Palomar

Palomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.

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Palomar Holdings excels in Q4, eyes sustained growth amid challenges

Palomar's Q4 performance reflects strong growth and strategic resilience in a challenging insurance market landscape.
The company's focus on sustaining profitable growth in earthquake insurance and leveraging strategic partnerships positions it for continued success.
While facing challenges such as loss ratios and market uncertainties, Palomar remains optimistic about future opportunities for growth and profitability.

Palomar reports robust Q1 performance, eyes growth amid industry shifts

Palomar's Q1 2023 performance reflects strong growth and strategic focus, despite challenges from industry dynamics. The company's strengths lie in its market positioning, growth areas, and reinsurance program enhancements. Opportunities exist in further expanding core businesses and delivering on financial targets.

Palomar Holdings excels in Q2, eyes growth in new markets

Palomar's Q2 performance showcases growth, profitability, and strategic advancements across key business segments, positioning the company for continued success and expansion.

Palomar Holdings excels in Q3 2023, eyes growth through diversification

Palomar Holdings' Q3 2023 performance reflects strong growth and profitability across key business segments, underpinned by strategic initiatives and prudent risk management. While the company faces challenges related to evolving market dynamics, opportunities for expansion through Assumed Reinsurance and inflation guard strategies position it well for sustainable growth. Palomar's focus on maintaining underwriting discipline and pursuing profitable growth underscores its commitment to delivering consistent results for stakeholders.

Palomar reports record premium growth and strategic diversification success

Palomar Holdings' strong performance in Q4 and full year 2023, driven by diversification, strategic objectives met, and robust premium growth, positions the company for continued success in 2024. While challenges like managing loss ratios and fronting appetite exist, opportunities in expanding Crop Insurance and improved reinsurance economics provide avenues for growth.

Palomar (PLMR) reports robust Q1 earnings, eyes growth opportunities

Palomar's Q1 2024 earnings call highlighted strong financial performance, growth across key product lines, and an upward revision of adjusted net income guidance for the full year. Despite challenges in fronting business and business mix changes, the company remains focused on achieving its strategic goals and capitalizing on growth opportunities.

Palomar Holdings reports record Q2 performance and strategic expansion

Palomar Holdings, Inc. achieved remarkable growth in Q2 2024, with record premiums and improved net income. The company's strategic focus on expansion, financial strength, and product performance underscores its resilience and growth potential in the market. Addressing challenges and seizing opportunities will be crucial for sustaining momentum and driving future success.

Palomar reports robust Q3 earnings, eyes growth in Earthquake insurance

Palomar's Q3 performance reflects strong financial growth, strategic focus on premium expansion, and investments in talent and operational efficiency.
While facing challenges in market dynamics and risk management, the company's strengths in niche insurance classes and growth opportunities in Residential Earthquake insurance position it for continued success.
Overall, Palomar's performance underscores a resilient business model, strategic foresight, and a commitment to delivering consistent earnings and sustainable growth.

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Palomar Holdings, Inc. is a specialty insurance company, which engages in the provision of property and casualty insurance products to individuals and businesses. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, and Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac and Fisher Heath in February 2014 and is headquartered in La Jolla, CA.

Palomar Holdings, Inc. (PLMR) CEO Mac Armstrong on Q2 2020 Results - Earnings Call Transcript

Palomar (PLMR) second-quarter earnings reflect higher premiums, and underwriting income, offset by higher expenses.

Palomar (PLMR) Surpasses Q2 Earnings and Revenue Estimates

LA JOLLA, Calif., Aug.  04, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) reported net income of $12.0 million, or $0.48 per diluted share, for the second quarter of 2020 compared to a net income of $6.7 million, or $0.30 per diluted share, for the second quarter of 2019. Adjusted net income(1) was $13.0 million, or $0.52 per diluted share, an increase of 63.0% for the second quarter of 2020 as compared to $8.0 million, or $0.36 per diluted share, for the second quarter of 2019. 

Palomar Holdings, Inc. Reports Second Quarter 2020 Results

LA JOLLA, Calif., July  28, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today confirmed that AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Palomar Excess and Surplus Insurance Company (PESIC) (Arizona). The outlook assigned to these Credit Ratings (ratings) is stable.

Palomar Holdings, Inc. Confirms AM Best Assigns Credit Ratings to Palomar Excess and Surplus Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to Palomar Excess and Surplus Insurance Company (PESIC) (Arizona).

AM Best Assigns Credit Ratings to Palomar Excess and Surplus Insurance Company

LA JOLLA, Calif., July  23, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its second quarter 2020 results after the market close on Tuesday, August 4, 2020 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Wednesday, August 5, 2020.

Palomar Holdings, Inc. Announces Second Quarter 2020 Financial Results Release Date and Conference Call

AVENTURA, Fla., July 23, 2020 /PRNewswire/ -- RAD Technology Medical Systems (RAD) is pleased to announce the completion of their most recent project, a standalone Crisis Stabilization Unit (CSU) for Palomar Health.

RAD Technology Medical Systems has completed construction on a two-story modular Crisis Stabilization Unit for Palomar Health

LA JOLLA, Calif., June  23, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced the formation of Palomar Excess and Surplus Insurance Company (“PESIC”), a newly established surplus lines insurance company subsidiary.  PESIC has received all necessary regulatory approvals to operate as an excess and surplus lines (“E&S”) insurer.

Palomar Holdings, Inc. Announces the Formation of Palomar Excess and Surplus Insurance Company

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Palomar Holdings, Inc. Announces Changes to its Board of Directors

LA JOLLA, Calif., June  04, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Daryl Bradley has been elected to the Company’s Board of Directors at the Company’s 2020 Annual Meeting of Stockholders held on May 28.

Palomar Holdings, Inc. Announces Election of Daryl Bradley to the Board of Directors

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Disappointing Near-Term Outlook for P&C Insurance Industry

Sturdy new business, rate increases and strong premium retention aid Palomar Holdings (PLMR).

Palomar Gains 47.4% YTD: Can the Stock Retain the Momentum?

Palomar Holdings, Inc. (PLMR) CEO Mac Armstrong on Q1 2020 Results - Earnings Call Transcript

Palomar (PLMR) delivered earnings and revenue surprises of 28.21% and 6.45%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Palomar (PLMR) Surpasses Q1 Earnings and Revenue Estimates

Palomar Holdings Grows But Policyholder Business Failures Loom

LA JOLLA, Calif., March  19, 2020  (GLOBE NEWSWIRE) -- On March 18, 2020 a 5.7 magnitude earthquake struck Magna, Utah and the greater Salt Lake City metropolitan area.  The earthquake was the fifth largest in Utah recorded history and the largest since 1992.

Palomar Holdings, Inc. Issues Statement on Salt Lake City Earthquake of March 18th

Is  (PLMR) Outperforming Other Finance Stocks This Year?

Has Palomar Holdings (PLMR) Outpaced Other Finance Stocks This Year?

Palomar Holdings Inc (PLMR) CEO Mac Armstrong on Q4 2019 Results - Earnings Call Transcript

LA JOLLA, Calif., Feb.  13, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Martha Notaras has been appointed by the Board of Directors (the “Board”) of the Company, effective February 12, 2020. Ms. Notaras will serve for an initial term expiring at Palomar’s 2021 Annual General Meeting of Shareholders and will stand for reelection at that time. Ms. Notaras was appointed to replace Geoffrey I. Miller, who resigned from Palomar’s Board, effective February 12, 2020.

Martha Notaras Joins the Board of Directors of Palomar Holdings, Inc.

Palomar (PLMR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings.

Is a Surprise Coming for Palomar (PLMR) This Earnings Season?

LA JOLLA, Calif., Jan.  09, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced the pricing of its previously announced underwritten public offering (the “Offering) of 5,000,000 shares of Palomar’s common stock, par value $0.0001 per share (the “Common Stock”), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the “Genstar Affiliates”), at a public offering price of $49.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 750,000 additional shares of common stock from the Genstar Affiliates at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.

Palomar Holdings, Inc. Announces Pricing of Primary and Secondary Public Offering

LA JOLLA, Calif., Jan.  07, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced the underwritten public offering of 5,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the “Genstar Affiliates”). In addition, the Genstar Affiliates intend to grant the underwriters of the offering an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 750,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.

Palomar Holdings, Inc. Launches Primary and Secondary Public Offering

LA JOLLA, Calif., Dec.  30, 2019  (GLOBE NEWSWIRE) -- Specialty property insurer Palomar Holdings, Inc. (NASDAQ: PLMR) (‘Palomar’ or the ‘Company’) today announced the successful completion of certain reinsurance programs renewing and incepting at January 1, 2020.

Palomar Holdings, Inc. Announces the Successful Placement of Reinsurance Programs

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