Trade Palomar Holdings Inc - PLMR CFD

Palomar Company profile

About Palomar Holdings Inc

Palomar Holdings, Inc. is an insurance holding company. The Company is focused on providing specialty insurance to residential and commercial customers. Its primary lines of business include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, and Residential Flood. It distributes products through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. The Company offer Residential Earthquake products insure against damage to the home, contents, and any appurtenant structures in 18 states. Commercial Earthquake products focused on providing coverage for benign commercial risks. Specialty Homeowners product provides admitted insurance coverage to homeowners in wind-exposed coastal regions. The Commercial All Risk policy covers the perils of fire and wind, with wind including hurricane, tornado, and hailstorm.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Palomar Holdings Inc revenues increased 47% to $247.8M. Net income increased from $6.3M to $45.8M. Revenues reflect Other segment increase from $13.3M to $68M, Inland Marine segment increase from $15.4M to $57.1M. Basic Earnings per Share excluding Extraordinary Items increased from $0.25 to $1.80.