Palomar Holdings Overview
- Year Founded
-
2014
- Status
-
Public
- Employees
-
213
- Stock Symbol
-
PLMR
- Investments
-
1
- Share Price
-
$97.19
- (As of Thursday Closing)
Palomar Holdings General Information
Description
Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is 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 specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.
Contact Information
Website
www.plmr.comCorporate Office
- 7979 Ivanhoe Avenue
- Suite 500
- La Jolla, CA 92037
- United States
Corporate Office
- 7979 Ivanhoe Avenue
- Suite 500
- La Jolla, CA 92037
- United States
Palomar Holdings Stock Performance
(As of Thursday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $97.19 | $95.09 | $48.08 - $100.29 | $2.55B | 26.2M | 176K | $3.89 |
Palomar Holdings Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 2,017,854 | 1,386,203 | 1,142,801 | 1,612,026 |
| Revenue | 446,198 | 375,926 | 327,086 | 247,791 |
| EBITDA | 128,380 | 111,920 | 72,539 | 60,722 |
| Net Income | 96,439 | 79,201 | 52,170 | 45,847 |
| Total Assets | 2,016,049 | 1,708,022 | 1,306,450 | 925,734 |
| Total Debt | 13,080 | 66,019 | 47,080 | 10,882 |
Palomar Holdings Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Palomar Holdings Comparisons
Industry
Financing
Details
Palomar Holdings Competitors (7)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Brown & Brown | Corporation | Daytona Beach, FL | ||||
| Chubb | Formerly PE-Backed | Zurich, Switzerland | ||||
| Lloyd's of London (Insurance and Reinsurance Operations) | Failed Transaction (PE) | New York, NY | ||||
| Zurich Insurance Group | Corporation | Zurich, Switzerland | ||||
| GeoVera Holdings | Private Equity-Backed | Fairfield, CA |
Palomar Holdings Executive Team (16)
| Name | Title | Board Seat |
|---|---|---|
| Jon Christianson | President | |
| Mac Armstrong | Founder, Chief Executive Officer & Chairman of the Board | |
| Chris Uchida | Chief Financial Officer | |
| Rodolphe Herve | Chief Operating Officer, Operations | |
| Jon Knutzen | Chief Risk Officer |
Palomar Holdings Board Members (10)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Board Member | ||
| Self | Board Member | ||
| Palomar Holdings | Founder, Chief Executive Officer & Chairman of the Board | ||
| Self | Board Member | ||
| Self | Board Member |
Palomar Holdings Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Palomar Holdings Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Palomar Holdings Acquisitions (1)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| First Indemnity of America Insurance Company | 06-Aug-2024 | Other Insurance |
Palomar Holdings ESG
Risk Overview
Risk Rating
Updated March, 28, 2024
24.86 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Insurance
Industry
of 300
Rank
Percentile
Property and Casualty Insurance
Subindustry
of 89
Rank
Percentile
Palomar Holdings FAQs
-
When was Palomar Holdings founded?
Palomar Holdings was founded in 2014.
-
Who is the founder of Palomar Holdings?
Mac Armstrong and Heath Fisher are the founders of Palomar Holdings.
-
Who is the CEO of Palomar Holdings?
Mac Armstrong is the CEO of Palomar Holdings.
-
Where is Palomar Holdings headquartered?
Palomar Holdings is headquartered in La Jolla, CA.
-
What is the size of Palomar Holdings?
Palomar Holdings has 213 total employees.
-
What industry is Palomar Holdings in?
Palomar Holdings’s primary industry is Property and Casualty Insurance.
-
Is Palomar Holdings a private or public company?
Palomar Holdings is a Public company.
-
What is Palomar Holdings’s stock symbol?
The ticker symbol for Palomar Holdings is PLMR.
-
What is the current stock price of Palomar Holdings?
As of 03-Oct-2024 the stock price of Palomar Holdings is $97.19.
-
What is the current market cap of Palomar Holdings?
The current market capitalization of Palomar Holdings is $2.55B.
-
What is Palomar Holdings’s current revenue?
The trailing twelve month revenue for Palomar Holdings is $446M.
-
Who are Palomar Holdings’s competitors?
Brown & Brown, Chubb, Lloyd's of London (Insurance and Reinsurance Operations), Zurich Insurance Group, and GeoVera Holdings are some of the 7 competitors of Palomar Holdings.
-
What is Palomar Holdings’s annual earnings per share (EPS)?
Palomar Holdings’s EPS for 12 months was $3.89.
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