Palomar Holdings Inc. | Mid-cap | Financial Services
$143.65
-3.45%
| Palomar Holdings Stock Comparison:
Palomar Holdings vs ProgressivePalomar Holdings vs ChubbPalomar Holdings vs Old RepublicPalomar Holdings vs RLIPalomar Holdings vs Hanover InsurancePalomar Holdings vs S&P 500 | Market
Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 553.9M
Net Income 117.6M 21.23%
EPS (Diluted) $4.48

Balance Sheet Metrics

Total Assets 2.3B
Total Liabilities 1.5B
Shareholders Equity 729.0M
Debt to Equity 2.10

Cash Flow Metrics

Operating Cash Flow -22.0M
Free Cash Flow 252.6M

Revenue & Profitability Trend

Palomar Holdings Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue 553.9M 375.9M 327.1M 247.8M 168.5M
Cost of Goods Sold - - - - -
Gross Profit - - - - -
Operating Expenses 0 0 0 0 0
Operating Income - - - - -
Pre-tax Income 151.2M 103.6M 67.6M 57.1M 6.2M
Income Tax 33.6M 24.4M 15.4M 11.3M -34.0K
Net Income 117.6M 79.2M 52.2M 45.8M 6.3M
EPS (Diluted) $4.48 $3.13 $2.02 $1.76 $0.24

Income Statement Trend

Palomar Holdings Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets - - - - -
Non-Current Assets - - - - -
Total Assets 2.3B - - - -
Liabilities
Current Liabilities - - - - -
Non-Current Liabilities - - - - -
Total Liabilities 1.5B - - - -
Equity
Total Shareholders Equity 729.0M 471.3M 384.8M 394.2M 363.7M

Balance Sheet Composition

Palomar Holdings Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income 117.6M 79.2M 52.2M 45.8M 6.3M
Operating Cash Flow -22.0M -44.0M 62.4M -45.8M -84.1M
Investing Activities
Capital Expenditures -243.0K -15.0K -313.0K -18.0K -132.0K
Investing Cash Flow -298.0M -121.7M -151.2M -53.4M -174.4M
Financing Activities
Dividends Paid - - - 0 0
Financing Cash Flow 65.9M -6.0M 2.0M -15.9M 125.5M
Free Cash Flow 252.6M 109.3M 163.6M 83.0M 46.4M

Cash Flow Trend

Palomar Holdings Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 31.94
Forward P/E 27.40
Price to Book 5.41
Price to Sales 7.02
PEG Ratio 27.40

Profitability Ratios

Profit Margin 21.99%
Operating Margin 30.81%
Return on Equity 20.76%
Return on Assets 4.96%

Financial Health

Current Ratio 0.58
Debt to Equity 0.00
Beta 0.50

Per Share Data

EPS (TTM) $5.01
Book Value per Share $29.57
Revenue per Share $23.49

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
plmr 4.3B 31.94 5.41 20.76% 21.99% 0.00
Progressive 156.2B 17.96 5.39 34.34% 11.10% 23.81
Chubb 115.5B 13.89 1.76 12.86% 15.03% 29.87
Old Republic 9.4B 12.45 1.57 12.67% 9.38% 26.74
RLI 6.8B 24.31 4.21 17.99% 16.22% 7.15
Hanover Insurance 6.0B 13.89 1.97 15.74% 6.97% 25.76

Financial data is updated regularly. All figures are in the company's reporting currency.