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Palomar Holdings (Palomar Holdings) Scaled Net Operating Assets : 0.09 (As of Mar. 2024)


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What is Palomar Holdings Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Palomar Holdings's operating assets for the quarter that ended in Mar. 2024 was $1,492.8 Mil. Palomar Holdings's operating liabilities for the quarter that ended in Mar. 2024 was $1,340.0 Mil. Palomar Holdings's Total Assets for the quarter that ended in Dec. 2023 was $1,708.0 Mil. Therefore, Palomar Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was 0.09.

Palomar Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Palomar Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(1656.476-1184.17)/1306.45
=0.36

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1708.022 - 51.546
=1656.476

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1236.77 - 0 - 52.6
=1184.17

Palomar Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(1492.817-1340.026)/1708.022
=0.09

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1884.684 - 391.867
=1492.817

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1383.026 - 0 - 43
=1340.026

* 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.

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Palomar Holdings (Palomar Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Palomar Holdings Inc (NAS:PLMR) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
PH8:Germany
Address
7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, USA, 92037
Website
https://plmr.com
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.
Executives
T Christopher Uchida officer: Chief Financial Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jon Christianson officer: Chief Operating Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Angela L. Grant officer: Chief Legal Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Michelle Antoinette Johnson officer: Senior VP, People & Talent 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Jonathan Knutzen officer: Chief Risk Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92121
Mac Armstrong director, officer: Chief Executive Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
William Bold officer: Chief Strategy Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Heath A Fisher officer: President 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Martha Notaras director 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Robert E Dowdell director
Daina Middleton director C/O MARIN SOFTWARE INCORPORATED, 123 MISSION STREET, 25TH FLOOR, SAN FRANCISCO CA 94105
Richard H Taketa director 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Britt Morries officer: Chief Operating Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Andrew T Robinson officer: Chief Underwriting Officer 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037
Daryl Bradley director 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA CA 92037