Palomar 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.

Palomar Holdings, Inc.

As leaders in risk management for earthquakes, hurricanes, floods and other disasters, we take a fresh perspective on specialty property insurance. 

Palomar was founded in 2014 by seasoned insurance leaders with a vision for a better way to protect individuals and businesses with innovative specialty property insurance solutions. Our leadership team combines extensive insurance experience and expertise in specialty underwriting, reinsurance, program administration, distribution and analytics.

Every home, every business and every neighborhood is unique so Palomar uses more accurate risk measures and an extensive partner network to write tailored, geographically differentiated policies. Our goal is to provide every customer with economic resiliency.

Palomar 

Our journey from a smaller office on Prospect Street with less than 20 team members to where we proudly stand today has been truly remarkable.

George has been with us since 2014 and has contributed much to Palomar’s growth over the past ten years.

He clearly remembers a unique interview he had with one of Palomar's leaders and how instead of the usual office settings, they went for a walk by the beach. As they shared work and personal experiences, it became evident that at Palomar he would be surrounded by creative, professional, and forward-thinking people.

As we celebrate this significant milestone, we want to express our heartfelt gratitude to George and all our employees for their unwavering dedication and hard work.

An integral part of our team, offering valuable insights and contributing to our team's success, Natasha was our 21st employee and will celebrate her “10” next year, having been with Palomar for 9 years. Here is what she has to say about her time with Palomar:

“From our humble beginnings in the early days, a decade ago, when we were a small team with big ambitions, where we all wore more than one hat to accomplish our goals, we thrived and achieved amazing results!

We remain true to the company values and culture we have created here at Palomar and are always moving forward on the path to success, and together as a team, we work collectively to continue to exceed expectations and cultivate even greater results and accomplishments in years to come.

We’ve weathered (pun intended) storms, celebrated accomplishments, created new friendships, cultivated partnerships, increased product offerings, and grown stronger with each passing year. It’s been an incredible journey. Happy 10th Anniversary, Palomar!”


Happy Valentine’s Day❣️
#PalomarProtects #ValentinesDay #PalomarPride

In celebrating Palomar and its ten-year anniversary, Favi Whitaker fondly recalls the countless social gatherings that have enriched her working experience over the years. 

These events have not only provided opportunities to celebrate professional achievements but have also served as occasions to forge lasting personal connections with colleagues. 

WSIA, previously known as NAPSLO, holds a special place in Favi's heart, with one particular year standing out for its unforgettable cocktail party held in sweltering temperatures exceeding 100 degrees.

Another cherished memory is Favi's first golfing experience with the entire Palomar team. Despite any challenges on the green, the day was filled with camaraderie and laughter, culminating in a memorable outing that left a lasting impression on everyone involved.

On a more personal note, Favi has found meaning in the bonds formed with colleagues who have become like a second family. From witnessing the growth of families to celebrating weddings, these connections have added depth and warmth to Favi's time at Palomar, creating a sense of belonging that extends beyond the workplace.

As we look ahead to the next chapter of Palomar’s journey, we are grateful for Favi’s contributions and her additions to the rich tapestry of experiences that have shaped our company's story.

With educational resources from Palomar, #insuranceagents can help prepare their communities for earthquake and flood disasters. 

Our Frequently Asked Questions flyers answer common questions that arise around flood and earthquake insurance and are available in English and Spanish! 

Download and share our free resources with your clients today: 
https://hubs.li/Q02gWFdw0 


	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	6.61M -	3.78M 42.80%	18.22M 381.60%	10.62M 41.70%	6.26M 41.09%	45.85M 632.73%	52.17M 13.79%	79.20M 51.81%
depreciation and amortization	88K -	160K 81.82%	212K 32.50%	216K 1.89%	1.34M 518.52%	3.54M 165.27%	4.12M 16.11%	4.50M 9.43%
deferred income tax	-337K -	1.13M 436.50%		646K -	1.09M 69.35%	641K 41.41%	-3.52M 648.99%	-2.83M 19.69%
stock based compensation				24.10M -	2.17M 91.01%	5.58M 157.68%	11.62M 108.17%	14.91M 28.29%
change in working capital	8.88M -	14.70M 65.54%	884K 93.99%	9.20M 941.18%	42.97M 366.87%	31.05M 27.74%	95.82M 208.58%	23.27M 75.72%
accounts receivables	-4.06M -	-16.93M 316.99%	-3.48M 79.47%	-20.30M 483.92%	-100.23M 393.80%	-91.76M 8.45%	-111.14M 21.13%	-182.29M 64.02%
inventory	15.39M -	30.41M 97.58%	-5.04M 116.55%	36.59M 826.65%	136.63M 273.44%	129M 5.58%		158.53M -
accounts payables	1.40M -	5.72M 309.81%	8.29M 44.73%	4.06M 50.97%	16.85M 314.67%	14.28M 15.24%	114.09M 698.91%	51.28M 55.05%
other working capital	-3.85M -	-4.51M 17.06%	1.11M 124.61%	-11.15M 1,105.32%	-10.28M 7.79%	-20.47M 99.14%	92.87M 553.65%	-4.25M 104.58%
other non cash items	581K -	473K 18.59%	3.49M 638.48%	-3.09M 188.46%	-274K 91.13%	1.15M 518.25%	9.37M 717.80%	-2.95M 131.48%
net cash provided by operating activities	15.82M -	20.25M 27.95%	22.81M 12.64%	41.70M 82.83%	53.55M 28.42%	87.81M 63.98%	169.58M 93.12%	116.11M 31.53%
investments in property plant and equipment	-898K -	-68K 92.43%	-332K 388.24%	-2.93M 781.33%	-4.07M 39.23%	-4.85M 19.15%	-5.94M 22.29%	-6.76M 13.86%
acquisitions net				2.81M -	-7.07M 351.44%	-4.85M 31.42%	-15K 99.69%	-5.53M 36,793.33%
purchases of investments	-40.10M -	-54.21M 35.19%	-136.46M 151.73%	-270.44M 98.19%	-341.95M 26.44%	-216.57M 36.66%	-392.63M 81.29%	-237.72M 39.46%
sales maturities of investments	29.46M -	35.40M 20.15%	111.17M 214.07%	188.97M 69.98%	170.23M 9.92%	161.75M 4.98%	242.73M 50.06%	120.58M 50.32%
other investing activites	4K -	-250K 6,350%	250K 200%	1.02M 309.20%	1.42M 38.71%	6.34M 346.51%	-950K 114.99%	950K 200%
net cash used for investing activites	-11.53M -	-19.13M 65.88%	-25.36M 32.61%	-80.57M 217.63%	-181.44M 125.21%	-58.19M 67.93%	-156.81M 169.48%	-128.48M 18.07%
debt repayment			-17.50M -	-20M 14.29%			-36.40M -
common stock issued				87.41M -	125.55M 43.63%	2.09M 98.33%	2.27M 8.60%	1.24M 45.55%
common stock repurchased				-62.29M -	741K 101.19%	-15.85M 2,239.27%	-34.41M 117.10%	-22.27M 35.30%
dividends paid				-5.12M -			-36.40M -
other financing activites			19.05M -	62.29M 227.00%	2.04M 96.72%	719K 64.77%	109.96M 15,193.46%	17.09M 84.46%
net cash used provided by financing activities			1.55M -	62.29M 3,921.37%	128.33M 106.02%	-13.04M 110.16%	5.02M 138.47%	-3.94M 178.53%
effect of forex changes on cash
net change in cash	4.29M -	1.12M 73.92%	-1.01M 190%	23.43M 2,423.91%	437K 98.13%	16.59M 3,695.19%	17.79M 7.28%	-16.31M 191.68%
cash at beginning of period	5.52M -	9.81M 77.82%	10.93M 11.41%	9.92M 9.22%	33.35M 236.04%	33.79M 1.31%	50.37M 49.09%	68.16M 35.32%
cash at end of period	9.81M -	10.93M 11.41%	9.92M 9.22%	33.35M 236.04%	33.79M 1.31%	50.37M 49.09%	68.16M 35.32%	51.85M 23.93%
operating cash flow	15.82M -	20.25M 27.95%	22.81M 12.64%	41.70M 82.83%	53.55M 28.42%	87.81M 63.98%	169.58M 93.12%	116.11M 31.53%
capital expenditure	-898K -	-68K 92.43%	-332K 388.24%	-2.93M 781.33%	-4.07M 39.23%	-4.85M 19.15%	-5.94M 22.29%	-6.76M 13.86%
free cash flow	14.93M -	20.18M 35.19%	22.48M 11.38%	38.77M 72.51%	49.48M 27.60%	82.96M 67.67%	163.65M 97.26%	109.35M 33.18%

NASDAQ:PLMR

PLMR

Last Close

98.80

30/08 20:00

Market Cap

2.03B

Beta: 0.04

Volume Today

163.80K

Avg: 139.50K

PE Ratio

20.43

PFCF: 8.28

Preview