Annual Income Statements for Palomar
This table shows Palomar's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Palomar
This table shows Palomar's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
18 |
18 |
26 |
26 |
26 |
30 |
35 |
43 |
47 |
51 |
56 |
| Consolidated Net Income / (Loss) |
|
18 |
18 |
26 |
26 |
26 |
30 |
35 |
43 |
47 |
51 |
56 |
| Net Income / (Loss) Continuing Operations |
|
18 |
18 |
26 |
26 |
26 |
30 |
35 |
43 |
47 |
51 |
56 |
| Total Pre-Tax Income |
|
23 |
25 |
33 |
34 |
33 |
39 |
45 |
54 |
60 |
67 |
73 |
| Total Revenue |
|
89 |
90 |
105 |
118 |
131 |
148 |
156 |
175 |
203 |
245 |
253 |
| Net Interest Income / (Expense) |
|
-1.06 |
-0.87 |
-0.82 |
-0.74 |
-0.23 |
-0.09 |
-0.09 |
-0.09 |
-0.09 |
-0.13 |
-0.09 |
| Total Interest Expense |
|
1.06 |
0.87 |
0.82 |
0.74 |
0.23 |
0.09 |
0.09 |
0.09 |
0.09 |
0.13 |
0.09 |
| Long-Term Debt Interest Expense |
|
1.06 |
0.87 |
0.82 |
0.74 |
0.23 |
0.09 |
0.09 |
0.09 |
0.09 |
0.13 |
0.09 |
| Total Non-Interest Income |
|
90 |
91 |
105 |
119 |
131 |
149 |
156 |
175 |
203 |
245 |
253 |
| Other Service Charges |
|
0.62 |
0.47 |
1.59 |
0.53 |
0.79 |
0.72 |
0.75 |
0.83 |
1.68 |
1.45 |
1.54 |
| Net Realized & Unrealized Capital Gains on Investments |
|
6.67 |
4.65 |
10 |
10 |
7.99 |
12 |
10 |
9.73 |
22 |
18 |
18 |
| Premiums Earned |
|
83 |
86 |
94 |
108 |
122 |
136 |
145 |
164 |
180 |
225 |
233 |
| Total Non-Interest Expense |
|
66 |
66 |
71 |
83 |
97 |
110 |
111 |
121 |
143 |
177 |
181 |
| Property & Liability Insurance Claims |
|
18 |
16 |
18 |
27 |
30 |
40 |
37 |
39 |
46 |
73 |
71 |
| Insurance Policy Acquisition Costs |
|
22 |
22 |
24 |
25 |
31 |
28 |
33 |
36 |
46 |
48 |
47 |
| Amortization Expense |
|
26 |
27 |
29 |
32 |
36 |
41 |
41 |
46 |
52 |
56 |
63 |
| Income Tax Expense |
|
5.46 |
6.10 |
7.56 |
7.97 |
7.65 |
8.01 |
10.00 |
11 |
13 |
16 |
16 |
| Basic Earnings per Share |
|
$0.71 |
$0.75 |
$1.04 |
$1.06 |
$1.03 |
$1.18 |
$1.34 |
$1.61 |
$1.74 |
$1.93 |
$2.12 |
| Weighted Average Basic Shares Outstanding |
|
24.83M |
24.74M |
24.82M |
24.86M |
24.95M |
25.77M |
25.52M |
26.66M |
26.76M |
26.64M |
26.64M |
| Diluted Earnings per Share |
|
$0.69 |
$0.73 |
$1.03 |
$1.04 |
$1.00 |
$1.15 |
$1.29 |
$1.57 |
$1.68 |
$1.87 |
$2.05 |
| Weighted Average Diluted Shares Outstanding |
|
25.31M |
25.24M |
25.33M |
25.47M |
25.62M |
26.48M |
26.22M |
27.40M |
27.63M |
27.45M |
27.49M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
24.74M |
24.73M |
24.87M |
24.92M |
25.01M |
26.47M |
26.68M |
26.74M |
26.78M |
26.50M |
26.69M |
Annual Cash Flow Statements for Palomar
This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Net Change in Cash & Equivalents |
|
-1.01 |
23 |
0.44 |
17 |
18 |
-16 |
29 |
26 |
| Net Cash From Operating Activities |
|
23 |
45 |
57 |
88 |
170 |
116 |
261 |
409 |
| Net Cash From Continuing Operating Activities |
|
23 |
45 |
57 |
88 |
170 |
116 |
261 |
409 |
| Net Income / (Loss) Continuing Operations |
|
18 |
11 |
6.26 |
46 |
52 |
79 |
118 |
197 |
| Consolidated Net Income / (Loss) |
|
18 |
11 |
6.26 |
46 |
52 |
79 |
118 |
197 |
| Depreciation Expense |
|
0.21 |
0.22 |
1.34 |
3.54 |
4.12 |
4.50 |
5.11 |
8.93 |
| Amortization Expense |
|
0.92 |
1.35 |
1.21 |
2.32 |
1.61 |
-0.01 |
-0.95 |
-0.06 |
| Non-Cash Adjustments to Reconcile Net Income |
|
2.57 |
20 |
1.77 |
4.95 |
16 |
9.15 |
14 |
1.15 |
| Changes in Operating Assets and Liabilities, net |
|
0.88 |
12 |
47 |
31 |
96 |
23 |
125 |
202 |
| Net Cash From Investing Activities |
|
-25 |
-83 |
-185 |
-58 |
-157 |
-128 |
-306 |
-354 |
| Net Cash From Continuing Investing Activities |
|
-25 |
-83 |
-185 |
-58 |
-157 |
-128 |
-306 |
-354 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-0.33 |
-2.93 |
-4.07 |
-4.85 |
-5.94 |
-6.76 |
-6.05 |
-6.23 |
| Purchase of Investment Securities |
|
-136 |
-270 |
-349 |
-217 |
-393 |
-243 |
-610 |
-975 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
0.35 |
| Sale and/or Maturity of Investments |
|
111 |
190 |
168 |
163 |
242 |
122 |
309 |
627 |
| Net Cash From Financing Activities |
|
1.55 |
62 |
128 |
-13 |
5.02 |
-3.94 |
74 |
-29 |
| Net Cash From Continuing Financing Activities |
|
1.55 |
62 |
128 |
-13 |
5.02 |
-3.94 |
74 |
-29 |
| Issuance of Debt |
|
19 |
- |
0.00 |
0.00 |
36 |
16 |
0.00 |
15 |
| Issuance of Common Equity |
|
0.00 |
87 |
126 |
0.72 |
0.76 |
0.80 |
117 |
1.02 |
| Repayment of Debt |
|
-18 |
-20 |
- |
- |
- |
0.00 |
-53 |
-15 |
| Repurchase of Common Equity |
|
- |
0.00 |
0.00 |
-16 |
-34 |
-22 |
0.00 |
-37 |
| Other Financing Activities, Net |
|
0.00 |
0.00 |
2.04 |
2.09 |
2.27 |
1.33 |
9.75 |
7.47 |
| Cash Interest Paid |
|
1.73 |
1.16 |
0.00 |
0.00 |
0.70 |
3.68 |
1.05 |
0.29 |
| Cash Income Taxes Paid |
|
0.01 |
5.65 |
7.18 |
2.10 |
19 |
21 |
38 |
59 |
Quarterly Cash Flow Statements for Palomar
This table details how cash moves in and out of Palomar's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| Net Change in Cash & Equivalents |
|
-22 |
-5.32 |
-1.44 |
9.91 |
-14 |
39 |
-6.05 |
39 |
-38 |
30 |
-4.87 |
| Net Cash From Operating Activities |
|
5.77 |
71 |
22 |
33 |
55 |
100 |
73 |
87 |
121 |
84 |
117 |
| Net Cash From Continuing Operating Activities |
|
- |
- |
116 |
0.00 |
- |
- |
261 |
0.00 |
- |
- |
409 |
| Net Income / (Loss) Continuing Operations |
|
- |
- |
79 |
0.00 |
- |
- |
118 |
0.00 |
- |
- |
197 |
| Net Cash From Investing Activities |
|
-19 |
-51 |
-24 |
-16 |
-29 |
-180 |
-81 |
-52 |
-161 |
-18 |
-124 |
| Net Cash From Continuing Investing Activities |
|
-19 |
-51 |
-24 |
-16 |
-26 |
-183 |
-81 |
-52 |
-154 |
-25 |
-124 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-2.17 |
-1.51 |
-1.42 |
-1.31 |
-1.54 |
-1.46 |
-1.74 |
-1.42 |
-1.72 |
-1.56 |
-1.53 |
| Purchase of Investment Securities |
|
-72 |
-73 |
-43 |
-179 |
-57 |
-219 |
-155 |
-351 |
-357 |
-88 |
-179 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
0.12 |
| Sale and/or Maturity of Investments |
|
55 |
24 |
20 |
164 |
32 |
38 |
76 |
300 |
205 |
64 |
57 |
| Net Cash From Financing Activities |
|
-8.52 |
-25 |
0.62 |
-6.88 |
-40 |
118 |
2.68 |
3.55 |
1.86 |
-35 |
1.26 |
| Net Cash From Continuing Financing Activities |
|
-8.52 |
-25 |
0.62 |
-6.88 |
12 |
66 |
2.68 |
3.55 |
0.11 |
-34 |
1.26 |
| Repurchase of Common Equity |
|
-8.74 |
-6.57 |
-0.13 |
- |
- |
- |
- |
- |
- |
- |
-0.01 |
| Other Financing Activities, Net |
|
0.22 |
0.27 |
0.75 |
2.28 |
2.80 |
118 |
-113 |
3.02 |
0.11 |
3.07 |
1.27 |
| Cash Interest Paid |
|
1.02 |
0.39 |
1.25 |
0.71 |
0.19 |
0.06 |
0.08 |
0.06 |
0.06 |
0.11 |
0.06 |
| Cash Income Taxes Paid |
|
16 |
5.44 |
0.03 |
6.56 |
17 |
5.57 |
9.16 |
0.01 |
25 |
14 |
21 |
Annual Balance Sheets for Palomar
This table presents Palomar's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Total Assets |
|
231 |
395 |
729 |
926 |
1,306 |
1,708 |
2,262 |
3,051 |
| Cash and Due from Banks |
|
9.53 |
33 |
34 |
50 |
68 |
52 |
80 |
107 |
| Restricted Cash |
|
0.40 |
0.23 |
0.25 |
0.09 |
0.06 |
0.31 |
0.10 |
0.02 |
| Trading Account Securities |
|
147 |
239 |
422 |
466 |
554 |
690 |
982 |
1,324 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
0.73 |
1.39 |
2.55 |
2.73 |
3.78 |
5.28 |
8.44 |
12 |
| Premises and Equipment, Net |
|
0.95 |
0.85 |
0.74 |
0.53 |
0.60 |
0.37 |
0.43 |
2.55 |
| Unearned Premiums Asset |
|
37 |
62 |
84 |
146 |
367 |
528 |
582 |
809 |
| Deferred Acquisition Cost |
|
14 |
25 |
35 |
56 |
57 |
61 |
95 |
128 |
| Intangible Assets |
|
0.74 |
0.74 |
12 |
9.50 |
8.26 |
12 |
13 |
61 |
| Other Assets |
|
20 |
32 |
139 |
194 |
248 |
360 |
501 |
609 |
| Total Liabilities & Shareholders' Equity |
|
231 |
395 |
729 |
926 |
1,306 |
1,708 |
2,262 |
3,051 |
| Total Liabilities |
|
135 |
177 |
365 |
532 |
922 |
1,237 |
1,533 |
2,108 |
| Long-Term Debt |
|
19 |
- |
- |
0.00 |
36 |
53 |
0.00 |
0.00 |
| Claims and Claim Expense |
|
16 |
17 |
129 |
173 |
231 |
342 |
503 |
688 |
| Unearned Premiums Liability |
|
90 |
142 |
206 |
322 |
617 |
779 |
932 |
1,260 |
| Other Long-Term Liabilities |
|
9.97 |
18 |
31 |
36 |
36 |
63 |
98 |
161 |
| Total Equity & Noncontrolling Interests |
|
96 |
219 |
364 |
394 |
385 |
471 |
729 |
943 |
| Total Preferred & Common Equity |
|
96 |
219 |
364 |
394 |
385 |
471 |
729 |
943 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
|
96 |
219 |
364 |
394 |
385 |
471 |
729 |
943 |
| Common Stock |
|
69 |
180 |
311 |
319 |
334 |
351 |
494 |
523 |
| Retained Earnings |
|
28 |
34 |
40 |
70 |
88 |
145 |
262 |
422 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-0.56 |
4.69 |
13 |
5.31 |
-37 |
-24 |
-27 |
-2.51 |
Quarterly Balance Sheets for Palomar
This table presents Palomar's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
| Total Assets |
|
1,216 |
1,441 |
1,546 |
1,626 |
1,885 |
2,016 |
2,276 |
2,427 |
2,832 |
2,944 |
| Cash and Due from Banks |
|
29 |
80 |
58 |
53 |
61 |
48 |
86 |
119 |
81 |
112 |
| Restricted Cash |
|
0.07 |
0.07 |
0.29 |
0.26 |
0.38 |
0.18 |
0.11 |
0.02 |
0.02 |
0.02 |
| Trading Account Securities |
|
512 |
594 |
602 |
635 |
703 |
727 |
926 |
1,038 |
1,163 |
1,194 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Accrued Investment Income |
|
3.33 |
4.08 |
4.57 |
4.86 |
5.19 |
5.93 |
7.50 |
8.59 |
10 |
11 |
| Premises and Equipment, Net |
|
0.66 |
0.54 |
0.50 |
0.43 |
0.31 |
0.25 |
0.41 |
2.39 |
2.93 |
2.70 |
| Unearned Premiums Asset |
|
370 |
420 |
485 |
502 |
622 |
661 |
625 |
630 |
823 |
824 |
| Deferred Acquisition Cost |
|
57 |
54 |
56 |
59 |
67 |
82 |
86 |
103 |
116 |
125 |
| Intangible Assets |
|
8.58 |
7.95 |
13 |
13 |
12 |
12 |
11 |
25 |
63 |
63 |
| Other Assets |
|
236 |
280 |
327 |
360 |
413 |
480 |
533 |
501 |
573 |
613 |
| Total Liabilities & Shareholders' Equity |
|
1,216 |
1,441 |
1,546 |
1,626 |
1,885 |
2,016 |
2,276 |
2,427 |
2,832 |
2,944 |
| Total Liabilities |
|
849 |
1,036 |
1,133 |
1,205 |
1,383 |
1,483 |
1,573 |
1,636 |
1,985 |
2,065 |
| Long-Term Debt |
|
26 |
71 |
71 |
53 |
43 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
| Claims and Claim Expense |
|
206 |
265 |
298 |
324 |
402 |
467 |
497 |
544 |
599 |
684 |
| Unearned Premiums Liability |
|
589 |
669 |
728 |
781 |
878 |
952 |
975 |
993 |
1,195 |
1,233 |
| Other Long-Term Liabilities |
|
27 |
31 |
35 |
47 |
60 |
65 |
100 |
100 |
192 |
148 |
| Total Equity & Noncontrolling Interests |
|
368 |
405 |
414 |
421 |
502 |
533 |
703 |
790 |
847 |
878 |
| Total Preferred & Common Equity |
|
368 |
405 |
414 |
421 |
502 |
533 |
703 |
790 |
847 |
878 |
| Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Common Equity |
|
368 |
405 |
414 |
421 |
502 |
533 |
703 |
790 |
847 |
878 |
| Common Stock |
|
330 |
337 |
341 |
346 |
357 |
364 |
486 |
502 |
509 |
516 |
| Retained Earnings |
|
80 |
98 |
107 |
119 |
171 |
197 |
227 |
305 |
352 |
366 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-43 |
-31 |
-35 |
-43 |
-27 |
-28 |
-10 |
-17 |
-14 |
-4.09 |
Annual Metrics And Ratios for Palomar
This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.
| Metric |
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$0.00 |
$0.25 |
$1.80 |
$2.07 |
$3.19 |
$4.61 |
$7.40 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
0.00 |
24.87M |
25.46M |
25.24M |
24.82M |
25.52M |
26.64M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.24 |
$1.76 |
$2.02 |
$3.13 |
$4.48 |
$7.17 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
0.00 |
25.60M |
26.11M |
25.80M |
25.33M |
26.22M |
27.49M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
0.00 |
25.57M |
25.44M |
24.98M |
24.87M |
26.68M |
26.69M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
Quarterly Metrics And Ratios for Palomar
This table displays calculated financial ratios and metrics derived from Palomar's official financial filings.
| Metric |
|
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.71 |
$0.75 |
$1.04 |
$1.06 |
$1.03 |
$1.18 |
$1.34 |
$1.61 |
$1.74 |
$1.93 |
$2.12 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
24.83M |
24.74M |
24.82M |
24.86M |
24.95M |
25.77M |
25.52M |
26.66M |
26.76M |
26.64M |
26.64M |
| Adjusted Diluted Earnings per Share |
|
$0.69 |
$0.73 |
$1.03 |
$1.04 |
$1.00 |
$1.15 |
$1.29 |
$1.57 |
$1.68 |
$1.87 |
$2.05 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
25.31M |
25.24M |
25.33M |
25.47M |
25.62M |
26.48M |
26.22M |
27.40M |
27.63M |
27.45M |
27.49M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
24.74M |
24.73M |
24.87M |
24.92M |
25.01M |
26.47M |
26.68M |
26.74M |
26.78M |
26.50M |
26.69M |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |