Palomar: Fourth Quarter Financial Results Overview

Palomar Holdings Announces Strong Fourth Quarter Results

Palomar Holdings Inc., headquartered in La Jolla, California, has announced a net profit of $56.2 million for the fourth quarter.

The company reported earnings of $2.06 per share, with adjusted earnings—excluding special items—reaching $2.24 per share.

These figures surpassed analysts' expectations, as a consensus of five analysts polled by Zacks Investment Research had predicted earnings of $2.06 per share.

During the quarter, Palomar Holdings generated $253.4 million in revenue. After adjustments, revenue stood at $251 million, which also exceeded the anticipated $222 million projected by analysts surveyed by Zacks.

For the full year, the company achieved a total profit of $197.1 million, or $7.17 per share, on revenue of $864.1 million.