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Palomar Holdings Inc

Financial Services US PLMR

108.39USD
1.23(1.15%)

Last update at 2024-11-20T21:00:00Z

Day Range

105.66108.46
LowHigh

52 Week Range

48.0889.22
LowHigh

Fundamentals

  • Previous Close 107.16
  • Market Cap2023.02M
  • Volume163830
  • P/E Ratio23.39
  • Dividend Yield-%
  • EBITDA120.64M
  • Revenue TTM405.26M
  • Revenue Per Share TTM16.34
  • Gross Profit TTM 80.05M
  • Diluted EPS TTM3.47

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 67.55M 57.14M 6.22M 18.08M 18.21M
Minority interest - - - - -
Net income 52.17M 45.85M 6.26M 10.62M 18.22M
Selling general administrative - - - - -
Selling and marketing expenses - - - - -
Gross profit 327.09M 247.79M 168.46M 113.30M 72.97M
Reconciled depreciation 4.12M 3.54M 1.34M 0.22M 0.21M
Ebit 68.42M 57.14M 6.22M 18.08M 20.52M
Ebitda 74.15M 60.68M 7.56M 18.29M 20.73M
Depreciation and amortization 5.72M 3.54M 1.34M 0.22M 0.21M
Non operating income net other - - - - -
Operating income 68.42M 57.14M 6.22M 18.08M 20.52M
Other operating expenses 259.54M 190.65M 162.24M 95.22M 54.76M
Interest expense 0.87M 0.04M 0.00000M 1.07M 2.30M
Tax provision 15.38M 11.29M -0.03400M 7.46M -0.00600M
Interest income 14.37M 9.58M 9.04M 6.32M 3.55M
Net interest income -0.87300M -0.04000M 0.00000M -1.06800M -2.30300M
Extraordinary items - - - -1.14900M -
Non recurring - - - - -
Other items - - - - -
Income tax expense 15.38M 11.29M -0.03400M 7.46M -0.00600M
Total revenue 327.09M 247.79M 168.46M 113.30M 72.97M
Total operating expenses 259.54M -190.65300M -162.24000M -95.21900M -52.45500M
Cost of revenue - - - 88.92M 49.09M
Total other income expense net -0.87300M -0.04000M 3.29M -1.06800M -2.30300M
Discontinued operations - - - - -
Net income from continuing ops 52.17M 45.85M 6.26M 10.62M 18.22M
Net income applicable to common shares 52.17M 45.85M 6.26M 10.62M 18.22M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1165.42M 1298.82M 925.73M 729.09M 395.46M
Intangible assets 8.56M 8.26M 9.50M 11.51M 0.74M
Earning assets - - - - -
Other current assets 319.11M -348.34500M -278.53000M -290.56300M -149.36800M
Total liab 694.17M 914.06M 531.57M 365.38M 176.91M
Total stockholder equity 471.25M 384.75M 394.17M 363.71M 218.56M
Deferred long term liab - - 3.91M 5.38M -
Other current liab 23.11M -200.65500M -58.74400M -42.96300M -24.93800M
Common stock 0.00300M 0.00300M 0.00300M 0.00300M 0.00200M
Capital stock 0.00300M 0.00300M 0.00300M 0.00300M 0.00200M
Retained earnings 144.64M 87.71M 69.95M 39.96M 33.86M
Other liab - 53.54M 3.91M 5.38M 2.00M
Good will 3.75M - - - -
Other assets - 696.16M -278.53000M -290.56300M -149.36800M
Cash 51.85M 68.11M 50.28M 33.54M 33.12M
Cash and equivalents - - - - -
Total current liabilities 254.48M 10.28M 58.74M 42.96M 24.94M
Current deferred revenue -45.34500M - - - -
Net debt 0.75M -31.70800M -50.28400M -33.53800M -33.11900M
Short term debt 52.60M 36.40M - - -
Short long term debt 52.60M 36.40M - - -
Short long term debt total 52.60M 36.40M - - -
Other stockholder equity 350.60M 333.56M 318.90M 310.51M 180.01M
Property plant equipment - 0.60M 0.53M 0.74M 0.84M
Total current assets 319.11M 583.17M 728.29M 585.10M 303.76M
Long term investments 689.58M 553.64M 465.94M 424.85M 239.48M
Net tangible assets - 376.49M 384.67M 352.20M 217.81M
Short term investments 643.80M 515.06M 432.68M 397.99M 217.15M
Net receivables 538.77M 348.35M 245.33M 153.57M 53.49M
Long term debt - 47.08M 10.88M 4.51M -
Inventory -1234.11100M - - - -
Accounts payable 224.12M 164.25M 58.74M 42.96M 24.94M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -23.99100M -36.51400M 5.31M 13.25M 4.69M
Additional paid in capital - - - - -
Common stock total equity - 0.00300M 0.00300M 0.00300M 0.00200M
Preferred stock total equity - - - - -
Retained earnings total equity - 87.71M 69.95M 39.96M -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 820.89M -553.64000M -475.97100M -434.56000M -241.06800M
Deferred long term asset charges - - - - -
Non current assets total 846.31M 19.49M 475.97M 434.56M 241.07M
Capital lease obligations - - - - -
Long term debt total - 47.08M 10.88M 4.51M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -149.90600M -54.82300M -171.72000M -80.56600M -25.36500M
Change to liabilities 300.74M 115.46M 68.85M 54.53M 19.90M
Total cashflows from investing activities -156.80700M -58.18800M -181.44300M -80.56600M -25.36500M
Net borrowings 36.40M 36.40M 36.40M -20.00000M 1.55M
Total cash from financing activities 5.02M -13.04100M 128.33M 62.29M 1.55M
Change to operating activities -21.40800M -30.00800M -2.27200M -28.83900M -15.46100M
Net income 52.17M 45.85M 6.26M 10.62M 18.22M
Change in cash 17.79M 16.59M 0.44M 23.43M -1.00800M
Begin period cash flow 50.37M 33.79M 33.35M 9.92M 10.93M
End period cash flow 68.16M 50.37M 33.79M 33.35M 9.92M
Total cash from operating activities 169.58M 87.81M 53.55M 41.70M 22.81M
Issuance of capital stock 0.00000M 0.00000M 125.55M 87.41M -
Depreciation 4.12M 3.54M 1.34M 0.22M 0.21M
Other cashflows from investing activities -6.58800M -3.34700M -9.59100M 1.02M 0.25M
Dividends paid - 0.00000M 0.00000M 5.12M -
Change to inventory - 129.00M 136.63M 36.59M -5.03500M
Change to account receivables -111.14400M -91.75700M -100.22700M -20.29700M -3.47600M
Sale purchase of stock -34.41500M -15.85200M 0.74M -62.29100M -
Other cashflows from financing activities 37.16M 0.72M 2.04M 62.29M 19.05M
Change to netincome 15.63M 4.95M 1.77M 20.74M 3.05M
Capital expenditures 5.94M 4.85M 4.07M 2.93M 0.33M
Change receivables -112.39800M -85.57000M -98.52900M - -
Cash flows other operating -92.28700M 1.27M 72.65M - -
Exchange rate changes - - - - -
Cash and cash equivalents changes 17.79M 16.59M 0.44M - -
Change in working capital 95.82M 31.05M 42.97M 9.20M 0.88M
Stock based compensation 11.62M 5.58M 2.17M 24.10M -
Other non cash items 9.37M 1.15M -0.27400M -3.09000M 3.49M
Free cash flow 163.65M 82.96M 49.48M 38.77M 22.48M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
PLMR
Palomar Holdings Inc
1.23 1.15% 108.39 23.39 - 4.93 3.94 4.94
PGR
Progressive Corp
- -% 257.02 34.22 20.33 1.55 5.46 1.70
CB
Chubb Ltd
-0.915 0.32% 282.95 12.92 10.49 1.85 1.73 2.18
TKOMF
Tokio Marine Holdings Inc.
- -% 36.15 14.81 10.00 0.0069 1.59 0.0064
TKOMY
Tokio Marine Holdings Inc
-2.22 5.76% 36.32 14.42 10.09 0.007 1.61 0.0064

Reports Covered

Stock Research & News

Profile

Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

Palomar Holdings Inc

7979 Ivanhoe Avenue, La Jolla, CA, United States, 92037

Key Executives

Name Title Year Born
Mr. D. McDonald Armstrong Founder, CEO & Chairman NA
Mr. Jon Marcus Christianson Pres 1980
Mr. Toshio Christopher Uchida Chief Financial Officer 1975
Mr. Jonathan Blake Knutzen Chief Risk Officer 1972
Ms. Elizabeth Whitaker Seitz Chief Accounting Officer NA
Mr. Mark Brose Chief Technology Officer NA
Ms. Angela Leann Grant Chief Legal Officer & Corp. Sec. 1969
Mr. Kyle Morgan Sr. VP of Corp. Devel. & Strategy NA
Mr. John MacDonald Sr. VP of Marketing NA
Ms. Michelle Antoinette Johnson Chief Talent & Diversity Officer 1976

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