NASDAQ$PLMR
Palomar Holdings Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Palomar Holdings reported strong Q4 2021 results, marked by substantial growth in gross written premiums and net income, alongside improved combined and loss ratios.
Palomar Holdings, Inc. reported a net income of $16.6 million for Q4 2021, a significant turnaround from the net loss of $1.8 million in Q4 2020. Gross written premiums increased by 56.0% to $149.9 million. The combined ratio improved to 75.0% compared to 112.8% in the same period last year, and the loss ratio was 15.0% compared to 44.2% in the prior year. Adjusted net income was $19.2 million, or $0.74 per diluted share.
- Gross written premiums increased by 56.0% to $149.9 million.
- Net income reached $16.6 million, a significant improvement from the $1.8 million net loss in the same quarter of the previous year.
- The total loss ratio improved to 15.0% compared to 44.2% in the fourth quarter of 2020.
- The combined ratio improved significantly to 75.0% compared to 112.8% in the fourth quarter of 2020.
Headline financials
Revenue & EPS history
Palomar Holdings · Revenue · Quarterly
$67.8M
Revenue by segment
Palomar Holdings · $170M total across 3 segments · Q2 2023
- Earthquake$114M+1284.7%67.0%
- Casualty$40.8M+92.3%24.0%
- Fronting$15.3M-63.7%9.0%
Forward guidance
For the full year 2022, the Company expects to achieve adjusted net income of $80 million to $85 million.
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 Q4 2021
+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 | — | — | — |
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