Palomar Holdings Inc. (PLMR) Tops Q1 EPS by 15c

Palomar Holdings Inc. (NASDAQ: PLMR) reported Q1 EPS of $0.63, $0.15 better than the analyst estimate of $0.48.

• Gross written premiums increased by 44.9% to $103.6 million compared to $71.5 million in the first quarter of 2020
• Net income increased by 41.2% to $16.6 million compared to $11.8 million in the first quarter of 2020
• Adjusted net income(1) increased by 56.5% to $19.3 million compared to $12.3 million in the first quarter of 2020
• Total loss ratio of negative 9.4% compared to 5.4% in the first quarter of 2020
• Combined ratio of 60.4% compared to 63.6% in the first quarter of 2020
• Adjusted combined ratio(1) of 53.3%, compared to 61.6% in the first quarter of 2020
• Annualized return on equity of 18.0%, compared to 19.7% in the first quarter of 2020
• Annualized adjusted return on equity(1) of 20.8%, compared to 20.6% in the first quarter of 2020

For earnings history and earnings-related data on Palomar Holdings Inc. (PLMR) click here.

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