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Dec 31, 2020
Palomar Holdings Q4 2020 Earnings Report
Palomar Holdings reported a net loss due to increased catastrophe losses and reinsurance expenses, partially offset by growth in gross written premiums.
Key Takeaways
Palomar Holdings, Inc. reported a net loss of $1.8 million for Q4 2020, compared to a net income of $10.9 million in Q4 2019. Gross written premiums increased by 31.0% to $96.1 million. The combined ratio was 112.8%, and the adjusted combined ratio excluding catastrophe losses was 73.8%.
Gross written premiums increased by 31.0% to $96.1 million.
Net loss of $1.8 million, or $0.07 per diluted share.
Total loss ratio of 44.2% compared to 7.1% in the fourth quarter of 2019
Combined ratio of 112.8% compared to 63.1% in the fourth quarter of 2019
Palomar Holdings
Palomar Holdings
Palomar Holdings Revenue by Geographic Location
Revenue by Geographic Location
California Revenue
CapyFin.comTexas Revenue
CapyFin.comHawaii Revenue
CapyFin.comFlorida Revenue
CapyFin.comWashington Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the full year 2021, the Company expects to achieve adjusted net income of $62 million to $67 million. This adjusted net income guidance considers the impact of Winter Storm Uri in Texas.
Revenue & Expenses
Visualization of income flow from segment revenue to net income