Palomar Holdings, Inc. Reports Second Quarter 2020 Results
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Palomar Holdings Inc. (PLMR) Tops Q2 EPS by 3c, Revenues Beat; Affirms FY20 Net Income Outlook
August 4, 2020 5:17 PM EDTPalomar Holdings Inc. (NASDAQ: PLMR) reported Q2 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $83.81 million versus the consensus estimate of $75.05 million.
Second Quarter 2020 Highlights
Gross written premiums increased by 43.6% to $83.8 million compared to $58.3 million in the second quarter of 2019Net income increased by 79.3% to $12.0 million, or $0.48 per diluted share, compared to a net income of $6.7 million, or $0.30 per diluted share, in the second quarter of 2019Adjusted net income(1) increased by 63.0% to $13.0 million, or $0.52 per diluted share, compared to $8.0 million, or $0.36 per... More