earnings
confidence high
sentiment positive
materiality 0.80
Palomar Q4 2024 net income $35.0M ($1.29 EPS); gross premiums up 23.3% to $373.7M
Palomar Holdings, Inc.
2024-FY EPS reported
$4.48
revenue$553,863,000
- Net income grew 35% YoY to $35.0M; adjusted net income $41.3M ($1.52 per share), up 47.5%.
- Full-year 2024 adjusted net income rose 42.8% to $133.5M; gross written premiums $1.5B (+35.1%).
- FY 2025 adjusted net income guidance $180M–$192M, including $8M–$12M catastrophe losses.
- Combined ratio 75.9% (adjusted 71.7%); stockholders' equity $729M, up from $471.3M YoY.
- AM Best upgrade and acquisition of First Indemnity of America completed during 2024.