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Palomar (PLMR) Financials

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$108.60 -4.76 (-4.19%)
As of 09:50 AM Eastern
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Annual Income Statements for Palomar

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.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
18 11 6.26 46 52 79 118 197
Consolidated Net Income / (Loss)
18 11 6.26 46 52 79 118 197
Net Income / (Loss) Continuing Operations
18 11 6.26 46 52 79 118 197
Total Pre-Tax Income
18 18 6.22 57 68 104 151 253
Total Revenue
68 112 168 248 326 372 553 876
Net Interest Income / (Expense)
-2.30 -1.07 0.00 -0.04 -0.87 -3.78 -1.14 -0.39
Total Interest Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
2.30 1.07 0.00 0.04 0.87 3.78 1.14 0.39
Long-Term Debt Interest Expense
2.30 1.07 0.00 0.04 0.87 3.78 1.14 0.39
Total Non-Interest Income
71 113 168 248 327 376 554 876
Other Service Charges
- 2.67 3.30 3.61 4.27 3.37 2.78 5.50
Net Realized & Unrealized Capital Gains on Investments
0.67 10 10 10 6.35 27 40 68
Premiums Earned
70 100 155 234 316 346 511 803
Total Non-Interest Expense
50 94 162 191 259 269 402 622
Property & Liability Insurance Claims
6.27 5.59 64 41 79 73 135 229
Insurance Policy Acquisition Costs
18 51 34 54 69 88 117 176
Amortization Expense
28 37 64 95 111 108 150 217
Income Tax Expense
-0.01 7.46 -0.03 11 15 24 34 56
Basic Earnings per Share
$1.07 $0.49 $0.25 $1.80 $2.07 $3.19 $4.61 $7.40
Weighted Average Basic Shares Outstanding
17M 21.50M 24.87M 25.46M 25.24M 24.82M 25.52M 26.64M
Diluted Earnings per Share
$1.07 $0.49 $0.24 $1.76 $2.02 $3.13 $4.48 $7.17
Weighted Average Diluted Shares Outstanding
17M 21.83M 25.60M 26.11M 25.80M 25.33M 26.22M 27.49M
Weighted Average Basic & Diluted Shares Outstanding
- - 25.57M 25.44M 24.98M 24.87M 26.68M 26.69M

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
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
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
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
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
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
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
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
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
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
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
- - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Palomar Holdings, Inc. (PLMR) has shown improving profitability and a stronger balance sheet in 2025, driven by rising premiums and revenue, solid cash generation, and a debt-free capital structure. Below are the top takeaways from Palomar’s quarterly filings over the last four years, focusing on recent four quarters and surrounding trends.

  • Net income attributable to common shareholders in Q4 2025 rose to $56.2 million, with diluted earnings per share of $2.05, up noticeably from the prior-year quarter.
  • Premiums earned for Q4 2025 were $233.46 million, contributing to total revenue of $253.28 million and signaling a continued top-line strength in 2025.
  • Net cash from continuing operating activities in Q4 2025 reached $409.1 million, highlighting strong quarterly cash generation as core operations perform well.
  • Balance-sheet strength improved with zero long-term debt in Q3 2025, total assets near $2.94 billion, and total equity around $878 million, indicating a solid capitalization and low leverage.
  • Net interest income remains negative in some quarters (e.g., Q4 2025 net interest income of -$88 thousand), but this impact is small relative to non-interest income.
  • Unearned premiums liability remains sizable (about $1.23 billion in Q3 2025), reflecting Palomar’s insurer reserve framework rather than an immediate risk factor.
  • Investing cash flows show recurring outlays (net cash from continuing investing activities generally negative) as Palomar builds investments, a typical pattern for an insurer with asset-heavy portfolios.
  • Quarter-to-quarter cash flow can be volatile, with one quarter showing a large positive operating cash inflow (Q4 2025) and others evaluating more modest levels (Q3/Q2 2025).
  • Total non-interest expense rose notably in Q4 2025 to $180.6 million from $110.7 million in Q4 2024, contributing to higher near-term costs.
  • Cash balances and cash change may fluctuate, with quarters such as Q2 2025 showing a roughly $38 million net cash outflow and several periods posting negative net changes in cash, implying liquidity swings around insurance operations.
05/12/26 09:51 AM ETAI Generated. May Contain Errors.

Palomar Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Palomar's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Palomar's net income appears to be on an upward trend, with a most recent value of $197.07 million in 2025, rising from $18.22 million in 2018. The previous period was $117.57 million in 2024. See where experts think Palomar is headed by visiting Palomar's forecast page.

Over the last 7 years, Palomar's total revenue changed from $68.26 million in 2018 to $875.58 million in 2025, a change of 1,182.6%.

Palomar's total liabilities were at $2.11 billion at the end of 2025, a 37.5% increase from 2024, and a 1,463.5% increase since 2018.

In the past 7 years, Palomar's cash and equivalents has ranged from $9.53 million in 2018 to $106.88 million in 2025, and is currently $106.88 million as of their latest financial filing in 2025.



Financial statements for NASDAQ:PLMR last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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