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Specialty insurer covering catastrophe risks like earthquake, flood and wind that standard insurers avoid.
Specialty insurer covering catastrophe risks like earthquake, flood and wind that standard insurers avoid.
Earns premiums on policies for hard-to-insure property risks, mostly sold through wholesale brokers and program partners, and buys reinsurance to cap its exposure to a single catastrophe, so results depend on catastrophe luck and the quality of its models. California earthquake cover was the original line.
Moat: narrow (process know-how, distribution). Deep catastrophe-modeling expertise and MGA distribution let it underwrite risks generalist insurers avoid.
Headquarters: La Jolla, California, US · Founded: 2014 · Employees: 439
Size Palomar (PLMR) is a United States Financials company (Property/Casualty Insurance) with a market value of $4.10B, the 1334th largest of 3,117 United States companies the cockpit tracks. Shares closed at $155.71 on 6 Nov 2026.
Performance Over six months the shares gained 37.4%, against +17.4% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 60.3% over the last twelve months (peer median +5.2%); the operating margin is 24.9% (peer median 14.7%).
Valuation It trades at 4.16× book value against a peer median of 1.75× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 17.0%; Palomar delivers 22.2%, so the price asks less than the business earns today.
Short interest Short interest is 2.7% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.09B | $876M | $553M | $377M | $327M |
| Revenue growth | — | +58% | +47% | +15% | — |
| Net income | $203M | $197M | $118M | $79.2M | $52.2M |
| Free cash flow | $425M | $419M | $261M | $116M | $169M |
| Capital expenditure | $7.56M | $6.23M | $6.05M | $6.76M | $5.94M |
| Total debt | $296M | $7.09M | $7.76M | $53.7M | $38.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Palomar PLMR | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% |
| Kinsale Capital KNSL | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% |
| HCI HCI | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% |
| RLI RLI | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% |
| Skyward Specialty Insurance SKWD | $2.68B | +29% | +38% | 17% | 2.11× | 10.2% |
| Heritage Insurance HRTG | $984M | +48% | +2% | 42% | 1.64× | 14.1% |
| Universal Insurance UVE | $1.29B | +19% | +6% | 41% | 2.00× | 13.1% |
| American Coastal Insurance ACIC | $475M | -5% | -5% | 26% | 1.33× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PLMR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.5% | +7.7% | 3rd highest of 21 |
| 6-month return | +37.4% | +17.4% | 5th highest of 21 |
| Return on equity | 22.2% | 15.4% | 6th highest of 20 |
| Price / book | 4.16× | 1.75× | 5th most expensive of 21 |
| Trailing P/E | 20.9× | 11.6× | 4th most expensive of 18 |
| ROE the price implies | 17.0% | 9.4% | 6th most demanding of 21 |
| ROE delivered | 22.2% | 17.1% | 6th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Palomar PLMR | United States | $4.10B | +37% | +60% | 22% | 4.16× | 17.0% | 22.2% |
| Protector Forsikring PROT.OL | Norway | $4.19B | +4% | +12% | 35% | 5.34× | 18.1% | 35.2% |
| Accelerant ARX | United States | $4.32B | +19% | +55% | -380% | 6.01× | 23.2% | -380.1% |
| Mercury General MCY | United States | $4.58B | -17% | +5% | 26% | 1.63× | 13.7% | 25.5% |
| SiriusPoint SPNT | United States | $3.06B | +12% | +23% | 23% | 1.34× | 9.5% | 23.1% |
| NMI NMIH | United States | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% | 15.4% |
| MGIC Investment MTG | United States | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% | 13.9% |
| Selective Insurance SIGI | United States | $5.87B | +17% | +4% | 15% | 1.81× | 9.1% | 14.7% |
| Hagerty HGTY | United States | $6.18B | +79% | +1% | 5% | 8.42× | 53.7% | 4.6% |
| Zenkoku Hosho 7164.T | Japan | $2.69B | +1% | +2% | 14% | 1.74× | 6.2% | 14.1% |
| Definity Financial DFY.TO | Canada | $6.47B | +14% | +35% | 12% | 2.13× | 7.6% | 11.7% |
| Scor SCR.PA | France | $6.96B | +10% | -4% | 19% | 1.44× | 9.8% | 18.8% |
| HCI HCI | United States | $2.31B | +22% | +23% | 34% | 2.15× | 17.3% | 33.8% |
| Hyundai M&F INS 001450.KS | South Korea | $2.29B | +38% | -5% | 21% | 0.51× | 4.2% | 21.0% |
| Porch PRCH | United States | $2.26B | +80% | +20% | n/a | 345.11× | 5,821.2% | n/a |
| Lancashire LRE.L | United Kingdom | $2.24B | +18% | -2% | 22% | 1.49× | 12.7% | 21.8% |
| Horace Mann Educators HMN | United States | $2.16B | +20% | +4% | 12% | 1.46× | 7.9% | n/a |
| Hanover Insurance THG | United States | $8.35B | +28% | +5% | 22% | 2.43× | 11.2% | 21.8% |
| Kemper KMPR | United States | $1.97B | +10% | -4% | -19% | 0.90× | 9.4% | -19.3% |
| Safety Insurance SAFT | United States | $1.53B | +46% | +7% | 8% | 1.75× | 8.9% | 7.8% |
| Shinkong Insurance 2850.TW | Taiwan | $1.51B | +21% | +22% | 24% | 2.27× | 6.6% | 24.0% |