Palomar (PLMR) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Palomar (PLMR) reported revenue of $156.96 million for Q4 2024, a year-over-year increase of 53.4% and exceeding the Zacks Consensus Estimate of$ 147.22 million by 6.62% [1] - The company achieved an EPS of $1.52, up from$ 1.11 a year ago, surpassing the consensus EPS estimate of $1.24 by 22.58% [1] Financial Performance Metrics - Loss Ratio stood at 25.7%, better than the average estimate of 27.7% from six analysts [4] - Combined Ratio was reported at 75.9%, compared to the average estimate of 80% from five analysts [4] - Expense Ratio was 50.2%, lower than the estimated 52.2% by five analysts [4] - Adjusted Combined Ratio was 71.7%, outperforming the three-analyst average estimate of 76.8% [4] - Net Investment Income was$ 11.32 million, exceeding the average estimate of $10.17 million and reflecting a year-over-year increase of 61.3% [4] - Commission and Other Income was$ 0.75 million, below the estimated $0.95 million, representing a decline of 52.7% year-over-year [4] - Net Earned Premiums reached$ 144.89 million, surpassing the average estimate of $136.51 million and showing a year-over-year increase of 54.6% [4] Stock Performance - Palomar's shares returned +4.6% over the past month, outperforming the Zacks S&P 500 composite's +4.3% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]