Palomar Holdings, Inc. Reports First Quarter 2020 Results
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Palomar Holdings Inc. (PLMR) Tops Q1 EPS by 9c
May 5, 2020 4:52 PM EDTPalomar Holdings Inc. (NASDAQ: PLMR) reported Q1 EPS of $0.50, $0.09 better than the analyst estimate of $0.41. Revenue for the quarter came in at $71.49 million versus the consensus estimate of $71.02 million.
First Quarter 2020 Highlights
Gross written premiums increased by 32.3% to $71.5 million compared to $54.0 million in the first quarter of 2019Net income increased to $11.8 million compared to a net loss of $14.4 million in the first quarter of 2019Adjusted net income(1) increased by 39.5% to $12.3 million compared to $8.8... More