For the year ending 2025-12-31, PLMR had $26,353K increase in cash & cash equivalents over the period. $408,984K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 197,070 |
| Stock-based compensation expense | 21,013 |
| Depreciation and amortization expense | 8,927 |
| Loss on asset disposal | -31 |
| Net realized and unrealized gains on investments | 11,831 |
| Amortization of premium on fixed maturity securities | -61 |
| Deferred income tax expense (benefit) | 1,874 |
| Accrued investment income | 2,969 |
| Premium receivable | 147,066 |
| Deferred policy acquisition costs | 31,175 |
| Reinsurance recoverables | 73,542 |
| Ceded unearned premiums | 79,681 |
| Prepaid expenses and other assets | -26,210 |
| Accounts payable and other accrued liabilities | -6,891 |
| Reserve for losses and loss adjustment expenses | 178,061 |
| Unearned premiums | 240,859 |
| Ceded premiums payable | 81,245 |
| Funds held under reinsurance treaty | -16,981 |
| Income taxes payable | 0 |
| Net proceeds from (purchases of) derivative contracts | -9,934 |
| Net cash provided by operating activities | 409,121 |
| Purchases of property and equipment | 137 |
| Proceeds from sale of property and equipment | 346 |
| Capitalized software costs | 6,090 |
| Purchases of fixed maturity securities | 848,358 |
| Purchases of equity securities | 55,550 |
| Purchase of equity method investment | 0 |
| Sales and maturities of fixed maturity securities | 614,616 |
| Sales of equity securities | 12,956 |
| Change in securities receivable or payable, net | -1,025 |
| Investments in limited partnerships | 11,244 |
| Acquisitions, net of cash acquired | 58,591 |
| Purchase of policy renewal rights | 905 |
| Net cash used in investing activities | -353,982 |
| Payments on line of credit | 15,000 |
| Proceeds from line of credit | 15,000 |
| Proceeds from common stock issued via employee stock purchase plan | 1,165 |
| Proceeds from common stock issued via stock option exercises | 3,755 |
| Policy holder contribution to surplus | 3,719 |
| Repurchase of common stock | 37,284 |
| Proceeds from stock offering, net of offering costs | -141 |
| Net cash provided by (used in) financing activities | -28,786 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 26,353 |
| Cash, cash equivalents and restricted cash at beginning of period | 80,539 |
| Cash, cash equivalents and restricted cash at end of period | 106,892 |
Palomar Holdings, Inc. (PLMR)
Palomar Holdings, Inc. (PLMR)