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Dec 31, 2019
Palomar Holdings Q4 2019 Earnings Report
Palomar Holdings reported strong Q4 2019 results, marked by significant growth in gross written premiums and net income.
Key Takeaways
Palomar Holdings, Inc. reported a substantial increase in net income for Q4 2019, rising to $10.9 million, or $0.45 per diluted share, compared to $4.1 million, or $0.24 per diluted share, in Q4 2018. Adjusted net income also saw a significant increase, reaching $11.5 million, or $0.48 per diluted share. Gross written premiums grew by 68.4% to $73.3 million. The company's total loss ratio was 7.1%, and the combined ratio was 63.1%.
Gross written premiums increased by 68.4% to $73.3 million.
Net income increased by 163.6% to $10.9 million.
Adjusted net income increased by 149.9% to $11.5 million.
The company reported a combined ratio of 63.1%.
Palomar Holdings
Palomar Holdings
Palomar Holdings Revenue by Geographic Location
Revenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comHawaii Revenue
CapyFin.comWashington Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the full year 2020, the Company expects to achieve adjusted net income of $50.5-53.0 million, equating to a growth rate of 33-40%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income