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Dec 31, 2022
Palomar Holdings Q4 2022 Earnings Report
Palomar Holdings reported strong Q4 2022 results with significant top-line growth and profitability.
Key Takeaways
Palomar Holdings reported a strong fourth quarter and full year 2022, marked by nearly 60% top-line growth during the quarter and an annualized adjusted return on equity of 22.4%. For the full year, the company delivered record premium growth and earnings, with an adjusted ROE of 18.3%. Looking to 2023, the company expects adjusted net income of $86 million to $90 million.
Gross written premiums increased by 59.5% to $239.1 million.
Net income reached $18.8 million, compared to $16.6 million in the fourth quarter of 2021.
The combined ratio was 75.5%, slightly up from 75.0% in the same quarter of the previous year.
Adjusted combined ratio improved to 71.4% compared to 70.7% in the fourth quarter of 2021.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2023, the Company expects to achieve adjusted net income of $86 million to $90 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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