Palomar Holdings, Inc. (PLMR)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,101	929.15	635.2	506.56	425.18	390.49
Investments in Equity & Preferred Securities	49.22	42.81	45.78	38.58	33.26	24.32
Other Investments	12.41	5.86	-	-	-	-
Total Investments	1,163	977.82	680.98	545.14	458.44	414.81
Cash & Equivalents	81.3	80.44	51.55	68.11	50.28	33.54
Reinsurance Recoverable	436.87	395.16	276.79	193.61	157.32	104.73
Other Receivables	500.42	314.16	267.25	166.64	90.74	51.39
Deferred Policy Acquisition Cost	116.36	94.88	60.99	56.74	55.95	35.48
Property, Plant & Equipment	2.93	0.43	0.37	0.6	0.53	0.74
Goodwill	-	3.76	3.76	-	-	-
Other Intangible Assets	62.84	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	120.74	-	-	-	27.7	-
Long-Term Deferred Tax Assets	3.06	8.77	10.12	10.62	-	-
Other Long-Term Assets	345.37	358.74	331.07	244.35	65.82	76.65
Total Assets	2,832	2,262	1,708	1,306	925.73	729.09
Accounts Payable	153.76	62.32	42.38	25.76	21.28	20.73
Unpaid Claims	598.66	503.38	342.28	231.42	173.37	129.04
Unearned Premiums	900.99	741.69	597.1	471.31	284.67	183.49
Reinsurance Payable	331.88	218.04	195.16	156.81	48.34	26.75
Current Portion of Leases	-	1.05	-	-	-	-
Current Income Taxes Payable	0.01	-	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	1,985	1,533	1,237	921.7	531.57	365.38
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	509.16	493.66	350.6	333.56	318.9	310.51
Retained Earnings	351.67	262.22	144.64	87.71	69.95	39.96
Comprehensive Income & Other	-13.63	-26.85	-23.99	-36.52	5.31	13.25
Shareholders' Equity	847.2	729.03	471.25	384.75	394.17	363.71
Total Liabilities & Equity	2,832	2,262	1,708	1,306	925.73	729.09
Filing Date Shares Outstanding	26.78	26.68	24.87	24.98	25.44	25.57
Total Common Shares Outstanding	26.78	26.53	24.77	25.03	25.43	25.53
Total Debt	-	7.76	52.6	36.4	-	-
Net Cash (Debt)	81.3	72.67	-1.05	31.71	50.28	33.54
Net Cash Growth	69.94%	-	-	-36.94%	49.93%	1.26%
Net Cash Per Share	2.99	2.77	-0.04	1.23	1.93	1.31
Book Value Per Share	31.64	27.48	19.02	15.37	15.50	14.25
Tangible Book Value	784.36	697.31	442.66	364.17	375.29	352.2
Tangible Book Value Per Share	29.29	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

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q