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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
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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