PLMR
Financial ServicesPalomar Holdings, Inc. · Insurance - Property & Casualty · $3B
What is Palomar Holdings, Inc.?
Palomar Holdings is a specialty property insurer focused on coverage gaps that standard carriers typically avoid. Headquartered in La Jolla, California, the company serves both residential and commercial customers across a range of hard-to-place risks.
Palomar designs and distributes specialty property insurance products targeting perils such as earthquakes, hurricanes, and floods — areas where traditional insurers often pull back. The company generates revenue through underwriting premiums and assumed reinsurance arrangements. It reaches customers through retail agents, wholesale brokers, program administrators, and carrier partnerships, allowing it to scale distribution without building a direct sales force from scratch.
Palomar Holdings was incorporated in 2013 and is headquartered in La Jolla, California.
- Residential and commercial earthquake insurance
- Specialty homeowners and Hawaii hurricane coverage
- Inland marine and commercial all-risk policies
- Residential and commercial flood insurance
- Real estate investor and error & omission products
Is PLMR a Good Stock to Buy?
UQS Score rates PLMR as Very Good overall.
Palomar's strongest signals come from its Quality and Growth pillars, both rated Strong — reflecting a business model that has demonstrated consistent expansion in a niche corner of the insurance market. The Valuation pillar is rated Attractive, suggesting the market may not yet be fully pricing in the company's earnings trajectory relative to peers.
The Moat pillar is rated Weak, which is worth watching — specialty insurance can be replicated by well-capitalized competitors, and distribution relationships are not always exclusive.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PLMR pay dividends?
No — Palomar Holdings, Inc. does not currently pay a dividend.
Palomar does not currently pay a dividend. For a growth-oriented specialty insurer, this is consistent with a strategy of reinvesting capital into expanding its product suite, entering new geographies, and deepening distribution partnerships rather than returning cash to shareholders in the near term.
When does PLMR report earnings?
Palomar Holdings reports earnings on a quarterly cadence, typical for US-listed equities.
The company has shown a pattern of premium growth driven by expanding its specialty lines and adding new distribution relationships. Underwriting discipline remains central to how management communicates results each quarter.
For the most recent quarter's results and guidance commentary, visit Palomar Holdings' investor relations page directly.
PLMR Price History
+80.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Palomar Holdings, Inc.?
Based on Palomar Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PLMR Long-term Outlook
Palomar's Strong Growth pillar points to a business still in an expansion phase, with meaningful runway in underpenetrated specialty lines like earthquake and flood. The Good Risk pillar suggests the company manages its exposure profile with reasonable discipline, though catastrophe-driven volatility is an inherent feature of property insurance. The Attractive Valuation label adds an additional layer of interest for investors evaluating entry points.
Growth drivers
- Continued expansion into underserved specialty property perils
- Scaling distribution through wholesale brokers and program administrators
- Growing demand for catastrophe-exposed coverage as standard carriers retreat
Key risks
- Catastrophic loss events that exceed modeled expectations
- Competitive pressure from larger, better-capitalized specialty insurers
- Reinsurance cost increases that compress underwriting margins
PLMR vs Peers
Palomar operates in a competitive specialty insurance landscape alongside several focused and diversified peers.
Hagerty concentrates on collector vehicle and lifestyle insurance, serving a narrower enthusiast niche compared to Palomar's property-peril focus.
Intact is a large, diversified Canadian property and casualty insurer with significantly broader geographic reach and product breadth than Palomar.
Aspen operates across both insurance and reinsurance segments globally, giving it a different risk profile and capital structure relative to Palomar's specialty-first model.
Frequently Asked Questions
What does Palomar Holdings do?
Palomar Holdings is a specialty property insurer that covers risks most standard carriers avoid — including earthquakes, hurricanes, floods, and inland marine exposures. It serves residential and commercial customers and distributes through agents, brokers, and program administrators.
Does PLMR pay dividends?
No, Palomar Holdings does not currently pay a dividend. The company appears to prioritize reinvesting capital into growth initiatives, including new product lines and expanded distribution, rather than returning cash to shareholders through regular income payments.
When does PLMR report earnings?
Palomar reports on a standard quarterly schedule. Our data source does not cover specific upcoming earnings dates, so check Palomar Holdings' investor relations page for the most current calendar.
Is PLMR a good stock to buy?
UQS Score rates PLMR as Very Good, with Strong marks in both Quality and Growth and an Attractive Valuation label. The Moat pillar is rated Weak, which is a consideration. The full pillar breakdown is available to Pro members for a more complete picture.
Is PLMR overvalued?
The UQS Valuation pillar for PLMR is rated Attractive, meaning the current price appears favorable relative to the company's fundamental profile when assessed within our scoring framework. This does not constitute a price target or guarantee of future returns.
How does PLMR compare to its competitors?
Palomar is more narrowly focused than peers like Intact Financial, which operates across broad property and casualty lines globally. Compared to Hagerty, Palomar covers a wider range of property perils. Aspen brings a reinsurance dimension that Palomar does not emphasize. Each competitor carries a distinct risk and growth profile.
What is PLMR's market cap bracket?
Palomar Holdings is classified as a mid-cap company. This places it in a range where growth potential may still be meaningful, but the company has established enough scale to attract institutional attention and maintain reasonable liquidity.
Who founded Palomar Holdings?
Palomar Holdings was incorporated in 2013, originally operating under the name GC Palomar Holdings. Founding details are publicly available through the company's official filings and investor relations materials.
Is PLMR a long-term quality stock?
As a long-term quality indicator, PLMR scores Very Good on the UQS framework, with Strong Quality and Growth pillars. The Weak Moat rating is a factor to weigh — durable competitive advantages are important for long-term compounding. Pro members can view the complete analysis.
What is the main competitive advantage of Palomar Holdings?
Palomar's edge lies in its specialization — focusing on property perils that standard insurers underwrite reluctantly or not at all. This allows it to operate in less crowded markets. However, the UQS Moat pillar is rated Weak, suggesting this advantage may not yet be deeply entrenched.
What sector does PLMR belong to?
Palomar Holdings operates in the Financial Services sector, specifically within the specialty insurance segment. Investors comparing PLMR to broader financial stocks should account for the distinct underwriting dynamics and catastrophe exposure that define specialty property insurers.
Is PLMR a growth stock or value stock?
Based on UQS pillar labels, PLMR leans toward a growth profile — the Growth pillar is rated Strong. At the same time, the Valuation pillar is rated Attractive, which is unusual for high-growth names. This combination may appeal to investors seeking growth without paying a steep premium.
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Pro Analysis
PLMR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 78.7 | 86.3 | 34.0 | 100.0 | 99.8 | 90.8 | +0.1 |
| May 22, 2026 | 78.6 | 86.3 | 34.0 | 100.0 | 99.8 | 90.4 | +0.1 |
| May 20, 2026 | 78.5 | 86.3 | 34.0 | 100.0 | 99.8 | 89.8 | -0.4 |
| May 13, 2026 | 78.9 | 86.3 | 34.0 | 100.0 | 99.8 | 92.2 | +0.1 |
| May 11, 2026 | 78.8 | 86.3 | 34.0 | 100.0 | 99.8 | 91.5 | +4.5 |
| May 7, 2026 | 74.3 | 90.7 | 34.0 | 100.0 | 63.6 | 90.4 | +0.5 |
| May 3, 2026 | 73.8 | 90.7 | 34.0 | 100.0 | 63.6 | 87.5 | +0.1 |
| Apr 26, 2026 | 73.7 | 90.7 | 34.0 | 100.0 | 63.6 | 86.4 | +0.2 |
| Apr 19, 2026 | 73.5 | 90.7 | 34.0 | 100.0 | 63.6 | 85.1 | -0.1 |
| Apr 18, 2026 | 73.6 | 90.7 | 34.0 | 100.0 | 63.6 | 86.0 | -1.3 |
PLMR — Pillar Breakdown
Quality
— 86.3/100 (25%)Palomar Holdings, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 100.0/100 (20%)Palomar Holdings, Inc. is growing rapidly with strong revenue and earnings expansion.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 99.8/100 (15%)Palomar Holdings, Inc. carries minimal financial risk with conservative leverage and strong solvency.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 90.8/100 (15%)Palomar Holdings, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 34/100 (25%)Palomar Holdings, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PLMR.
Score Composition
Financial Data
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How is the PLMR UQS Score Calculated?
The UQS (Unified Quality Score) for Palomar Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Palomar Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Palomar Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.