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.

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