Palomar Holdings, Inc. (PLMR)
Palomar Holdings, Inc. operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in La Jolla, CA, US. The stock last traded at $127.54, down 3.15% on the session, giving a market capitalisation of $3.38B. On trailing twelve-month figures it carries a trailing P/E of 16.63, a net margin of 18.6%. Its beta of 0.39 implies it has historically moved less than the broad market.
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.
Palomar Holdings, Inc. is most often compared with the following Financial Services names: