Palomar Holdings (PLMR) FY2022 results: revenue $327 million, up 32.0% on the year
Palomar Holdings, Inc. (PLMR) reported revenue of $327 million for fiscal 2022, the year ended 31 December 2022, up 32.0% on the year before. Net income was $52 million, up 13.8%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2023.
Revenue
$327 million
+32.0% on the year
FY2017FY2022
Operating margin
20.7%
23.1% a year earlier
FY2017FY2022
Net income
$52 million
+13.8% on the year
FY2017FY2022
Diluted EPS
$2.02
+14.8% on the year
FY2017FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
170
87.8
57.5
+93.1%
Capital expenditure
0.3
0.0
0.1
+1,638.9%
Free cash flow
169
87.8
57.4
+92.8%
Free cash flow margin
51.8%
35.4%
34.0%
Cash from investing
-157
-58.2
-185
Cash from financing
5.0
-13.0
128
Depreciation and amortisation
4.1
3.5
1.3
+16.1%
Share-based compensation
11.6
5.6
2.2
+108.2%
Buybacks
34.4
15.9
n/a
+117.1%
Diluted shares, weighted
26m
26m
26m
-1.2%
Shares outstanding at period end
25m
25m
26m
-1.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
385
394
364
-2.4%
Debt
36.4
n/a
n/a
Other liabilities
885
532
365
+66.5%
Total liabilities and equity
1,306
926
729
+41.1%
Fixed assets
0.6
0.5
0.7
+14.4%
Goodwill
0.0
n/a
n/a
Intangible assets
8.3
9.5
11.5
-13.1%
Securities held for sale or to maturity
515
433
398
+19.0%
Cash and equivalents
68.1
50.3
33.5
+35.4%
Other assets
714
433
285
+65.1%
Total assets
1,306
926
729
+41.1%
10-K for the year ended 31 December 2022, filed 1 March 2023: the filing.