Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as Inland Marine, Hawaii Hurricane, commercial all risk, excess national property, residential flood, and other miscellaneous property products, as well as assumed reinsurance and crop insurance products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.
Specialty Insurer's Edge | Palomar Holdings leverages data-driven strategies in underserved markets, maintaining robust financial health and expanding its product portfolio beyond earthquake insurance |
Financial Prowess | Explore Palomar's impressive Q1 2025 results, surpassing analyst expectations with an EPS of $1.87 and a combined ratio of 73%, showcasing operational efficiency |
Growth Amid Challenges | Delve into Palomar's strategic expansion into new insurance lines, balancing growth opportunities with potential risks in an evolving competitive landscape |
Future Outlook | Analysts project a 21% ROE for 2026, with price targets ranging from $112 to $150, reflecting confidence in Palomar's ability to navigate industry trends |
Metrics to compare | PLMR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPLMRPeersSector | |
---|---|---|---|---|
P/E Ratio | 21.1x | 8.7x | 9.8x | |
PEG Ratio | 0.43 | −0.23 | 0.03 | |
Price/Book | 3.9x | 1.3x | 1.0x | |
Price / LTM Sales | 4.8x | 1.3x | 2.9x | |
Upside (Analyst Target) | 37.8% | 17.8% | 9.9% | |
Fair Value Upside | Unlock | 18.2% | 0.9% | Unlock |