Palomar Holdings Inc
Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as Inland Marine, Hawaii Hurricane, commercial all risk, excess nat… Read more
Palomar Holdings Inc (PLMR) - Net Assets
Latest net assets as of September 2025: $878.11 Million USD
Based on the latest financial reports, Palomar Holdings Inc (PLMR) has net assets worth $878.11 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.94 Billion) and total liabilities ($2.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $878.11 Million |
| % of Total Assets | 29.83% |
| Annual Growth Rate | 24.27% |
| 5-Year Change | 100.44% |
| 10-Year Change | N/A |
| Growth Volatility | 50.47 |
Palomar Holdings Inc - Net Assets Trend (2016–2024)
This chart illustrates how Palomar Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Palomar Holdings Inc (2016–2024)
The table below shows the annual net assets of Palomar Holdings Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $729.03 Million | +54.70% |
| 2023-12-31 | $471.25 Million | +22.48% |
| 2022-12-31 | $384.75 Million | -2.39% |
| 2021-12-31 | $394.17 Million | +8.37% |
| 2020-12-31 | $363.71 Million | +66.42% |
| 2019-12-31 | $218.56 Million | +139.72% |
| 2018-12-31 | $91.17 Million | +16.27% |
| 2017-12-31 | $78.41 Million | -38.82% |
| 2016-12-31 | $128.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Palomar Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $262.22 Million | 35.97% |
| Common Stock | $3.00K | 0.00% |
| Other Comprehensive Income | $-26.84 Million | -3.68% |
| Other Components | $493.66 Million | 67.71% |
| Total Equity | $729.03 Million | 100.00% |
Palomar Holdings Inc Competitors by Market Cap
The table below lists competitors of Palomar Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bechtle AG
PINK:BHTLF
|
$3.08 Billion |
|
Dabur India Limited
NSE:DABUR
|
$3.08 Billion |
|
Siemens Limited
NSE:SIEMENS
|
$3.08 Billion |
|
Dianthus Therapeutics Inc.
NASDAQ:DNTH
|
$3.08 Billion |
|
Petronas Chemicals Group Bhd
KLSE:5183
|
$3.08 Billion |
|
Angel Yeast Co Ltd
SHG:600298
|
$3.08 Billion |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
$3.07 Billion |
|
Navinfo Co Ltd
SHE:002405
|
$3.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Palomar Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 471,252,000 to 729,030,000, a change of 257,778,000 (54.7%).
- Net income of 117,573,000 contributed positively to equity growth.
- Share repurchases of 902,000 reduced equity.
- Other comprehensive income decreased equity by 2,854,000.
- Other factors increased equity by 143,961,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $117.57 Million | +16.13% |
| Share Repurchases | $902.00K | -0.12% |
| Other Comprehensive Income | $-2.85 Million | -0.39% |
| Other Changes | $143.96 Million | +19.75% |
| Total Change | $- | 54.70% |
Book Value vs Market Value Analysis
This analysis compares Palomar Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 36.84x to 4.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $3.23 | $119.05 | x |
| 2017-12-31 | $3.47 | $119.05 | x |
| 2018-12-31 | $4.03 | $119.05 | x |
| 2019-12-31 | $10.01 | $119.05 | x |
| 2020-12-31 | $14.21 | $119.05 | x |
| 2021-12-31 | $15.10 | $119.05 | x |
| 2022-12-31 | $14.92 | $119.05 | x |
| 2023-12-31 | $18.61 | $119.05 | x |
| 2024-12-31 | $27.80 | $119.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Palomar Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.13%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.23%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.10x
- Recent ROE (16.13%) is above the historical average (10.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.05% | 15.49% | 0.29x | 1.99x | $-696.90K |
| 2017 | 4.82% | 6.36% | 0.32x | 2.40x | $-4.06 Million |
| 2018 | 19.98% | 24.97% | 0.32x | 2.54x | $9.10 Million |
| 2019 | 4.86% | 9.37% | 0.29x | 1.81x | $-11.23 Million |
| 2020 | 1.72% | 3.71% | 0.23x | 2.00x | $-30.11 Million |
| 2021 | 11.63% | 18.50% | 0.27x | 2.35x | $6.43 Million |
| 2022 | 13.56% | 15.95% | 0.25x | 3.38x | $13.69 Million |
| 2023 | 16.81% | 21.07% | 0.22x | 3.62x | $32.08 Million |
| 2024 | 16.13% | 21.23% | 0.24x | 3.10x | $44.67 Million |
Industry Comparison
This section compares Palomar Holdings Inc's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
Industry Context
- Industry: Insurance - Property & Casualty
- Average net assets among peers: $3,948,110,200
- Average return on equity (ROE) among peers: 16.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Palomar Holdings Inc (PLMR) | $878.11 Million | 9.05% | 2.35x | $3.08 Billion |
| American Coastal Insurance Corp (ACIC) | $45.29 Million | -2.04% | 3.72x | $250.00 Million |
| American Financial Group Inc (AFG) | $1.95 Billion | -0.76% | 7.91x | $8.54 Billion |
| AmTrust Financial Services Inc Pref Series A (AFSIA) | $118.83 Million | 11.87% | 3.19x | $1.69 Billion |
| Aspen Insurance Holdings Limited (AHL) | $2.39 Billion | 15.82% | 1.78x | $14.67 Million |
| American Integrity Insurance Group, Inc. (AII) | $337.02 Million | 29.56% | 2.63x | $227.08 Million |
| Assurant Inc (AIZ) | $3.37 Billion | 2.66% | 6.24x | $10.74 Billion |
| The Allstate Corporation (ALL) | $30.61 Billion | 33.59% | 2.91x | $53.61 Billion |
| Admiral Group plc (AMIGF) | $68.95 Million | 44.87% | 4.47x | $10.33 Billion |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $398.81 Million | 11.81% | 1.82x | $155.46 Million |
| Bowhead Specialty Holdings Inc. (BOW) | $192.08 Million | 13.04% | 4.35x | $707.67 Million |