Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Palomar Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $471.3 Mil. Palomar Holdings's Total Assets for the quarter that ended in Dec. 2023 was $1,708.0 Mil.
Therefore, Palomar Holdings's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.28.
The historical rank and industry rank for Palomar Holdings's Equity-to-Asset or its related term are showing as below:
PLMR'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.42 Max: 0.55
Current: 0.28
During the past 8 years, the highest Equity to Asset Ratio of Palomar Holdings was 0.55. The lowest was 0.28. And the median was 0.42.
PLMR's Equity-to-Asset is ranked better than 58.54% of 492
companies
in the Insurance industry
Industry Median: 0.24
vs PLMR: 0.28
Palomar Holdings Equity-to-Asset Historical Data
The historical data trend for Palomar Holdings's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Palomar Holdings's Equity-to-Asset
For the Insurance - Property & Casualty subindustry, Palomar Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Palomar Holdings's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Palomar Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Palomar Holdings's Equity-to-Asset falls into.
Palomar Holdings Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Palomar Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Palomar Holdings Equity-to-Asset Related Terms
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Palomar Holdings (Palomar Holdings) Business Description
Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.
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