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Home CompaniesPalomar Holdings Inc

Palomar Holdings Inc

Financial Services Insurance - Property & Casualty
PortfolioPortfolio WatchlistWatchlist
Company price
155.71 USD 0.04 ( 0.03%)
Last update at 2026-11-06T21:00:00Z
VOLUME
535275
Market Cap
2023.02M
P/E
23.39

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
151.52
Low
156.93
High
52 Week Price Range
48.08
Low
89.22
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Palomar Holdings, Inc. is a U.S.-based specialty property and casualty insurance holding company that underwrites mainly commercial lines, including workers' compensation and related coverages. Its long-term growth may be supported by underwriting discipline, pricing dynamics in commercial lines and potential scale benefits, which could make it appealing to investors seeking exposure to specialty insurance operations.
Key risks include underwriting and reserving volatility, exposure to competitive and regulatory changes and sensitivity to investment income and reinsurance cost fluctuations.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
155.67
Dividend Yield
-
Revenue TTM
405.26M
Revenue Per Share
16.34
Gross Profit TTM
80.05M
Debt / Equity
0.11
ROE
19.48%
Net Debt
0.75M
ROCE
7.51%
Diluted EPS TTM
3.47

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 67.55M 57.14M 6.22M 18.08M 18.21M
Net income 52.17M 45.85M 6.26M 10.62M 18.22M
Gross profit 327.09M 247.79M 168.46M 113.30M 72.97M
Reconciled depreciation 4.12M 3.54M 1.34M 0.22M 0.21M
Ebit 68.42M 57.14M 6.22M 18.08M 20.52M
Ebitda 74.15M 60.68M 7.56M 18.29M 20.73M
Depreciation and amortization 5.72M 3.54M 1.34M 0.22M 0.21M
Operating income 68.42M 57.14M 6.22M 18.08M 20.52M
Other operating expenses 259.54M 190.65M 162.24M 95.22M 54.76M
Interest expense 0.87M 0.04M 0.00M 1.07M 2.30M
Tax provision 15.38M 11.29M -0.03M 7.46M -0.01M
Interest income 14.37M 9.58M 9.04M 6.32M 3.55M
Net interest income -0.87M -0.04M 0.00M -1.07M -2.30M
Extraordinary items - - - -1.15M -
Income tax expense 15.38M 11.29M -0.03M 7.46M -0.01M
Total revenue 327.09M 247.79M 168.46M 113.30M 72.97M
Total operating expenses 259.54M -190.65M -162.24M -95.22M -52.45M
Cost of revenue - - - 88.92M 49.09M
Total other income expense net -0.87M -0.04M 3.29M -1.07M -2.30M
Net income from continuing ops 52.17M 45.85M 6.26M 10.62M 18.22M
Net income applicable to common shares 52.17M 45.85M 6.26M 10.62M 18.22M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1165.42M 1298.82M 925.73M 729.09M 395.46M
Intangible assets 8.56M 8.26M 9.50M 11.51M 0.74M
Other current assets 319.11M -348.35M -278.53M -290.56M -149.37M
Total liab 694.17M 914.06M 531.57M 365.38M 176.91M
Total stockholder equity 471.25M 384.75M 394.17M 363.71M 218.56M
Deferred long term liab - - 3.91M 5.38M -
Other current liab 23.11M -200.66M -58.74M -42.96M -24.94M
Common stock 0.00M 0.00M 0.00M 0.00M 0.00M
Capital stock 0.00M 0.00M 0.00M 0.00M 0.00M
Retained earnings 144.64M 87.71M 69.95M 39.96M 33.86M
Other liab - 53.54M 3.91M 5.38M 2.00M
Good will 3.75M - - - -
Other assets - 696.16M -278.53M -290.56M -149.37M
Cash 51.85M 68.11M 50.28M 33.54M 33.12M
Total current liabilities 254.48M 10.28M 58.74M 42.96M 24.94M
Current deferred revenue -45.34M - - - -
Net debt 0.75M -31.71M -50.28M -33.54M -33.12M
Short term debt 52.60M 36.40M - - -
Short long term debt 52.60M 36.40M - - -
Short long term debt total 52.60M 36.40M - - -
Other stockholder equity 350.60M 333.56M 318.90M 310.51M 180.01M
Property plant equipment - 0.60M 0.53M 0.74M 0.84M
Total current assets 319.11M 583.17M 728.29M 585.10M 303.76M
Long term investments 689.58M 553.64M 465.94M 424.85M 239.48M
Net tangible assets - 376.49M 384.67M 352.20M 217.81M
Short term investments 643.80M 515.06M 432.68M 397.99M 217.15M
Net receivables 538.77M 348.35M 245.33M 153.57M 53.49M
Long term debt - 47.08M 10.88M 4.51M -
Inventory -1234.11M - - - -
Accounts payable 224.12M 164.25M 58.74M 42.96M 24.94M
Accumulated other comprehensive income -23.99M -36.51M 5.31M 13.25M 4.69M
Common stock total equity - 0.00M 0.00M 0.00M 0.00M
Retained earnings total equity - 87.71M 69.95M 39.96M -
Non currrent assets other 820.89M -553.64M -475.97M -434.56M -241.07M
Non current assets total 846.31M 19.49M 475.97M 434.56M 241.07M
Long term debt total - 47.08M 10.88M 4.51M -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -149.91M -54.82M -171.72M -80.57M -25.36M
Change to liabilities 300.74M 115.46M 68.85M 54.53M 19.90M
Total cashflows from investing activities -156.81M -58.19M -181.44M -80.57M -25.36M
Net borrowings 36.40M 36.40M 36.40M -20.00M 1.55M
Total cash from financing activities 5.02M -13.04M 128.33M 62.29M 1.55M
Change to operating activities -21.41M -30.01M -2.27M -28.84M -15.46M
Net income 52.17M 45.85M 6.26M 10.62M 18.22M
Change in cash 17.79M 16.59M 0.44M 23.43M -1.01M
Begin period cash flow 50.37M 33.79M 33.35M 9.92M 10.93M
End period cash flow 68.16M 50.37M 33.79M 33.35M 9.92M
Total cash from operating activities 169.58M 87.81M 53.55M 41.70M 22.81M
Issuance of capital stock 0.00M 0.00M 125.55M 87.41M -
Depreciation 4.12M 3.54M 1.34M 0.22M 0.21M
Other cashflows from investing activities -6.59M -3.35M -9.59M 1.02M 0.25M
Dividends paid - 0.00M 0.00M 5.12M -
Change to inventory - 129.00M 136.63M 36.59M -5.04M
Change to account receivables -111.14M -91.76M -100.23M -20.30M -3.48M
Sale purchase of stock -34.41M -15.85M 0.74M -62.29M -
Other cashflows from financing activities 37.16M 0.72M 2.04M 62.29M 19.05M
Change to netincome 15.63M 4.95M 1.77M 20.74M 3.05M
Capital expenditures 5.94M 4.85M 4.07M 2.93M 0.33M
Change receivables -112.40M -85.57M -98.53M - -
Cash flows other operating -92.29M 1.27M 72.65M - -
Cash and cash equivalents changes 17.79M 16.59M 0.44M - -
Change in working capital 95.82M 31.05M 42.97M 9.20M 0.88M
Stock based compensation 11.62M 5.58M 2.17M 24.10M -
Other non cash items 9.37M 1.15M -0.27M -3.09M 3.49M
Free cash flow 163.65M 82.96M 49.48M 38.77M 22.48M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Property & Casualty

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
PLMR
Palomar Holdings Inc		 0.04
0.03%		 155.71 23.39 - 4.93 3.94 4.94
CB
Chubb Ltd		 -6.61
1.78%		 365.02 12.11 11.83 2.13 1.75 2.45
PGR
Progressive Corp		 -5.41
2.32%		 227.77 11.10 13.55 1.41 3.74 1.50
TKOMF
Tokio Marine Holdings Inc.		 -
-%		 3.80 28.94 12.24 0.01 1.87 1.61
TKOMY
Tokio Marine Holdings Inc		 -0.14
3.59%		 3.63 28.73 12.25 0.01 1.87 1.61

Profile*

Palomar Holdings Inc

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.

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

619 567 5290

https://plmr.com

213

Name Title Year Born
Mr. D. McDonald Armstrong Founder, CEO & Chairman NA
Mr. Jon Marcus Christianson Pres 1980
Mr. Toshio Christopher Uchida Chief Financial Officer 1975
Mr. Jonathan Blake Knutzen Chief Risk Officer 1972
Ms. Elizabeth Whitaker Seitz Chief Accounting Officer NA
Mr. Mark Brose Chief Technology Officer NA
Ms. Angela Leann Grant Chief Legal Officer & Corp. Sec. 1969
Mr. Kyle Morgan Sr. VP of Corp. Devel. & Strategy NA
Mr. John MacDonald Sr. VP of Marketing NA
Ms. Michelle Antoinette Johnson Chief Talent & Diversity Officer 1976

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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