Palomar Holdings, Inc.

NASDAQ•PLMR

CEO: Mr. D. McDonald Armstrong

Sector: Financial Services

Industry: Insurance - Property & Casualty

Listing Date: 2019-04-17

Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

Contact Information

7979 Ivanhoe Avenue, Suite 500, La Jolla, CA, 92037, United States

619-567-5290

plmr.com

Market Cap

$3.18B

P/E (TTM)

16.0

11.7

Dividend Yield

52W High

$175.85

52W Low

$107.75

52W Range

17%

Rank22Top 8.4%

5.9

F-Score

Modified Piotroski Analysis

Based on 9-year fundamentals

Average • 5.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2017-2025

Financial Dashboard

Q4 2025 Data

Revenue

$253.36M+0.00%

4-Quarter Trend

EPS

$2.12+0.00%

4-Quarter Trend

FCF

$115.71M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Gross Premium Growth Strong Gross Written Premiums reached $2.03B USD in 2025, marking 31.5% growth driven by Casualty and Crop lines.

Net Income Surges 67.6% Net income reached $197.1M USD in 2025, demonstrating robust profitability growth of 67.6% year-over-year.

Net Premiums Up 49.5% Net written premiums increased $319.2M USD, achieving 49.5% growth to reach $964.0M USD, driven by new business.

Underwriting Income Rises Underwriting income grew 66.1% to $185.9M USD, reflecting strong pre-tax profitability from underwriting operations.

Risk Factors

Catastrophe Event Exposure Unpredictable catastrophe claims, exacerbated by climate change, pose risk to earnings and stockholders’ equity levels.

California Business Concentration Business concentration remains high in California, generating 31% of gross written premiums in the 2025 fiscal year.

Underwriting Margin Deterioration Adjusted combined ratio excluding catastrophe losses deteriorated to 72.8% in 2025 from 68.3% in 2024.

Reinsurer Payment Uncertainty Reliance on reinsurers presents risk; failure to pay claims timely could adversely affect financial condition and operations.

Outlook

Product Reporting Reorganization Product presentation reorganizes in 2026; Surety and Credit premiums will cease fronting reporting consolidation.

Strategic Acquisitions Completed Acquired FIA (Surety) and AAP (Crop) in 2025 to strengthen and diversify specialty insurance portfolio.

Technology Advantage Maintained Continued investment in proprietary technology and granular analytics supports underwriting efficiency and risk management capabilities.

Share Repurchase Authorized Board approved $150M share repurchase program through July 2027, subject to market conditions and availability.

Peer Comparison

Revenue (TTM)

BHF

$6.37B

+45.9%

KMPR

$4.79B

+3.4%

BKU

$2.14B

+5.8%

Gross Margin (Latest Quarter)

APAM

99.4%

-0.9pp

HTGC

98.1%

+4.1pp

HCI

78.9%

+30.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
BHF	$3.41B	7.9	7.2%	1.3%
RNST	$3.35B	18.4	5.1%	3.9%
BKU	$3.24B	12.2	9.0%	5.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

13.2%

Steady Growth

4Q Net Income CAGR

9.4%

Profitability Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 4, 2026

EPS:$2.28

Revenue:$246.51M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data