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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	979.76	929.15	635.2	506.56	425.18	390.49
Investments in Equity & Preferred Securities	46.63	42.81	45.78	38.58	33.26	24.32
Other Investments	11.03	5.86	-	-	-	-
Total Investments	1,037	977.82	680.98	545.14	458.44	414.81
Cash & Equivalents	119.31	80.44	51.55	68.11	50.28	33.54
Reinsurance Recoverable	391.59	395.16	276.79	193.61	157.32	104.73
Other Receivables	342.84	314.16	267.25	166.64	90.74	51.39
Deferred Policy Acquisition Cost	102.86	94.88	60.99	56.74	55.95	35.48
Property, Plant & Equipment	2.39	0.43	0.37	0.6	0.53	0.74
Goodwill	-	3.76	3.76	-	-	-
Other Intangible Assets	24.93	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	92.29	-	-	-	27.7	-
Long-Term Deferred Tax Assets	5.6	8.77	10.12	10.62	-	-
Other Long-Term Assets	307.28	358.74	331.07	244.35	65.82	76.65
Total Assets	2,427	2,262	1,708	1,306	925.73	729.09
Accounts Payable	65.41	62.32	42.38	25.76	21.28	20.73
Unpaid Claims	543.89	503.38	342.28	231.42	173.37	129.04
Unearned Premiums	813.46	741.69	597.1	471.31	284.67	183.49
Reinsurance Payable	213.31	218.04	195.16	156.81	48.34	26.75
Current Portion of Leases	-	1.05	-	-	-	-
Current Income Taxes Payable	-	-	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	1,636	1,533	1,237	921.7	531.57	365.38
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	501.95	493.66	350.6	333.56	318.9	310.51
Retained Earnings	305.14	262.22	144.64	87.71	69.95	39.96
Comprehensive Income & Other	-16.64	-26.85	-23.99	-36.52	5.31	13.25
Shareholders' Equity	790.45	729.03	471.25	384.75	394.17	363.71
Total Liabilities & Equity	2,427	2,262	1,708	1,306	925.73	729.09
Filing Date Shares Outstanding	26.74	26.68	24.87	24.98	25.44	25.57
Total Common Shares Outstanding	26.74	26.53	24.77	25.03	25.43	25.53
Total Debt	-	7.76	52.6	36.4	-	-
Net Cash (Debt)	119.31	72.67	-1.05	31.71	50.28	33.54
Net Cash Growth	548.89%	-	-	-36.94%	49.93%	1.26%
Net Cash Per Share	4.47	2.77	-0.04	1.23	1.93	1.31
Book Value Per Share	29.57	27.48	19.02	15.37	15.50	14.25
Tangible Book Value	765.52	697.31	442.66	364.17	375.29	352.2
Tangible Book Value Per Share	28.63	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 May 5, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q