Palomar Holdings, Inc. (FRA:PH8)

Palomar Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Premiums & Annuity Revenue	802.64	510.69	345.91	316.47	233.83
Total Interest & Dividend Income	56.01	35.82	23.71	13.88	9.08
Gain (Loss) on Sale of Investments	11.83	4.57	2.94	-7.53	1.28
Other Revenue	5.5	2.78	3.37	4.27	3.61
Total Revenue	875.97	553.86	375.93	327.09	247.79
Revenue Growth (YoY)	58.16%	47.33%	14.93%	32.00%	47.09%
Policy Benefits	228.59	134.76	72.59	78.67	41.46
Policy Acquisition & Underwriting Costs	393.59	250.09	181	168.37	143.57
Total Operating Expenses	622.19	401.53	268.51	258.66	190.61
Operating Income	253.78	152.33	107.42	68.42	57.18
Interest Expense	-0.39	-1.14	-3.78	-0.87	-0.04
Pretax Income	253.39	151.2	103.64	67.55	57.14
Income Tax Expense	56.32	33.62	24.44	15.38	11.29
Net Income	197.07	117.57	79.2	52.17	45.85
Net Income to Common	197.07	117.57	79.2	52.17	45.85
Net Income Growth	67.62%	48.45%	51.81%	13.79%	632.73%
Shares Outstanding (Basic)	27	26	25	25	25
Shares Outstanding (Diluted)	27	26	25	26	26
Shares Change (YoY)	4.81%	3.54%	-1.82%	-1.21%	2.00%
EPS (Basic)	7.40	4.61	3.19	2.07	1.80
EPS (Diluted)	7.17	4.48	3.13	2.02	1.76
EPS Growth	60.05%	43.13%	54.95%	14.77%	633.34%
Free Cash Flow	-	260.91	116.09	169.27	87.8
Free Cash Flow Per Share	-	9.95	4.58	6.56	3.36
Operating Margin	28.97%	27.50%	28.57%	20.92%	23.08%
Profit Margin	22.50%	21.23%	21.07%	15.95%	18.50%
Free Cash Flow Margin	-	47.11%	30.88%	51.75%	35.43%
EBITDA	258.32	154.04	109.12	69.94	58.62
EBITDA Margin	29.49%	27.81%	29.03%	21.38%	23.66%
D&A For EBITDA	4.53	1.71	1.7	1.52	1.44
EBIT	253.78	152.33	107.42	68.42	57.18
EBIT Margin	28.97%	27.50%	28.57%	20.92%	23.08%
Effective Tax Rate	22.23%	22.24%	23.58%	22.77%	19.76%
Revenue as Reported	875.97	553.86	375.93	327.09	247.79

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.