Palomar Holdings, Inc. (PLMR)
NASDAQFinancialsInsurance - Property & CasualtySnapshot 2026-09-04
$136.58+0.34%
Close 2026-09-04 · 1-day change
NASDAQFinancialsInsurance - Property & CasualtySnapshot 2026-09-04
QuarterlyIQ Insights · PLMR
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks PLMR against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue executing the Palomar 2X strategy to double adjusted net income over 3-5 years while sustaining adjusted ROE above 20%.
Stated as a priority in 4 of last 4 quarters. Adjusted net income grew from $133.5M in 2024 to $216.1M in 2025 and is guided to $270M-$280M in 2026, reflecting continued growth. Adjusted return on equity has been sustained above 20%, with 26.9% in 2025-Q4 and 26.6% in 2026-Q1. Management is delivering on the Palomar 2X strategy to double adjusted net income while maintaining strong ROE.
“Experienced management team committed to PLMR 2X — doubling adjusted net income every 3–5 years while sustaining ROE above 20%”
“Experienced management team committed to PLMR 2X — doubling adjusted net income over intermediate time frame of 3–5 years while sustaining ROE above 20%”
“Investments should sustain our long-term profitable growth trajectory and our Palomar 2X strategic imperative”
“Palomar 2X strategy to double adjusted net income and achieve an adjusted ROE + 20% over the intermediate term”
Continue disciplined capital allocation including a $200 million share repurchase program authorized in 2026.
Stated as a priority in 3 of last 3 quarters. The Board authorized a $200 million share repurchase program in 2026-Q1, replacing the prior plan. The Company repurchased 190,255 shares for $23.1 million in 2026-Q1 and 368,700 shares for $41.0 million in 2026-Q2. Management is delivering disciplined capital allocation through active share repurchases.
Initiate and maintain a quarterly cash dividend program starting in 2026.
Newly stated in 2026-Q2. The Board declared the Company's initial quarterly cash dividend of $0.45 per common share, payable September 2, 2026. This marks the introduction of a dividend program, with no prior quarters stating this priority.
Continue growing profitably across a diversified specialty insurance portfolio including Earthquake, Casualty, Inland Marine, Property, Crop, and Surety & Credit.
Stated as a priority in 3 of last 3 quarters. Gross written premiums grew from $1.54B in 2024 to $2.03B in 2025 (+31.5%) and reached $630M in 2026-Q1 (+42.4% YoY). Management emphasizes a diversified specialty insurance portfolio anchored by Earthquake and growing Casualty, Inland Marine, Property, Crop, and Surety & Credit. The trajectory shows strong profitable growth consistent with management's statements.
Continue disciplined underwriting and risk transfer strategy supported by a highly conservative reserving philosophy to ensure balance sheet strength and earnings stability.
Stated as a priority in 2 of last 2 quarters. Management emphasizes a highly conservative reserving philosophy supporting balance sheet strength and earnings stability. Favorable reserve development and conservative reserving practices have been highlighted, consistent with the priority. No direct financial metrics cited but the approach aligns with stable combined ratios and profitability.
Over the trailing year it converted 1.37x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 60% of the time over the next year (vs 57% for the rest of the cohort, n=9112).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
9 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated neutral grew net income 56% of the time over the next year (vs 58% for the rest of the cohort, n=3751).
Not investment advice. As of 2026-09-04.
“Repurchased 368.7K shares for $41.0M”
“Repurchased 190,255 shares of common stock for $23.1 million”
“Board approved share repurchase program authorizing up to $200 million of common stock repurchases”
“Board declared initial quarterly cash dividend of $0.45 per common share, payable September 2, 2026”
“Diversified growth engine anchored by Earthquake and strengthened by growing Casualty, Inland Marine & Property, Crop and Surety & Credit platforms”
“Balanced mix of admitted and E&S, residential and commercial, property and casualty products”
“Our specialty product suite is purpose-built to navigate any market cycle and generate strong, consistent returns”
“Highly conservative reserving philosophy supports balance sheet strength”
“Conservative approach with long-standing conservatism supporting modest releases as claims mature”