Palomar Holdings, Inc. PLMR

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

We are a specialty insurance company that provides property and casualty insurance products to individuals and businesses. We leverage underwriting expertise and data-driven analytics to offer innovative solutions in five product categories: Earthquake, Casualty, Inland Marine and Other Property, Crop, and Fronting. We offer coverage in both the admitted and excess and surplus lines ("E&S") markets, utilizing proprietary data analytics and a technology-enabled platform to support customized underwriting and pricing. Our insurance company subsidiaries, Palomar Specialty Insurance Company ("PSIC"), Palomar Excess and Surplus Insurance Company ("PESIC"), and First Indemnity of America Insurance Co. ("FIA") carry an "A" financial strength rating from A.M. Best Company ("A.M. Best"), a leading rating agency for the insurance industry.

Last close 141.78 2026-10-23
Market cap $3.73B 2026-06-30 share count
52-week range 100.81 - 147.62

Valuation FY2025 figures against the last close

P/S4.3x
P/E19.8x
P/FCF9.1x
EV/EBITDA—
Dividend yield—
Diluted EPS7.17

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $876.0M$553.9M$375.9M$327.1M$247.8M$168.5M$113.3M$73.0M$59.5M—
Interest expense $392.0K$1.1M$3.8M$873.0K$40.0K—$1.1M$2.3M$1.7M—
Pre-tax income $253.4M$151.2M$103.6M$67.6M$57.1M$6.2M$18.1M$18.2M$4.9M—
Income tax $56.3M$33.6M$24.4M$15.4M$11.3M$34.0K$7.5M$6.0K$1.1M—
Net income $197.1M$117.6M$79.2M$52.2M$45.8M$6.3M$10.6M$18.2M$3.8M—
EPS, basic 7.404.613.192.071.800.250.491.070.22—
EPS, diluted 7.174.483.132.021.760.240.491.070.22—
Shares, diluted (wtd. avg.) 27.5M26.2M25.3M25.8M26.1M25.6M21.8M17.0M17.0M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $106.9M$80.4M$51.5M$68.1M$50.3M$33.8M$33.3M$9.9M$10.9M$9.8M
Property, plant and equipment $2.6M$429.0K$373.0K$603.0K$527.0K$739.0K$845.0K$947.0K——
Goodwill $30.5M$3.8M$3.8M$0——————
Other intangibles ———$8.3M$9.5M$11.5M$744.0K$744.0K——
Total assets $3.05B$2.26B$1.71B$1.31B$925.7M$729.1M$395.5M$231.1M——
Total liabilities $2.11B$1.53B$1.24B$921.7M$531.6M$365.4M$176.9M$134.8M——
Retained earnings $422.0M$262.2M$144.6M$87.7M$70.0M$40.0M$33.9M$28.4M$3.2M—
Total equity $942.7M$729.0M$471.3M$384.8M$394.2M$363.7M$218.6M$96.3M$78.4M$73.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $409.1M$261.2M$116.1M$169.6M$87.8M$57.5M$44.5M$22.8M$20.2M—
Depreciation and amortisation $8.9M$5.1M$4.5M$4.1M$3.5M$1.3M$216.0K$212.0K$160.0K—
Stock-based compensation $21.0M$16.7M$14.9M$11.6M$5.6M$2.2M$24.1M———
Capital expenditure $137.0K$243.0K$15.0K$313.0K$18.0K$132.0K$115.0K$332.0K$68.0K—
Investing cash flow -$354.0M-$306.2M-$128.5M-$156.8M-$58.2M-$185.4M-$83.4M-$25.4M-$19.1M—
Financing cash flow -$28.8M$73.8M-$3.9M$5.0M-$13.0M$128.3M$62.3M$1.5M——
Buybacks $37.3M$0$22.3M$34.4M$15.9M—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002071876-26-000105.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2017: 59.5M Net income, FY2017: 3.8M Revenue, FY2018: 73M Net income, FY2018: 18.2M Revenue, FY2019: 113.3M Net income, FY2019: 10.6M Revenue, FY2020: 168.5M Net income, FY2020: 6.3M Revenue, FY2021: 247.8M Net income, FY2021: 45.8M Revenue, FY2022: 327.1M Net income, FY2022: 52.2M Revenue, FY2023: 375.9M Net income, FY2023: 79.2M Revenue, FY2024: 553.9M Net income, FY2024: 117.6M Revenue, FY2025: 876M Net income, FY2025: 197.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $59.5M $73.0M $113.3M $168.5M $247.8M $327.1M $375.9M $553.9M $876.0M
Gross profit — — — — — — — — — —
Net income — $3.8M $18.2M $10.6M $6.3M $45.8M $52.2M $79.2M $117.6M $197.1M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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