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Palomar Holdings, Inc.

PLMR Financial Insurance Property & Casualty

Palomar Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $876.0 million, up 58.2% from fiscal 2024.

Revenue
+58.0%
EPS
+28.7%
Free cash flow
+46.5%

Quarter to September 2026, against a year earlier

155.66 0.01 −0.01%
Market cap
$4.1B
P/E
18.9×
Fwd P/E
17.7×
Dividend yield
0.29%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.00
Sold, $m 21.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 — —
Sell 2 14 4 1 4 4 2 5 4 1 1 —
Insider Ownership 2.65%

Capital & Financial Ratios $m

Size
Market Cap 4,100.00
Revenue ttm 1,233.31
Net income ttm 197.07
Free cash flow ttm 452.18
Net debt Q 259.41
Valuation
P/E 18.93
Forward P/E 17.70
Price / sales 3.32
Forward P/S Powerpack
Price / FCF 9.20
Price / book 4.16
Financial health
Current ratio Q 0.48
Debt / equity Q 0.32
Interest coverage Q 17.49
Growth
Revenue growth Q +58.01% (above 0%: growing)
Operating income growth Q +26.20% (above 0%: growing)
EPS, this year +29.16% (at or above 15%: strong)
EPS, next year A +11.25%
Revenue, next year A +35.96% (at or above 10%: strong)
EPS, past 5 yrs +97.27% (at or above 15%: strong)
EPS, next 5 yrs A +15.93% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 16.68%
10-year low 10-year high
P/S against its own 10 years 6.31%
10-year low 10-year high
P/B against its own 10 years 54.29%
10-year low 10-year high

Dividends

Yield
0.29%
Annual rate
0.45
Payout ratio
5.63%
  1. 0.90 ’26e
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 52 81 107 56
Receivables 539 701 922 1,320
Inventory — — — —
Other — — — —
591 781 1,029 1,375
2023 2024 2025 Q'26
Payables 1,163 1,505 2,063 2,816
ST’ Debt 53 — — 21
Other — — — —
1,216 1,505 2,063 2,837

Compound Annual Growth %

10y 5y 3y
Sales — 39.06% 38.87%
Cash Flow — 48.06% 34.12%
Earnings — 99.37% 55.74%
Book Value — 20.98% 34.81%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.12 Actual 2.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.60 2.01 Beat by 0.41
Q4 FY25 2.06 2.24 Beat by 0.18
Q1 FY26 2.17 2.31 Beat by 0.14
Q2 FY26 2.12 2.36 Beat by 0.24
Q3 FY26 2.60 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.57 1.94 2.42 — —
’25 1.57 1.68 1.87 2.06 7.17
’24 1.04 1.00 1.15 1.29 4.48
’23 0.68 0.69 0.73 1.02 3.13
’22 0.56 0.57 0.17 0.73 2.02
’21 0.63 0.47 0.01 0.64 1.76
’20 0.48 0.48 (0.62) (0.07) 0.24
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 279 314 387 — —
’25 175 203 245 253 876
’24 119 131 149 156 554
’23 89 90 91 105 376
’22 78 80 81 89 327
’21 49 58 68 73 248
’20 38 43 45 42 168
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 47 167 — — —
’25 87 121 84 117 409
’24 33 55 100 73 261
’23 17 6 71 22 116
’22 49 34 12 75 170
’21 (13) 6 44 51 88
’20 22 3 20 13 57
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 45 165 121 — —
’25 86 119 82 116 403
’24 32 54 99 71 255
’23 16 4 69 21 109
’22 48 32 10 74 164
’21 (13) 4 43 50 83
’20 22 3 20 9 53
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 43 59 73 113 168 248 327 376 554 876 1,233 +39.9% 1,191 1,480 1,620 +22.7%
Gross margin, % 0.00 11.22 28.12 16.90 3.69 23.08 20.92 28.57 27.50 28.97 23.84 +29.0 pt
EBT 6 5 18 18 6 57 68 104 151 253 281 +50.8%
EBT margin, % 14.70 8.29 24.96 15.96 3.69 23.06 20.65 27.57 27.30 28.93 22.76 +14.2 pt
Net income 7 4 18 11 6 46 52 79 118 197 197 +45.8%
Per share, $
Per share, $ Revenue 1.82 3.50 4.29 5.27 6.77 9.73 12.96 15.14 21.70 32.88 46.88 +37.9%
Earnings 0.28 0.22 1.07 0.49 0.25 1.80 2.07 3.19 4.61 7.40 8.22 +43.9%
Cash flow 0.67 1.19 1.34 2.07 2.31 3.45 6.72 4.68 10.23 15.36 17.19 +41.5%
Capex 0.00 0.00 (0.02) (0.14) (0.16) (0.19) (0.24) (0.27) (0.24) (0.22) 0.00 n/m
Free cash flow 0.67 1.19 1.32 1.93 2.15 3.26 6.48 4.41 10.00 15.14 17.19 +41.3%
Book value 0.00 0.00 5.66 10.16 14.62 15.48 15.24 18.99 28.57 35.39 37.44 n/m
Shares, m 23 17 17 22 25 25 25 25 26 27 26 +1.4%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 219.52 306.34 36.18 22.76 17.71 23.00 18.21 18.93 64.4
P/S 4.21 4.21 4.21 9.58 13.12 6.66 3.62 3.74 4.87 4.10 3.32 5.8
P/B 3.17 3.17 3.17 4.97 6.08 4.18 3.08 2.98 3.70 3.81 4.16 3.8
EV/Sales 4.31 4.31 4.31 9.46 13.03 6.46 3.64 3.88 4.89 4.09 — 5.8
EV/FCF 19.77 19.77 19.77 25.76 41.09 20.27 7.27 13.36 10.62 8.88 — 18.7
Cash, $m
Cash, $m Operating cash flow 16 20 23 45 57 88 170 116 261 409 452 +43.5%
Capex (1) 0 0 (3) (4) (5) (6) (7) (6) (6) (7) +23.2%
Free cash flow 16 20 22 42 53 83 164 109 255 403 452 +43.3%
Balance, $m
Balance, $m Working capital — — (72) (85) (168) (221) (486) (625) (724) (1,035) (1,461) +46.4%
Net debt — 17 9 (33) (34) (50) (32) 1 (81) (107) 259 n/m
Shareholders’ equity — — 96 219 364 394 385 471 729 943 985 +38.5%
Returns, %
Returns, % ROA 0.00 2.05 15.76 3.39 1.11 5.54 4.67 5.25 5.92 7.42 6.10 +7.4 pt
ROIC — 18.03 10.80 6.10 1.18 10.39 11.96 13.72 14.57 18.95 14.10 +0.9 pt
ROE 0.00 4.33 20.86 6.75 2.15 12.10 13.40 18.50 19.59 23.58 23.30 +23.6 pt
People
People Employees — — 63 77 77 151 191 213 253 439 — +32.0%
Revenue/emp, $m 0.00 0.00 1.16 1.47 2.19 1.64 1.71 1.76 2.19 2.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Palomar Holdings, Inc. vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RLI RLI Corp. $6.4B 16.0× 16.0× −6.34% (below 0%: shrinking) −34.81% (below 0%: shrinking) +8.17% (above 0%: growing) 29.66% 22.52% Compare
HGTY Hagerty, Inc. $6.3B 56.1× 77.9× −9.50% (below 0%: shrinking) +89.89% (above 0%: growing) +1.36% (above 0%: growing) 100.00% 30.77% Compare
SIGI Selective Insurance Group, Inc. $6.0B 11.9× 11.7× −2.49% (below 0%: shrinking) +14.05% (above 0%: growing) −12.67% (below 0%: shrinking) 42.49% 13.22% Compare
WTM White Mountains Insurance Group, Ltd. $5.5B 5.9× 5.1× −25.82% (below 0%: shrinking) n/m −0.75% (below 0%: shrinking) 0.00% 0.00% Compare
MCY Mercury General Corporation $4.7B 7.1× 7.0× −12.84% (below 0%: shrinking) n/m −25.62% (below 0%: shrinking) 7.63% (0.92%) Compare
PLMR Palomar Holdings, Inc. $4.1B 18.9× 17.7× +58.01% (above 0%: growing) +28.68% (above 0%: growing) +46.46% (above 0%: growing) 23.25% 23.25%
LMND Lemonade, Inc. $3.2B — (loss-making) — (loss-making) +72.80% (above 0%: growing) n/m −26.92% (below 0%: shrinking) 44.24% (12.85%) Compare
SLDE Slide Insurance Holdings, Inc. $3.1B 5.3× 6.9× +35.89% (above 0%: growing) +33.02% (above 0%: growing) −301.53% (below 0%: shrinking) 59.14% 45.24% Compare
SKWD Skyward Specialty Insurance Group, Inc. $2.8B 13.7× 13.6× +19.04% (above 0%: growing) −0.88% (below 0%: shrinking) +22.90% (above 0%: growing) 44.87% 15.51% Compare
Median of peers $5.1B 11.9× 11.7× −4.41% +14.05% −6.71% 43.37% 14.37%

All 46 Insurance Property & Casualty stocks →

Pay and ownership Proxy statement filed 10 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.96m 19.62m 155.07
2024 5.47m 19.22m 121.51
2023 3.54m 4.79m 63.87
2022 3.00m (1.50m) 51.97
2021 19.25m 16.98m 73.37
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Palomar Holdings, Inc. (PLMR) Latest News

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PLMR metrics, ten years each

stockrow.com/PLMR · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com