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Palomar Holdings, Inc.

PLMRFinancial ServicesNASDAQ

Insurance - Property & Casualty · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$876.0M
+58.2% YoY
Net Income
$197.1M
+67.6% YoY
Free Cash Flow
$528.4M

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About Palomar Holdings, Inc.

Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. At a $2.77B market cap, Palomar Holdings, Inc. ranks as a mid-cap company within financial services. 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, excess national property, residential flood, and other property products, as well as assumed reinsurance and crop insurance products.

Key stats
Market Cap$2.77B
P/E (TTM)14.60
Fwd P/E9.36
EPS$7.17
Beta0.49
52W Change-39.1%
ROE22.5%
Analysis

The company holds $56.5M in cash, though total debt stands at $297.4M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $528.4M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 22.5%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 5.3% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $247.8M (2021) to $876.0M (2025), reflecting a 254% increase over the period.

The relatively low beta of 0.49 suggests PLMR is a less volatile holding compared to the broader index. Palomar Holdings, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. No single metric tells the full story. Reviewing PLMR's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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