156.78
+0.69%
Close of 9 Nov 2026, in USD
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About Palomar Holdings
From its filings with the US Securities and Exchange Commission
Palomar Holdings is based in La Jolla, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PLMR. The SEC classifies its business as fire, marine & casualty insurance. In the fiscal year to 31 December 2025, it reported revenue of $876.0m and net income of $197.1m. At that date it held total assets of $3.05bn and shareholders' equity of $942.7m.
We are a specialty insurance company that provides property and casualty insurance products to individuals and businesses. We leverage underwriting expertise and data-driven analytics to offer innovative solutions in five product categories: Earthquake, Casualty, Inland Marine and Other Property, Crop, and Fronting. We offer coverage in both the admitted and excess and surplus lines (“E&S”) markets, utilizing proprietary data analytics and a technology-enabled platform to support customized underwriting and pricing. Our insurance company subsidiaries, Palomar Specialty Insurance Company (“PSIC”), Palomar Excess and Surplus Insurance Company (“PESIC”), and First Indemnity of America Insurance Co. (“FIA”) carry an “A” financial strength rating from A.M. Best Company (“A.M. Best”), a leading rating agency for the insurance industry.
We distribute our products through multiple channels, including retail agents, program administrators, wholesale brokers, and strategic partnerships with other insurance companies. Our business strategy is supported by a comprehensive risk transfer program with reinsurance coverage that we believe reduces earnings volatility and provides appropriate levels of protection from catastrophic events and other significant loss events. Our management team combines decades of insurance industry experience across specialty underwriting, reinsurance, program administration, distribution, analytics, and claims.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 17 Apr 2019
- Employees
- 439
- Head office
- 7979 IVANHOE AVENUE, LA JOLLA, CA, 92037
- Incorporated in
- DE
- Classification
- Fire, Marine & Casualty Insurance
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Mac ArmstrongChairman of the Board, Chief Executive Officer, since 2014$5.5m
- Mr. Jon ChristiansonPresident$1.7m
- Mr. Chris UchidaChief Financial Officer$1.8m
- Mr. Rodolphe HerveChief Operating Officer$1.6m
- Mr. Timothy CarterChief People Officer
- Mr. Jonathan KnutzenChief Risk Officer$1.6m
- Ms. Angela GrantChief Legal Officer, Corporate Secretary$858,093
- Mr. Richard TaketaLead Independent Director$238,464
- Mr. Daryl BradleyIndependent Director$219,214
- Mr. Thomas BradleyIndependent Director$295,123
- Ms. Catriona FallonIndependent Director$218,464
- Ms. Daina MiddletonIndependent Director$223,214
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 42
- Environment
- 17
- Social
- 69
- Governance
- 40
- Direct emissions (scope 1)
- 97 t
- Energy emissions (scope 2)
- 52 t
- Value chain emissions (scope 3)
- 14,238 t
- Women in the workforce
- 42%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Palomar Holdings Inc enjoys a robust market presence as a leading provider of specialty property insurance products in various regions. Its extensive network and reach have enabled the company to establish a strong foothold in the industry.
- Palomar Holdings Inc offers unique and innovative insurance products that cater to specific needs within the market. By focusing on specialty property insurance, the company sets itself apart from competitors and appeals to a niche customer base.
- Palomar Holdings Inc demonstrates excellent financial stability with consistent profitability and strong financial performance. Its secure financial position ensures the company's ability to weather economic downturns and pursue growth opportunities.
Weaknesses
- Palomar Holdings Inc has a relatively narrow product portfolio, primarily focused on specialty property insurance. This limited offering may restrict its ability to capture a broader market share and diversify revenue streams.
- Palomar Holdings Inc heavily relies on reinsurance to manage risk exposure. Any disruptions or changes in reinsurance markets could impact the company's ability to adequately cover policyholder claims, potentially leading to financial difficulties.
Opportunities
- Palomar Holdings Inc can explore opportunities to expand its market presence into new geographic regions. By strategically entering untapped markets, the company can extend its customer base and increase revenue potential.
- Palomar Holdings Inc can leverage technological advancements to enhance its product offerings and customer experience. By investing in innovative solutions, such as utilizing data analytics or implementing digital platforms, the company can gain a competitive edge in the market.
Threats
- Palomar Holdings Inc operates in a highly competitive industry with numerous established insurers and new entrants. Intense competition may lead to pricing pressures, reduced market share, or difficulties in acquiring new customers.
- Palomar Holdings Inc is subject to regulatory and legal requirements that can create compliance challenges and increase operational costs. Changes in laws or regulations, along with potential litigation, pose significant risks to the company's operations and financial stability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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