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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
Palomar Holdings
Palomar Holdings
Palomar Holdings Revenue by Segment
Palomar Holdings Revenue by Geographic Location
Revenue by Segment
Earthquake Revenue
CapyFin.comFronting Revenue
CapyFin.comRevenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comHawaii Revenue
CapyFin.comFlorida Revenue
CapyFin.comWashington Revenue
CapyFin.comIllinois Revenue
CapyFin.com 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