Loading...
•
Sep 30, 2021
Palomar Holdings Q3 2021 Earnings Report
Palomar Holdings' Q3 2021 results reflected continued execution of its commitment to building a market-leading specialty insurer.
Key Takeaways
Palomar Holdings, Inc. reported a net income of $0.2 million, or $0.01 per diluted share, for the third quarter of 2021, compared to a net loss of $15.7 million, or $0.62 per diluted share, for the third quarter of 2020. Gross written premiums increased by 47.9% to $152.3 million compared to $103.0 million in the third quarter of 2020.
Gross written premiums increased by 47.9% to $152.3 million compared to $103.0 million in the third quarter of 2020
Net income of $0.2 million compared to a net loss of $15.7 million in the third quarter of 2020
Adjusted net income of $1.7 million compared to an adjusted net loss of $15.2 million in the third quarter of 2020
Total loss ratio of 44.0% compared to 97.7% in the third quarter of 2020
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the fourth quarter of 2021, the Company expects to achieve adjusted net income of $17.0 million to $18.5 million, excluding any losses from a catastrophe.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...