2023-05-03 17:24:19 ET
- Palomar Holdings press release ( NASDAQ: PLMR ): Q1 Non-GAAP EPS of $0.80 beats by $0.06 .
- Revenue of $83.94M (+9.3% Y/Y) misses by $4.41M .
- Net income of $17.3 million, compared to $14.5 million in the first quarter of 2022
- Adjusted net income of $20.4 million, compared to $18.6 million in the first quarter of 2022
- Total loss ratio of 24.8% compared to 19.7% in the first quarter of 2022
- Combined ratio of 77.9% compared to 76.5% in the first quarter of 2022
- Adjusted combined ratio of 73.3%, compared to 72.1%, in the first quarter of 2022
- Annualized return on equity of 17.5%, compared to 15.0% in the first quarter of 2022
- Annualized adjusted return on equity of 20.7%, compared to 19.2% in the first quarter of 2022
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Palomar Holdings Non-GAAP EPS of $0.80 beats by $0.06, revenue of $83.94M misses by $4.41M