Palomar Holdings, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- 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.
Company News
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Palomar: Focus On Earthquake Business And AI Utilization
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Specialty Insurance: 4 Stocks to Watch in Niche Risks Creating Demand
Why Palomar (PLMR) is a Top Growth Stock for the Long-Term
Palomar (NASDAQ:PLMR) CEO Mac Armstrong Sells 3,500 Shares of Stock
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Palomar (PLMR) Just Overtook the 50-Day Moving Average
California State Teachers Retirement System Raises Holdings in Palomar Holdings, Inc. $PLMR
PLMR's Gray Surety Acquisition Boosts Scale and Diversification
Palomar Holdings, Inc. Announces Participation in the KBW Insurance Conference
Palomar (PLMR) Down 1.4% Since Last Earnings Report: Can It Rebound?
3 Reasons Why Growth Investors Shouldn't Overlook Palomar (PLMR)
Hsbc Holdings PLC Takes $767,000 Position in Palomar Holdings, Inc. $PLMR
Here's Why Palomar (PLMR) is a Strong Growth Stock
Financial Analysis: Palomar (NASDAQ:PLMR) versus World Access (OTCMKTS:WAXS)
48,512 Shares in Palomar Holdings, Inc. $PLMR Acquired by Deutsche Bank AG
BlackRock Inc. Buys Shares of 4,401,832 Palomar Holdings, Inc. $PLMR