Palomar (PLMR)


Market Price (11/10/2026): $156.89 | Market Cap: $4.1 BilSector: Financials | Industry: Property & Casualty Insurance

Palomar (PLMR)


Market Price (11/10/2026): $156.89
Market Cap: $4.1 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 59%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Global Resilience & Risk Management. Themes include Catastrophe & Specialty Insurance, and Climate Risk Underwriting & Analytics.

Trading close to highs
Dist 52W High is 0.0%

Key risks
PLMR key risks include [1] its high dependency on the availability and cost of reinsurance for its catastrophe-focused business model, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 59%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 37%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%
4 Low stock price volatility
Vol 12M is 36%
5 Megatrend and thematic drivers
Megatrends include Global Resilience & Risk Management. Themes include Catastrophe & Specialty Insurance, and Climate Risk Underwriting & Analytics.
6 Trading close to highs
Dist 52W High is 0.0%
7 Key risks
PLMR key risks include [1] its high dependency on the availability and cost of reinsurance for its catastrophe-focused business model, Show more.

PLMR in ETFs

Weight = PLMR's share of each fund

VTI0.00%
ITOT0.01%
IWM0.14%
IJR0.21%
VB0.02%
IJT0.45%
SLYG0.43%
AVUV0.30%
+11 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/5/2026

Palomar (PLMR) stock has gained about 20% since 7/31/2026 because of the following key factors:

1. Robust Q3 2026 Financial Outperformance.

Palomar Holdings significantly surpassed analyst expectations for its fiscal third quarter ended September 30, 2026. The company reported adjusted net income of $81.3 million, or $3.01 per diluted share, which notably beat consensus estimates of approximately $2.59 per share by about 16%. Total revenue also grew 58% year-over-year to $386.6 million, exceeding Wall Street's consensus of around $356.7 million.

2. Uplifted Full-Year 2026 Guidance and Sustained Growth Momentum.

Following its strong performance, Palomar raised its full-year 2026 adjusted net income guidance to a range of $280 million to $285 million. This marks the fourth increase to its full-year guidance for 2026. This positive revision, building on a record of 15 consecutive quarters of adjusted EPS beats, signals management's confidence in continued operational strength despite broader industry headwinds such as softening specialty insurance pricing.

Show more
Updated on 11/5/2026

Palomar (PLMR) stock has gained about 20% since 7/31/2026 because of the following key factors:

1. Robust Q3 2026 Financial Outperformance.

Palomar Holdings significantly surpassed analyst expectations for its fiscal third quarter ended September 30, 2026. The company reported adjusted net income of $81.3 million, or $3.01 per diluted share, which notably beat consensus estimates of approximately $2.59 per share by about 16%. Total revenue also grew 58% year-over-year to $386.6 million, exceeding Wall Street's consensus of around $356.7 million.

2. Uplifted Full-Year 2026 Guidance and Sustained Growth Momentum.

Following its strong performance, Palomar raised its full-year 2026 adjusted net income guidance to a range of $280 million to $285 million. This marks the fourth increase to its full-year guidance for 2026. This positive revision, building on a record of 15 consecutive quarters of adjusted EPS beats, signals management's confidence in continued operational strength despite broader industry headwinds such as softening specialty insurance pricing.

3. Enhanced Shareholder Returns.

Palomar demonstrated a commitment to returning capital to shareholders by initiating its first-ever quarterly cash dividend of $0.45 per share, declared on October 29, 2026. Additionally, the company actively repurchased 70,000 shares of its common stock for $8.9 million during fiscal Q3 2026, further signaling confidence in its valuation and contributing to shareholder value.

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Stock Movement Drivers

Fundamental Drivers

The 17.6% change in PLMR stock from 7/31/2026 to 11/9/2026 was primarily driven by a 26.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611092026Change
Stock Price ($)133.33156.7817.6%
Change Contribution By: 
Total Revenues ($ Mil)9801,23626.0%
Net Income Margin (%)20.1%17.6%-12.6%
P/E Multiple18.019.05.7%
Shares Outstanding (Mil)27261.0%
Cumulative Contribution17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/9/2026
ReturnCorrelation
PLMR17.6% 
Market (SPY)0.8%-41.6%
Sector (XLF)1.8%18.5%

Fundamental Drivers

The 30.7% change in PLMR stock from 4/30/2026 to 11/9/2026 was primarily driven by a 41.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)430202611092026Change
Stock Price ($)119.96156.7830.7%
Change Contribution By: 
Total Revenues ($ Mil)8761,23641.1%
Net Income Margin (%)22.5%17.6%-21.9%
P/E Multiple16.119.017.8%
Shares Outstanding (Mil)27260.8%
Cumulative Contribution30.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/9/2026
ReturnCorrelation
PLMR30.7% 
Market (SPY)5.0%-38.8%
Sector (XLF)11.6%25.4%

Fundamental Drivers

The 38.0% change in PLMR stock from 10/31/2025 to 11/9/2026 was primarily driven by a 81.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511092026Change
Stock Price ($)113.61156.7838.0%
Change Contribution By: 
Total Revenues ($ Mil)6801,23681.8%
Net Income Margin (%)22.8%17.6%-22.9%
P/E Multiple19.619.0-3.2%
Shares Outstanding (Mil)27261.7%
Cumulative Contribution38.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/9/2026
ReturnCorrelation
PLMR38.0% 
Market (SPY)11.3%-20.6%
Sector (XLF)12.1%24.9%

Fundamental Drivers

The 214.1% change in PLMR stock from 10/31/2023 to 11/9/2026 was primarily driven by a 254.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311092026Change
Stock Price ($)49.91156.78214.1%
Change Contribution By: 
Total Revenues ($ Mil)3491,236254.1%
Net Income Margin (%)16.6%17.6%5.8%
P/E Multiple21.419.0-11.2%
Shares Outstanding (Mil)2526-5.6%
Cumulative Contribution214.1%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/9/2026
ReturnCorrelation
PLMR214.1% 
Market (SPY)86.2%17.6%
Sector (XLF)87.1%36.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PLMR Return-27%-30%23%90%28%17%77%
Peers Return15%14%13%37%10%6%136%
S&P 500 Return27%-19%24%23%16%8%96%

Monthly Win Rates [3]
PLMR Win Rate58%50%50%58%58%55% 
Peers Win Rate58%57%53%58%60%53% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
PLMR Max Drawdown-46%-53%-23%-14%-37%-25% 
Peers Max Drawdown-19%-23%-20%-17%-19%-19% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: KNSL, RNR, AXS, ACGL, MKL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/9/2026 (YTD)

How Low Can It Go

EventPLMRS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.3%-9.5%
  % Gain to Breakeven22.4%10.5%
  Time to Breakeven18 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-27.0%-24.5%
  % Gain to Breakeven37.0%32.4%
  Time to Breakeven38 days427 days
2020 COVID-19 Crash
  % Loss-27.2%-33.7%
  % Gain to Breakeven37.3%50.9%
  Time to Breakeven14 days140 days

Compare to KNSL, RNR, AXS, ACGL, MKL

In The Past

Palomar's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPLMRS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-27.0%-24.5%
  % Gain to Breakeven37.0%32.4%
  Time to Breakeven38 days427 days
2020 COVID-19 Crash
  % Loss-27.2%-33.7%
  % Gain to Breakeven37.3%50.9%
  Time to Breakeven14 days140 days

Compare to KNSL, RNR, AXS, ACGL, MKL

In The Past

Palomar's stock fell -3.1% during the 2025 US Tariff Shock. Such a loss loss requires a 3.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Palomar (PLMR)

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Palomar Holdings, Inc. (PLMR) is an insurance holding company focused on providing specialty property insurance solutions. The company distinguishes itself by offering coverage for unique and specific property risks that are often not addressed by traditional insurance providers. Its operations cater to both residential and commercial customers who require specialized protection for their assets.

Palomar's primary product offerings include a range of critical specialty property insurance lines. These encompass residential and commercial earthquake insurance, commercial all-risk policies, specialty homeowners' coverage, inland marine, and Hawaii hurricane insurance. Additionally, the company provides residential and commercial flood insurance, assumed reinsurance, and specialized products for the real estate sector, such as error and omission and real estate investor products. This diverse portfolio allows Palomar to address a variety of niche insurance needs across different market segments.

The company serves its residential and commercial customer base through a comprehensive distribution network. Palomar markets and distributes its specialized products via multiple channels, including retail agents, wholesale brokers, program administrators, and strategic carrier partnerships. Headquartered in La Jolla, California, Palomar has been active since its incorporation in 2013, consistently focusing on these targeted specialty property insurance markets.

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AI Analysis | Feedback

It's like a Chubb or AIG, but specializing in specific property risks like earthquake and hurricane insurance for homes and businesses.

Think of Palomar as a property insurer, similar to State Farm or Farmers Insurance, but primarily focused on niche coverages like earthquake and flood insurance.

AI Analysis | Feedback

  • Residential and Commercial Earthquake Insurance: Provides coverage for damage caused by earthquakes to homes and businesses.
  • Commercial All Risk Insurance: Offers broad coverage for commercial properties against a wide range of perils, excluding specific exclusions.
  • Specialty Homeowners Insurance: Provides specialized property coverage for homeowners, often for unique risks not covered by standard policies.
  • Inland Marine Insurance: Covers movable property, such as goods in transit, unique assets, or specialized equipment, both on land and in storage.
  • Hawaii Hurricane Insurance: Offers specific coverage for property damage resulting from hurricanes in Hawaii.
  • Residential Flood Insurance: Protects homeowners against financial losses due to flood damage to their residential properties.
  • Assumed Reinsurance: Involves Palomar taking on a portion of the risk from another insurance company's policies.
  • Commercial Flood Insurance: Provides businesses with coverage for property damage caused by floods.
  • Real Estate Error and Omission Insurance: Protects real estate professionals against claims of negligence, errors, or omissions in their professional services.
  • Real Estate Investor Products: Offers insurance solutions tailored for real estate investors, covering various risks associated with their investments.

AI Analysis | Feedback

Palomar Holdings, Inc. (PLMR) sells its specialty property insurance products primarily to other companies and entities that serve as distribution partners. While the company typically works with a broad network rather than a few named "major customers," its direct customers fall into the following categories:

  • Retail Agents: Independent insurance agents who directly sell Palomar's insurance policies to residential and commercial customers.
  • Wholesale Brokers: Firms that work with other agents or directly with customers, specializing in finding appropriate coverage from various carriers like Palomar.
  • Program Administrators: Entities that manage specific insurance programs on behalf of Palomar, handling aspects like underwriting, marketing, and claims for a particular niche.
  • Carrier Partnerships: Other insurance companies with whom Palomar collaborates, potentially underwriting portions of their risk or offering Palomar's products through their platforms.

Due to the nature of its distribution model and the lack of specific disclosures in the company background, Palomar does not publicly identify specific retail agents, wholesale brokers, program administrators, or carrier partners by name that comprise its major direct customers. Therefore, it is not possible to list specific company names or their public symbols.

AI Analysis | Feedback

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Mac Armstrong, Chief Executive Officer and Chairman of the Board

Mr. Armstrong co-founded Palomar Holdings, Inc. in February 2014 and has served as its Chief Executive Officer and a director since its inception. Before co-founding Palomar, he was President of Arrowhead General Insurance Agency, where he previously held positions as Chief Financial Officer and Chief Operating Officer. He led the sale of Arrowhead to Brown & Brown, Inc. in 2012. Earlier in his career, Mr. Armstrong led the insurance investment practice at Spectrum Equity Investors, a private equity firm, and worked in investment banking at Alex. Brown & Sons. He also serves on the board of advisors for Cloverlay Investment Management LLC, a private equity firm. Palomar itself was established with $75 million of equity capital from Genstar Capital, a private equity firm, and the management team.

Chris Uchida, Chief Financial Officer

Mr. Uchida joined Palomar in 2015 and serves as its Chief Financial Officer. Prior to joining the company, he served as the Executive Vice President and Chief Accounting Officer at Arrowhead General Insurance Agency, a company he joined in 2004. Before his time at Arrowhead, Mr. Uchida was a Tax Manager at PricewaterhouseCoopers LLP.

Jon Christianson, President

Mr. Christianson has served as Palomar's President since April 2022. He previously held the roles of Chief Underwriting Officer from August 2020 and Chief Operating Officer from joining the company in February 2014 to September 2020. Prior to his tenure at Palomar, Mr. Christianson was a Vice President of Holborn Corporation from April 2010 to December 2013, and began his career with John B. Collins Associates in 2002.

Rodolphe Herve, Chief Operating Officer

Mr. Herve was appointed Chief Operating Officer of Palomar, effective July 1, 2024. He joined Palomar from SCOR, where he served as Global Head of P&C Operations and previously as CEO of North America and Chief Transformation & Operations Officer for their Specialty Insurance division. His professional experience also includes various leadership roles at QBE North America and earlier positions at Bain & Company, Orange Ventures, and Morgan Stanley.

Tim Carter, Chief People Officer

Mr. Carter was appointed Chief People Officer of Palomar, effective June 24, 2024. He brings over two decades of executive leadership experience in human resources. Before joining Palomar, he spent ten years as Senior Vice President of Human Resources at LPL Financial, Inc. His background also includes leadership roles at G4S Integrated Services, Parexel, and Home Depot, and service as a Captain in the United States Marine Corps.

AI Analysis | Feedback

Key Risks to Palomar Holdings, Inc. (PLMR)

  1. Catastrophic Events and Geographical Concentration: Palomar Holdings, Inc. faces significant risks from unpredictable and severe catastrophic events, particularly those related to earthquakes, hurricanes, and floods, which are exacerbated by global climate change. The company's substantial concentration of business in California exposes it to heightened risks from natural disasters in that specific geographical region, potentially impacting earnings and stockholders' equity.
  2. Reliance on Reinsurance and Market Volatility: The company is highly dependent on third-party reinsurance to mitigate its exposure to catastrophe-related risks. The availability, cost, and terms of this reinsurance are subject to significant volatility in the reinsurance market. A "hardening" reinsurance market, characterized by higher prices and more restrictive terms, could lead to increased costs for Palomar and compress its underwriting margins.
  3. Regulatory Changes: Palomar operates within a heavily regulated insurance industry across multiple states. Changes in regulations, especially those pertaining to pricing, underwriting, and rate approvals, could constrain the company's business strategies and negatively impact its profitability. Furthermore, increased federal scrutiny or new state-level legislative changes could introduce additional compliance challenges and costs.

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Palomar Holdings, Inc. (PLMR) operates in several specialty property insurance markets. Here are the addressable market sizes for their main products:

  • Earthquake Insurance: The U.S. earthquake insurance market was approximately USD 2.7 billion in 2024 and is projected to reach USD 4.1 billion by 2034. Another estimate for the U.S. market size was USD 2.39 billion in 2024, projected to grow to around USD 4.87 billion by 2034.
  • Commercial All Risk Insurance: As a component of the broader commercial property insurance market, the global commercial property insurance market size was around USD 298 billion in 2023 and is predicted to grow to about USD 621 billion by 2032. North America is a leading region in this market. The overall U.S. commercial insurance market is expected to reach USD 489.1 billion by 2033.
  • Specialty Homeowners Insurance: The U.S. home insurance market was valued between approximately USD 73 billion in 2024 and USD 290.5 billion in 2023. Other sources indicate the U.S. homeowners insurance market size was USD 171.7 billion in 2024 and USD 175.1 billion in 2025.
  • Inland Marine Insurance: The U.S. inland marine direct premiums written increased to $29.82 billion in 2021. Globally, the inland marine insurance market size was valued at USD 12.6 billion in 2024 or USD 17 billion in 2024, with projections to reach USD 21.33 billion by 2032 or USD 25 billion by 2032. North America holds a significant share of this market, estimated around 35-40%.
  • Hawaii Hurricane Insurance: Homeowners' multiperil premiums in Hawaii, which include hurricane coverage, increased to $562.2 million in 2024.
  • Residential Flood Insurance: The U.S. residential flood insurance market segment was valued at over USD 6 billion in 2023. The private residential flood insurance market in the U.S. had premium revenue of $0.5 billion in 2024. The U.S. residential flood insurance market covers an estimated 500,000 residential buildings.

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Palomar Holdings, Inc. (PLMR) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Diversification and Expansion into New Specialty Product Lines, including Strategic Acquisitions: Palomar's "Palomar 2X" strategy emphasizes both organic and inorganic growth, with a strong focus on expanding its specialty product categories beyond its core earthquake insurance. The company is experiencing significant growth in its casualty, crop, and surety segments. For instance, casualty gross written premiums surged by 120% in Q4 2025, making up approximately 20% of total premiums and significantly reducing concentration risk. The crop business is targeted for 30% growth this year, with ambitious intermediate and long-term goals of reaching $500 million and $1 billion, respectively. Strategic acquisitions, such as First Indemnity of America (January 2025) and Advanced AgProtection (Q1 2025), as well as the Gray Surety acquisition (January 2026), are instrumental in diversifying the portfolio and strengthening capabilities in surety and crop insurance.
  2. Leveraging Technology and Data Analytics for Enhanced Underwriting and Operational Efficiency: Technology, including artificial intelligence, is a critical component of Palomar's strategy to improve underwriting and optimize processes. The company utilizes a modern technology platform that incorporates automation and advanced data analytics to ensure efficiency and informed decision-making, which in turn contributes to bottom-line growth. This includes automated data ingestion for catastrophe, hazard, exposure, and market data, along with granular exposure analytics to optimize reinsurance structures and real-time portfolio monitoring.
  3. Sustained Organic Growth and Market Share Expansion: Palomar aims to grow at twice the market rate, primarily through organic initiatives. The company's management anticipates continued premium growth and operational leverage by strategically balancing its portfolio across admitted and excess & surplus lines, as well as residential and commercial exposures, to ensure resilience through various insurance cycles. This focus on disciplined organic growth is consistently leading to strong gross written premium increases.
  4. Growth in Net Investment Income: Palomar has consistently reported significant increases in net investment income, driven by higher yields on invested assets and a larger average balance of investments. This growing investment portfolio provides a meaningful and increasingly robust earnings stream for the company.

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Share Repurchases

  • Palomar's Board of Directors approved a share repurchase program effective July 31, 2025, authorizing the repurchase of up to $150 million of its outstanding common stock through July 31, 2027.
  • During the year ended December 31, 2025, the company repurchased 308,417 shares for $37.3 million.
  • As of February 24, 2026, $112.7 million remained available for future repurchases under the program.

Share Issuance

  • Palomar Holdings filed a shelf registration in February 2026 for up to $125.05 million in common stock, covering 1,035,613 shares, to facilitate future Employee Stock Ownership Plan (ESOP) related initiatives.
  • Common stock shares issued and outstanding were 26,777,198 as of June 30, 2025, and 26,529,402 as of December 31, 2024.

Inbound Investments

  • Stockholders' equity increased to $942.7 million as of December 31, 2025, primarily driven by net income and stock-based compensation activities.
  • Stockholders' equity was $847.2 million at June 30, 2025, compared to $532.6 million at June 30, 2024.
  • In January 2026, Palomar entered into a new credit agreement providing unsecured credit facilities totaling $450 million, including a $150 million revolving facility and a $300 million term loan, to enhance financial flexibility.

Outbound Investments

  • Palomar successfully acquired Advanced AgProtection, which was mentioned in its first quarter 2025 results.
  • The company completed the acquisition of Gray Surety on January 31, 2026, an acquisition expected to be modestly accretive to earnings per share in 2026.
  • The Gray Surety acquisition diversifies Palomar's business, adds experienced talent, and offers capital investment opportunities to grow and retain additional risk.

Capital Expenditures

  • Palomar continues to make investments across its organization to enhance talent and operational scale.
  • The company is making ongoing investments in proprietary technology, data analytics, and advanced underwriting disciplines to improve risk assessment and pricing accuracy.

Peer Outperformance in Property & Casualty Insurance

PLMR has trailed 54% of its 41 Property & Casualty Insurance peers over 5Y. Property & Casualty Insurance ranks 6th of 18 industries in Financials by median 5Y return.
Share of Property & Casualty Insurance constituents that PLMR has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
63%
of 46 industry peers · 22.9% return
3Y
79%
of 42 industry peers · 164.0% return
5Y
46%
of 41 industry peers · 65.1% return
No Property & Casualty Insurance peer with a comparable growth profile has beaten PLMR by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Property & Casualty Insurance is PLMR's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 29.9%70.2%119.9% SPNT 174% · RGA 166% · RNR 132%
Diversified Banks 12 31.7%143.1%92.9% CM 147% · JPM 131% · RY 130%
Investment Banking & Brokerage 13 -3.5%93.4%90.2% IBKR 337% · SNEX 169% · GS 152%
Multi-Sector Holdings 4 32.0%62.9%88.0% BRK-B 101% · VOYA 75% · JEF 42%
Life & Health Insurance 20 10.4%58.7%85.1% JXN 527% · UNM 261% · FG 240%
Property & Casualty Insurance ← 42 15.6%69.9%69.1% TRV 176% · ACGL 171% · PGR 166%
Multi-line Insurance 9 8.4%71.7%58.9% AIZ 115% · GNW 106% · L 94%
Regional Banks 264 31.6%93.8%48.6% CBC 279% · FCNCA 179% · NIC 141%
Insurance Brokers 15 1.6%9.0%28.6% LIFE 317% · ARX 89% · WTW 50%
Financial Exchanges & Data 15 18.4%30.2%15.1% CBOE 187% · VIRT 148% · CME 69%
Asset Management & Custody Banks 85 -5.8%18.3%6.3% VCTR 254% · WT 235% · AAMI 221%
Diversified Financial Services 4 -2.6%23.3%5.8% FRHC 148% · EQH 82%
Commercial & Residential Mortgage Finance 14 -41.7%28.1%4.5% FNMA 350% · FMCC 313% · ACT 161%
Consumer Finance 30 1.8%77.8%-2.1% ENVA 319% · FCFS 133% · AXP 92%
Specialized Finance 3 26.9%30.4%-18.7% CACC -19% · HASI -21%
Transaction & Payment Processing Services 17 23.2%12.5%-23.3% V 105% · MA 96% · CPAY 88%
Mortgage REITs 34 -18.9%-10.5%-38.1% RITM 37% · DX 18% · AGNC 13%
Diversified Capital Markets 20 -48.7%-14.1%-69.3% LPLA 90% · TW 37% · RIOT -56%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PLMRKNSLRNRAXSACGLMKLMedian
NamePalomar Kinsale .Renaissa.Axis Cap.Arch Cap.Markel  
Mkt Price156.89385.98348.59106.00108.111,952.11252.74
Mkt Cap4.18.714.07.736.324.211.4
Rev LTM1,2361,9539,5406,96318,07616,1748,252
Op Inc LTM-------
FCF LTM4439732,8172,6595,6291,8022,230
FCF 3Y Avg3349653,5681,3616,2122,2721,816
CFO LTM4529962,8172,6595,6732,0532,356
CFO 3Y Avg3429953,5681,3616,2602,5231,942

Growth & Margins

PLMRKNSLRNRAXSACGLMKLMedian
NamePalomar Kinsale .Renaissa.Axis Cap.Arch Cap.Markel  
Rev Chg LTM59.2%8.3%-21.2%10.8%-5.1%0.2%4.3%
Rev Chg 3Y Avg51.2%20.9%11.5%7.9%14.2%2.3%12.8%
Rev Chg Q58.0%-8.6%-47.8%6.6%-10.4%-11.3%-9.5%
QoQ Delta Rev Chg LTM13.0%-2.1%-13.8%1.6%-2.8%-3.0%-2.5%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM36.6%51.0%29.5%38.2%31.4%12.7%34.0%
CFO/Rev 3Y Avg41.8%57.1%31.1%21.0%35.5%15.2%33.3%
FCF/Rev LTM35.9%49.8%29.5%38.2%31.1%11.1%33.5%
FCF/Rev 3Y Avg40.8%55.4%31.1%21.0%35.2%13.7%33.2%

Valuation

PLMRKNSLRNRAXSACGLMKLMedian
NamePalomar Kinsale .Renaissa.Axis Cap.Arch Cap.Markel  
Mkt Cap4.18.714.07.736.324.211.4
P/S3.34.41.51.12.01.51.8
P/Op Inc-------
P/EBIT14.012.94.66.07.29.68.4
P/E19.016.59.07.68.313.511.2
P/CFO9.18.75.02.96.411.87.6
Total Yield5.3%6.3%11.6%14.8%12.1%7.4%9.5%
Dividend Yield0.0%0.2%0.5%1.7%0.0%0.0%0.1%
FCF Yield 3Y Avg11.2%10.7%28.1%20.2%17.7%10.4%14.4%
D/E0.10.00.20.20.10.20.1
Net D/E-0.1-0.3-0.8-0.6-0.2-0.3-0.3

Returns

PLMRKNSLRNRAXSACGLMKLMedian
NamePalomar Kinsale .Renaissa.Axis Cap.Arch Cap.Markel  
1M Rtn20.0%14.5%5.2%9.6%13.1%10.9%12.0%
3M Rtn19.7%4.8%9.6%4.6%10.0%6.1%7.8%
6M Rtn44.1%29.0%18.1%8.5%15.2%6.2%16.7%
12M Rtn22.9%-2.8%30.1%8.3%20.7%-4.2%14.5%
3Y Rtn164.2%8.6%69.2%109.6%32.3%45.7%57.5%
1M Excs Rtn25.6%20.1%10.8%15.1%18.7%16.4%17.6%
3M Excs Rtn24.1%7.7%14.8%10.3%14.6%10.6%12.6%
6M Excs Rtn44.6%29.5%18.6%9.0%15.7%6.6%17.1%
12M Excs Rtn23.9%-11.3%21.9%0.8%13.4%-12.6%7.1%
3Y Excs Rtn108.4%-58.1%-0.6%38.4%-38.5%-20.9%-10.7%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2018
Property and casualty insurance business73
Total73


Price Behavior

Price Behavior
Market Price$156.78 
Market Cap ($ Bil)4.1 
First Trading Date04/17/2019 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$135.50$126.63
DMA Trendupindeterminate
Distance from DMA15.7%23.8%
 3M1YR
Volatility34.1%36.4%
Downside Capture-132.25-69.70
Upside Capture-64.02-28.15
Correlation (S&P 500)-49.7%-19.9%
PLMR Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-1.42-0.75-0.75-1.02-0.420.51
Up Beta-4.49-1.290.20-0.34-0.260.85
Down Beta-1.36-1.62-1.50-1.34-0.560.50
Up Capture-19%-21%-56%-58%-15%17%
Bmk +ve Days12182862130427
Stock +ve Days13223566134394
Down Capture-230%-71%-118%-215%-108%22%
Bmk -ve Days10253664121325
Stock -ve Days9212960117358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLMR
PLMR33.7%36.4%0.85-
Sector ETF (XLF)12.0%15.3%0.5324.8%
Equity (SPY)13.3%13.7%0.65-20.3%
Gold (GLD)3.7%28.8%0.12-8.7%
Commodities (DBC)38.2%21.3%1.42-14.3%
Real Estate (VNQ)13.7%14.3%0.6525.7%
Bitcoin (BTCUSD)-25.3%43.6%-0.55-8.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLMR
PLMR11.7%42.7%0.38-
Sector ETF (XLF)9.4%18.4%0.3738.6%
Equity (SPY)11.8%17.3%0.5130.1%
Gold (GLD)17.8%19.1%0.75-0.2%
Commodities (DBC)8.0%19.6%0.29-0.4%
Real Estate (VNQ)1.5%18.9%-0.0332.5%
Bitcoin (BTCUSD)4.4%51.6%0.2713.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PLMR
PLMR23.6%47.4%0.77-
Sector ETF (XLF)13.4%22.1%0.5539.5%
Equity (SPY)15.3%18.0%0.7238.5%
Gold (GLD)12.1%16.5%0.603.7%
Commodities (DBC)7.6%18.1%0.337.8%
Real Estate (VNQ)6.1%20.7%0.2536.9%
Bitcoin (BTCUSD)60.0%66.3%1.0016.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 9302026-5.5%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity26.3 Mil
Short % of Basic Shares2.7%

Earnings Returns History

Updated 11/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/4/20268.1%  
8/4/2026-1.6%-3.2%-2.6%
5/6/20262.5%-2.3%-2.0%
2/11/2026-3.5%-6.2%-8.7%
11/6/20258.7%10.4%0.1%
8/4/2025-14.7%-7.5%-6.4%
5/5/20250.4%-0.3%10.3%
2/12/202514.7%10.8%20.9%
...
SUMMARY STATS   
# Positive151114
# Negative101310
Median Positive3.7%11.1%12.3%
Median Negative-5.7%-3.9%-11.8%
Max Positive18.4%21.0%31.9%
Max Negative-24.5%-28.6%-32.1%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/4/20268.1%  
8/4/2026-1.6%-3.2%-2.6%
5/6/20262.5%-2.3%-2.0%
2/11/2026-3.5%-6.2%-8.7%
11/6/20258.7%10.4%0.1%
8/4/2025-14.7%-7.5%-6.4%
5/5/20250.4%-0.3%10.3%
2/12/202514.7%10.8%20.9%
11/4/20242.1%14.8%25.5%
8/5/20245.4%-0.4%10.9%
5/2/20243.7%7.8%8.6%
2/14/202418.4%21.0%31.9%
11/1/202310.1%14.2%14.9%
8/2/2023-3.7%-3.9%-15.0%
5/3/2023-1.0%-0.3%9.1%
2/15/20231.7%14.8%-2.0%
11/2/2022-24.5%-20.6%-27.7%
8/3/20225.4%11.1%23.3%
5/4/2022-7.4%-7.9%10.8%
2/16/20221.1%12.2%15.2%
11/3/20210.9%5.2%-26.0%
8/4/2021-3.9%1.6%12.1%
5/5/20213.0%-0.8%12.4%
2/24/2021-9.7%-14.3%-32.1%
11/10/2020-11.8%-28.6%-25.8%
SUMMARY STATS   
# Positive151114
# Negative101310
Median Positive3.7%11.1%12.3%
Median Negative-5.7%-3.9%-11.8%
Max Positive18.4%21.0%31.9%
Max Negative-24.5%-28.6%-32.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/06/202610-Q
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202502/24/202610-K
09/30/202511/07/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/08/202310-Q
12/31/202203/01/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/06/202610-Q
06/30/202608/05/202610-Q
03/31/202605/08/202610-Q
12/31/202502/24/202610-K
09/30/202511/07/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/25/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/03/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/08/202310-Q
12/31/202203/01/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/25/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/09/202110-K
09/30/202011/13/202010-Q
06/30/202008/05/202010-Q
03/31/202005/06/202010-Q
12/31/201902/28/202010-K

Recent Forward Guidance

Updated 11/5/2026

Latest: Q3 2026 Earnings Reported 11/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Quarterly Cash DividendReported 0.45 0.0% Same NewActual: 0.45 for Q3 2026
2026 Catastrophe LossesReported-12.00 Mil-10.00 Mil-8.00 Mil0.0% AffirmedGuidance: -10.00 Mil for 2026
2026 Adjusted Net IncomeReported280.00 Mil282.50 Mil285.00 Mil2.7% RaisedGuidance: 275.00 Mil for 2026


Prior: Q2 2026 Earnings Reported 8/4/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Quarterly Dividend Per ShareReported 0.45    
2026 Catastrophe LossesReported-12.00 Mil-10.00 Mil-8.00 Mil0.0% AffirmedGuidance: -10.00 Mil for 2026
2026 Adjusted Net IncomeReported270.00 Mil275.00 Mil280.00 Mil1.9% RaisedGuidance: 270.00 Mil for 2026

Q1 2026 Earnings Reported 5/6/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Catastrophe LossesReported-12.00 Mil-10.00 Mil-8.00 Mil-200.0% LoweredGuidance: 10.00 Mil for 2026
2026 Adjusted Net IncomeReported262.00 Mil270.00 Mil278.00 Mil0.9% RaisedGuidance: 267.50 Mil for 2026

Q4 2025 Earnings Reported 2/11/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Catastrophe LossesReported8.00 Mil10.00 Mil12.00 Mil   
2026 Adjusted Net IncomeReported260.00 Mil267.50 Mil275.00 Mil25.9% Higher NewGuidance: 212.50 Mil for 2025

Insider Activity

Updated 10/22/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Armstrong, MacCEO and ChairmanArmstrong Family TrustSell10222026138.313,500484,09743,622,426Form
2Armstrong, MacCEO and ChairmanArmstrong Family TrustSell9222026134.983,500472,44543,044,829Form
3Bradley, DarylDirectBuy9112026131.961135965,027Form
4Armstrong, MacCEO and ChairmanArmstrong Family TrustSell8242026130.603,500457,11142,104,893Form
5Knutzen, JonathanChief Risk OfficerDirectSell8202026127.7529637,8133,608,813Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Armstrong, MacCEO and ChairmanArmstrong Family TrustSell10222026138.313,500484,09743,622,426Form
2Armstrong, MacCEO and ChairmanArmstrong Family TrustSell9222026134.983,500472,44543,044,829Form
3Bradley, DarylDirectBuy9112026131.961135965,027Form
4Armstrong, MacCEO and ChairmanArmstrong Family TrustSell8242026130.603,500457,11142,104,893Form
5Knutzen, JonathanChief Risk OfficerDirectSell8202026127.7529637,8133,608,813Form
6Uchida, T ChristopherChief Financial OfficerDirectSell8202026127.74791101,0432,074,258Form
7Christianson, JonPresidentDirectSell8202026127.7552867,4508,555,170Form
8Herve, RodolpheChief Operating OfficerDirectSell8042026135.351,207163,367480,222Form
9Christianson, JonPresidentDirectSell7212026139.503,000418,5009,273,681Form
10Armstrong, MacCEO and ChairmanDirectSell7172026131.663,197420,91713,839,046Form
11Armstrong, MacCEO and ChairmanDirectSell7172026131.6657,5447,576,24321,074,553Form
12Christianson, JonPresidentDirectSell7062026139.506,863957,3889,273,681Form
13Carter, TimothyChief People OfficerDirectSell6302026124.2948059,661207,570Form
14Armstrong, MacCEO and ChairmanArmstrong Family TrustSell6242026112.963,500395,35637,207,255Form
15Armstrong, MacCEO and ChairmanArmstrong Family TrustSell5222026114.393,500400,36238,078,731Form
16Knutzen, JonathanChief Risk OfficerDirectSell5202026115.2628132,3883,219,673Form
17Uchida, T ChristopherChief Financial OfficerDirectSell5202026115.2678390,2491,786,415Form
18Christianson, JonPresidentDirectSell5202026115.2652260,1667,662,254Form
19Armstrong, MacCEO and ChairmanArmstrong Family TrustSell4222026130.773,500457,68043,987,984Form
20Christianson, JonPresidentDirectSell4162026128.621,937249,1428,478,681Form
21Christianson, JonPresidentDirectSell4082026125.003,000375,0007,864,875Form
22Armstrong, MacCEO and ChairmanArmstrong Family TrustSell3252026120.583,500422,02840,983,453Form
23Uchida, T ChristopherChief Financial OfficerDirectSell2202026128.04783100,2551,888,846Form
24Christianson, JonPresidentDirectSell2202026128.0452266,8378,440,269Form
25Knutzen, JonathanChief Risk OfficerDirectSell2202026128.0428135,9793,531,215Form
26Armstrong, MacCEO and ChairmanArmstrong Family TrustSell2132026122.605,000612,99742,099,183Form
27Grant, Angela LChief Legal OfficerDirectSell2022026121.7526031,654856,233Form
28Knutzen, JonathanChief Risk OfficerDirectSell2022026121.7429035,3063,317,267Form
29Armstrong, MacCEO and ChairmanDirectSell2022026121.742,205268,44512,040,939Form
30Uchida, T ChristopherChief Financial OfficerDirectSell2022026121.7454566,3511,705,029Form
31Christianson, JonPresidentDirectSell2022026121.7551562,7007,964,830Form
32Carter, TimothyChief People OfficerDirectSell2022026122.0425430,999158,654Form
33Herve, RodolpheChief Operating OfficerDirectSell2022026122.0442551,868336,593Form
34Grant, Angela LChief Legal OfficerDirectSell2022026122.0436544,546803,049Form
35Knutzen, JonathanChief Risk OfficerDirectSell2022026122.0444454,1873,252,197Form
36Armstrong, MacCEO and ChairmanDirectSell2022026122.045,399658,91011,479,724Form
37Uchida, T ChristopherChief Financial OfficerDirectSell2022026122.041,326161,8291,509,672Form
38Christianson, JonPresidentDirectSell2022026122.041,158141,3267,790,119Form
39Grant, Angela LChief Legal OfficerDirectSell2022026122.0439748,451724,807Form
40Knutzen, JonathanChief Risk OfficerDirectSell2022026122.0438146,4983,131,354Form
41Grant, Angela LChief Legal OfficerDirectSell1302026119.881,447173,466628,411Form
42Uchida, T ChristopherChief Financial OfficerDirectSell1302026119.882,103252,1081,375,383Form
43Knutzen, JonathanChief Risk OfficerDirectSell1302026119.881,535184,0162,974,103Form
44Christianson, JonPresidentDirectSell1302026119.881,991238,6817,550,642Form
45Armstrong, MacCEO and ChairmanDirectSell1302026119.8811,4841,376,70210,997,432Form
46Armstrong, MacCEO and ChairmanArmstrong Family TrustSell1222026129.005,000644,98444,940,920Form
47Armstrong, MacCEO and ChairmanDirectSell1202026130.002,310300,30010,440,820Form
48Christianson, JonPresidentDirectSell12292025139.501,691235,8948,318,524Form
49Armstrong, MacCEO and ChairmanArmstrong Family TrustSell12232025136.235,000681,13948,141,270Form
50Armstrong, MacCEO and ChairmanArmstrong Family TrustSell11212025122.865,000614,31144,032,329Form
51Knutzen, JonathanChief Risk OfficerDirectSell11202025128.8428136,2042,778,435Form
52Uchida, T ChristopherChief Financial OfficerDirectSell11202025128.84782100,7531,019,897Form
53Christianson, JonPresidentDirectSell11202025128.8452267,2547,682,858Form
54Armstrong, MacCEO and ChairmanArmstrong Family TrustSell10222025115.315,000576,53542,362,395Form
55Armstrong, MacCEO and ChairmanDirectSell10172025116.103,218373,6238,867,342Form
Core Cache Last Updated: 11/9/2026