Palomar Holdings, Inc. (PLMR) financial statements (2022 and earlier)

Company profile

Business Address 7979 IVANHOE AVENUE
LA JOLLA, CA 92037
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments50,28457,86055,447
Cash and cash equivalents50,28433,53833,119
Short-term investments 24,32222,328
Total current assets:50,28457,86055,447
Noncurrent Assets
Operating lease, right-of-use asset1,6362,274 
Property, plant and equipment527739845
Intangible assets, net (including goodwill)9,50111,512744
Intangible assets, net (excluding goodwill)9,50111,512744
Total noncurrent assets:11,66414,5251,589
Other undisclosed assets863,786656,707338,426
TOTAL ASSETS:925,734729,092395,462
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt3,9085,3761,999
Deferred income tax liabilities3,9085,3761,999
Total noncurrent liabilities:3,9085,3761,999
Other undisclosed liabilities527,657360,003174,907
Total liabilities:531,565365,379176,906
Stockholders' equity
Stockholders' equity attributable to parent394,169363,713218,556
Common stock332
Additional paid in capital318,902310,507180,012
Accumulated other comprehensive income5,31213,2464,686
Retained earnings69,95239,95733,856
Total stockholders' equity:394,169363,713218,556
TOTAL LIABILITIES AND EQUITY:925,734729,092395,462

Income statement (P&L) ($ in thousands)

Premiums earned, net233,826155,068100,207
Cost of revenue(136,890)(128,156)(42,852)
Policyholder benefits and claims incurred, net(41,457)(64,115)(5,593)
Deferred policy acquisition costs, amortization expense(95,433)(64,041)(37,259)
Gross profit:110,90140,30770,444
Operating expenses(53,723)(34,084)(51,299)
Operating income:57,1786,22319,145
Interest and debt expense(40) (1,068)
Income from continuing operations before income taxes:57,1386,22318,077
Income tax expense (benefit)(11,291)34(7,456)
Net income available to common stockholders, basic:45,8476,25710,621
Other undisclosed net income available to common stockholders, diluted 270 
Net income available to common stockholders, diluted:45,8476,52710,621

Comprehensive Income ($ in thousands)

Net income:45,8476,25710,621
Comprehensive income:45,8476,25710,621
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(7,934)8,5605,249
Comprehensive income, net of tax, attributable to parent:37,91314,81715,870

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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