Palomar Holdings Inc - Company Profile
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Palomar Holdings Inc (Palomar) is an insurance holding company. It offers commercial insurance and residential insurance. The company's line of services includes commercial earthquake, commercial all-risk, flood guard (PGIA), residential earthquake, residential hurricane, and residential wind (homeowners) insurance. Palomar also provides insurance for flood damage and inland marine. The company markets its products through a network of agents, brokers, and program administrators and serves residential and commercial clients. The company operates in California, Oregon, Washington, Virginia, Texas and Utah. Palomar is headquartered in La Jolla, California, the US.
Headquarters
United States of America
Address
7979 Ivanhoe Avenue, Suite 500, La Jolla, California, 92037
Website
plmr.com
Telephone
1 619 5675290
No of Employees
439
Industry
Financial Services
Ticker Symbol & Exchange
PLMR (NASD)
Revenue (2024)
$864.0M
57.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
67.6%
(2024 vs 2023)
Market Cap*
$3.8B
Net Profit Margin (2024)
XYZ
6.1%
(2024 vs 2023)
* As of and is in US$
Palomar Holdings Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Insurance: | Claim Services |
| Residential Insurance | |
| Commercial Insurance |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In February, the company acquired The Gray Casualty & Surety Company. |
| 2025 | Contracts/Agreements | In June, the company signed a partnership with Neptune Flood to speed up the growth in the US flood insurance market. |
| 2025 | Contracts/Agreements | In March, the company signed an agreement to acquire Advanced AgProtection. |
Competitor Comparison
| Key Parameters | Palomar Holdings Inc | Erie Indemnity Co | White Mountains Insurance Group Ltd | Kansas City Life Insurance Company | Allstate Insurance Company |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | La Jolla | Erie | Hanover | Kansas City | Northbrook |
| State/Province | California | Pennsylvania | New Hampshire | Missouri | Illinois |
| No. of Employees | 439 | 6,667 | 1,648 | 436 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mac Armstrong | Chief Executive Officer; Chairman | Executive Board | 2020 | 51 |
| Christopher Uchida | Chief Financial Officer | Senior Management | 2017 | 52 |
| Rudy Herve | Chief Operating Officer | Senior Management | - | 48 |
| Kyle Morgan | Chief Strategy Officer | Senior Management | 2018 | - |
| James Long | Chief Technology Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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