Palomar Holdings, Inc. (PLMR) Stock

Palomar Holdings, Inc. (PLMR) is a Financials stock trading at $130.04 (as of 2026-08-21), with a market capitalization of $3.42B and a trailing P/E of 18.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Palomar Holdings, Inc. is an insurance holding company providing specialty property insurance for residential and commercial customers. Its product offerings include specialty homeowners, earthquake, commercial all risk, inland marine, Hawaii hurricane, and residential flood, along with other lines such as reinsurance and real estate-related products, marketed through retail agents, wholesale brokers, program administrators, and carrier partnerships.

Understand Palomar Holdings, Inc.: how it makes money

Palomar Holdings writes specialty property insurance for residential and commercial customers, and earns money primarily from premiums collected through its retail agent and wholesale broker distribution, plus related specialty coverages and reinsurance-related products.

For Palomar, the key profit lever is whether it can convert new and renewal specialty risks into retained premium (premium retention), especially within its earthquake franchise where retention is very high.

Business quality (Solid): The quarter shows an operating margin of 19.2% alongside strong premium retention (87% overall, 97% for residential earthquake), but the business also shows a sharp decline in fronting premium (down 43%).

Valuation: At 18× earnings, PLMR trades 39% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Premium retention supports earnings stability: Premium Retention Excluding Discontinued Operations is 87%, and Residential Earthquake Premium Retention Rate is 97%.
  • Strong profitability for the quarter: Operating margin is 19.2% for the period ending 2026-03-31.

Bear case

  • Fronting economics appear to be moving against the company: Fronting Premium Decline is -43%, which may indicate less contribution from fronting-related business.
  • Category mix and distribution channels can shift over time: The company reports earthquake franchise mix (58% residential) and activity on excess and surplus paper (27% new business written, 10% book written), which can change as market conditions evolve.
Valuation — source: SEC EDGAR (first-party)
Price$130.04
Market Cap$3.42B
P/E Ratio18.0
EV / EBITDA15.0
Price / Book3.49
Price / Sales3.06
FCF Yield17.5%
DCF Value (model)$188.16
DCF Upside vs Price44.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$875.97M
Net Margin22.5%
Revenue Growth (YoY)58.2%
EPS Growth (YoY)60.5%
FCF Growth (YoY)56.8%
Valuation vs Sector & Industry
Stock P/E18.0
Sector P/E (Financials)15.1
Industry P/E (Insurance)13.0
vs Sector19.3%
vs Industry38.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($524.02M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryInsurance
CEOD. McDonald Armstrong
Employees253
CountryUS
IPO Date2019-04-17

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PLMR earnings history · PLMR institutional & insider holders · PLMR KPIs & operating metrics · PLMR financials · PLMR investor presentations & press releases · PLMR SEC filings · PLMR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.