Palomar Holdings, Inc.
Close on Oct 19, 2026
- Market cap
- $3.73B
- P/E (TTM)
- 18.6
- Dividend yield
- –
About Palomar
Fire, Marine & Casualty Insurance, SIC 6331
Palomar is a specialty property and casualty insurance company serving individual consumers and commercial clients. The organization operates across five primary product categories: earthquake, casualty, inland marine and other property, crop, and fronting insurance. Its offerings include residential and commercial earthquake coverage, niche casualty policies, multi-peril crop protection, and surety bonds. Palomar writes policies through both admitted and excess and surplus lines markets, distributing products through retail agents, wholesale brokers, program administrators, and carrier partnerships.
Geographically, the firm operates across the United States, holding admitted insurance licenses in all fifty states and writing surplus lines coverage nationwide. California accounts for its largest single state exposure, followed by states including Texas, Florida, and Hawaii. The business also operates thirteen regional offices through a specialized surety subsidiary. The provided text does not identify the company's corporate headquarters.
Summary of the business section of Palomar's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Palomar Holdings, Inc.
- Founded
- 2014
- Headquarters
- La Jolla, CA
- Address
- 7979 Ivanhoe Avenue, Suite 500 92037
- Phone
- (619) 567-5290
- Employees
- 439, Dec 31, 2025
- Industry
- Fire, Marine & Casualty Insurance
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, San Francisco, California
Stock & identifiers
- Ticker
- PLMR
- Exchange
- Nasdaq
- IPO date
- Apr 17, 2019
- Shares outstanding
- 26M, Aug 2, 2026
- Public float
- $4.03B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1761312
- CUSIP
- 69753M105
- ISIN
- US69753M1053
- LEI
- 549300DOI1MUW11BLX74
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Mac Armstrong | CEO and Chairman, Director | 480,454 |
| Jon Christianson | President | 66,970 |
| Jonathan Knutzen | Chief Risk Officer | 28,250 |
| T. Christopher Uchida | Chief Financial Officer | 16,238 |
| Rodolphe Herve | Chief Operating Officer | 3,548 |
| Timothy Carter | Chief People Officer | 1,850 |
| Angela L. Grant | Chief Legal Officer | 6,336 |
| Daryl Bradley | Director | 7,313 |
| Martha Notaras | Director | 10,896 |
| Scott L. Beiser | Director | 7,369 |
| Catriona M. Fallon | Director | 9,355 |
| Thomas A. Bradley | Director | 8,074 |
| Daina Middleton | Director | 7,509 |
| Richard H. Taketa | Director | 46,030 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Armstrong | $8.96M | $19.62M | $2.42M | $155 | $154 |
| FY2024 Mr. Armstrong | $5.47M | $19.22M | $1.66M | $122 | $155 |
| FY2023 Mr. Armstrong | $3.54M | $4.79M | $1.04M | $64 | $125 |
| FY2022 Mr. Armstrong | $3.00M | -$1.50M | $774.57K | $52 | $115 |
| FY2021 Mr. Armstrong | $19.25M | $16.98M | $3.49M | $73 | $113 |
| FY2020 Mr. Armstrong | $1.06M | $5.72M | $686.31K | $176 | $101 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 439 team members.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 2, 2026 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 1, 2021 | Late filing | Notification of late filing |
| Apr 17, 2019 | IPO | Initial public offering priced (424B4 prospectus) |
| Apr 15, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
| Feb 13, 2019 | Name change | Name changed from GC Palomar Holdings to Palomar Holdings, Inc. |