.23	0.09	0.09	0.09
Long-Term Debt Interest Expense	0.27	0.40	1.02	1.06	0.87	0.82	0.74	0.23	0.09	0.09	0.09
Total Non-Interest Income	81	89	89	90	91	105	119	131	149	156	175
Other Service Charges	1.36	1.14	0.70	0.62	0.47	1.59	0.53	0.79	0.72	0.75	0.83
Net Realized & Unrealized Capital Gains on Investments	1.39	5.25	5.27	6.67	4.65	10	10	7.99	12	10	9.73
Premiums Earned	78	82	83	83	86	94	108	122	136	145	164
Total Non-Interest Expense	75	63	66	66	66	71	83	97	110	111	121
Property & Liability Insurance Claims	31	18	21	18	16	18	27	30	40	37	39
Insurance Policy Acquisition Costs	17	18	19	22	22	24	25	31	28	33	36
Amortization Expense	27	27	26	26	27	29	32	36	41	41	46
Income Tax Expense	0.91	6.22	5.32	5.46	6.10	7.56	7.97	7.65	8.01	10.00	11
Basic Earnings per Share	$0.17	$0.75	$0.69	$0.71	$0.75	$1.04	$1.06	$1.03	$1.18	$1.34	$1.61
Weighted Average Basic Shares Outstanding	25.21M	25.24M	24.97M	24.83M	24.74M	24.82M	24.86M	24.95M	25.77M	25.52M	26.66M
Diluted Earnings per Share	$0.17	$0.72	$0.68	$0.69	$0.73	$1.03	$1.04	$1.00	$1.15	$1.29	$1.57
Weighted Average Diluted Shares Outstanding	25.79M	25.80M	25.44M	25.31M	25.24M	25.33M	25.47M	25.62M	26.48M	26.22M	27.40M
Weighted Average Basic & Diluted Shares Outstanding	25.23M	24.98M	24.86M	24.74M	24.73M	24.87M	24.92M	25.01M	26.47M	26.68M	26.74M

This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-1.01	23	0.44	17	18	-16	29
Net Cash From Operating Activities	23	45	57	88	170	116	261
Net Cash From Continuing Operating Activities	23	45	57	88	170	116	261
Net Income / (Loss) Continuing Operations	18	11	6.26	46	52	79	118
Consolidated Net Income / (Loss)	18	11	6.26	46	52	79	118
Provision For Loan Losses	-	-	-	0.11	0.24	0.00	0.00
Depreciation Expense	0.21	0.22	1.34	3.54	4.12	4.50	5.11
Amortization Expense	0.92	1.35	1.21	2.32	1.61	-0.01	-0.95
Non-Cash Adjustments to Reconcile Net Income	2.57	20	1.77	4.95	16	9.15	14
Changes in Operating Assets and Liabilities, net	0.88	12	47	31	96	23	125
Net Cash From Investing Activities	-25	-83	-185	-58	-157	-128	-306
Net Cash From Continuing Investing Activities	-25	-83	-185	-58	-157	-128	-306
Purchase of Property, Leasehold Improvements and Equipment	-0.33	-2.93	-4.07	-4.85	-5.94	-6.76	-6.05
Purchase of Investment Securities	-136	-270	-349	-217	-393	-243	-610
Sale and/or Maturity of Investments	111	190	168	163	242	122	309
Net Cash From Financing Activities	1.55	62	128	-13	5.02	-3.94	74
Net Cash From Continuing Financing Activities	1.55	62	128	-13	5.02	-3.94	74
Issuance of Common Equity	0.00	87	126	0.72	0.76	0.80	117
Repayment of Debt	-18	-20	-	-	-	-	-53
Repurchase of Common Equity	-	0.00	0.00	-16	-34	-22	0.00
Other Financing Activities, Net	0.00	0.00	2.04	2.09	2.27	1.33	9.75
Cash Interest Paid	1.73	1.16	0.00	0.00	0.70	3.68	1.05
Cash Income Taxes Paid	0.01	5.65	7.18	2.10	19	21	38

This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-6.96	39	12	-22	-5.32	-1.44	9.91	-14	39	-6.05	39
Net Cash From Operating Activities	12	75	17	5.77	71	22	33	55	100	73	87
Net Cash From Continuing Operating Activities	-	170	0.00	-	-	116	0.00	-	-	261	0.00
Net Income / (Loss) Continuing Operations	-	52	0.00	-	-	79	0.00	-	-	118	0.00
Net Cash From Investing Activities	-20	-35	-34	-19	-51	-24	-16	-29	-180	-81	-52
Net Cash From Continuing Investing Activities	-20	-35	-34	-19	-51	-24	-16	-26	-183	-81	-52
Purchase of Property, Leasehold Improvements and Equipment	-1.42	-1.49	-1.66	-2.17	-1.51	-1.42	-1.31	-1.54	-1.46	-1.74	-1.42
Purchase of Investment Securities	-76	-103	-55	-72	-73	-43	-179	-57	-219	-155	-351
Sale and/or Maturity of Investments	57	69	23	55	24	20	164	32	38	76	300
Net Cash From Financing Activities	1.22	-1.03	29	-8.52	-25	0.62	-6.88	-40	118	2.68	3.55
Net Cash From Continuing Financing Activities	1.22	-1.03	29	-8.52	-25	0.62	-6.88	12	66	2.68	3.55
Issuance of Common Equity	1.83	-1.40	0.39	-	0.41	-	0.43	-	0.47	116	0.53
Repayment of Debt	-	-	35	-	-	-	-	-	-	-	0.00
Other Financing Activities, Net	-1.02	1.51	0.09	0.22	0.27	0.75	2.28	2.80	118	-113	3.02
Cash Interest Paid	0.25	0.35	1.02	1.02	0.39	1.25	0.71	0.19	0.06	0.08	0.06
Cash Income Taxes Paid	5.79	0.02	0.00	16	5.44	0.03	6.56	17	5.57	9.16	0.01

This table presents Palomar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	231	395	729	926	1,306	1,708	2,262
Cash and Due from Banks	9.53	33	34	50	68	52	80
Restricted Cash	0.40	0.23	0.25	0.09	0.06	0.31	0.10
Trading Account Securities	147	239	422	466	554	690	982
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	0.73	1.39	2.55	2.73	3.78	5.28	8.44
Premises and Equipment, Net	0.95	0.85	0.74	0.53	0.60	0.37	0.43
Unearned Premiums Asset	37	62	84	146	367	528	582
Deferred Acquisition Cost	14	25	35	56	57	61	95
Intangible Assets	0.74	0.74	12	9.50	8.26	12	13
Other Assets	20	32	139	194	248	360	501
Total Liabilities & Shareholders' Equity	231	395	729	926	1,306	1,708	2,262
Total Liabilities	135	177	365	532	922	1,237	1,533
Long-Term Debt	19	-	-	0.00	36	53	0.00
Claims and Claim Expense	16	17	129	173	231	342	503
Unearned Premiums Liability	90	142	206	322	617	779	932
Other Long-Term Liabilities	9.97	18	31	36	36	63	98
Total Equity & Noncontrolling Interests	96	219	364	394	385	471	729
Total Preferred & Common Equity	96	219	364	394	385	471	729
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	96	219	364	394	385	471	729
Common Stock	69	180	311	319	334	351	494
Retained Earnings	28	34	40	70	88	145	262
Accumulated Other Comprehensive Income / (Loss)	-0.56	4.69	13	5.31	-37	-24	-27

This table presents Palomar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,216	1,441	1,546	1,626	1,885	2,016	2,276	2,427
Cash and Due from Banks	29	80	58	53	61	48	86	119
Restricted Cash	0.07	0.07	0.29	0.26	0.38	0.18	0.11	0.02
Trading Account Securities	512	594	602	635	703	727	926	1,038
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	3.33	4.08	4.57	4.86	5.19	5.93	7.50	8.59
Premises and Equipment, Net	0.66	0.54	0.50	0.43	0.31	0.25	0.41	2.39
Unearned Premiums Asset	370	420	485	502	622	661	625	630
Deferred Acquisition Cost	57	54	56	59	67	82	86	103
Intangible Assets	8.58	7.95	13	13	12	12	11	25
Other Assets	236	280	327	360	413	480	533	501
Total Liabilities & Shareholders' Equity	1,216	1,441	1,546	1,626	1,885	2,016	2,276	2,427
Total Liabilities	849	1,036	1,133	1,205	1,383	1,483	1,573	1,636
Claims and Claim Expense	206	265	298	324	402	467	497	544
Unearned Premiums Liability	589	669	728	781	878	952	975	993
Other Long-Term Liabilities	27	31	35	47	60	65	100	100
Total Equity & Noncontrolling Interests	368	405	414	421	502	533	703	790
Total Preferred & Common Equity	368	405	414	421	502	533	703	790
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	368	405	414	421	502	533	703	790
Common Stock	330	337	341	346	357	364	486	502
Retained Earnings	80	98	107	119	171	197	227	305
Accumulated Other Comprehensive Income / (Loss)	-43	-31	-35	-43	-27	-28	-10	-17

This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	64.41%	50.11%	47.07%	31.67%	14.08%	48.52%
EBITDA Growth	0.00%	1.53%	-55.34%	618.10%	16.31%	47.58%	43.67%
EBIT Growth	0.00%	-0.75%	-65.58%	818.17%	18.22%	53.43%	45.88%
NOPAT Growth	0.00%	-41.70%	-41.09%	632.73%	13.79%	51.81%	48.45%
Net Income Growth	0.00%	-41.70%	-41.09%	632.73%	13.79%	51.81%	48.45%
EPS Growth	0.00%	-54.21%	-51.02%	633.33%	14.77%	54.95%	43.13%
Operating Cash Flow Growth	0.00%	95.16%	29.17%	52.74%	93.12%	-31.53%	124.93%
Free Cash Flow Firm Growth	0.00%	0.00%	-50.06%	111.08%	63.63%	-193.30%	-272.83%
Invested Capital Growth	0.00%	89.44%	66.42%	8.37%	6.85%	24.38%	39.17%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	12.92%	4.85%	4.59%	10.19%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-47.34%	-58.17%	-46.13%	-44.07%
EBIT Q/Q Growth	0.00%	-18.04%	0.00%	71.36%	5.60%	8.91%	8.24%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	67.50%	4.25%	9.90%	8.36%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	67.50%	4.25%	9.90%	8.36%
EPS Q/Q Growth	0.00%	0.00%	0.00%	74.26%	3.59%	10.99%	6.16%
Operating Cash Flow Q/Q Growth	0.00%	4.35%	8.43%	74.40%	16.69%	-31.25%	23.89%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	9.47%	33.96%	-24.99%	-208.20%	27.53%
Invested Capital Q/Q Growth	0.00%	4.84%	0.50%	4.34%	6.83%	10.53%	3.66%
Profitability Metrics	-	-	-	-	-	-	-
EBITDA Margin	28.34%	17.50%	5.21%	25.43%	22.46%	29.06%	28.11%
EBIT Margin	26.68%	16.11%	3.69%	23.06%	20.71%	27.85%	27.35%
Profit (Net Income) Margin	26.69%	9.46%	3.71%	18.51%	15.99%	21.28%	21.27%
Tax Burden Percent	100.03%	58.75%	100.55%	80.24%	77.23%	76.42%	77.76%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-0.03%	41.25%	-0.55%	19.76%	22.77%	23.58%	22.24%
Return on Invested Capital (ROIC)	15.79%	6.36%	2.15%	12.10%	12.80%	16.76%	18.77%
ROIC Less NNEP Spread (ROIC-NNEP)	15.79%	6.36%	0.00%	0.00%	12.80%	16.76%	18.77%
Return on Net Nonoperating Assets (RNNOA)	3.13%	0.39%	0.00%	0.00%	0.60%	1.74%	0.82%
Return on Equity (ROE)	18.92%	6.75%	0.00%	0.00%	13.40%	18.50%	19.59%
Cash Return on Invested Capital (CROIC)	0.00%	-55.44%	-47.71%	4.06%	6.18%	-4.97%	-13.98%
Operating Return on Assets (OROA)	7.88%	5.77%	1.11%	6.91%	6.05%	6.88%	7.62%
Return on Assets (ROA)	7.88%	3.39%	1.11%	5.54%	4.67%	5.25%	5.92%
Return on Common Equity (ROCE)	18.92%	6.75%	0.00%	0.00%	13.40%	18.50%	19.59%
Return on Equity Simple (ROE_SIMPLE)	18.92%	4.86%	1.72%	11.63%	13.56%	16.81%	16.13%
Net Operating Profit after Tax (NOPAT)	18	11	6.26	46	52	79	118
NOPAT Margin	26.69%	9.46%	3.71%	18.51%	15.99%	21.28%	21.27%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	73.32%	83.89%	96.31%	76.94%	79.29%	72.15%	72.65%
Earnings before Interest and Taxes (EBIT)	18	18	6.22	57	68	104	151
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	20	8.77	63	73	108	155
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.88	5.42	6.23	4.18	2.96	2.91	3.83
Price to Tangible Book Value (P/TBV)	0.88	5.44	6.44	4.28	3.03	2.99	3.90
Price to Revenue (P/Rev)	1.24	10.56	13.46	6.64	3.49	3.69	5.06
Price to Earnings (P/E)	4.63	111.57	362.33	35.91	21.84	17.33	23.77
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	21.59%	0.90%	0.28%	2.79%	4.58%	5.77%	4.21%
Enterprise Value to Invested Capital (EV/IC)	0.81	5.27	6.14	4.05	2.63	2.62	3.72
Enterprise Value to Revenue (EV/Rev)	1.37	10.26	13.26	6.44	3.40	3.69	4.91
Enterprise Value to EBITDA (EV/EBITDA)	4.83	58.62	254.57	25.33	15.12	12.70	17.47
Enterprise Value to EBIT (EV/EBIT)	5.14	63.70	358.88	27.93	16.40	13.25	17.95
Enterprise Value to NOPAT (EV/NOPAT)	5.13	108.43	356.93	34.81	21.23	17.34	23.08
Enterprise Value to Operating Cash Flow (EV/OCF)	4.10	25.87	38.85	18.17	6.53	11.83	10.39
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	103.68	43.98	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.20	0.00	0.00	0.00	0.09	0.11	0.00
Long-Term Debt to Equity	0.20	0.00	0.00	0.00	0.09	0.11	0.00
Financial Leverage	0.20	0.06	0.00	0.00	0.05	0.10	0.04
Leverage Ratio	2.40	1.99	1.93	2.18	2.87	3.52	3.31
Compound Leverage Factor	2.40	1.99	1.93	2.18	2.87	3.52	3.31
Debt to Total Capital	16.54%	0.00%	0.00%	0.00%	8.64%	10.04%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.54%	0.00%	0.00%	0.00%	8.64%	10.04%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.46%	100.00%	100.00%	100.00%	91.36%	89.96%	100.00%
Debt to EBITDA	0.99	0.00	0.00	0.00	0.50	0.49	0.00
Net Debt to EBITDA	0.47	0.00	0.00	0.00	-0.43	0.01	0.00
Long-Term Debt to EBITDA	0.99	0.00	0.00	0.00	0.50	0.49	0.00
Debt to NOPAT	1.05	0.00	0.00	0.00	0.70	0.66	0.00
Net Debt to NOPAT	0.50	0.00	0.00	0.00	-0.61	0.01	0.00
Long-Term Debt to NOPAT	1.05	0.00	0.00	0.00	0.70	0.66	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-93	-139	15	25	-23	-88
Operating Cash Flow to CapEx	6,869.88%	1,521.22%	1,411.22%	1,809.11%	2,856.86%	1,717.80%	4,319.50%
Free Cash Flow to Firm to Interest Expense	0.00	-86.67	0.00	384.78	28.85	-6.22	-76.98
Operating Cash Flow to Interest Expense	9.90	41.68	0.00	2,195.35	194.25	30.76	229.49
Operating Cash Flow Less CapEx to Interest Expense	9.76	38.94	0.00	2,074.00	187.45	28.97	224.17
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.30	0.36	0.30	0.30	0.29	0.25	0.28
Fixed Asset Turnover	72.08	125.25	212.71	391.39	577.37	762.60	1,378.37
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	115	219	364	394	421	524	729
Invested Capital Turnover	0.59	0.67	0.58	0.65	0.80	0.79	0.88
Increase / (Decrease) in Invested Capital	0.00	103	145	30	27	103	205
Enterprise Value (EV)	94	1,152	2,233	1,596	1,108	1,373	2,714
Market Capitalization	84	1,185	2,267	1,646	1,140	1,373	2,795
Book Value per Share	$5.66	$9.31	$14.25	$15.51	$15.25	$19.05	$27.55
Tangible Book Value per Share	$5.62	$9.28	$13.80	$15.14	$14.92	$18.56	$27.05
Total Capital	115	219	364	394	421	524	729
Total Debt	19	0.00	0.00	0.00	36	53	0.00
Total Long-Term Debt	19	0.00	0.00	0.00	36	53	0.00
Net Debt	9.16	-33	-34	-50	-32	0.75	-81
Capital Expenditures (CapEx)	0.33	2.93	4.07	4.85	5.94	6.76	6.05
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	19	0.00	0.00	0.00	36	53	0.00
Total Depreciation and Amortization (D&A)	1.14	1.57	2.55	5.86	5.72	4.49	4.16
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.25	$1.80	$2.07	$3.19	$4.61
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	24.87M	25.46M	25.24M	24.82M	25.52M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.24	$1.76	$2.02	$3.13	$4.48
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	25.60M	26.11M	25.80M	25.33M	26.22M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	25.57M	25.44M	24.98M	24.87M	26.68M
Normalized Net Operating Profit after Tax (NOPAT)	13	11	4.36	46	52	79	118
Normalized NOPAT Margin	18.68%	9.46%	2.59%	18.51%	15.99%	21.28%	21.27%
Pre Tax Income Margin	26.68%	16.11%	3.69%	23.06%	20.71%	27.85%	27.35%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	7.91	16.93	0.00	1,428.45	77.38	27.45	132.86
NOPAT to Interest Expense	7.91	9.94	0.00	1,146.18	59.76	20.98	103.32
EBIT Less CapEx to Interest Expense	7.76	14.19	0.00	1,307.10	70.58	25.66	127.55
NOPAT Less CapEx to Interest Expense	7.77	7.21	0.00	1,024.83	52.96	19.19	98.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	48.21%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	48.21%	0.00%	34.58%	65.97%	28.11%	0.00%

This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.86%	20.64%	13.03%	12.30%	11.99%	18.53%	33.58%	46.47%	64.78%	48.87%	48.18%
EBITDA Growth	22.14%	6.46%	2.48%	4.52%	59.03%	20.54%	36.94%	40.96%	55.17%	36.96%	51.27%
EBIT Growth	4,160.66%	16.75%	18.58%	25.84%	372.01%	33.96%	51.82%	44.98%	56.93%	34.39%	56.34%
NOPAT Growth	1,642.28%	12.79%	19.10%	20.38%	330.05%	38.04%	52.38%	46.50%	65.46%	35.03%	62.69%
Net Income Growth	1,642.28%	12.79%	19.10%	20.38%	330.05%	38.04%	52.38%	46.50%	65.46%	35.03%	62.69%
EPS Growth	1,600.00%	10.77%	21.43%	21.05%	329.41%	43.06%	52.94%	44.93%	57.53%	25.24%	50.96%
Operating Cash Flow Growth	-73.37%	47.76%	-64.55%	-82.84%	501.39%	-70.32%	89.97%	856.07%	41.96%	226.17%	163.19%
Free Cash Flow Firm Growth	22.09%	40.49%	-1,313.43%	-583.19%	-402.85%	-833.56%	33.33%	67.26%	-224.67%	-121.62%	-380.42%
Invested Capital Growth	4.36%	6.85%	20.40%	20.96%	20.21%	24.38%	14.41%	9.79%	48.40%	39.17%	45.13%
Revenue Q/Q Growth	1.10%	9.70%	-0.05%	1.30%	0.82%	16.10%	12.65%	11.08%	13.43%	4.89%	12.13%
EBITDA Q/Q Growth	-30.98%	59.90%	-6.78%	1.59%	5.02%	21.20%	5.91%	4.57%	15.60%	6.97%	16.98%
EBIT Q/Q Growth	-71.58%	380.49%	-9.40%	1.73%	6.58%	36.37%	2.68%	-2.86%	15.37%	16.78%	19.46%
NOPAT Q/Q Growth	-70.62%	337.66%	-7.70%	1.44%	4.95%	40.48%	1.88%	-2.48%	18.53%	14.65%	22.76%
Net Income Q/Q Growth	-70.62%	337.66%	-7.70%	1.44%	4.95%	40.48%	1.88%	-2.48%	18.53%	14.65%	22.76%
EPS Q/Q Growth	-70.18%	323.53%	-5.56%	1.47%	5.80%	41.10%	0.97%	-3.85%	15.00%	12.17%	21.71%
Operating Cash Flow Q/Q Growth	-65.05%	538.90%	-76.76%	-66.93%	1,124.99%	-68.47%	48.74%	66.42%	81.89%	-27.56%	20.03%
Free Cash Flow Firm Q/Q Growth	-25.19%	32.47%	-669.86%	-4.97%	7.86%	-25.38%	45.02%	48.45%	-813.60%	14.42%	-19.19%
Invested Capital Q/Q Growth	-1.70%	6.83%	13.03%	1.90%	-2.30%	10.53%	3.97%	-2.21%	32.05%	3.66%	8.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.30%	58.74%	54.78%	54.94%	57.22%	59.73%	56.16%	52.87%	53.88%	54.95%	57.33%
EBIT Margin	6.46%	28.31%	25.66%	25.77%	27.24%	32.00%	29.17%	25.51%	25.94%	28.88%	30.77%
Profit (Net Income) Margin	5.33%	21.26%	19.63%	19.66%	20.46%	24.76%	22.40%	19.66%	20.55%	22.46%	24.59%
Tax Burden Percent	82.45%	75.10%	76.51%	76.29%	75.13%	77.39%	76.79%	77.09%	79.21%	77.76%	79.91%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	17.55%	24.90%	23.49%	23.71%	24.87%	22.61%	23.21%	22.91%	20.79%	22.24%	20.09%
Return on Invested Capital (ROIC)	4.30%	17.01%	15.16%	15.36%	16.77%	19.50%	17.63%	17.13%	17.51%	19.82%	22.45%
ROIC Less NNEP Spread (ROIC-NNEP)	4.30%	17.01%	15.16%	15.36%	16.77%	19.50%	17.63%	17.13%	17.51%	19.82%	22.45%
Return on Net Nonoperating Assets (RNNOA)	0.15%	0.80%	1.67%	1.83%	1.68%	2.03%	2.23%	1.29%	0.82%	0.87%	0.75%
Return on Equity (ROE)	4.45%	17.81%	16.82%	17.19%	18.45%	21.53%	19.86%	18.42%	18.33%	20.69%	23.20%
Cash Return on Invested Capital (CROIC)	8.70%	6.18%	-5.90%	-5.90%	-1.76%	-4.97%	3.85%	9.62%	-20.54%	-13.98%	-16.73%
Operating Return on Assets (OROA)	1.92%	8.27%	7.20%	6.87%	6.82%	7.90%	7.05%	6.35%	6.67%	8.04%	8.70%
Return on Assets (ROA)	1.58%	6.21%	5.51%	5.24%	5.12%	6.11%	5.41%	4.89%	5.28%	6.25%	6.95%
Return on Common Equity (ROCE)	4.45%	17.81%	16.82%	17.19%	18.45%	21.53%	19.86%	18.42%	18.33%	20.69%	23.20%
Return on Equity Simple (ROE_SIMPLE)	13.60%	0.00%	13.58%	14.00%	17.10%	0.00%	17.60%	18.11%	15.43%	0.00%	16.97%
Net Operating Profit after Tax (NOPAT)	4.29	19	17	18	18	26	26	26	30	35	43
NOPAT Margin	5.33%	21.26%	19.63%	19.66%	20.46%	24.76%	22.40%	19.66%	20.55%	22.46%	24.59%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	93.54%	71.69%	74.34%	74.23%	72.76%	68.00%	70.83%	74.49%	74.06%	71.12%	69.23%
Earnings before Interest and Taxes (EBIT)	5.20	25	23	23	25	33	34	33	39	45	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	52	48	49	52	62	66	69	80	86	100
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.75	2.96	3.41	3.49	2.98	2.91	4.13	3.80	3.37	3.83	4.63
Price to Tangible Book Value (P/TBV)	5.88	3.03	3.48	3.60	3.07	2.99	4.23	3.88	3.42	3.90	4.78
Price to Revenue (P/Rev)	6.79	3.49	4.10	4.17	3.53	3.69	5.16	4.56	4.72	5.06	6.00
Price to Earnings (P/E)	42.24	21.84	25.10	24.91	17.42	17.33	23.49	20.97	21.82	23.77	27.27
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.37%	4.58%	3.98%	4.01%	5.74%	5.77%	4.26%	4.77%	4.58%	4.21%	3.67%
Enterprise Value to Invested Capital (EV/IC)	5.35	2.63	2.88	3.00	2.65	2.62	3.77	3.71	3.24	3.72	4.48
Enterprise Value to Revenue (EV/Rev)	6.78	3.40	4.07	4.20	3.53	3.69	5.11	4.45	4.55	4.91	5.80
Enterprise Value to EBITDA (EV/EBITDA)	12.05	15.12	7.63	8.01	6.25	12.70	8.96	7.92	8.21	17.47	10.57
Enterprise Value to EBIT (EV/EBIT)	32.99	16.40	19.27	19.20	13.19	13.25	17.81	15.71	16.33	17.95	20.74
Enterprise Value to NOPAT (EV/NOPAT)	42.17	21.23	24.94	25.13	17.41	17.34	23.27	20.47	21.02	23.08	26.38
Enterprise Value to Operating Cash Flow (EV/OCF)	14.52	6.53	9.94	13.23	7.43	11.83	15.59	10.90	10.82	10.39	11.22
Enterprise Value to Free Cash Flow (EV/FCFF)	62.86	43.98	0.00	0.00	0.00	0.00	104.49	40.35	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.09	0.18	0.17	0.12	0.11	0.09	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.07	0.09	0.18	0.17	0.12	0.11	0.09	0.00	0.00	0.00	0.00
Financial Leverage	0.04	0.05	0.11	0.12	0.10	0.10	0.13	0.08	0.05	0.04	0.03
Leverage Ratio	2.81	2.87	3.06	3.28	3.60	3.52	3.67	3.76	3.47	3.31	3.34
Compound Leverage Factor	2.81	2.87	3.06	3.28	3.60	3.52	3.67	3.76	3.47	3.31	3.34
Debt to Total Capital	6.70%	8.64%	15.00%	14.72%	11.10%	10.04%	7.89%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.70%	8.64%	15.00%	14.72%	11.10%	10.04%	7.89%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.30%	91.36%	85.00%	85.28%	88.90%	89.96%	92.11%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.15	0.50	0.40	0.39	0.26	0.49	0.19	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.02	-0.43	-0.05	0.07	0.00	0.01	-0.08	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.15	0.50	0.40	0.39	0.26	0.49	0.19	0.00	0.00	0.00	0.00
Debt to NOPAT	0.53	0.70	1.30	1.23	0.73	0.66	0.49	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-0.06	-0.61	-0.16	0.22	-0.01	0.01	-0.21	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.53	0.70	1.30	1.23	0.73	0.66	0.49	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-12	-8.23	-63	-66	-61	-77	-42	-22	-199	-170	-203
Operating Cash Flow to CapEx	826.53%	5,032.80%	1,051.69%	265.71%	4,674.59%	1,568.31%	2,538.31%	3,572.72%	6,862.97%	4,181.75%	6,131.01%
Free Cash Flow to Firm to Interest Expense	-45.12	-20.62	-62.09	-62.48	-70.65	-93.21	-57.06	-96.75	-2,286.00	-1,979.22	-2,386.69
Operating Cash Flow to Interest Expense	43.50	188.07	17.10	5.42	81.47	27.03	44.76	245.01	1,152.51	844.62	1,025.68
Operating Cash Flow Less CapEx to Interest Expense	38.24	184.33	15.47	3.38	79.73	25.30	43.00	238.15	1,135.71	824.42	1,008.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.29	0.28	0.27	0.25	0.25	0.24	0.25	0.26	0.28	0.28
Fixed Asset Turnover	501.40	577.37	657.63	584.24	649.28	762.60	943.11	1,180.50	1,191.51	1,378.37	450.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	394	421	476	485	474	524	545	533	703	729	790
Invested Capital Turnover	0.81	0.80	0.77	0.78	0.82	0.79	0.79	0.87	0.85	0.88	0.91
Increase / (Decrease) in Invested Capital	16	27	81	84	80	103	69	47	229	205	246
Enterprise Value (EV)	2,110	1,108	1,370	1,456	1,255	1,373	2,054	1,975	2,281	2,714	3,538
Market Capitalization	2,114	1,140	1,379	1,443	1,256	1,373	2,073	2,023	2,368	2,795	3,657
Book Value per Share	$14.57	$15.25	$16.20	$16.64	$17.03	$19.05	$20.18	$21.37	$28.12	$27.55	$29.63
Tangible Book Value per Share	$14.23	$14.92	$15.88	$16.12	$16.52	$18.56	$19.70	$20.91	$27.67	$27.05	$28.70
Total Capital	394	421	476	485	474	524	545	533	703	729	790
Total Debt	26	36	71	71	53	53	43	0.00	0.00	0.00	0.00
Total Long-Term Debt	26	36	71	71	53	53	43	0.00	0.00	0.00	0.00
Net Debt	-3.14	-32	-8.96	13	-0.69	0.75	-19	-48	-87	-81	-119
Capital Expenditures (CapEx)	1.42	1.49	1.66	2.17	1.51	1.42	1.31	1.54	1.46	1.74	1.42
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	26	36	71	71	53	53	43	0.00	0.00	0.00	0.00
Total Depreciation and Amortization (D&A)	27	27	26	26	27	29	32	36	41	41	46
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.17	$0.75	$0.69	$0.71	$0.75	$1.04	$1.06	$1.03	$1.18	$1.34	$1.61
Adjusted Weighted Average Basic Shares Outstanding	25.21M	25.24M	24.97M	24.83M	24.74M	24.82M	24.86M	24.95M	25.77M	25.52M	26.66M
Adjusted Diluted Earnings per Share	$0.17	$0.72	$0.68	$0.69	$0.73	$1.03	$1.04	$1.00	$1.15	$1.29	$1.57
Adjusted Weighted Average Diluted Shares Outstanding	25.79M	25.80M	25.44M	25.31M	25.24M	25.33M	25.47M	25.62M	26.48M	26.22M	27.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.23M	24.98M	24.86M	24.74M	24.73M	24.87M	24.92M	25.01M	26.47M	26.68M	26.74M
Normalized Net Operating Profit after Tax (NOPAT)	4.29	19	17	18	18	26	26	26	30	35	43
Normalized NOPAT Margin	5.33%	21.26%	19.63%	19.66%	20.46%	24.76%	22.40%	19.66%	20.55%	22.46%	24.59%
Pre Tax Income Margin	6.46%	28.31%	25.66%	25.77%	27.24%	32.00%	29.17%	25.51%	25.94%	28.88%	30.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.25	62.60	22.19	21.64	28.30	40.60	46.43	148.33	442.56	522.83	631.92
NOPAT to Interest Expense	15.87	47.01	16.97	16.51	21.26	31.42	35.65	114.35	350.54	406.57	504.96
EBIT Less CapEx to Interest Expense	13.99	58.86	20.56	19.60	26.56	38.88	44.66	141.47	425.77	502.63	615.19
NOPAT Less CapEx to Interest Expense	10.61	43.28	15.35	14.47	19.52	29.70	33.89	107.49	333.75	386.37	488.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	46.51%	65.97%	51.42%	51.29%	46.18%	28.11%	17.49%	6.95%	0.12%	0.00%	0.00%

Key Financial Trends

Palomar Holdings, Inc. (NASDAQ: PLMR) has exhibited strong financial performance and growth over the past several years, with key metrics from Q3 2022 through Q1 2025 providing insight on revenue trends, profitability, cash flow, and balance sheet strength.

Positive Factors:

Total Revenue has shown consistent growth, rising from $80.4 million in Q3 2022 to $174.5 million in Q1 2025, reflecting expansion in premiums earned and investment income.
Premiums earned increased from $77.9 million in Q3 2022 to $164.1 million in Q1 2025, demonstrating growth in the core insurance business.
Net Realized & Unrealized Capital Gains on Investments increased substantially, reaching $9.7 million in Q1 2025, up from $1.4 million in Q3 2022, boosting non-interest income.
Net Income attributable to common shareholders rose from $18.4 million in Q3 2024 to $42.9 million in Q1 2025, indicating improved profitability.
Basic earnings per share increased from $0.17 in Q3 2022 to $1.61 in Q1 2025, showing strong earnings growth on a per-share basis.
Cash and cash equivalents grew markedly to $119.3 million in Q1 2025 from $29.5 million in Q3 2022, strengthening liquidity.
Total common equity has increased steadily, reaching $790.4 million in Q1 2025, providing a solid capital base.
Operating cash flow remains robust with $87.2 million generated in Q1 2025, supporting business operations and investment.
Repayment of debt was noted in Q1 2023 cash flows, reducing leverage and interest expense compared to prior periods with higher interest costs.

Neutral Factors:

Long-term debt interest expense decreased significantly over time from $1.06 million in Q2 2023 to $85,000 in Q1 2025, aligned with debt reduction.
Weighted average diluted shares outstanding have increased slightly from around 25 million in early 2023 to about 27.4 million in Q1 2025, which may modestly dilute earnings.
Insurance policy acquisition costs and amortization expenses have risen in line with business growth but remain proportionate to revenue levels.
Unearned premiums liability and unearned premiums asset have both increased, reflecting growth in the insurance book but maintaining balance.

Negative Factors:

Long-term debt levels have fluctuated, with $71.4 million outstanding in early 2023 dropping to zero in recent periods, indicating active debt management but also potential refinancing challenges.
Total non-interest expenses have increased from $65.5 million in Q1 2023 to $120.8 million in Q1 2025, which could pressure margins if revenue growth slows.
Property and liability insurance claims have risen from $20.7 million in Q1 2023 to $38.7 million in Q1 2025, which could indicate higher claim frequency or severity impacting profits.
Cash interest paid was $714,000 in Q1 2023 but dropped to $60,000 in Q1 2025, reflecting lower debt levels; however, cash interest expense continues to be a cash outflow.
Net cash from financing activities was negative in some quarters due to equity repurchases and other financing uses, which can impact cash reserves.

Overall, Palomar Holdings has demonstrated healthy revenue and earnings growth driven by increased premiums and investment gains, accompanied by prudent debt reduction and strong equity growth. Rising operating expenses and claims costs warrant monitoring going forward, but current profitability trends and strong cash flow position PALMR favorably for continued expansion.

09/03/25 02:58 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Palomar's Financials

When does Palomar's financial year end?

According to the most recent income statement we have on file, Palomar's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Palomar's net income changed over the last 6 years?

Palomar's net income appears to be on an upward trend, with a most recent value of $117.57 million in 2024, rising from $18.22 million in 2018. The previous period was $79.20 million in 2023. See where experts think Palomar is headed by visiting Palomar's forecast page.

How has Palomar's revenue changed over the last 6 years?

Over the last 6 years, Palomar's total revenue changed from $68.26 million in 2018 to $552.73 million in 2024, a change of 709.7%.

How much debt does Palomar have?

Palomar's total liabilities were at $1.53 billion at the end of 2024, a 24.0% increase from 2023, and a 1,037.0% increase since 2018.

How much cash does Palomar have?

In the past 6 years, Palomar's cash and equivalents has ranged from $9.53 million in 2018 to $80.44 million in 2024, and is currently $80.44 million as of their latest financial filing in 2024.

How has Palomar's book value per share changed over the last 6 years?

Over the last 6 years, Palomar's book value per share changed from 5.66 in 2018 to 27.55 in 2024, a change of 386.3%.

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This page (NASDAQ:PLMR) was last updated on 9/3/2025 by MarketBeat.com Staff

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Palomar (PLMR) Financials

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