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Palomar Holdings, Inc. logo

Palomar Holdings, Inc.

PLMR

NASDAQFinancial ServicesInsurance - Property & Casualty

Open in GoAI

Previous close

$130.09

+$1.22 · +0.95%

Aug 21, 4:00 PM ET

PLMR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

98

Deep Value

Momentum

70

Gaining

Sentiment

68

Bullish

Risk resilience

67

Moderate Risk

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Company profile

Company website

Palomar Holdings, Inc. functions as an insurance holding company dedicated to providing specialized property coverage for both private homeowners and businesses. Its comprehensive product range encompasses essential offerings such as residential and commercial earthquake policies, commercial all-risk protection, tailored homeowners' insurance, inland marine coverage, and Hawaii hurricane policies. Furthermore, the company extends its services to include residential and commercial flood insurance, along with other specialized financial products like assumed reinsurance, real estate error and omission (E&O) coverage, and specific solutions for real estate investors. Palomar distributes its policies through a varied network, including independent retail agents, wholesale brokers, program administrators, and collaborative agreements with other insurance carriers. The company, which was previously named GC Palomar Holdings, was founded in 2013 and maintains its corporate headquarters in La Jolla, California.

Industry
Insurance - Property & Casualty
Sector
Financial Services
Headquarters
US
CEO
D. McDonald Armstrong
Listed since
Apr 17, 2019
Employees
439

Market position

Day range

Current $130.09

52-week range

Current $130.09

Open
$127.83
Previous close
$128.87
Volume
362.78K
1.28× average
Average volume
282.96K
Average daily volume
Market cap
3.45B USD
Beta
0.39
Market reference 1
50-day average
$130.32
-0.18% below average
200-day average
$124.79
+4.25% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.49B USD
EV / EBITDA
13.29×
Earnings yield
5.49%
Free cash flow yield
11.20%

Profitability & efficiency

Return on equity
20.91%
Return on assets
8.85%
Return on invested capital
8.85%

Financial health

Current ratio
0×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends80%57%33%10%Gross margin, FY2021: 44.76%Gross margin, FY2022: 42.08%Gross margin, FY2023: 52.03%Gross margin, FY2024: 48.65%Gross margin, FY2025: 73.90%Operating margin, FY2021: 23.06%Operating margin, FY2022: 20.65%Operating margin, FY2023: 27.57%Operating margin, FY2024: 27.30%Operating margin, FY2025: 28.93%Net margin, FY2021: 18.50%Net margin, FY2022: 15.95%Net margin, FY2023: 21.07%Net margin, FY2024: 21.23%Net margin, FY2025: 22.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 44.76%. Gross margin FY2022 42.08%. Gross margin FY2023 52.03%. Gross margin FY2024 48.65%. Gross margin FY2025 73.90%. Operating margin FY2021 23.06%. Operating margin FY2022 20.65%. Operating margin FY2023 27.57%. Operating margin FY2024 27.30%. Operating margin FY2025 28.93%. Net margin FY2021 18.50%. Net margin FY2022 15.95%. Net margin FY2023 21.07%. Net margin FY2024 21.23%. Net margin FY2025 22.50%.

Income trends

Revenue

875.97M USD+58.16%

Operating income

253.39M USD+67.59%

Net income

197.07M USD+67.62%
Income trends across reported periods958.98M USD626.93M USD294.88M USD−37.17M USDRevenue, FY2021: 247.79M USDRevenue, FY2022: 327.09M USDRevenue, FY2023: 375.93M USDRevenue, FY2024: 553.86M USDRevenue, FY2025: 875.97M USDOperating income, FY2021: 57.14M USDOperating income, FY2022: 67.55M USDOperating income, FY2023: 103.64M USDOperating income, FY2024: 151.2M USDOperating income, FY2025: 253.39M USDNet income, FY2021: 45.85M USDNet income, FY2022: 52.17M USDNet income, FY2023: 79.2M USDNet income, FY2024: 117.57M USDNet income, FY2025: 197.07M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 247.79M USD. Revenue FY2022 327.09M USD. Revenue FY2023 375.93M USD. Revenue FY2024 553.86M USD. Revenue FY2025 875.97M USD. Operating income FY2021 57.14M USD. Operating income FY2022 67.55M USD. Operating income FY2023 103.64M USD. Operating income FY2024 151.2M USD. Operating income FY2025 253.39M USD. Net income FY2021 45.85M USD. Net income FY2022 52.17M USD. Net income FY2023 79.2M USD. Net income FY2024 117.57M USD. Net income FY2025 197.07M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue875.97M USD553.86M USD375.93M USD327.09M USD247.79M USD
Cost of goods sold228.59M USD284.42M USD180.34M USD189.44M USD136.89M USD
Gross profit647.37M USD269.45M USD195.59M USD137.64M USD110.9M USD
Operating expenses393.98M USD118.25M USD91.95M USD70.09M USD53.76M USD
Interest income57.03M USD36.51M USD24.22M USD14.37M USD9.58M USD
Interest expense392K USD1.14M USD3.78M USD873K USD40K USD
Depreciation and amortization8.87M USD5.11M USD4.5M USD4.12M USD3.54M USD
Operating income253.39M USD151.2M USD103.64M USD67.55M USD57.14M USD
Net income197.07M USD117.57M USD79.2M USD52.17M USD45.85M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$158.5

21.84% upside
Past 12 months12-month forecastHigh $165Average $158.5Low $152

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ETFs holding PLMR

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
199.88M
Weight
0.18%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
112.8M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
86.87M
Weight
0.11%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
79.53M
Weight
0.26%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
40.8M
Weight
0.04%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
40.78M
Weight
0.02%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
32.08M
Weight
0.19%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
32.05M
Weight
0.21%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%

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