LA JOLLA, Calif. (AP) — LA JOLLA, Calif. (AP) — Palomar Holdings Inc. (PLMR) on Wednesday reported fourth-quarter profit of $35 million.
On a per-share basis, the La Jolla, California-based company said it had profit of $1.29. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The insurance holding company posted revenue of $155.8 million in the period. Its adjusted revenue was $157 million, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $147.2 million.
For the year, the company reported profit of $117.6 million, or $4.48 per share. Revenue was reported as $549.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PLMR at https://www.zacks.com/ap/PLMR
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