earnings
confidence high
sentiment positive
materiality 0.85
Palomar Q3 net income $18.4M ($0.73/dil), adjusted EPS $0.92 vs $0.36 YoY
Palomar Holdings, Inc.
2023-Q3 EPS reported
$2.10
revenue$270,532,000
- Gross written premiums +24% to $314.0M; adjusted net income $23.3M (+153% YoY).
- Combined ratio improved to 75.8% (Q3 2022: 94.8%); adjusted combined ratio 70.9%.
- Annualized adjusted ROE 22.3% (Q3 2022: 9.9%); net investment income +61% to $6.0M.
- FY 2023 adjusted net income guidance $90-93M; repurchased $6.6M of shares in Q3.