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PLMR logoPalomar Holdings, Inc.(PLMR)Earnings, Financials & Key Ratios

PLMR•NASDAQ•Insurance & Managed Care
$110.75
$2.94B mkt cap·15.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustryProperty catastrophe and specialty property insurers
AboutPalomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor 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. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.Show more
  • Revenue$876M+58.2%
  • Combined Ratio71.07%-2.2%
  • Net Income$197M+67.6%
  • Return on Equity23.58%+20.3%
  • Medical Cost Ratio26.1%-49.2%
  • Operating Margin28.93%+6.0%
  • Net Margin22.5%+6.0%
  • ROA8.78%+48.3%
  • Equity / Assets42.34%+31.4%
  • Book Value per Share34.30+23.4%
  • Tangible BV/Share31.38+14.9%
  • Debt/Equity0.01
Technical→

PLMR Key Insights

Palomar Holdings, Inc. (PLMR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Profitable underwriting: 71.1% combined ratio
  • ✓Excellent 3Y average ROE of 20.6%
  • ✓Strong 5Y profit CAGR of 99.4%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Low loss ratio of 26.1%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

PLMR Price & Volume

Palomar Holdings, Inc. (PLMR) stock price & volume — 10-year historical chart

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PLMR Growth Metrics

Palomar Holdings, Inc. (PLMR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years39.06%
3 Years38.87%
TTM57.75%

Profit CAGR

10 Years-
5 Years99.37%
3 Years55.74%
TTM67.62%

EPS CAGR

10 Years-
5 Years97.27%
3 Years52.54%
TTM60.27%

Return on Capital

10 Years6.81%
5 Years8.48%
3 Years8.59%
Last Year11.29%

PLMR Recent Earnings

Palomar Holdings, Inc. (PLMR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 4/12 qtrs (33%)
Q1 2026Latest
Feb 11, 2026
EPS
$2.24
Est $2.06
+8.7%
Revenue
$493M
Est $481M
+2.4%
Q4 2025
Nov 6, 2025
EPS
$2.01
Est $1.58
+27.2%
Revenue
$245M
Est $211M
+16.1%
Q3 2025
Aug 4, 2025
EPS
$1.76
Est $1.68
+4.8%
Revenue
$203M
Est $216M
-6.0%
Q2 2025
May 5, 2025
EPS
$1.87
Est $1.59
+17.6%
Revenue
$175M
Est $170M
+2.5%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 11, 2026
$2.24vs $2.06+8.7%
$493Mvs $481M+2.4%
Q4 2025Nov 6, 2025
$2.01vs $1.58+27.2%
$245Mvs $211M+16.1%
Q3 2025Aug 4, 2025
$1.76vs $1.68+4.8%
$203Mvs $216M-6.0%
Q2 2025May 5, 2025
$1.87vs $1.59+17.6%
$175Mvs $170M+2.5%
Based on last 12 quarters of dataView full earnings history →

PLMR Peer Comparison

Palomar Holdings, Inc. (PLMR) competitors in Property catastrophe and specialty property insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KNSL logoKNSLKinsale Capital Group, Inc.Direct Competitor7.03B303.5814.0218.04%27.48%28.05%0.11
SKWD logoSKWDSkyward Specialty Insurance Group, Inc.Direct Competitor1.95B43.8410.7723.18%11.82%18.15%0.12
ACGL logoACGLArch Capital Group Ltd.Direct Competitor33.74B94.708.1514.27%22.07%19.02%0.11
RLI logoRLIRLI Corp.Direct Competitor4.51B49.0111.246.33%20.8%22%0.06
HCI logoHCIHCI Group, Inc.Product Competitor2B154.146.2020.21%33.16%36.22%0.06
UPC logoUPCUniverse Pharmaceuticals Inc.Product Competitor1.59M2.82-0.00-22.44%-30.33%-27.02%0.16
HRTG logoHRTGHeritage Insurance Holdings, Inc.Product Competitor887.78M28.7214.2911.08%17.72%41.44%0.49
NODK logoNODKNI Holdings, Inc.Product Competitor266.12M12.90-100%0.87%1.05%

Compare PLMR vs Peers

Palomar Holdings, Inc. (PLMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KNSL

Most directly comparable listed peer for PLMR.

Scale Benchmark

vs ACGL

Larger-name benchmark to compare PLMR against a more recognizable public peer.

Peer Set

Compare Top 5

vs KNSL, SKWD, ACGL, RLI

PLMR Income Statement

Palomar Holdings, Inc. (PLMR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue59.47M72.97M113.3M168.46M247.79M327.09M375.93M553.86M875.97M
Revenue Growth %39.28%22.71%55.26%48.69%47.09%32%14.93%47.33%58.16%
Medical Costs & Claims37.65M34.5M42.85M128.16M136.89M189.44M180.34M284.42M228.59M
Medical Cost Ratio %63.31%47.28%37.82%76.07%55.24%57.92%47.97%51.35%26.1%
Gross Profit
21.82M▲ 0%
38.47M▲ 76.3%
70.44M▲ 83.1%
40.31M▼ 42.8%
110.9M▲ 175.1%
137.64M▲ 24.1%
195.59M▲ 42.1%
269.45M▲ 37.8%
647.37M▲ 140.3%
Gross Margin %36.69%52.72%62.18%23.93%44.76%42.08%52.03%48.65%73.9%
Gross Profit Growth %20.79%76.33%83.1%-42.78%175.14%24.11%42.1%37.76%140.26%
Operating Expenses16.89M20.26M52.37M34.08M53.76M70.09M91.95M118.25M393.98M
OpEx / Revenue %28.4%27.76%46.22%20.23%21.7%21.43%24.46%21.35%44.98%
Depreciation & Amortization160K212K216K1.34M3.54M4.12M4.5M5.11M8.87M
Combined Ratio %91.71%75.04%84.04%96.31%76.94%79.35%72.43%72.7%71.07%
Operating Income
4.93M▲ 0%
18.21M▲ 269.6%
18.08M▼ 0.7%
6.22M▼ 65.6%
57.14M▲ 818.2%
67.55M▲ 18.2%
103.64M▲ 53.4%
151.2M▲ 45.9%
253.39M▲ 67.6%
Operating Margin %8.29%24.96%15.96%3.69%23.06%20.65%27.57%27.3%28.93%
Operating Income Growth %-21.49%269.58%-0.75%-65.58%818.17%18.22%53.43%45.88%67.59%
EBITDA5.09M18.43M18.29M7.56M60.68M71.67M108.14M156.3M262.26M
EBITDA Margin %8.56%25.25%16.15%4.49%24.49%21.91%28.77%28.22%29.94%
Interest Expense1.75M2.3M1.07M040K873K3.77M1.14M392K
Non-Operating Income-1.75M-2.3M-1.07M0-40K-873K-3.77M-1.14M-392K
Pretax Income
4.93M▲ 0%
18.21M▲ 269.6%
18.08M▼ 0.7%
6.22M▼ 65.6%
57.14M▲ 818.2%
67.55M▲ 18.2%
103.64M▲ 53.4%
151.2M▲ 45.9%
253.39M▲ 67.6%
Pretax Margin %8.29%24.96%15.96%3.69%23.06%20.65%27.57%27.3%28.93%
Income Tax1.15M-6K7.46M-34K11.29M15.38M24.44M33.62M56.32M
Effective Tax Rate %23.23%-0.03%41.25%-0.55%19.76%22.77%23.58%22.24%22.23%
Net Income
3.78M▲ 0%
18.22M▲ 381.6%
10.62M▼ 41.7%
6.26M▼ 41.1%
45.85M▲ 632.7%
52.17M▲ 13.8%
79.2M▲ 51.8%
117.57M▲ 48.4%
197.07M▲ 67.6%
Net Margin %6.36%24.97%9.37%3.71%18.5%15.95%21.07%21.23%22.5%
Net Income Growth %-42.8%381.6%-41.7%-41.09%632.73%13.79%51.81%48.45%67.62%
EPS (Diluted)
0.17▲ 0%
0.81▲ 376.5%
0.49▼ 39.5%
0.24▼ 51.0%
1.76▲ 633.3%
2.02▲ 14.8%
3.13▲ 55.0%
4.48▲ 43.1%
7.17▲ 60.0%
EPS Growth %-41.38%376.47%-39.51%-51.02%633.33%14.77%54.95%43.13%60.04%
EPS (Basic)0.170.810.490.251.802.073.194.617.40
Diluted Shares Outstanding22.63M22.63M21.83M25.6M26.11M25.8M25.33M26.22M27.49M

PLMR Balance Sheet

Palomar Holdings, Inc. (PLMR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets188.35M231.13M395.46M729.09M925.73M1.31B1.71B2.26B2.23B
Asset Growth %29.78%22.71%71.1%84.36%26.97%41.13%30.74%32.45%-1.59%
Total Investment Assets125.5M147.39M456.63M820.3M465.94M553.64M689.58M987.72M1.35B
Long-Term Investments125.5M147.39M239.48M422.31M33.26M38.58M45.78M517.29M733.74M
Short-Term Investments101.91M122.22M217.15M397.99M432.68M515.06M643.8M470.43M618.28M
Total Current Assets142.66M164.94M303.76M585.1M789.42M000559.8M
Cash & Equivalents10.78M9.53M33.12M33.54M50.28M68.11M51.55M80.44M106.89M
Receivables29.97M053.49M153.57M245.33M356.47M538.77M700.88M452.91M
Other Current Assets8.4M31.91M54.17M02.81M-1.14B-1.5B-1.53B-974.18M
Goodwill & Intangibles744K744K744K11.51M9.5M8.26M12.31M13.24M80.3M
Goodwill0000003.75M3.75M0
Intangible Assets744K744K744K11.51M9.5M8.26M8.56M9.49M80.3M
PP&E (Net)827K947K845K739K527K603K373K429K2.55M
Other Assets-127.07M-149.08M-4.58M-8.6M93.03M-47.44M-58.47M-530.96M849.19M
Total Liabilities109.94M139.96M176.91M365.38M531.57M921.7M1.24B1.53B1.28B
Total Debt17.09M19.08M003.47M36.4M52.6M07.09M
Net Debt6.31M9.55M-33.12M-33.54M-46.81M-31.71M1.05M-80.44M-99.8M
Long-Term Debt17.09M19.08M001.28M37.5M53.04M6.71M0
Short-Term Debt0000904K36.4M52.6M1.05M927K
Total Current Liabilities11.57M24.97M1.12M42.96M531.57M0000
Accounts Payable11.57M19.85M24.94M42.96M58.74M171.89M224.12M260.25M387.08M
Deferred Revenue0000226.35M000632.23M
Other Current Liabilities-11.58M-19.85M-24.93M0245.57M-208.29M-283.97M-261.3M-1.02B
Deferred Taxes001000K1000K1000K0000
Other Liabilities0000531.57M217.2M308.75M381.86M1.28B
Total Equity
78.41M▲ 0%
91.17M▲ 16.3%
218.56M▲ 139.7%
363.71M▲ 66.4%
394.17M▲ 8.4%
384.75M▼ 2.4%
471.25M▲ 22.5%
729.03M▲ 54.7%
942.67M▲ 29.3%
Equity Growth %7.26%16.27%139.72%66.42%8.37%-2.39%22.48%54.7%29.3%
Shareholders Equity78.41M91.17M218.56M363.71M394.17M384.75M471.25M729.03M942.67M
Minority Interest000000000
Retained Earnings6.92M275K33.86M39.96M69.95M87.71M144.64M262.22M422M
Common Stock2K2K2K3K3K3K3K3K3K
Accumulated OCI2.99M-563K4.69M13.25M5.31M-36.52M-23.99M-26.84M-2.51M
Return on Equity (ROE)4.99%21.49%6.86%2.15%12.1%13.4%18.5%19.59%23.58%
Return on Assets (ROA)2.27%8.69%3.39%1.11%5.54%4.67%5.25%5.92%8.78%
Equity / Assets41.63%39.45%55.27%49.89%42.58%29.45%27.59%32.23%42.34%
Debt / Equity0.22x0.21x--0.01x0.09x0.11x-0.01x
Book Value per Share3.474.0310.0114.2115.1014.9218.6127.8034.30
Tangible BV per Share3.434.009.9813.7614.7314.6018.1227.3031.38

PLMR Cash Flow Statement

Palomar Holdings, Inc. (PLMR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations20.25M22.81M41.7M53.55M87.81M169.58M116.11M261.16M409.12M
Operating CF Growth %27.95%12.64%82.83%28.42%63.98%93.12%-31.53%124.93%56.66%
Operating CF / Revenue %34.05%31.26%36.81%31.79%35.44%51.85%30.89%47.15%46.71%
Net Income3.78M18.22M10.62M6.26M45.85M52.17M79.2M117.57M197.07M
Depreciation & Amortization160K212K216K1.34M3.54M4.12M4.5M5.11M8.87M
Stock-Based Compensation0024.1M2.17M5.58M11.62M14.91M16.68M21.01M
Deferred Taxes1.13M0646K1.09M641K-3.52M-2.83M2.11M1.87M
Other Non-Cash Items473K3.49M-3.09M-274K1.15M9.37M-2.95M-5.51M-21.73M
Working Capital Changes14.7M884K9.2M42.97M31.05M95.82M23.27M125.2M202.03M
Cash from Investing-19.13M-25.36M-80.57M-181.44M-58.19M-156.81M-128.48M-306.24M-353.98M
Capital Expenditures-68K-332K-2.93M-4.07M-18K-313K-15K-243K-137K
Acquisitions002.81M-7.07M-11K-15K-8.53M0-58.59M
Purchase of Investments-54.21M-136.46M-270.44M-341.95M-216.57M-392.63M-234.72M-607.1M-848.36M
Sale/Maturity of Investments35.4M111.17M188.97M170.23M161.75M242.73M120.58M00
Other Investing-250K250K1.02M1.42M-3.34M-6.57M-5.79M301.1M553.1M
Cash from Financing01.55M62.29M128.33M-13.04M5.02M-3.94M73.77M-28.79M
Dividends Paid00-5.12M000000
Share Repurchases0000-15.85M-34.41M-22.27M0-37.28M
Stock Issued0087.41M125.55M000123.62M4.78M
Debt Issuance (Net)01000K-1000K001000K1000K1000K0
Other Financing0002.78M2.81M3.03M2.13M-112.97M3.72M
Net Change in Cash
1.12M▲ 0%
-1.01M▼ 190.0%
23.43M▲ 2423.9%
437K▼ 98.1%
16.59M▲ 3695.2%
17.79M▲ 7.3%
-16.31M▼ 191.7%
28.69M▲ 275.9%
26.35M▼ 8.1%
Exchange Rate Effect000000000
Cash at Beginning9.81M10.93M9.92M33.35M33.79M50.37M68.16M51.85M80.54M
Cash at End10.93M9.92M33.35M33.79M50.37M68.16M51.85M80.54M106.89M
Free Cash Flow
20.18M▲ 0%
22.48M▲ 11.4%
38.77M▲ 72.5%
49.48M▲ 27.6%
82.96M▲ 67.7%
163.65M▲ 97.3%
109.35M▼ 33.2%
260.91M▲ 138.6%
408.98M▲ 56.8%
FCF Growth %35.19%11.38%72.51%27.6%67.67%97.26%-33.18%138.61%56.75%
FCF Margin %33.94%30.8%34.22%29.37%33.48%50.03%29.09%47.11%46.69%
FCF per Share0.890.991.781.933.186.344.329.9514.88

PLMR Key Ratios

Palomar Holdings, Inc. (PLMR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
Combined Ratio85.3%91.71%75.04%84.04%96.31%76.94%79.35%72.43%72.7%71.07%
Medical Cost Ratio57.69%63.31%47.28%37.82%76.07%55.24%57.92%47.97%51.35%26.1%
Return on Equity (ROE)9.05%4.99%21.49%6.86%2.15%12.1%13.4%18.5%19.59%23.58%
Return on Assets (ROA)4.56%2.27%8.69%3.39%1.11%5.54%4.67%5.25%5.92%8.78%
Equity / Assets50.37%41.63%39.45%55.27%49.89%42.58%29.45%27.59%32.23%42.34%
Book Value / Share3.233.474.0310.0114.2115.114.9218.6127.834.3
Debt / Equity0.23x0.22x0.21x--0.01x0.09x0.11x-0.01x
Revenue Growth-39.28%22.71%55.26%48.69%47.09%32%14.93%47.33%58.16%

PLMR SEC Filings & Documents

Palomar Holdings, Inc. (PLMR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 6, 2025·SEC

PLMR Frequently Asked Questions

Palomar Holdings, Inc. (PLMR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Palomar Holdings, Inc. (PLMR) grew revenue by 58.2% over the past year. This is strong growth.

Yes, Palomar Holdings, Inc. (PLMR) is profitable, generating $197.1M in net income for fiscal year 2025 (22.5% net margin).

Dividend & Returns

Palomar Holdings, Inc. (PLMR) has a return on equity (ROE) of 23.6%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Palomar Holdings, Inc. (PLMR) has a combined ratio of 71.1%. A ratio below 100% indicates underwriting profitability.

Explore More PLMR

Palomar Holdings, Inc. (PLMR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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