Palomar Holdings (PLMR) FY2021 results: revenue $248 million, up 47.1% on the year
Palomar Holdings, Inc. (PLMR) reported revenue of $248 million for fiscal 2021, the year ended 31 December 2021, up 47.1% on the year before. Net income was $46 million, up 632.7%, and diluted earnings per share $1.76. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$248 million
+47.1% on the year
FY2017FY2021
Operating margin
23.1%
3.7% a year earlier
FY2017FY2021
Net income
$46 million
+632.7% on the year
FY2017FY2021
Diluted EPS
$1.76
+633.3% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
87.8
57.5
44.5
+52.7%
Capital expenditure
0.0
0.1
0.1
-86.4%
Free cash flow
87.8
57.4
44.4
+53.1%
Free cash flow margin
35.4%
34.0%
39.2%
Cash from investing
-58.2
-185
-83.4
Cash from financing
-13.0
128
62.3
Depreciation and amortisation
3.5
1.3
0.2
+165.3%
Share-based compensation
5.6
2.2
24.1
+157.7%
Buybacks
15.9
n/a
n/a
Diluted shares, weighted
26m
26m
22m
+2.0%
Shares outstanding at period end
25m
26m
23m
-0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
394
364
219
+8.4%
Other liabilities
532
365
177
+45.5%
Total liabilities and equity
926
729
395
+27.0%
Fixed assets
0.5
0.7
0.8
-28.7%
Intangible assets
9.5
11.5
0.7
-17.5%
Securities held for sale or to maturity
433
398
217
+8.7%
Cash and equivalents
50.3
33.5
33.1
+49.9%
Other assets
433
285
144
+51.7%
Total assets
926
729
395
+27.0%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.