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Dec 31, 2021
Palomar Holdings Q4 2021 Earnings Report
Palomar Holdings reported strong Q4 2021 results, marked by substantial growth in gross written premiums and net income, alongside improved combined and loss ratios.
Key Takeaways
Palomar Holdings, Inc. reported a net income of $16.6 million for Q4 2021, a significant turnaround from the net loss of $1.8 million in Q4 2020. Gross written premiums increased by 56.0% to $149.9 million. The combined ratio improved to 75.0% compared to 112.8% in the same period last year, and the loss ratio was 15.0% compared to 44.2% in the prior year. Adjusted net income was $19.2 million, or $0.74 per diluted share.
Gross written premiums increased by 56.0% to $149.9 million.
Net income reached $16.6 million, a significant improvement from the $1.8 million net loss in the same quarter of the previous year.
The total loss ratio improved to 15.0% compared to 44.2% in the fourth quarter of 2020.
The combined ratio improved significantly to 75.0% compared to 112.8% in the fourth quarter of 2020.
Revenue by Geographic Location
Forward Guidance
For the full year 2022, the Company expects to achieve adjusted net income of $80 million to $85 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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