Palomar Q4 net income $18.8M ($0.73 EPS); GWP +59.5%; FY2023 guidance $86-90M adj. net income

Palomar Holdings, Inc.

2022-FY EPS reported $2.02 revenue$327,086,000

Q4 adjusted net income $21.1M ($0.82 diluted EPS) vs $17.6M ($0.68) YoY.
Gross written premiums rose 59.5% to $239.1M; combined ratio 75.5% (adj. 71.4%).
Full year 2022 GWP $881.9M (+64.8%); net income $52.2M; adj. net income $71.3M.
FY2023 guidance: adjusted net income $86M-$90M, implying ~23% growth and 21% adj. ROE.
Repurchased 222,217 shares for $11.1M in Q4; $65.6M remaining under buyback.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palomar Holdings, Inc. reported financial results for fourth quarter of 2022.

Period: fourth quarter of 2022
Result: reported results

Exact text from the filing

On February 15, 2023, Palomar Holdings, Inc. (the "Company") issued a press release announcing its financial results for the fiscal quarter and year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Palomar Holdings, Inc. updated its Full year 2023 guidance (initiated).

Period: Full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2023, the Company expects to achieve adjusted net income of $86 million to $90 million.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Palomar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-001371

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