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