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Palomar Holdings (FRA:PH8) Claims Ratio % : 0.00% (As of . 20)


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What is Palomar Holdings Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Palomar Holdings's Claims Ratio % or its related term are showing as below:

FRA:PH8's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Palomar Holdings Claims Ratio % Historical Data

The historical data trend for Palomar Holdings's Claims Ratio % 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.

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Palomar Holdings Claims Ratio % Chart


Palomar Holdings  (FRA:PH8) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* 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.

Palomar Holdings  (FRA:PH8) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Palomar Holdings Claims Ratio % Related Terms

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Palomar Holdings (FRA:PH8) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Palomar Holdings Inc (FRA:PH8) » Definitions » Claims Ratio %
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Traded in Other Exchanges
PLMR:USA
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.

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