Palomar Holdings Inc (PLMR) - Total Assets
Based on the latest financial reports, Palomar Holdings Inc (PLMR) holds total assets worth $2.94 Billion USD as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See Palomar Holdings Inc (PLMR) net assets for net asset value and shareholders' equity analysis.
Palomar Holdings Inc - Total Assets Trend (2016–2024)
This chart illustrates how Palomar Holdings Inc's total assets have evolved over time, based on quarterly financial data.
Palomar Holdings Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Palomar Holdings Inc's total assets of $2.94 Billion consist of 6.6% current assets and 93.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.6% |
| Accounts Receivable | $700.88 Million | 31.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $9.49 Million | 0.4% |
| Goodwill | $3.75 Million | 0.2% |
Asset Composition Trend (2016–2024)
This chart illustrates how Palomar Holdings Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Palomar Holdings Inc (PLMR) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Palomar Holdings Inc's current assets represent 6.6% of total assets in 2024, a decrease from 6.7% in 2016.
- Cash Position: Cash and equivalents constituted 3.6% of total assets in 2024, down from 6.7% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 7.0% in 2016.
- Asset Diversification: The largest asset category is accounts receivable at 31.0% of total assets.
Palomar Holdings Inc Competitors by Total Assets
Key competitors of Palomar Holdings Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hyundai Mar&Fi
KO:001450
|
Korea | ₩50.71 Trillion |
|
Hanwha General
KO:000370
|
Korea | ₩20.72 Trillion |
|
Zur Shamir Holdings Ltd
TA:ZUR
|
Israel | ILA23.65 Billion |
|
Petrolimex Insurance Corp
VN:PGI
|
Vietnam | ₫9.23 Trillion |
|
QBE Insurance Group Ltd
AU:QBE
|
Australia | AU$49.19 Billion |
|
Suncorp Group Ltd
AU:SUNPH
|
Australia | AU$30.16 Billion |
|
Suncorp Group Ltd
AU:SUN
|
Australia | AU$29.52 Billion |
|
Insurance Australia Group Ltd
AU:IAG
|
Australia | AU$27.65 Billion |
Palomar Holdings Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 716.47 | 1.65 | 16.25 |
| Quick Ratio | 716.47 | 1.65 | 16.25 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.25 Billion | $202.27 Million | $379.93 Million |
Palomar Holdings Inc - Advanced Valuation Insights
This section examines the relationship between Palomar Holdings Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.72 |
| Latest Market Cap to Assets Ratio | 1.42 |
| Asset Growth Rate (YoY) | 32.4% |
| Total Assets | $2.26 Billion |
| Market Capitalization | $3.21 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Palomar Holdings Inc's assets above their book value (1.42x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Palomar Holdings Inc's assets grew by 32.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Palomar Holdings Inc (2016–2024)
The table below shows the annual total assets of Palomar Holdings Inc from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $2.26 Billion | +32.45% |
| 2023-12-31 | $1.71 Billion | +31.51% |
| 2022-12-31 | $1.30 Billion | +40.30% |
| 2021-12-31 | $925.73 Million | +26.97% |
| 2020-12-31 | $729.09 Million | +84.36% |
| 2019-12-31 | $395.46 Million | +71.10% |
| 2018-12-31 | $231.13 Million | +22.71% |
| 2017-12-31 | $188.35 Million | +29.78% |
| 2016-12-31 | $145.13 Million | -- |
About 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