Palomar Holdings, Inc. (FRA:PH8)

Palomar Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,128	929.15	635.2	506.56	425.18	390.49
Investments in Equity & Preferred Securities	52.22	42.81	45.78	38.58	33.26	24.32
Other Investments	19.53	5.86	-	-	-	-
Total Investments	1,199	977.82	680.98	545.14	458.44	414.81
Cash & Equivalents	111.74	80.44	51.55	68.11	50.28	33.54
Reinsurance Recoverable	477.47	395.16	276.79	193.61	157.32	104.73
Other Receivables	473.96	314.16	267.25	166.64	90.74	51.39
Deferred Policy Acquisition Cost	125.08	94.88	60.99	56.74	55.95	35.48
Property, Plant & Equipment	2.7	0.43	0.37	0.6	0.53	0.74
Goodwill	-	3.76	3.76	-	-	-
Other Intangible Assets	62.54	27.97	24.84	20.58	18.88	11.51
Restricted Cash	0.02	0.1	0.31	0.06	0.09	0.25
Other Current Assets	113.14	-	-	-	27.7	-
Long-Term Deferred Tax Assets	2.54	8.77	10.12	10.62	-	-
Other Long-Term Assets	375.06	358.74	331.07	244.35	65.82	76.65
Total Assets	2,944	2,262	1,708	1,306	925.73	729.09
Accounts Payable	109.39	62.32	42.38	25.76	21.28	20.73
Unpaid Claims	684.27	503.38	342.28	231.42	173.37	129.04
Unearned Premiums	979.37	741.69	597.1	471.31	284.67	183.49
Reinsurance Payable	290.65	218.04	195.16	156.81	48.34	26.75
Current Portion of Leases	-	1.05	-	-	-	-
Current Income Taxes Payable	1.75	-	7.26	-	-	-
Long-Term Debt	-	-	52.6	36.4	-	-
Long-Term Leases	-	6.71	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	3.91	5.38
Total Liabilities	2,065	1,533	1,237	921.7	531.57	365.38
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	516.36	493.66	350.6	333.56	318.9	310.51
Retained Earnings	365.84	262.22	144.64	87.71	69.95	39.96
Comprehensive Income & Other	-4.09	-26.85	-23.99	-36.52	5.31	13.25
Shareholders' Equity	878.11	729.03	471.25	384.75	394.17	363.71
Total Liabilities & Equity	2,944	2,262	1,708	1,306	925.73	729.09
Filing Date Shares Outstanding	26.5	26.68	24.87	24.98	25.44	25.57
Total Common Shares Outstanding	26.49	26.53	24.77	25.03	25.43	25.53
Total Debt	-	7.76	52.6	36.4	-	-
Net Cash (Debt)	111.74	72.67	-1.05	31.71	50.28	33.54
Net Cash Growth	29.21%	-	-	-36.94%	49.93%	1.26%
Net Cash Per Share	4.07	2.77	-0.04	1.23	1.93	1.31
Book Value Per Share	33.14	27.48	19.02	15.37	15.50	14.25
Tangible Book Value	815.57	697.31	442.66	364.17	375.29	352.2
Tangible Book Value Per Share	30.78	26.28	17.87	14.55	14.76	13.80
Machinery	-	1.38	1.14	1.13	0.81	0.8
Leasehold Improvements	-	0.88	0.88	0.88	0.88	0.88

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