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Mar 31, 2021
Palomar Holdings Q1 2021 Earnings Report
Palomar Holdings reported strong first quarter results with significant growth and profitability.
Key Takeaways
Palomar Holdings, Inc. reported a net income of $16.6 million, or $0.63 per diluted share, for the first quarter of 2021, compared to $11.8 million, or $0.48 per diluted share, for the first quarter of 2020. Adjusted net income was $19.3 million, or $0.73 per diluted share, for the first quarter of 2021, compared to $12.3 million, or $0.50 per diluted share, for the first quarter of 2020. Gross written premiums increased by 44.9% to $103.6 million.
Gross written premiums increased by 44.9% to $103.6 million compared to the first quarter of 2020.
Net income increased by 41.2% to $16.6 million compared to the first quarter of 2020.
Adjusted net income increased by 56.5% to $19.3 million compared to the first quarter of 2020.
The company's combined ratio was 60.4% compared to 63.6% in the first quarter of 2020.
Revenue by Geographic Location
Forward Guidance
For the full year 2021, the Company expects to achieve adjusted net income of $64 million to $69 million, which considers the impact of Winter Storm Uri.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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