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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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 (PLMR) is poised to grow, given its expansion of its products' geographic and distribution footprint, lower catastrophe events and solid capital position.

Reasons Why Investors Should Retain Palomar (PLMR) Stock

Alarm.com

Avalara Inc

Etsy

National Vision Hlds

Five9

Freshpet

iRhythm Technologies

Lumentum Holdings

Mimecast

Natera

Q2 Hld

Silk Road Medical Inc

SPS Commerce

For this report, we analyzed the portfolios of the 13 small-cap growth investment managers with the best 10-year performance records.

Positions In The Portfolios Of The Best-Performing Small-Cap Growth Funds

Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?

Palomar (PLMR) Up 20.6% Since Last Earnings Report: Can It Continue?

LA JOLLA, Calif., Sept.  02, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in a fireside chat at the KBW Insurance Conference at 3:30 p.m. Eastern Time on Thursday, September 10, 2020.

Palomar Holdings, Inc. Announces Virtual Participation at KBW Insurance Conference

LA JOLLA, Calif., Sept.  01, 2020  (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Britt Morries has been promoted to Chief Operating Officer, effective immediately.  Mr. Morries is succeeding Jon Christianson, who assumed the role of Chief Underwriting Officer on August 1, 2020.  Mr. Morries will continue to serve as Chief Technology Officer while the Company initiates a search for his replacement.

Palomar Holdings, Inc. Announces Promotion of Britt Morries to Chief Operating Officer

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

EverBank Financial

Kinsale Capital Group

Progressive

We discuss four insurers that crushed the S&P 500 year to date.

4 Insurance Stocks That Outperformed S&P 500 Year to Date

Ryan Clark Steps Down as Chairman of the Board Following Genstar Capital’s Ownership Exit 

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

Allstate

Donegal Group

National General Holdings

United Insurance Hlds

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.

News for Palomar Stock (PLMR)