Palomar Holdings, Inc.(PLMR)Stock Analysis
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Rank #85 of 2,879 stocksTOP 5%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PLMR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Palomar Holdings, Inc. (PLMR), a Financials sector company. 13F Pro's AI-powered ranking engine scores PLMR at 77.5/100 on a 32-signal composite quality model, placing it at rank #85 of 2,879 stocks — the top 5% of the AI-ranked universe. PLMR scores in the top quartile across revenue growth (92.5), free cash flow (89.3), institutional flow (85.5). Shareholder dilution risk is elevated at 38.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Palomar Holdings, Inc. reports quarterly revenue of $278.9M, net income of $42.9M, free cash flow of $47.0M. Top institutional holders of PLMR by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PLMR trades on the Nasdaq exchange and files with the SEC under CIK 1761312. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PLMR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Palomar Holdings, Inc. directly from SEC EDGAR. Palomar Holdings, Inc.'s 13F Pro composite quality score has ranged between 47 and 78 since 2021, currently 77.5 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
What's Driving PLMR's Business? Latest 10-Q Breakdown
✓ 28/28 datapoints verifiedAI-extracted from Palomar Holdings, Inc.'s 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income flat at $42.9M despite 42% GWP growth and acquisition of Gray Surety; combined ratio expanded to 84.5% on higher attritional losses.
Biggest Revenue Drivers
Total revenue: $278.9M+59.8% YoY
Growth in Casualty and Inland Marine and Property lines driven by new business with existing partners and strong retention.
Higher average investment balance and improved yields on invested assets.
Increase in commissions and policy-related fees from higher premiums written.
Largest Expense Items
Higher attritional losses in Casualty, Crop, and Inland Marine lines; decision to retain higher percentage of Crop losses.
Higher payroll, technology, and stock-based compensation expenses from general growth; acquisition-related costs of $7.4M.
Higher commissions and premium-related taxes from elevated gross earned premiums.
Term loan of $297.4M drawn in January 2026 to fund Gray Surety acquisition.
Margins: Adjusted combined ratio expanded to 76.0% from 68.5% YoY, primarily due to higher attritional losses and increased underwriting expenses. Gross margin pressure reflects business mix shift and acquisition integration costs.
Watch Items from the Filing
- California concentration: 25.0% of Q1 2026 GWP vs. 31.6% prior year; concentrated geographic risk remains material.
- Gray Surety acquisition integration: $121.2M goodwill, $23.1M VOBA recognized; acquisition contributed only $12.0M revenue and $1.2M loss in Q1.
- Largest program administrator (Arrowhead General): 16.1% of Q1 2026 GWP; terminable on 180 days' notice under mutual exclusivity agreement.
- Term loan of $297.4M outstanding at variable SOFR rates; debt-to-capital covenant restrictions limit operating flexibility.
- Tangible stockholders' equity declined sharply to $712.9M from $881.6M Dec 2025 due to goodwill/intangibles from acquisition.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$278.9M
Net Income
Q1 2026
$42.9M
Free Cash Flow
Q1 2026
$47.0M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+58.2% YoYNet Income
+67.6% YoYEPS (Diluted)
+60.0% YoYTotal Assets
+34.9% YoYTotal Debt
Op. Cash Flow
+56.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $876.0M +58.2% | $553.9M +47.3% | $375.9M +14.9% | $327.1M +32.0% | $247.8M +47.1% | $168.5M |
| Net Income | $197.1M +67.6% | $117.6M +48.4% | $79.2M +51.8% | $52.2M +13.8% | $45.8M +632.7% | $6.3M |
| EPS (Diluted) | $7.17 +60.0% | $4.48 +43.1% | $3.13 +55.0% | $2.02 +14.8% | $1.76 +633.3% | $0.24 |
| Total Assets | $3.05B +34.9% | $2.26B +32.4% | $1.71B +30.7% | $1.31B +41.1% | $925.7M +27.0% | $729.1M |
| Total Debt | $0.00 | — | — | — | — | — |
| Operating Cash Flow | $409.1M +56.7% | $261.2M +124.9% | $116.1M -31.5% | $169.6M +93.1% | $87.8M +52.7% | $57.5M |
AI Insight: PLMR Financial Trends
Revenue surged 93% from Q2 2024 to Q1 2026, but net income growth slowed and operating cash flow weakened in latest quarter.
• Revenue accelerated from $131M in Q2 2024 to $279M in Q1 2026, representing 93% growth over eight quarters.
• Net income increased from $26M to $43M over the same period, though growth decelerated in Q1 2026.
• Equity strengthened from $533M in Q2 2024 to $959M in Q1 2026, an 80% increase.
⚠ Operating cash flow declined to $47M in Q1 2026 from $117M in Q4 2025, lowest level since Q2 2024.
⚠ Total debt of $297M appeared on balance sheet for first time in Q1 2026.
AI Insight: PLMR Ratio Trends
Palomar's profitability collapsed in Q1 2026 with operating margin plunging from 28.7% to 19.2% and ROIC falling 1,380 basis points.
• Operating margin deteriorated sharply from 28.7% in Q4 2025 to 19.2% in Q1 2026, breaking a streak of sustained profitability.
• ROIC declined dramatically from 30.8% in Q4 2025 to 17.0% in Q1 2026, erasing gains built over prior quarters.
• Net profit margin compressed from 22.2% to 15.4% quarter-over-quarter, marking the lowest level since Q2 2024.
• ROE dropped to 17.9% in Q1 2026 from 23.8% in Q4 2025, reversing the upward trajectory seen through 2025.
⚠ Sharp Q1 2026 margin compression may signal underwriting challenges or elevated catastrophe losses requiring close monitoring.
⚠ Debt-to-equity ratio at 0.31 provides some balance sheet cushion amid operational headwinds.
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Top Institutional Holders of PLMR
BlackRock, Inc.
$524.0M4,385,138 shVANGUARD PORTFOLIO MANAGEMENT LLC
$145.7M1,218,960 shVANGUARD CAPITAL MANAGEMENT LLC
$143.2M1,198,537 shSTATE STREET CORP
$126.9M1,062,288 shJANUS HENDERSON GROUP PLC
$111.7M933,993 shWESTFIELD CAPITAL MANAGEMENT CO LP
$102.1M854,116 shSumitomo Mitsui Trust Holdings, Inc.
$85.6M716,335 shStephens Investment Management Group LLC
$85.4M714,914 shGEODE CAPITAL MANAGEMENT, LLC
$81.6M683,014 shDIMENSIONAL FUND ADVISORS LP
$78.0M653,026 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $524.0M | 4,385,138 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $145.7M | 1,218,960 |
| VANGUARD CAPITAL MANAGEMENT LLC | $143.2M | 1,198,537 |
| STATE STREET CORP | $126.9M | 1,062,288 |
| JANUS HENDERSON GROUP PLC | $111.7M | 933,993 |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $102.1M | 854,116 |
| Sumitomo Mitsui Trust Holdings, Inc. | $85.6M | 716,335 |
| Stephens Investment Management Group LLC | $85.4M | 714,914 |
| GEODE CAPITAL MANAGEMENT, LLC | $81.6M | 683,014 |
| DIMENSIONAL FUND ADVISORS LP | $78.0M | 653,026 |
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Is PLMR a good stock to buy?
13F Pro's AI-powered analysis of Palomar Holdings, Inc. (PLMR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PLMR are available on the PLMR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PLMR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PLMR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Palomar Holdings, Inc.'s investment landscape.