Palomar Holdings Inc. (PLMR) Misses Q4 EPS by 7c
Palomar Holdings Inc. (NASDAQ: PLMR) reported Q4 EPS of ($0.07), $0.07 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $96.1 million versus the consensus estimate of $103.71 million.
- Net loss of $1.8 million, or $0.07 per diluted share, compared to net income of $10.9 million, or $0.45 per diluted share, in the fourth quarter of 2019
- Catastrophe loss ratio(1) of 37.2% compared to zero in the fourth quarter of 2019
- Adjusted combined ratio excluding catastrophe losses(1) of 73.8%, compared to 60.7% in the fourth quarter of 2019
- Annualized return on equity of (2.0)%, compared to 20.4% in the fourth quarter of 2019
For earnings history and earnings-related data on Palomar Holdings Inc. (PLMR) click here.
