Palomar Holdings, Inc. (PLMR)

Palomar Holdings Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	510.69	345.91	316.47	233.83	155.07
Total Interest & Dividend Income	35.82	23.71	13.88	9.08	8.61
Gain (Loss) on Sale of Investments	4.57	2.94	-7.53	1.28	1.49
Other Revenue	2.78	3.37	4.27	3.61	3.3
Total Revenue	553.86	375.93	327.09	247.79	168.46
Revenue Growth (YoY)	47.33%	14.93%	32.00%	47.09%	48.69%
Policy Benefits	134.76	72.59	78.67	41.46	64.12
Policy Acquisition & Underwriting Costs	266.77	181	168.37	143.57	95.96
Total Operating Expenses	401.53	268.51	258.66	190.61	162.24
Operating Income	152.33	107.42	68.42	57.18	6.22
Interest Expense	-1.14	-3.78	-0.87	-0.04	-
Pretax Income	151.2	103.64	67.55	57.14	6.22
Income Tax Expense	33.62	24.44	15.38	11.29	-0.03
Net Income	117.57	79.2	52.17	45.85	6.26
Net Income to Common	117.57	79.2	52.17	45.85	6.26
Net Income Growth	48.45%	51.81%	13.79%	632.73%	-41.09%
Shares Outstanding (Basic)	26	25	25	25	25
Shares Outstanding (Diluted)	26	25	26	26	26
Shares Change (YoY)	3.54%	-1.82%	-1.21%	2.01%	17.24%
EPS (Basic)	4.61	3.19	2.07	1.80	0.25
EPS (Diluted)	4.48	3.13	2.02	1.76	0.24
EPS Growth	43.13%	54.95%	14.77%	633.34%	-51.02%
Free Cash Flow	-	116.09	169.27	87.8	53.42
Free Cash Flow Per Share	-	4.58	6.56	3.36	2.09
Operating Margin	27.50%	28.57%	20.92%	23.08%	3.69%
Profit Margin	21.23%	21.07%	15.95%	18.50%	3.71%
Free Cash Flow Margin	-	30.88%	51.75%	35.43%	31.71%
EBITDA	153.89	109.12	69.94	58.62	6.46
EBITDA Margin	27.79%	29.03%	21.38%	23.66%	3.83%
D&A For EBITDA	1.56	1.7	1.52	1.44	0.24
EBIT	152.33	107.42	68.42	57.18	6.22
EBIT Margin	27.50%	28.57%	20.92%	23.07%	3.69%
Effective Tax Rate	22.24%	23.58%	22.77%	19.76%	-
Revenue as Reported	553.86	375.93	327.09	247.79	168.46

Source: S&P Capital IQ. Insurance template. Financial Sources.