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Companies / Financials / Palomar Holdings, Inc.
PLMR

Palomar Holdings, Inc.

FinancialsProperty & Casualty Insurance
Ticker PLMRLA JOLLA, CAFiscal year ends DecemberBook value per share $36.29Diluted shares 27.1M

Palomar Holdings (Nasdaq: PLMR) is a specialty property and casualty insurer serving individuals and businesses through admitted and excess and surplus lines. Its products cover earthquake, casualty, inland marine and other property, crop, and fronting risks, with distribution through retail agents, wholesale brokers,… From the company’s description.

Over the twelve months to Sep 30, 2026, Palomar Holdings, Inc. reported revenue of $1.23B, up 58.5% from a year earlier. Its operating margin was 23.5%, and operations generated $452.18M in cash. In fiscal 2025, it reported revenue of $875.97M, up 58.2% from fiscal 2024, and net income of $197.07M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$875.97MFY2025
+58.2% year over year
Last 12 mo $1.23B
27.62%FY2025
+0.9 percentage points
Last 12 mo 23.47%
$197.07MFY2025
+67.6% year over year
20.91%FY2025
+4.8 percentage points
Last 12 mo 22.04%
Cash & financing
$409.12MFY2025
+56.7% year over year
Last 12 mo $452.18M
$402.89MFY2025
+57.9% year over year
Last 12 mo $443.57M
—
Was 0.00× a year earlier
Last 12 mo 0.32
27.5MFY2025
+4.8% year over year
Last 12 mo 27.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Palomar Holdings, Inc. does

In the company’s own words

Palomar Holdings (Nasdaq: PLMR) is a specialty property and casualty insurer serving individuals and businesses through admitted and excess and surplus lines. Its products cover earthquake, casualty, inland marine and other property, crop, and fronting risks, with distribution through retail agents, wholesale brokers, program administrators, and insurance-company partners. In 2025, gross written premiums were $2.03 billion; earthquake represented 28.2% of premiums, casualty 26.8%, inland marine and other property 22.0%, crop 12.2%, and fronting 10.8%. Palomar uses licensed insurance subsidiaries to issue policies and support customized programs, and its underwriting platform combines data analytics with automated processes for personal lines and specialist underwriting for complex commercial risks. Its product offerings include residential and commercial earthquake coverage, liability and environmental products, multi-peril crop insurance, and insurance programs for other carriers and reinsurers. Founded in 2014, the company expanded beyond earthquake insurance through product development and acquisitions, including crop and surety businesses; its January 2026 acquisition of Gray Surety adds contract bonds for mid-sized and emerging contractors. Its website is https://www.plmr.com.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
LA JOLLA, CA
Fiscal year end
December
CIK
1761312
SIC
6331

Financial performance, year by year

Fiscal 2019–2025 · USD
$-123.33M$246.66M$616.66M$986.65M$1.36B2019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Palomar Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

337
funds hold it
0 of 35
superinvestors hold it
$1.51B
held by funds, at market
47.3%
of shares held by funds

Largest fund holders · Palomar Holdings, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.18%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets
—of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Palomar Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
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