Palomar Holdings, Inc.(PLMR) Stock Research - Grey Stern Research

Palomar Holdings, Inc. (PLMR) Stock Analysis

$96.74 (-0.15%)

PLMR Financial Performance


Use the table below to view Palomar Holdings, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $96.89 -
52 Week Low $48.08 -
52 Week High $100.29 -
Market Cap $2.5 Billion 5/11
Gross Margin 100% 1/11
Profit Margin 20% 1/11
EBITDA margin 0% 5/11
Q2 - 2024 Revenue $131.1 Million 10/11
Q2 - 2024 Earnings $25.7 Million 4/11
Q2 - 2024 Free Cash Flow $0 Million 8/11
Trailing 4 Quarters Revenue $445.9 Million 11/11
Trailing 4 Quarters Earnings $96.4 Million 4/11
Quarterly Earnings Growth 47% 4/11
Annual Earnings Growth 39% 5/11
Quarterly Revenue Growth 45% 1/11
Annual Revenue Growth 25% 1/11
Cash On Hand $48.0 Million 6/11
Short Term Debt $0 4/11
Long Term Debt $0 9/11

Palomar Holdings, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Palomar Holdings, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 26.33 4/11
PS 5.69 1/11
PB 4.77 1/11
PC 52.89 4/11
Liabilities to Equity 1.50 10/11
ROA 0.07 1/11
ROE 0.18 2/11
Current Ratio 1.67 2/11
Quick Ratio 0.06 3/11
Long Term Debt to Equity 0.00 9/11
Debt to Equity 0.00 11/11
Burn Rate -1.87 8/11
Cash to Cap 0.02 8/11
CCR 0.00 6/11
EV to EBITDA -1.00 6/11
EV to Revenue -1.00 11/11

Company Details

Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.

CEO: Mr. D. McDonald Armstrong

Website: https://plmr.com

Address: 7979 Ivanhoe Ave Ste 500, La Jolla La Jolla, CALIFORNIA

Exchange: NASDAQ Global Select

Industry: Insurance—Property & Casualty

Palomar Holdings, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Palomar Holdings, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Kemper Corporation KMPR $3.9 Billion
ProAssurance Corporation PRA $690.6 Million
Stewart Information Services Corporation STC $2.1 Billion
RLI Corp. RLI $7.0 Billion
Selective Insurance Group, Inc. SIGI $5.6 Billion
Horace Mann Educators Corporation HMN $1.4 Billion
CNA Financial Corporation CNA $13.6 Billion
Global Indemnity Group, LLC GBLI $444.1 Million
Donegal Group Inc. DGICB $512.9 Million
Argo Group International Holdings, Ltd. ARGO $1.1 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
PLMR Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 131.1 Million $25.7 Million
Q1 2024 $ 118.5 Million $26.4 Million
Q4 2023 $ 105.4 Million $25.9 Million
Q3 2023 $ 90.9 Million $18.4 Million
Q2 2023 $ 90.4 Million $17.6 Million
Q1 2023 $ 89.2 Million $17.3 Million
Q4 2022 $ 88.6 Million $18.8 Million
Q3 2022 $ 80.7 Million $3.7 Million

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PLMR Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $48.0 Million $1.3 Billion $0 $532.6 Million
Q1 2024 $61.8 Million $1.3 Billion $43.0 Million $501.7 Million
Q4 2023 $51.9 Million $1.2 Billion $52.6 Million $471.3 Million
Q3 2023 $53.0 Million $1.6 Billion $52.6 Million $421.3 Million
Q2 2023 $58.3 Million $1.5 Billion $71.4 Million $413.7 Million
Q1 2023 $80.3 Million $1.4 Billion $71.4 Million $404.6 Million
Q4 2022 $68.1 Million $1.3 Billion $36.4 Million $384.8 Million
Q3 2022 $29.5 Million $1.2 Billion $0 $367.8 Million

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PLMR Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $0 $0 $0
Q1 2024 $31.8 Million -$1.3 Million $9.9 Million
Q4 2023 $0 $0 -$1.4 Million
Q3 2023 $0 $0 $81.3 Million
Q2 2023 $0 $0 $0
Q1 2023 $15.8 Million -$1.7 Million $12.2 Million
Q4 2022 $73.5 Million -$1.5 Million $38.6 Million
Q3 2022 $90.1 Million -$4.4 Million -$7.0 Million

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