The historical rank and industry rank for Palomar Holdings's Pretax Margin % or its related term are showing as below:
PLMR'
s Pretax Margin % Range Over the Past 10 Years
Min: 3.69 Med: 18.31 Max: 28.47
Current: 28.47
PLMR's Pretax Margin % is ranked better than 86.83% of 486
companies
in the Insurance industry
Industry Median: 10.115
vs PLMR: 28.47
Palomar Holdings Pretax Margin % Historical Data
The historical data trend for Palomar Holdings's Pretax Margin % 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 Pretax Margin %
For the Insurance - Property & Casualty subindustry, Palomar Holdings's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Palomar Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Palomar Holdings's Pretax Margin % falls into.
Palomar Holdings Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
Palomar Holdings's Pretax Margin 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.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Palomar Holdings Pretax Margin % Related Terms
Thank you for viewing the detailed overview of Palomar Holdings's Pretax Margin % 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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