Palomar Q1 Revenue $262.85M Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy PLMR?
Reports Q1 revenue $262.85M, consensus $248.24M. Mac Armstrong, CEO, commented, "The first quarter was another demonstration of our sustained profitable growth. Our unique, 'one of one' specialty products portfolio is purposely built to generate consistent earnings and compelling margins in any market cycle. The combination of Palomar's mix of personal and commercial lines products written on both an admitted and excess and surplus basis, and strong growth from our Crop and Surety franchises made for a great start to the year. Importantly, our growth wasn't limited to one product set. In fact, we grew across all five categories, including Earthquake, this quarter. I'm happy to share that our profits and capital efficiency stayed strong in the first quarter, with an adjusted combined ratio of 76% and an adjusted return on equity of 27%."
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Analyst Views on PLMR
Wall Street analysts forecast PLMR stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 113.360
Low
155.00
Averages
164.67
High
171.00
Current: 113.360
Low
155.00
Averages
164.67
High
171.00
About PLMR
Palomar Holdings, Inc. is an insurance holding company. The Company provides property and casualty insurance products to individuals and businesses. It serves residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. It distributes its products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. It offers residential and commercial earthquake products on an admitted and excess and surplus lines (E&S) basis. Its residential earthquake products insure against home damage, contents, appurtenant structures, and temporary housing costs following an earthquake. Its commercial earthquake products focus on providing coverage for benign commercial risks. Its Inland Marine and Other Property products include Inland Marine, Hawaii Hurricane, Commercial All Risk, Excess National Property, Residential Flood, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Palomar Holdings CEO Sells 3,500 Shares of Stock
- Transaction Overview: On April 21, 2026, Palomar Holdings CEO Mac Armstrong sold 3,500 shares of common stock in open-market transactions totaling approximately $458,000, maintaining significant economic interest with 102,059 shares directly and 336,388 shares indirectly post-transaction.
- Historical Sales Comparison: This sale of 3,500 shares is at the low end of Armstrong's historical selling activity, where prior transactions averaged around 8,615 shares, indicating a reduction in available holdings rather than a change in strategy.
- Market Context Analysis: The weighted average sale price was $130.77 per share according to SEC Form 4, while the stock had declined approximately 15% over the trailing year, reflecting market pressures impacting the company's stock price.
- Company Financial Performance: Despite facing pressure from worse-than-expected underwriting results, Palomar achieved a 67.6% year-over-year increase in net income to $197.1 million in 2025, demonstrating solid growth driven by strong premium increases and successful acquisitions.
See More
Palomar CEO Exercises Stock Options and Sells Shares
- Transaction Overview: On April 15, 2026, Palomar CEO Mac Armstrong exercised 6,250 stock options and immediately sold 3,197 shares for approximately $414,884, indicating routine liquidity management tied to vesting schedules.
- Holding Analysis: Post-transaction, Armstrong directly holds 201,065 shares and indirectly holds 339,888 shares, reflecting a significant ownership stake despite a decline in direct holdings compared to historical averages, showcasing his continued confidence in the company.
- Trend in Transactions: Since January 2025, Armstrong's direct holdings have decreased by about 69%, indicating a strategy of portfolio adjustment through option exercises and scheduled sales, with smaller trade sizes recently reflecting a cautious approach to market volatility.
- Company Financial Performance: Palomar had a strong 2025 with total revenue of $873.68 million and net income of $197.07 million, despite a 15.80% decline in stock price over the past year, analysts remain bullish on its future performance with a short-term target price around $164.
See More
Palomar Holdings Q4 Earnings Exceed Expectations
- Strong Performance: Palomar Holdings reported a Q4 non-GAAP EPS of $2.24, beating expectations by $0.15, which highlights the company's robust market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $253.36 million, representing a 62.7% year-over-year increase and exceeding market expectations by $48.78 million, reflecting strong business expansion and demand recovery.
- Positive 2026 Outlook: Palomar anticipates adjusted net income for 2026 to range between $260 million and $275 million, despite expected catastrophe losses of $8 million to $12 million, indicating confidence in future growth.
- Favorable Market Reaction: Following the earnings beat, Palomar Holdings may experience positive market performance, as investor optimism regarding its latest acquisition potential further solidifies its position in the industry.
See More
Palomar Holdings Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement Date: Palomar Holdings is set to release its Q4 earnings on February 11th after market close, with a consensus EPS estimate of $2.09, reflecting a 37.5% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $204.58 million, representing a 40.5% year-over-year growth, which underscores the company's competitive position and business expansion capabilities, likely attracting more investor interest.
- Historical Performance Record: Over the past two years, Palomar has consistently beaten EPS and revenue estimates 100% of the time, which not only boosts market confidence in its financial stability but also sets a solid foundation for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates experienced two upward and one downward revision, reflecting analysts' optimistic outlook on the company's future performance, potentially driving stock prices higher.
See More
BCP Successfully Sells Gray Surety Company
- Successful Transaction: BCP announced the successful closing of the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its robust performance in the private equity sector.
- Significant Growth: Since BCP's investment in Gray Surety in 2021, the company has achieved substantial growth, expanded its national presence, and enhanced its reputation as a trusted surety partner to contractors, reflecting the effectiveness of BCP's operational approach in driving business expansion.
- Elevated Industry Position: As one of the top 50 surety carriers in the U.S., Gray Surety has solidified its leadership position in the midsized and emerging contractor market, operating with licenses in all 50 states and through 13 regional offices, demonstrating strong market competitiveness.
- Future Development Outlook: The President of Gray Surety expressed excitement about the partnership with Palomar Holdings, indicating that the company will continue to leverage BCP's support to drive business growth, suggesting ongoing expansion of its market influence under new collaboration.
See More
Palomar Holdings Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Palomar Holdings will release its Q4 and full year 2025 results after market close on February 11, 2026, providing insights into the company's annual performance and future outlook, which may influence investor confidence.
- Conference Call Timing: The company will host a conference call at 12:00 p.m. (Eastern Time) on February 12, 2026, accessible by dialing 1-877-423-9813, aimed at offering financial data interpretation and a Q&A session to enhance transparency.
- Replay Information: A replay of the conference call will be available starting at 4:00 p.m. on February 12, 2026, accessible by dialing 1-844-512-2921, and will remain available until February 19, ensuring that investors who cannot participate live can still access the information.
- Online Webcast: Investors can also listen to a simultaneous webcast of the conference call via the investor relations section of the company's website, further expanding the information dissemination channels and enhancing interaction between the company and its investors.
See More
Palomar Holdings CEO Sells 3,500 Shares of Stock
- Transaction Overview: On April 21, 2026, Palomar Holdings CEO Mac Armstrong sold 3,500 shares of common stock in open-market transactions totaling approximately $458,000, maintaining significant economic interest with 102,059 shares directly and 336,388 shares indirectly post-transaction.
- Historical Sales Comparison: This sale of 3,500 shares is at the low end of Armstrong's historical selling activity, where prior transactions averaged around 8,615 shares, indicating a reduction in available holdings rather than a change in strategy.
- Market Context Analysis: The weighted average sale price was $130.77 per share according to SEC Form 4, while the stock had declined approximately 15% over the trailing year, reflecting market pressures impacting the company's stock price.
- Company Financial Performance: Despite facing pressure from worse-than-expected underwriting results, Palomar achieved a 67.6% year-over-year increase in net income to $197.1 million in 2025, demonstrating solid growth driven by strong premium increases and successful acquisitions.
See More
Palomar CEO Exercises Stock Options and Sells Shares
- Transaction Overview: On April 15, 2026, Palomar CEO Mac Armstrong exercised 6,250 stock options and immediately sold 3,197 shares for approximately $414,884, indicating routine liquidity management tied to vesting schedules.
- Holding Analysis: Post-transaction, Armstrong directly holds 201,065 shares and indirectly holds 339,888 shares, reflecting a significant ownership stake despite a decline in direct holdings compared to historical averages, showcasing his continued confidence in the company.
- Trend in Transactions: Since January 2025, Armstrong's direct holdings have decreased by about 69%, indicating a strategy of portfolio adjustment through option exercises and scheduled sales, with smaller trade sizes recently reflecting a cautious approach to market volatility.
- Company Financial Performance: Palomar had a strong 2025 with total revenue of $873.68 million and net income of $197.07 million, despite a 15.80% decline in stock price over the past year, analysts remain bullish on its future performance with a short-term target price around $164.
See More
Palomar Holdings Q4 Earnings Exceed Expectations
- Strong Performance: Palomar Holdings reported a Q4 non-GAAP EPS of $2.24, beating expectations by $0.15, which highlights the company's robust market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $253.36 million, representing a 62.7% year-over-year increase and exceeding market expectations by $48.78 million, reflecting strong business expansion and demand recovery.
- Positive 2026 Outlook: Palomar anticipates adjusted net income for 2026 to range between $260 million and $275 million, despite expected catastrophe losses of $8 million to $12 million, indicating confidence in future growth.
- Favorable Market Reaction: Following the earnings beat, Palomar Holdings may experience positive market performance, as investor optimism regarding its latest acquisition potential further solidifies its position in the industry.
See More
Palomar Holdings Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement Date: Palomar Holdings is set to release its Q4 earnings on February 11th after market close, with a consensus EPS estimate of $2.09, reflecting a 37.5% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $204.58 million, representing a 40.5% year-over-year growth, which underscores the company's competitive position and business expansion capabilities, likely attracting more investor interest.
- Historical Performance Record: Over the past two years, Palomar has consistently beaten EPS and revenue estimates 100% of the time, which not only boosts market confidence in its financial stability but also sets a solid foundation for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates experienced two upward and one downward revision, reflecting analysts' optimistic outlook on the company's future performance, potentially driving stock prices higher.
See More
BCP Successfully Sells Gray Surety Company
- Successful Transaction: BCP announced the successful closing of the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its robust performance in the private equity sector.
- Significant Growth: Since BCP's investment in Gray Surety in 2021, the company has achieved substantial growth, expanded its national presence, and enhanced its reputation as a trusted surety partner to contractors, reflecting the effectiveness of BCP's operational approach in driving business expansion.
- Elevated Industry Position: As one of the top 50 surety carriers in the U.S., Gray Surety has solidified its leadership position in the midsized and emerging contractor market, operating with licenses in all 50 states and through 13 regional offices, demonstrating strong market competitiveness.
- Future Development Outlook: The President of Gray Surety expressed excitement about the partnership with Palomar Holdings, indicating that the company will continue to leverage BCP's support to drive business growth, suggesting ongoing expansion of its market influence under new collaboration.
See More
Palomar Holdings Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Palomar Holdings will release its Q4 and full year 2025 results after market close on February 11, 2026, providing insights into the company's annual performance and future outlook, which may influence investor confidence.
- Conference Call Timing: The company will host a conference call at 12:00 p.m. (Eastern Time) on February 12, 2026, accessible by dialing 1-877-423-9813, aimed at offering financial data interpretation and a Q&A session to enhance transparency.
- Replay Information: A replay of the conference call will be available starting at 4:00 p.m. on February 12, 2026, accessible by dialing 1-844-512-2921, and will remain available until February 19, ensuring that investors who cannot participate live can still access the information.
- Online Webcast: Investors can also listen to a simultaneous webcast of the conference call via the investor relations section of the company's website, further expanding the information dissemination channels and enhancing interaction between the company and its investors.
See More
