Palomar Holdings, Inc. Common stock
PLMRPalomar Holdings, Inc. is a specialty insurance company that provides property and casualty insurance coverage, primarily focusing on complex or niche markets. The company offers products such as earthquake, landlord, and personal lines insurance through its underwriting operations. Founded with a commitment to innovative risk management, Palomar aims to serve high-quality, underserved, or emerging market segments within the insurance industry.
Company News
Palomar Holdings, Inc. has agreed to acquire The Gray Casualty & Surety Company for $300 million in cash, expected to close in the first half of 2026. The acquisition aims to enhance Palomar's surety franchise and expand its market presence.
Palomar Holdings, Inc. has agreed to acquire The Gray Casualty & Surety Company for $300 million in cash, expected to close in the first half of 2026. The acquisition aims to enhance Palomar's surety franchise and expand its market presence.
Moody Aldrich Partners LLC completely sold its entire 53,211 share position in Palomar Holdings for an estimated $8.21 million during Q3 2025, reducing its stake to zero, likely as part of routine portfolio rebalancing.
Palomar reported strong Q2 2025 financial results, with non-GAAP EPS of $1.76, beating analyst estimates and representing a 40.8% year-over-year increase. The company is successfully diversifying beyond earthquake insurance, with significant growth in casualty and crop insurance segments.
Palomar Holdings, Inc. has completed the acquisition of First Indemnity of America Insurance Company, expanding its presence in the surety market. The transaction is expected to diversify Palomar's specialty insurance portfolio and enhance its long-term growth and profitability.
