Palomar Holdings, Inc. (PLMR)

Palomar Holdings Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Premiums & Annuity Revenue	370.54	345.91	316.47	233.83	155.07	100.21
Total Interest & Dividend Income	25.72	23.71	13.88	9.08	8.61	5.98
Gain (Loss) on Sale of Investments	5.8	2.94	-7.53	1.28	1.49	4.44
Other Revenue	3.2	3.37	4.27	3.61	3.3	2.67
Total Revenue	405.26	375.93	327.09	247.79	168.46	113.3
Revenue Growth (YoY)	19.84%	14.93%	32.00%	47.09%	48.69%	55.26%
Policy Benefits	78.78	72.59	78.67	41.46	64.12	5.59
Total Operating Expenses	286.4	268.51	258.66	190.61	162.24	94.15
Operating Income	118.86	107.42	68.42	57.18	6.22	19.15
Interest Expense	-3.5	-3.78	-0.87	-0.04	-	-1.07
EBT Excluding Unusual Items	115.37	103.64	67.55	57.14	6.22	18.08
Pretax Income	115.37	103.64	67.55	57.14	6.22	18.08
Income Tax Expense	27.1	24.44	15.38	11.29	-0.03	7.46
Net Income to Common Shareholders	88.27	79.2	52.17	45.85	6.26	10.62
Net Income Growth	60.65%	51.81%	13.79%	632.73%	-41.09%	-41.70%
Basic Shares Outstanding	25	25	25	25	25	22
Diluted Shares Outstanding	25	25	26	26	26	22
Shares Change (YoY)	-1.36%	-1.82%	-1.21%	2.01%	17.24%	28.44%
EPS (Basic)	3.56	3.19	2.07	1.80	0.25	0.49
EPS (Diluted)	3.49	3.13	2.02	1.76	0.24	0.49
EPS Growth	63.33%	54.95%	14.77%	633.34%	-51.02%	-54.21%
EBITDA	120.64	109.12	69.94	58.62	6.46	19.36
Effective Tax Rate	23.49%	23.58%	22.77%	19.76%	-	41.25%
Revenue as Reported	405.26	375.93	327.09	247.79	168.46	113.3

Source: S&P Capital IQ. Insurance template.