Palomar Holdings Inc (OQ:PLMR)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 7979 Ivanhoe Ave Ste 500, La Jolla LA JOLLA CA 92037-4513 |
| Tel: | N/A |
| Website: | https://plmr.com |
| IR: | See website |
| Key People | ||
| Mac Armstrong Chairman of the Board, Chief Executive Officer | Jon Christianson President | T. Christophe Uchida Chief Financial Officer |
| Michelle Johnson Chief People and Productivity Officer | Jonathan Knutzen Chief Risk Officer | Angela Grant Chief Legal Officer and Corporate Secretary |
| Business Overview |
| Palomar Holdings, Inc. is an insurance holding company. The Company provides property and casualty insurance products to individuals and businesses. The Company's primary lines of business include Residential and Commercial Earthquake, Fronting, Inland Marine, and Casualty. It distributes its products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. It offers Residential Earthquake products on an admitted and excess and surplus lines (E&S) basis. Its products insure against damage to the home, contents and any appurtenant structures, and reimburse for temporary housing costs in the event of an earthquake. Its Commercial Earthquake products focused on providing coverage for benign commercial risks. Its Inland Marine products include builder's risk, contractor's equipment, mobile equipment, motor truck cargo, miscellaneous floaters, installation floaters, and special property floaters. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Palomar Holdings Inc revenues increased 15% to $375.9M. Net income increased 52% to $79.2M. Revenues reflect Fronting Premiums segment increase of 63% to $364.3M, Commercial Earthquake segment increase of 39% to $183.4M. Basic Earnings per Share excluding Extraordinary Items increased from $2.07 to $3.19. |
| Employees: | 213 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,903M as of Dec 31, 2023 |
| Annual revenue (TTM): | $375.93M as of Dec 31, 2023 |
| EBITDA (TTM): | $216.66M as of Dec 31, 2023 |
| Net annual income (TTM): | $79.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | $103.81M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.05M as of Dec 31, 2023 |
| Shares outstanding: | 24,921,060 as of Apr 2, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.