Palomar Holdings Inc (OQ:PLMR)

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: N/A
Key People
Business Overview
Palomar Holdings, Inc. is a property insurance company. The Company is focused on providing specialty property insurance products for individuals and businesses. Its primary business includes Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane, Residential Flood and REI. It distributes products through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. The Residential Earthquake products offered in 17 states primarily under the brand names Value Select and Flex Choice. Commercial Earthquake products focused on providing coverage for benign commercial risks. Specialty Homeowners product provides admitted insurance coverage to homeowners in wind-exposed coastal regions. Commercial All Risk insurance covers the perils of fire and wind, with wind including hurricane, tornado, and hail storm.
Financial Overview
For the three months ended 31 March 2020, Palomar Holdings Inc revenues increased 70% to $38M. Net income before extraordinary items totaled $11.9M vs. loss of $14.3M. Revenues reflect Interest income increase of 98% to $2M, Dividend income increase from $30K to $125K. Net Income reflects Other underwriting expenses decrease of 72% to $8M (expense), Interest expense decrease from $429K (expense) to $0K.
Employees: 77 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $2,268M as of Mar 31, 2020
Annual revenue (TTM): $129.01M as of Mar 31, 2020
EBITDA (TTM): $91.47M as of Mar 31, 2020
Net annual income (TTM): $38.03M as of Mar 31, 2020
Free cash flow (TTM): $60.94M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 25,239,861 as of Jun 23, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization