Palomar Holdings Inc. (PLMR) Tops Q1 EPS by 6c

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Go back to Palomar Holdings Inc. (PLMR) Tops Q1 EPS by 6c

Palomar Holdings, Inc. Reports First Quarter 2023 Results

May 3, 2023 4:15 PM EDT

LA JOLLA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (Palomar or Company) reported net income of $17.3 million, or $0.68 per diluted share, for the first quarter of 2023 compared to net income of $14.5 million, or $0.56 per diluted share, for the first quarter of 2022. Adjusted net income(1) was $20.4 million, or $0.80 per diluted share, for the first quarter of 2023 as compared to $18.6 million, or $0.72 per diluted share, for the first quarter of 2022. Effective December 31, 2022, the Company adjusts for net realized and unrealized gains and losses when calculating and presenting adjusted net income, diluted... More