NASDAQ$PLMR
Palomar Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Palomar Holdings reported strong third quarter results driven by growth in gross written premiums and improved profitability.
Palomar Holdings, Inc. reported a net income of $4.3 million, or $0.17 per diluted share, for the third quarter of 2022. Adjusted net income was $7.4 million, or $0.29 per diluted share. Gross written premiums increased by 66.2% to $253.1 million. The combined ratio was 94.8%, and the adjusted combined ratio was 90.3%.
- Gross written premiums increased by 66.2% to $253.1 million compared to $152.3 million in the third quarter of 2021
- Net income of $4.3 million, compared to $0.2 million in the third quarter of 2021
- Adjusted net income of $7.4 million, compared to $1.7 million in the third quarter of 2021
- Combined ratio of 94.8% compared to 102.8% in the third quarter of 2021
Headline financials
Revenue & EPS history
Palomar Holdings · Revenue · Quarterly
$80.7M
Revenue by segment
Palomar Holdings · $191M total across 4 segments · Q3 2022
- Earthquake$92.2M+19.0%48.2%
- Fronting$82.2M—43.0%
- Casualty$12.9M—6.7%
- Crop$3.87M—2.0%
Forward guidance
For 2022, the Company expects to achieve full year adjusted net income of $82 million to $85 million. The range includes additional reinsurance expense resulting from Hurricane Ian and excludes catastrophes and realized and unrealized gains and losses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+2.9%
Avg return
Earnings day
+6.1%
Avg return
5 days after
+8.2%
Avg return
30 days after
61%
19 / 31 earnings
Positive
+23.9%
Q4 2023
Best reaction
-27.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.4% | -2.1% | -2.0% | |
| Q4 2025 | -3.5% | -1.3% | -8.7% | |
| Q3 2025 | +8.9% | +12.4% | -1.2% | |
| Q1 2025 | +0.1% | +2.7% | +8.1% | |
| Q4 2024 | +14.7% | +13.9% | +20.9% | |
| Q3 2024 | +2.2% | +13.3% | +25.6% | |
| Q2 2024 | +3.3% | -0.1% | +8.8% | |
| Q1 2024 | +2.3% | +7.7% | +7.3% | |
| Q4 2023 | +23.9% | +24.7% | +38.0% | |
| Q3 2023 | +12.6% | +13.8% | +17.5% | |
| Q2 2023 | -4.0% | -2.9% | -13.4% | |
| Q1 2023 | +0.8% | +4.0% | +11.1% | |
| Q4 2022 | +8.1% | +18.3% | +4.2% | |
| Q3 2022 | -27.9% | -24.1% | -31.0% | |
| Q2 2022 | +9.1% | +13.6% | +30.7% | |
| Q1 2022 | -5.6% | -9.2% | +12.9% | |
| Q4 2021 | -0.2% | +1.5% | +13.7% | |
| Q3 2021 | -1.3% | +3.0% | -27.6% | |
| Q2 2021 | -0.5% | +9.6% | +14.9% | |
| Q1 2021 | +0.7% | +0.2% | +9.9% | |
| Q4 2020 | -6.0% | -1.0% | -21.3% | |
| Q3 2020 | -12.5% | -23.8% | -26.5% | |
| Q2 2020 | +1.7% | +5.2% | +14.5% | |
| Q1 2020 | +4.4% | +11.0% | +53.7% | |
| Q4 2019 | -0.4% | +3.8% | -24.6% | |
| Q3 2018 | +7.8% | +10.5% | +24.4% | |
| Q3 2019 | -2.4% | +2.3% | +14.6% | |
| Q2 2018 | +14.2% | +22.4% | +15.8% | |
| Q2 2019 | +15.5% | +22.9% | +17.0% | |
| Q4 2018 | +18.3% | +19.5% | +24.9% | |
| Q1 2019 | +10.5% | +16.2% | +22.3% | |
| Q1 2018 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro