Palomar Holdings, Inc. functions as an insurance holding company dedicated to providing specialized property coverage for both private homeowners and businesses. Its ...
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Est. EPS $2.67 · Revenue $753.07M · 5 analysts
Est. EPS $2.76 · Revenue $603.15M · 5 analysts
Est. EPS $10.08 · Revenue $2.62B · 6 analysts
Est. EPS $2.60 · Revenue $755.44M · 3 analysts
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| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $876.0M | +58.2% | +12.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $197.1M | +67.6% | +22.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +73.9% | +51.9% | -33.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +28.9% | +6.0% | +15.8% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +22.5% | +6.0% | +8.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $402.0M | +54.1% | +274.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +45.9% | -2.6% | +232.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 0.8% | — | -2.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | — | — | — |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.2B | -1.6% | +9.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 7.17 vs 7.72 | -7.2% | 1.94 vs 2.67 | -27.2% |
| Revenue Surprise | $876.0M vs $2.0B | -56.6% | $314.4M vs $753.1M | -58.2% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Armstrong Mac | director, officer: CEO and Chairman | Common Stock | D | 369 | $129.65 |
| Aug 21, 2026 | Armstrong Mac | director, officer: CEO and Chairman | Common Stock | D | 2,339 | $130.49 |
| Aug 21, 2026 | Armstrong Mac | director, officer: CEO and Chairman | Common Stock | D | 792 | $131.37 |
| Aug 18, 2026 | Knutzen Jonathan | officer: Chief Risk Officer | Common Stock (RSUs) | A | 612 | — |
| Aug 18, 2026 | Knutzen Jonathan | officer: Chief Risk Officer | Common Stock (RSUs) | D | 296 | $127.75 |
Operator: Greetings, and welcome to the Palomar Holdings Incorporated Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Mr. Chris Uchida, Chief Financial Officer. Please go ahead, sir. T. Uchida: Thank you, operator, and good morning, everyone. We appreciate your participation in our earnings call. With me here today is Mac Armstrong, our Chairman and Chief Executive Officer. Additionally, Jon Christianson, our President, is here to answer questions during the Q&A portion of the call. As a reminder, a telephonic replay of this call will be available on the Investor Relations section of our website through 11:59 p.m. Eastern Time on August 19, 2026. Before we begin, let me remind everyone that this call may contain certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include remarks about management's future expectations, beliefs, estimates, plans and prospects. Such statements are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from those indicated or implied by such statements. Such risks and other factors are set forth in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission. We do not undertake any duty to update such forward-looking statements. Additionally, during today's call, we will discuss certain non-GAAP measures, which we believe are useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to their most comparable GAAP measure can be found in our earnings release. At this point, I'll turn the call over to Mac. D. Armstrong: Thank you, Chris, and good morning, everyone. We delivered another strong quarter, highlighted by record adjusted net income, our 15th consecutive earnings beat and the third increase to our full year adjusted net income guidance. Gross written premium increased 27% year-over-year. Adjusted net income grew 31%. Adjusted earnings per share grew 34%. Our adjusted combined ratio was 77% and our adjusted return on equity was 26%. These results demonstrate our ability to execute in a dynamic insurance market while maintaining discipline in underwriting and capital allocation. Our diversified portfolio remains one of Palomar's greatest strengths, and we believe it truly is one of one within the Specialty Insurance market. No single product group represented more than 1/3 of gross written premium during the quarter. Approximately half of our portfolio is property business. Nearly 20% is generated from lines of business that are not correlated to traditional P&C market cycles and 52% of the book is written on an admitted basis. The deliberate …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
D. McDonald Armstrong | Founder, Chief Executive Officer & Chairman of the Board | USD 5,098,817 | Male | — | Active |
Toshio Christopher Uchida | Chief Financial Officer | USD 1,642,283 | Male | 1974 | Active |
Jon Marcus Christianson | President | USD 1,551,420 | Male | 1980 | Active |
Jonathan Blake Knutzen | Chief Risk Officer | USD 1,288,754 | Male | 1972 | Active |
Rodolphe Herve | Chief Operating Officer | USD 1,008,196 | Male | 1978 | Active |
Angela Leann Grant | Chief Legal Officer & Corporate Secretary | USD 639,547 | Female | 1969 | Active |
Jake Armstrong | Executive VP and Head of Marine & Property | — | Male | — | Active |
Robert Beyerle | Chief Underwriting Officer | — | Male | — | Active |
Elizabeth Whitaker Seitz | EVice President of Treasury & Financial Operations and Chief Accounting Officer | — | Female | — | Active |
James Long | Chief Technology Officer | — | Male | — | Active |
Kyle Morgan | Chief Strategy Officer | — | Male | — | Active |
Timothy T. Carter | Chief People Officer | — | Male | 1969 | Active |
Deutsche Bank AG bought a new position in Palomar Holdings, Inc. (NASDAQ: PLMR) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 48,512 shares of the company's stock, valued at approximately $6,131,000. Deutsche Bank AG owned approximately 0.18%
BlackRock Inc. purchased a new stake in Palomar Holdings, Inc. (NASDAQ: PLMR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,401,832 shares of the company's stock, valued at approximately $556,348,000. BlackRock Inc. owned 16.61% of Palomar
Danske Bank A S purchased a new stake in shares of Palomar Holdings, Inc. (NASDAQ: PLMR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,408 shares of the company's stock, valued at approximately $810,000. Other hedge funds and other institutional investors
Danske Bank A S purchased a new stake in shares of Palomar Holdings, Inc. (NASDAQ: PLMR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,408 shares of the company's stock, valued at approximately $810,000. Other hedge funds and other institutional investors
PLMR's premium growth and specialty expansion support earnings, while competitive pricing and a higher combined ratio could pressure margins.
