PLMR

Palomar Holdings, Inc. operates as a specialty insurance company that underwrites earthquake, wind, flood, and other specialty property insurance products. Headquartered in La Jolla, California, the company primarily serves residential and commercial clients in catastrophe-exposed markets across the United States. Palomar conducts business through its insurance subsidiaries, including Palomar Specialty Insurance Company and Palomar Excess and Surplus Insurance Company, and utilizes a fronting carrier model that allows it to maintain capital efficiency while leveraging third-party distribution networks. The company focuses on four main product lines: residential earthquake insurance, commercial earthquake insurance, specialty homeowners insurance in hurricane-exposed regions, and inland marine coverage. Palomar's technology-driven approach emphasizes proprietary catastrophe modeling and data analytics to assess and price risks in markets that are often underserved by traditional carriers. The company maintains an "A-" financial strength rating from AM Best and writes policies across more than 35 states. Since its founding in 2014 and initial public offering in 2019, Palomar has expanded its product offerings and geographic footprint through both organic growth and strategic initiatives. The company employs approximately 200 people and generated over $900 million in gross written premiums in recent periods, positioning itself as a specialized player in the catastrophe-exposed property insurance sector.