PLMR Earnings Prediction
The chart below shows how PLMR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLMR sees a +1.01% change in stock price 10 days leading up to the earnings, and a +6.69% change 10 days following the report. On the earnings day itself, the stock moves by +0.79%. This data can give you a slight idea of what to expect for the next quarter's release.
PLMR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
145.48M
59.99%
11.01%
Gross Margin
--
--
--
Operating Margin
24.67%
-11.67%
-2.80%
Net Margin
20.96%
3.40%
6.78%
EPS
1.15
57.53%
15.00%
No Data Available
PLMR Earnings Analysis
Palomar Holdings, Inc. Common stock Corporation (PLMR.O) Earnings Conference Call
Positive
Adjusted Net Income Growth: 39% adjusted net income growth, demonstrating strong financial performance despite elevated catastrophe losses.
Effective Cost Management: 77% adjusted combined ratio for the quarter, indicating effective cost management and operational efficiency.
Strong Segment Performance: 32% top line growth driven by strong performance in Earthquake and Casualty segments, highlighting successful execution of growth strategies.
Equity Issuance for Growth: $160 million raised through equity issuance to diversify the business and strengthen the balance sheet, supporting future growth initiatives.
Crop Insurance Market Expansion: $60 million in crop premiums written in Q3, significantly up from $12.1 million last year, showcasing successful expansion into the crop insurance market.
Negative
Declining Underwriting Performance: 1. Increased Combined Ratio: The adjusted combined ratio for Q3 2024 was 77.1%, up from 70.9% in Q3 2023, indicating a decline in underwriting performance despite growth in premiums.
Fronting Premiums Decline: 2. Decline in Fronting Premiums: The Fronting business experienced an 11% decline in premiums due to the separation from Omaha National, which is expected to impede growth in the coming quarters.
Catastrophe Losses Overview: 3. Catastrophe Losses Impact: Catastrophe losses from Hurricanes Beryl, Debby, and Helene amounted to $12.9 million, contributing to a loss ratio of 29.7% for the quarter, which reflects the volatility in the property segment.
Decline in Return on Equity: 4. Lower Return on Equity: The annualized adjusted return on equity decreased to 21% in Q3 2024, down from 22.3% in the same period last year, indicating a slight decline in profitability relative to equity.
Rising Acquisition Expenses: 5. Increased Acquisition Expenses: Acquisition expenses as a percentage of gross earned premium rose to 10.5% in Q3 2024, compared to 9.9% in Q3 2023, suggesting higher costs associated with premium growth.
PLMR FAQs
How does PLMR typically perform around its earnings report dates?
Is Palomar Holdings, Inc. (PLMR) Q3 2024 Earnings Call Summary positive or negative?
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PLMR Earning Call Sentiment
Palomar Holdings, Inc. (PLMR) Q3 2024 Earnings Call Transcript
PLMR.O
0.64%Positive
While the earnings call highlights strong financial performance and optimistic guidance, elevated catastrophe losses and market dislocation pose significant risks. The Q&A section reveals management's confidence in growth prospects, particularly in the quake business, but also shows competitive pressures and economic factors that could impact profitability. The absence of a share buyback or dividend program, along with a primary equity issuance, may dilute shareholder value. Given the company's mid-sized market cap, these mixed signals suggest a neutral stock price movement over the next two weeks.
