Financial Snapshot

Revenue
$503.5M
TTM
Gross Margin
75.66%
TTM
Net Earnings
$108.5M
TTM
Current Assets
Current Liabilities
$75.42M
Q3 2024
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$703.3M
Q3 2024
Cash
Q3 2024
P/E
25.45
Nov 14, 2024 EST
Free Cash Flow
$106.3M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $375.9M $327.1M $247.8M $168.5M $113.3M $73.00M $59.50M $42.70M
YoY Change 14.93% 32.0% 47.09% 48.69% 55.2% 22.69% 39.34%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $375.9M $327.1M $247.8M $168.5M $113.3M $73.00M $59.50M $42.70M
Cost Of Revenue $78.67M $41.46M $64.12M $5.593M
Gross Profit $248.4M $206.3M $104.3M $107.7M
Gross Profit Margin 75.95% 83.27% 61.94% 95.06%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.503M $4.115M $3.544M $1.336M $216.0K $210.0K $160.0K $90.00K
YoY Change 9.43% 16.11% 165.27% 518.52% 2.86% 31.25% 77.78%
% of Gross Profit 1.66% 1.72% 1.28% 0.2%
Operating Expenses $268.5M $258.7M $190.6M $162.2M $94.20M $52.50M $52.80M $34.80M
YoY Change 3.81% 35.7% 17.52% 72.19% 79.43% -0.57% 51.72%
Operating Profit -$10.25M $15.72M -$57.85M $13.50M
YoY Change -165.19% -127.17% -528.44%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense -$3.775M $873.0K $40.00K $0.00 $1.068M -$2.300M -$1.700M -$1.600M
YoY Change -532.42% 2082.5% -100.0% -146.43% 35.29% 6.25%
% of Operating Profit 0.25% 7.91%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $103.6M $67.55M $57.14M $6.223M $18.08M $18.20M $4.900M $6.300M
YoY Change 53.43% 18.22% 818.17% -65.58% -0.68% 271.43% -22.22%
Income Tax $24.44M $15.38M $11.29M -$34.00K $7.456M $0.00 $600.0K -$300.0K
% Of Pretax Income 23.58% 22.77% 19.76% -0.55% 41.25% 0.0% 12.24% -4.76%
Net Earnings $79.20M $52.17M $45.85M $6.257M $10.62M $18.20M $3.800M $6.600M
YoY Change 51.81% 13.79% 632.73% -41.09% -41.64% 378.95% -42.42%
Net Earnings / Revenue 21.07% 15.95% 18.5% 3.71% 9.37% 24.93% 6.39% 15.46%
Basic Earnings Per Share $3.19 $2.07 $1.80 $0.25 $0.49
Diluted Earnings Per Share $3.13 $2.02 $1.76 $0.24 $0.49 $805.3K $168.1K $292.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $51.55M $68.11M $50.28M $33.50M $33.10M $9.500M $10.80M $9.800M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $373.0K $2.291M $2.163M $700.0K $800.0K $900.0K $800.0K $900.0K
YoY Change -83.72% 5.92% 209.0% -12.5% -11.11% 12.5% -11.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $689.6M $553.6M $465.9M $422.3M $239.5M $147.4M $125.5M $104.8M
YoY Change 24.55% 18.82% 10.33% 76.33% 62.48% 17.45% 19.75%
Other Assets $10.43M $10.68M $87.00K $200.0K $200.0K $400.0K $200.0K $1.900M
YoY Change -2.37% 12173.56% -56.5% 0.0% -50.0% 100.0% -89.47%
Total Long-Term Assets
YoY Change
Total Assets $1.708B $1.306B $925.7M $729.1M $395.5M $231.1M $188.4M $145.1M
YoY Change
Accounts Payable $42.38M $23.69M $19.10M $20.70M $13.60M $9.200M $23.60M $4.300M
YoY Change 78.85% 24.07% -7.74% 52.21% 47.83% -61.02% 448.84%
Accrued Expenses $1.085M $2.066M $2.187M
YoY Change -47.48% -5.53%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $49.63M $25.76M $21.28M $20.70M $14.70M $9.200M $23.60M $4.300M
YoY Change 92.67% 21.03% 2.82% 40.82% 59.78% -61.02% 448.84%
Long-Term Debt $52.60M $0.00 $0.00 $0.00 $0.00 $19.10M $0.00 $17.00M
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $36.40M
YoY Change
Total Long-Term Liabilities $52.60M $36.40M $0.00 $0.00 $0.00 $19.10M $0.00 $17.00M
YoY Change 44.51% -100.0% -100.0%
Total Liabilities $1.237B $921.7M $531.6M $365.4M $176.9M $134.8M $109.9M $72.00M
YoY Change 34.18% 73.39% 45.47% 106.56% 31.23% 22.66% 52.64%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 24.82M 25.24M 25.46M 24.87M 21.50M
Diluted Shares Outstanding 25.33M 25.80M 26.11M 25.60M 21.83M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.7612 Billion

About Palomar Holdings Inc

Palomar Holdings, Inc. is a specialty insurance company, which engages in the provision of property and casualty insurance products to individuals and businesses. The company is headquartered in La Jolla, California and currently employs 213 full-time employees. The company went IPO on 2019-04-17. The firm provides property and casualty insurance products to individuals and businesses. The firm's primary lines of business include Residential and Commercial Earthquake, Fronting, Inland Marine, and Casualty. The company distributes its products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. The company 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.

Industry: Fire, Marine & Casualty Insurance Peers: Hanover Insurance Group Inc White Mountains Insurance Group Ltd Kemper Corp Lemonade Inc Mercury General Corp RLI Corp Progressive Corp Safety Insurance Group Inc Stewart Information Services Corp