Palomar Holdings, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- D. McDonald Armstrong
- Full Time Employees
- 439
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 7979 Ivanhoe Avenue La Jolla CA United States of America 92037
- IPO Date
- Apr 17, 2019
- CIK
- 0001761312
- Website
- plmr.com
- Similar Companies
- Business
- Palomar Holdings, Inc. (PLMR) is a specialty insurance holding company that provides property and casualty insurance products to residential and commercial customers throughout the United States. Founded in 2014 and headquartered in La Jolla, California, the company operates in five primary product categories: Earthquake, which includes residential and commercial coverage for earthquake damage, contents, appurtenant structures, and temporary housing on both admitted and excess and surplus lines bases; Inland Marine and Other Property, encompassing builder's risk, contractor's equipment, Hawaii hurricane, commercial all risk, residential flood, and excess national property; Casualty, offering general casualty, environmental liability for general and pollution coverage arising from operations or products, and specialized solutions such as cannabis insurance; Fronting, providing capacity for programs and partnerships; and Crop, supporting American farmers through partnerships like Advanced AgProtection and participation in U.S. crop insurance programs. Additional offerings include surety bonds for contract, site, subdivision, court, and miscellaneous needs; differences in conditions (DIC) earthquake and sprinkler leakage; and hurricane insurance for Hawaii homeowners. Palomar distributes its products through retail agents, program administrators, wholesale brokers, and insurer partnerships, targeting underserved markets with innovative underwriting and analytics; the company maintains an A (Excellent) financial strength rating from AM Best and trades on Nasdaq. Recent developments include the October 2025 announcement of a $300 million acquisition of Gray Casualty and Surety Company, expected to close in Q1 2026 and enhance its surety platform with national scale in markets like Texas, Florida, and California; the January 2025 completion of the First Indemnity of America Insurance Company acquisition to bolster surety capabilities; the June 2025 appointment of Neptune Flood as exclusive managing general agent (MGA) for flood insurance to accelerate residential flood growth using AI-powered distribution; a July 2024 partnership with Karma Wallet to launch an insurance-embedded card aiding claims; a 2024 collaboration with Conifer Holdings for cannabis industry coverage; and key 2024 leadership additions such as Chief Operating Officer Rudy Hervé, Chief People Officer Tim Carter, and others in claims, technology, crop, and E&S casualty roles.
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