Palomar Holdings, Inc.

NasdaqGS:PLMR Stock Report

Market Cap: US$2.8b

Palomar Holdings Future Growth

Future criteria checks 3/6

Palomar Holdings is forecast to grow earnings and revenue by 15.3% and 19.1% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 23.8% in 3 years.

Key information

15.3%

Earnings growth rate

14.34%

EPS growth rate

Insurance earnings growth2.2%
Revenue growth rate19.1%
Future return on equity23.80%
Analyst coverage

Good

Last updated29 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 17

PLMR: Share Repurchases And Higher Future P/E Will Support Pricing Upside

Analysts have trimmed their average price target for Palomar Holdings by about $5 to $155, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E following a series of recent target revisions from the Street. Analyst Commentary Recent Street research on Palomar Holdings points to mixed views, with some analysts trimming targets and others lifting them as they refresh models after the latest earnings and guidance updates.
Seeking Alpha • Mar 25

Palomar Holdings: Strong Fundamentals, Yet Discounted Valuation

Summary Palomar Holdings (PLMR) is transitioning to a diversified, commission-based model, reducing catastrophic risk dependency and achieving a 25.9% adjusted ROE in 2025. PLMR’s valuation at 16.5x P/E is significantly below its five-year average, despite 24% forecasted annual income growth and robust underwriting discipline. The Gray Surety acquisition diversifies income streams, but increases leverage and exposes PLMR to integration and reinsurance market risks. I view PLMR as an attractive, albeit volatile, growth story with a favorable risk-reward profile for investors comfortable with insurance cycles. Read the full article on Seeking Alpha
Narrative Update • Feb 11

PLMR: Higher Future P/E Assumptions Will Support Commercial Line Pricing Upside

Analysts have nudged their average price target for Palomar Holdings slightly higher, with one firm raising its estimate to $171 from $170. The revision reflects updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.
Narrative Update • Dec 15

PLMR: Lighter Property Renewals Will Support Commercial Line Pricing Upside Ahead

Analysts have reduced their price target on Palomar Holdings to $134 from $168, reflecting sector wide P&C headwinds, even as they point to an expected solid Q3 supported by a lighter mix of property renewals that could aid commercial line pricing. Analyst Commentary Bullish Takeaways Bullish analysts highlight that Q3 is tracking as a solid quarter, supporting the view that Palomar can continue to execute well despite broader insurance sector volatility.
Narrative Update • Dec 01

PLMR: Lighter Property Renewals Will Support Commercial Line Pricing Ahead

Analysts have lowered their price target for Palomar Holdings to $134 from $168, citing mixed sector performance and adjustments in property renewals, even though there are expectations for a solid quarter. Analyst Commentary Analysts have provided a nuanced outlook for Palomar Holdings, reflecting both optimism regarding the company's near-term operating performance and caution about sector-wide challenges affecting valuation.
Narrative Update • Nov 17

PLMR: Pricing Improvements In Commercial Lines Should Drive Improved Outlook

Narrative Update on Palomar Holdings Analysts have revised Palomar Holdings' price target downward from $153.33 to $160.00, citing a combination of slightly higher projected revenue growth, lower profit margin estimates, and noting that, while Q3 fundamentals remain solid, broader sector underperformance has tempered near-term optimism. Analyst Commentary Recent analyst assessments provide a nuanced outlook for Palomar Holdings, highlighting both supportive trends and areas of caution as pricing targets and sector forecasts are updated.
Narrative Update • Oct 31

PLMR: Resilient Earnings And Buyback Program Will Drive Renewed Momentum

Palomar Holdings' analyst price target has been revised downward from $168 to $134, as analysts cite sector-wide valuation pressures, slow growth in key segments, and mixed stock performance even though the company reported solid quarterly results. Analyst Commentary Analyst sentiment on Palomar Holdings remains mixed following its latest financial results, with updated price targets reflecting both strengths and ongoing challenges within the company and its sector.
Narrative Update • Oct 17

Climate Change And Underwriting Technology Will Secure Long-Term Stability

Analysts have lowered their average price target on Palomar Holdings by approximately $6 to $153, citing sector valuation pressures and adjustments for slower growth in certain business lines, despite ongoing earnings potential. Analyst Commentary Recent analyst updates have adjusted Palomar Holdings' price targets downward, reflecting evolving views on growth prospects and sector-wide valuation pressures.
Narrative Update • Oct 03

Climate Change And Underwriting Technology Will Secure Long-Term Stability

Palomar Holdings’ analyst price target has been modestly reduced, with the consensus fair value moving from $165.33 to $159.67. Analysts cite softer growth projections and sector-wide valuation pressures for the adjustment.
Narrative Update • Aug 07

Climate Change And Underwriting Technology Will Secure Long-Term Stability

With Palomar Holdings’ net profit margin and consensus revenue growth forecasts both remaining stable, the analyst price target has consequently held steady at $172.67. What's in the News Palomar Holdings announced a $150 million share repurchase program, valid through July 31, 2027.
Analysis Article • Aug 02

Here's Why We Think Palomar Holdings (NASDAQ:PLMR) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jul 11

What You Can Learn From Palomar Holdings, Inc.'s (NASDAQ:PLMR) P/E

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...
Analysis Article • May 16

Here's Why Palomar Holdings, Inc.'s (NASDAQ:PLMR) CEO May Deserve A Raise

Key Insights Palomar Holdings to hold its Annual General Meeting on 22nd of May Total pay for CEO Mac Armstrong...
Analysis Article • Apr 25

With EPS Growth And More, Palomar Holdings (NASDAQ:PLMR) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Seeking Alpha • Apr 01

Palomar: Still Bullish Considering Recent M&A And Mid-Term Outlook

Summary I stick with my existing Buy rating for PLMR after assessing the company's latest inorganic growth transaction and its financial targets for the medium term. My view of Palomar's AgProtection takeover is favorable, as I think this will help its crop insurance business grow at a faster pace in the future. The company has the potential to expand its normalized net income by +100% in the coming three years. Read the full article on Seeking Alpha
Analysis Article • Feb 16

Upgrade: Analysts Just Made An Increase To Their Palomar Holdings, Inc. (NASDAQ:PLMR) Forecasts

Shareholders in Palomar Holdings, Inc. ( NASDAQ:PLMR ) may be thrilled to learn that the analysts have just delivered a...
Seeking Alpha • Jan 20

Palomar: Shining Star In The Insurance Sector

Summary Palomar's unique focus on earthquake insurance has led to consistent growth, with drivers like the CEA's changing risk program. Management has supplemented the core business with specialty P&C lines and expansion into crop and surety markets. PLMR has shown disciplined risk management by reducing high-risk exposure in the hurricane lines. Read the full article on Seeking Alpha
Analysis Article • Jan 11

Palomar Holdings, Inc.'s (NASDAQ:PLMR) Price In Tune With Earnings

When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...
Analysis Article • Sep 13

Palomar Holdings, Inc.'s (NASDAQ:PLMR) Earnings Haven't Escaped The Attention Of Investors

Palomar Holdings, Inc.'s ( NASDAQ:PLMR ) price-to-earnings (or "P/E") ratio of 25.2x might make it look like a sell...
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New Narrative • Sep 09

Expanding Insurance Segments And Strategic Acquisitions Set To Boost Revenue And Profitability

Strategy targets new insurance segments and niche markets for revenue growth through acquisitions and leveraging company resources.
Analysis Article • Jul 14

Here's Why We Think Palomar Holdings (NASDAQ:PLMR) Might Deserve Your Attention Today

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Earnings and Revenue Growth Forecasts

NasdaqGS:PLMR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,5863013645121
12/31/20271,4632593094514
12/31/20261,1782152525225
3/31/2026980197361369N/A
12/31/2025876197402409N/A
9/30/2025778176355364N/A
6/30/2025682155372381N/A
3/31/2025610134307315N/A
12/31/2024554118253261N/A
9/30/2024503109205211N/A
6/30/202444696175181N/A
3/31/202440588125132N/A
12/31/202337679109116N/A
9/30/202335972162169N/A
6/30/202334958103110N/A
3/31/202333855132138N/A
12/31/202232752164170N/A
9/30/202231250140145N/A
6/30/202229946172178N/A
3/31/202227744144150N/A
12/31/2021248468388N/A
9/30/2021217273650N/A
6/30/2021194111326N/A
3/31/2021180111223N/A
12/31/202016864657N/A
9/30/2020161195050N/A
6/30/2020146424949N/A
3/31/2020129376161N/A
12/31/201911311N/A45N/A
9/30/2019944N/A43N/A
6/30/201983-2N/A25N/A
3/31/201977-2N/A17N/A
12/31/20187318N/A23N/A
12/31/2017594N/A20N/A
12/31/2016437N/A16N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLMR's forecast earnings growth (15.3% per year) is above the savings rate (3.5%).

Earnings vs Market: PLMR's earnings (15.3% per year) are forecast to grow slower than the US market (17% per year).

High Growth Earnings: PLMR's earnings are forecast to grow, but not significantly.

Revenue vs Market: PLMR's revenue (19.1% per year) is forecast to grow faster than the US market (11.9% per year).

High Growth Revenue: PLMR's revenue (19.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PLMR's Return on Equity is forecast to be high in 3 years time (23.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 21:23
End of Day Share Price 2026/06/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Palomar Holdings, Inc. is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tracy Dolin-BenguiguiBarclays
Matthew CarlettiCitizens JMP Securities, LLC
David MotemadenEvercore ISI