For the quarter ending 2026-03-31, PLMR had -$50,338K decrease in cash & cash equivalents over the period. $47,025K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| 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 | 47,025 | 117,416 | 83,644 | 208,061 |
| Purchases of property and equipment | 0 | 22 | 51 | 64 |
| Proceeds from sale of property and equipment | 240 | 116 | 230 | - |
| Capitalized software costs | 1,994 | 1,507 | 1,507 | 3,076 |
| Purchases of fixed maturity securities | 253,641 | 137,863 | 80,729 | 629,766 |
| Purchases of equity securities | 11,009 | 45,289 | 0 | 10,261 |
| Purchase of equity method investment | - | 0 | - | - |
| Sales and maturities of fixed maturity securities | 145,058 | 57,491 | 64,979 | 492,146 |
| Sales of equity securities | 0 | 0 | 0 | 12,956 |
| Change in securities receivable or payable, net | -2,503 | -503 | 6,513 | -7,035 |
| Investments in limited partnerships and other assets | 3,213 | -1,417 | 6,572 | 6,089 |
| Purchase of policy renewal rights | - | 305 | 600 | - |
| Acquisitions, net of cash acquired | 246,321 | -2,918 | 0 | 61,509 |
| Net cash used in investing activities | -373,383 | -123,547 | -17,737 | -212,698 |
| Payments on line of credit | - | 0 | 15,000 | - |
| Proceeds from line of credit | - | 0 | 15,000 | - |
| Proceeds from term loan | 297,434 | - | - | - |
| Net (payments on) proceeds from line of credit | - | - | - | 0 |
| Proceeds from stock offering, net of offering costs | 0 | 0 | -141 | - |
| Proceeds from common stock issued via employee stock purchase plan | 743 | 0 | 639 | 526 |
| Offering costs (related to prior year offering) | - | - | - | 131 |
| Proceeds from common stock issued via stock option exercises | 25 | 409 | 80 | 3,266 |
| Policy holder contribution to surplus | 906 | 861 | 1,106 | 1,752 |
| Repurchases of common stock | 23,088 | 7 | 37,277 | - |
| Net cash provided by financing activities | 276,020 | 1,263 | -35,462 | 5,413 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -50,338 | -4,868 | 30,445 | 776 |
| Cash, cash equivalents and restricted cash at beginning of period | 106,892 | 111,760 | 80,539 | - |
| Cash, cash equivalents and restricted cash at end of period | 56,554 | 106,892 | 111,760 | - |
Palomar Holdings, Inc. (PLMR)
Palomar Holdings, Inc. (PLMR)