US-listed companies
Palomar Holdings, Inc.

Palomar Holdings, Inc.PLMR

Market cap

P/E ratio

Income statement Balance sheet Cash flow

	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Net income	11	6	46	52
Net income	11	6	46	52
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Net cash provided by operating activities	42	54	88	170
Stock-based compensation expense	24	2	6	12
Stock-based compensation expense	24	2	6	12
Depreciation and amortization expense	-	1	4	4
Depreciation and amortization expense	-	1	4	4
Allowance for credit loss on fixed maturity securities	-	-	0	0
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Net realized and unrealized losses (gains) on investments	4	1	1	-8
Amortization of premium on fixed maturity securities	0	1	2	2
Amortization of premium on fixed maturity securities	0	1	2	2
Deferred income tax expense	-	-	-	-4
Deferred income tax expense	-	-	-	-4
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Accrued investment income	1	1	0	1
Accrued investment income	1	1	0	1
Premium receivable	18	13	39	75
Premium receivable	18	13	39	75
Deferred policy acquisition costs	11	10	20	1
Deferred policy acquisition costs	11	10	20	1
Reinsurance recoverables	3	87	53	36
Reinsurance recoverables	3	87	53	36
Ceded unearned premiums	-	9	23	146
Ceded unearned premiums	-	9	23	146
Prepaid expenses and other assets	9	20	-1	4
Prepaid expenses and other assets	9	20	-1	4
Accounts payable and other accrued liabilities	3	6	-1	5
Accounts payable and other accrued liabilities	3	6	-1	5
Reserve for losses and loss adjustment expenses	-	112	44	58
Reserve for losses and loss adjustment expenses	-	112	44	58
Unearned premiums	51	53	101	187
Unearned premiums	51	53	101	187
Ceded premiums payable	1	11	15	109
Ceded premiums payable	1	11	15	109
Funds held under reinsurance treaty	-1	-3	-6	0
Funds held under reinsurance treaty	-1	-3	-6	0
Income taxes payable	1	-1	-	-
Income taxes payable	1	-1	-	-
Net cash provided by operating activities	42	54	88	170
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Purchases of property and equipment	0	0	0	0
Purchases of property and equipment	0	0	0	0
Capitalized software costs	-	-	5	6
Capitalized software costs	-	-	5	6
Purchases of fixed maturity securities	-	295	167	382
Purchases of fixed maturity securities	-	295	167	382
Purchases of equity securities	59	47	50	11
Purchases of equity securities	59	47	50	11
Sales and maturities of fixed maturity securities	-	124	120	243
Sales of equity securities	65	46	42	-
Change in securities receivable or payable, net	1	-3	2	-1
Purchase of policy renewal rights	-	7	0	0
Net cash used in investing activities	-81	-181	-58	-157
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Proceeds from line of credit, net of repayments	-	-	-	36
Proceeds from line of credit	-	-	-	36
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Proceeds from common stock issued via employee stock purchase plan	-	1	1	1
Proceeds from common stock issued via stock option exercises	-	2	2	2
Repurchase of common stock	-	-	16	34
Repurchase of common stock	-	-	16	34
Net cash (used in) provided by financing activities	62	128	-13	5
Net cash (used in) provided by financing activities	62	128	-13	5
Net (decrease) increase in cash, cash equivalents and restricted cash	23	0	17	18
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1
Cash paid for income taxes	6	7	2	19
Cash paid for income taxes	6	7	2	19
Cash paid for interest	1	-	-	1
Cash paid for interest	1	-	-	1