Investment Research Report: Palomar Holdings Inc. (PLMR)

Executive Summary

Palomar Holdings is a specialty P&C insurer that has grown gross written premiums from effectively zero at founding (2014) to $2.0 billion in FY2025, diversifying from a pure earthquake book into casualty, crop, inland marine, and surety. The stock has declined 37% from its 52-week high of $175.85 to $110.75, creating a meaningful valua…