Palomar Holdings, Inc. (PLMR)

Palomar Holdings Cash Flow Statement

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
Net Income	154.91	117.57	79.2	52.17	45.85	6.26
Depreciation & Amortization	2.98	1.71	1.7	1.52	1.44	0.24
Other Amortization	3.4	3.4	2.8	2.6	2.1	1.1
Gain (Loss) on Sale of Investments	-5.51	-5.51	-2.95	9.37	1.15	-0.27
Stock-Based Compensation	16.69	16.69	14.91	11.62	5.58	2.17
Change in Accounts Receivable	-43.75	-43.75	-99.11	-74.85	-39.17	-12.75
Reinsurance Recoverable	-118.37	-118.37	-83.18	-36.3	-52.59	-87.47
Change in Accounts Payable	29.18	29.18	15.67	5.43	-0.95	6
Change in Unearned Revenue	144.59	144.59	125.79	186.65	101.18	53.12
Change in Income Taxes	-7.26	-7.26	7.26	-	-	-1.12
Change in Insurance Reserves / Liabilities	161.11	161.11	110.86	58.05	44.33	112.22
Change in Other Net Operating Assets	-29.29	-29.29	-88.11	-150.84	-22.87	-26.5
Other Operating Activities	83.31	2.11	-2.83	-3.52	0.64	1.09
Operating Cash Flow	380.97	261.16	116.11	169.58	87.81	57.49
Operating Cash Flow Growth	110.30%	124.93%	-31.53%	93.12%	52.74%	29.17%
Capital Expenditures	-0.31	-0.24	-0.02	-0.31	-0.02	-0.13
Purchase / Sale of Intangible Assets	-8.52	-8.29	-6.74	-5.62	-4.84	-11.01
Cash Acquisitions	-61.51	-	-5.53	-0.02	-0.01	-
Investment in Securities	-395.09	-296.24	-117.14	-149.91	-54.82	-171.72
Other Investing Activities	-8.52	-1.48	0.95	-0.95	1.5	-2.52
Investing Cash Flow	-473.94	-306.24	-128.48	-156.81	-58.19	-185.39
Long-Term Debt Issued	-	-	16.2	36.4	-	-
Total Debt Repaid	-	-52.6	-	-	-	-
Net Debt Issued (Repaid)	-	-52.6	16.2	36.4	-	-
Issuance of Common Stock	123.01	123.62	2.04	3.03	2.81	128.33
Repurchases of Common Stock	-	-	-22.27	-34.42	-15.85	-
Financing Cash Flow	126.27	73.77	-3.94	5.02	-13.04	128.33
Net Cash Flow	33.3	28.69	-16.31	17.79	16.59	0.44
Free Cash Flow	380.66	260.91	116.09	169.27	87.8	57.36
Free Cash Flow Growth	110.12%	124.75%	-31.42%	92.80%	53.06%	37.94%
Free Cash Flow Margin	55.80%	47.11%	30.88%	51.75%	35.43%	34.05%
Free Cash Flow Per Share	13.98	9.95	4.58	6.56	3.36	2.24
Cash Interest Paid	0.26	1.05	3.68	0.7	-	-
Cash Income Tax Paid	39.44	38.45	21.12	18.89	2.1	7.18
Levered Free Cash Flow	414.63	164.24	192.26	325.19	88.17	80.09
Unlevered Free Cash Flow	414.84	164.95	194.62	325.74	88.19	80.09
Change in Working Capital	125.2	125.2	23.27	95.82	31.05	46.91

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

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