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Palomar Holdings Inc (PLMR)

Palomar Holdings Inc (PLMR)
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Palomar Holdings, Inc. is an insurance holding company. It provides specialty property insurance products in their target markets to both individuals and businesses. Its products are distributed through multiple channels, including retail agents, program administrators, wholesale brokers and in partnership with other insurance companies. The market opportunity, its distinctive products and differentiated business model will enable the company to grow its business profitably. The company's wholly owned operating subsidiaries are Palomar Insurance Holdings, Inc. (PIH), which wholly owns Palomar Specialty Insurance Company (PSIC), Prospect General Insurance Agency, Inc. (PGIA) and Palomar Specialty Reinsurance Company Bermuda Ltd. (PSRE). Its primary lines of business include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane and Residential Flood.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Sales 553,860 375,930 327,090 247,790 168,460
Sales Growth +47.33% +14.93% +32.00% +47.09% +48.68%
Net Income 117,570 79,200 52,170 45,850 6,260
Net Income Growth +48.45% +51.81% +13.78% +632.43% -41.05%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Total Assets 2,262,220 1,708,020 1,306,450 925,730 729,090
Total Assets Growth +32.45% +30.74% +41.13% +26.97% +84.37%
Total Liabilities 1,533,190 1,236,770 921,700 531,570 365,380
Total Liabilities Growth +23.97% +34.18% +73.39% +45.48% +106.53%
(Values in U.S. Thousands) Dec, 2024 Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020
Operating Cash Flow 261,160 116,110 169,580 87,810 53,550
Operating Cash Flow Growth +124.92% -31.53% +93.12% +63.98% +28.42%
Net Cash Flow 28,690 -16,310 17,790 16,590 440
Change in Net Cash Flow +275.90% -191.68% +7.23% +3,670.45% -98.12%
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