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Mar 31, 2022
Palomar Holdings Q1 2022 Earnings Report
Palomar Holdings reported strong premium growth, consistent earnings, investment monetization, and organizational scaling in Q1 2022.
Key Takeaways
Palomar Holdings reported a decrease in net income for Q1 2022, with $14.5 million, or $0.56 per diluted share, compared to $16.6 million, or $0.63 per diluted share, for Q1 2021. However, gross written premiums increased by 65.0% to $170.9 million.
Gross written premiums increased by 65.0% to $170.9 million compared to $103.6 million in the first quarter of 2021
Net income of $14.5 million compared to $16.6 million in the first quarter of 2021
Combined ratio of 76.5% compared to 60.4% in the first quarter of 2021
Adjusted combined ratio of 72.1% compared to 53.3% in the first quarter of 2021
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2022, the Company expects to achieve adjusted net income of $80 million to $85 million.
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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