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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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.

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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.

LA JOLLA, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that it secured $25.0 million of aggregate excess of loss reinsurance limit (“Aggregate Cover”). The Aggregate Cover incepts April 1, 2021, has an attachment point of $30.0 million and provides coverage for qualifying events within its per occurrence retention. Coverage applies across all perils including but not limited to earthquakes, hurricanes, convective storms, and floods above a qualifying level of $2.0 million in ultimate gross loss.

Palomar Holdings, Inc. Announces Successful Placement of Aggregate Reinsurance Protection and Provides Estimated Fourth Quarter 2020 Catastrophe Losses

LA JOLLA, Calif. , Jan. 12, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Mark Brose has been appointed Chief Technology Officer. Mr. Brose will report directly to his predecessor, the Company's Chief Operating Officer, Britt Morries, who assumed the role of Chief Operating Officer on September 1, 2020.

Palomar Holdings, Inc. Appoints Mark Brose as Chief Technology Officer

Palomar Holdings (PLMR) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

Palomar (PLMR) Enters Overbought Territory: Is A Drop Coming?

~ Palomar's brand redesign marks important milestone in Company's evolution ~ ~ Palomar's brand redesign marks important milestone in Company's evolution ~

Palomar Holdings, Inc. Launches New Brand Identity, Corporate Website, and Logo

LA JOLLA, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Michelle Johnson has been promoted to Chief Talent & Diversity Officer, effective immediately. Ms. Johnson was previously Senior Vice President of People & Talent, having served in this role since joining the Company in 2019.

Palomar Holdings, Inc. Announces Promotion of Michelle Johnson to Chief Talent & Diversity Officer

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

Palomar (PLMR) Down 19.4% Since Last Earnings Report: Can It Rebound?

Company announces commitment to allocate up to $10 million with majority Black-owned Broadway Federal Bank Company announces commitment to allocate up to $10 million with majority Black-owned Broadway Federal Bank

Palomar Publishes Inaugural Sustainability & Citizenship Report

~ Expands Depth of Senior Leadership Team ~

Palomar Holdings, Inc. Appoints Angela Grant as Chief Legal Officer

Palomar Holdings, Inc. (PLMR) CEO Mac Armstrong on Q3 2020 Results - Earnings Call Transcript

LA JOLLA, Calif., Nov. 11, 2020 /PRNewswire/ -- Palomar Holdings, Inc. (NASDAQ: PLMR) ("Palomar" or the "Company") announced an agreement with Torrent Technologies, a flood insurance technology and servicing company and part of Marsh, to provide Torrent's Write-Your-Own (WYO) carrier...

Palomar Holdings, Inc. Announces Agreement with Marsh's Torrent Technologies for Private Flood Insurance Solution to WYO Offering

Palomar (PLMR) third-quarter earnings reflect high costs and underwriting loss, offset by improved premiums and net investment income.

Palomar's (PLMR) Q3 Earnings and Revenues Miss Estimates

Palomar (PLMR) delivered earnings and revenue surprises of -12.73% and -5.90%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Palomar (PLMR) Reports Q3 Loss, Misses Revenue Estimates

Shares of Palomar Hldgs (NASDAQ:PLMR) decreased 2% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 250.00% over the past year to ($0.60), which missed the estimate of ($0.54).

Recap: Palomar Hldgs Q3 Earnings

LA JOLLA, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced an agreement between Palomar Specialty Insurance Company, a wholly-owned subsidiary of Palomar, and GeoVera Holdings, Inc. (“GeoVera”) to acquire the renewal rights to GeoVera's Hawaii residential Hurricane policies. The transaction will further deepen Palomar's presence in Hawaii, a market that the Company has served since 2015.

Palomar Holdings, Inc. Announces Acquisition of Renewal Rights for Hawaii Residential Hurricane Business from GeoVera Holdings, Inc.

LA JOLLA, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) reported a net loss of $15.7 million, or $0.62 per diluted share, for the third quarter of 2020 compared to net income of $7.5 million, or $0.31 per diluted share, for the third quarter of 2019.

Palomar Holdings, Inc. Reports Third Quarter 2020 Results

Palomar (PLMR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Palomar (PLMR) to Report a Decline in Earnings: What to Look Out for

LA JOLLA, Calif., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its third quarter 2020 results after the market close on Tuesday, November 10, 2020 and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Wednesday, November 11, 2020.

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

Earnings Preview: Palomar (PLMR) Q3 Earnings Expected to Decline

The company has carved out a niche in writing insurance in underserved markets with few direct competitors.

Palomar Has Carved Out a Fast-Growing Insurance Niche -- Is it a Buy?

Palomar (PLMR) estimates third-quarter pre-tax cat loss from hurricanes Hanna, Isaias, Laura and Sally to be about $34 million to $38 million.

Palomar (PLMR) Estimates Q3 Catastrophe Loss of $34M to $38M

LA JOLLA, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced estimated range of pretax catastrophe losses of $34 million to $38 million, net of reinsurance, in the third quarter of 2020. These estimates represent anticipated losses from Hurricanes Hanna, Isaias, Laura and Sally.

Palomar Holdings, Inc. Estimates Third Quarter Catastrophe Losses

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

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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.

News for Palomar Stock (PLMR)