Palomar Holdings Q1 2025: $101.6M Revenue, $44.5M Net Income
Ticker: PLMR · Form: 10-Q · Filed: May 6, 2025 · CIK: 1761312
| Field | Detail |
|---|---|
| Company | Palomar Holdings, Inc. (PLMR) |
| Form Type | 10-Q |
| Filed Date | May 6, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, earnings, financials, insurance
TL;DR
Palomar Holdings Q1 2025: Revenue $101.6M, Net Income $44.5M. FIA acquisition closed Jan 1.
AI Summary
Palomar Holdings, Inc. reported first quarter 2025 results, with total revenues of $101.6 million and net income of $44.5 million. The company's balance sheet shows total assets of $500 million and total equity of $26.7 million as of March 31, 2025. A significant event noted is the acquisition of FIA on January 1, 2025, impacting reserve for losses and LAE.
Why It Matters
This filing provides insight into Palomar Holdings' financial performance and strategic moves, including a recent acquisition, which can influence investor decisions and market perception.
Risk Assessment
Risk Level: medium — The company's financial performance and the impact of the recent FIA acquisition introduce potential risks and opportunities that warrant careful monitoring.
Key Numbers
- $101.6M — Total Revenues (For the first quarter of 2025.)
- $44.5M — Net Income (For the first quarter of 2025.)
- $500.0M — Total Assets (As of March 31, 2025.)
- $26.7M — Total Equity (As of March 31, 2025.)
- 0.0001 — Earnings Per Share (Basic and diluted EPS for Q1 2025.)
Key Players & Entities
- Palomar Holdings, Inc. (company) — Filer of the 10-Q
- FIA (company) — Acquired entity on January 1, 2025
- $101.6 million (dollar_amount) — Total revenues for Q1 2025
- $44.5 million (dollar_amount) — Net income for Q1 2025
- $500 million (dollar_amount) — Total assets as of March 31, 2025
- $26.7 million (dollar_amount) — Total equity as of March 31, 2025
- March 31, 2025 (date) — End of reporting period
- January 1, 2025 (date) — Acquisition date of FIA
FAQ
What was the impact of the FIA acquisition on Palomar Holdings' reserves for losses and LAE as of March 31, 2025?
The filing notes that amounts recognized in Reserve for losses and LAE net of reinsurance recoverables upon acquisition of FIA on 1/1/2025 were recognized in accordance with ASC 805, Business Combinations. Further details are in Footnote 12.
What were Palomar Holdings' total revenues for the first quarter of 2025?
Total revenues for the first quarter of 2025 were $1,015,892,000 (represented as 1,015,892 in the filing, likely in thousands).
What was Palomar Holdings' net income for the first quarter of 2025?
Net income for the first quarter of 2025 was $44,462,000 (represented as 44,462 in the filing, likely in thousands).
What are Palomar Holdings' total assets and total equity as of March 31, 2025?
As of March 31, 2025, Palomar Holdings had total assets of $500,000,000 and total equity of $26,735,132.
When did Palomar Holdings change its former company name?
The company changed its former name from GC Palomar Holdings on December 11, 2018.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 6, 2025 regarding Palomar Holdings, Inc. (PLMR).