Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Palomar Holdings's annualizedGross Profit for the quarter that ended in Mar. 2024 was $474.1 Mil.
Palomar Holdings's average Total Assets over the quarter that ended in Mar. 2024 was $1,796.4 Mil. Therefore, Palomar Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 26.39%.
Palomar Holdings Gross-Profit-to-Asset % Historical Data
The historical data trend for Palomar Holdings's Gross-Profit-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 Gross-Profit-to-Asset %
For the Insurance - Property & Casualty subindustry, Palomar Holdings's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-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 Gross-Profit-to-Asset % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Palomar Holdings's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Palomar Holdings's Gross-Profit-to-Asset % falls into.
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Mar. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Palomar Holdings Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Palomar Holdings's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
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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