Recent Insider Transactions • Jul 23
Founder recently sold €421k worth of stock On the 21st of July, D. Armstrong sold around 4k shares on-market at roughly €120 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. D. has been a net seller over the last 12 months, reducing personal holdings by €5.6m. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €116, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Insurance industry in Germany. Total returns to shareholders of 165% over the past three years. Recent Insider Transactions • Jun 29
Founder recently sold €345k worth of stock On the 22nd of June, D. Armstrong sold around 4k shares on-market at roughly €98.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €389k. D. has been a net seller over the last 12 months, reducing personal holdings by €5.8m. Announcement • May 27
Palomar Holdings, Inc. Announces Appointment of Scott Beiser to Board of Directors, Effective May 21, 2026 Palomar Holdings, Inc. announced that Scott Beiser had been appointed to the Company's Board of Directors as a Class I director, effective May 21, 2026, to serve until the Company's 2029 Annual Meeting of Stockholders, and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal. Mr. Beiser currently serves as Co-Chairman of Houlihan Lokey (NYSE:HLI), a publicly traded global investment bank, after serving as Chief Executive Officer from 2003 to 2024. He joined Houlihan Lokey in 1984 and held several senior leadership positions throughout his tenure, including Chief Operating Officer and Chief Executive Officer. As Chief Executive Officer, Mr. Beiser led the firm's initial public offering in 2015 and oversaw its transformation into a leading independent investment banking firm. Mr. Beiser brings decades of executive leadership and public company experience, with deep expertise in strategic planning, corporate governance, capital allocation, and driving long-term shareholder value creation. He has served on Houlihan Lokey’s Board of Directors since 1991 and also brings extensive public and private company board experience. Scott holds both a Bachelor of Science and a Master of Science in Finance from the College of Business and Economics at California State University, Northridge. Mr. Beiser was appointed to serve on the Audit Committee, Compensation Committee, and Investment Committee of the Board. Recent Insider Transactions • May 25
Founder recently sold €346k worth of stock On the 21st of May, D. Armstrong sold around 4k shares on-market at roughly €98.73 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €389k. D. has been a net seller over the last 12 months, reducing personal holdings by €6.1m. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Tom Bradley was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 07
Palomar Holdings, Inc. (NasdaqGS:PLMR) announces an Equity Buyback for $200 million worth of its shares. Palomar Holdings, Inc. (NasdaqGS:PLMR) announces a share repurchase program. Under the program, the company will repurchase $200 million of its outstanding shares of common stock. The program is valid over the period ending on May 6, 2028. Announcement • Apr 30
Palomar Holdings, Inc. to Report Q1, 2026 Results on May 06, 2026 Palomar Holdings, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Apr 13
Palomar Holdings, Inc., Annual General Meeting, May 21, 2026 Palomar Holdings, Inc., Annual General Meeting, May 21, 2026. Location: at the palomar offices, located at 7979 ivanhoe avenue, suite 500, california 92037, la jola United States Announcement • Feb 03
Palomar Holdings, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Palomar Holdings, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 11, 2026 Announcement • Oct 29
Palomar Holdings, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Palomar Holdings, Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Announcement • Aug 05
Palomar Holdings, Inc. (NasdaqGS:PLMR) announces an Equity Buyback for $150 million worth of its shares. Palomar Holdings, Inc. (NasdaqGS:PLMR) announces a share repurchase program. Under the program, the company will repurchase $150 million of its outstanding shares of common stock. The program is valid over the period ending on July 31, 2027. Announcement • Jul 29
Palomar Holdings, Inc. to Report Q2, 2025 Results on Aug 04, 2025 Palomar Holdings, Inc. announced that they will report Q2, 2025 results After-Market on Aug 04, 2025 Announcement • Jun 30
Palomar Holdings, Inc.(NasdaqGS:PLMR) dropped from Russell 2000 Dynamic Index Palomar Holdings, Inc.(NasdaqGS:PLMR) dropped from Russell 2000 Dynamic Index Announcement • Apr 29
Palomar Holdings, Inc. to Report Q1, 2025 Results on May 05, 2025 Palomar Holdings, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Announcement • Apr 14
Palomar Holdings, Inc., Annual General Meeting, May 22, 2025 Palomar Holdings, Inc., Annual General Meeting, May 22, 2025. Location: 7979 ivanhoe avenue, suite 500, la jolla, california, la jolla United States Announcement • Mar 21
Palomar Holdings, Inc. (NasdaqGS:PLMR) agreed to acquire Advanced AgProtection, LLC. Palomar Holdings, Inc. (NasdaqGS:PLMR) agreed to acquire Advanced AgProtection, LLC on March 20, 2025. The deal is expected to close during the second quarter of this year. Announcement • Feb 06
Palomar Holdings, Inc. to Report Q4, 2024 Results on Feb 12, 2025 Palomar Holdings, Inc. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Announcement • Jan 03
Palomar Holdings, Inc. (NasdaqGS:PLMR) completed the acquisition of First Indemnity of America Insurance Company from Absco Ltd. Corp. Palomar Holdings, Inc. (NasdaqGS:PLMR) agreed to acquire First Indemnity of America Insurance Company from Absco Ltd. Corp. on June, 2024. The transaction has been approved by the boards of directors of both companies and is expected to close late this year or early in 2025, pending regulatory approvals and customary closing conditions.
Palomar Holdings, Inc. (NasdaqGS:PLMR) completed the acquisition of First Indemnity of America Insurance Company from Absco Ltd. Corp. on January 1, 2025. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €94.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €174 per share. Announcement • Nov 08
Palomar Holdings, Inc. Appoints Benson Latham EVP, Head of Crop Palomar Holdings, Inc. announced that Benson Latham has been appointed Executive Vice President, Head of Crop, where he will be responsible for leading Palomar’s rapidly growing Crop franchise.Benson Latham is a 30-year veteran of the Crop insurance industry and joins Palomar from Great American Insurance Company. Mr. Latham began his career at ProAg, where he helped build a large-scale Crop franchise with over 400 employees and $500 million in revenue. After the successful sale of ProAg to CUNA Mutual in 2010, Mr. Latham founded Longhorn Re, a Bermuda-based reinsurer focused on Crop risk, which he quickly grew and sold to Validus Re in 2013. At Validus, Mr. Latham launched the company’s Crop division, growing it to more than $1 billion in revenue through organic growth and acquisitions, when the business was sold to American Financial Group’s Great American Insurance Company. of commercial and purchasing since Worthington Steel’s separation from the former Worthington Industries in December 2023. Prior to that, he was vice president of purchasing for Worthington Industries for 11 years. Larivey joined Worthington Industries as director of steel purchasing when the Company acquired Gibraltar Strip Steel in February 2010. At Gibraltar, Larivey held several roles of increasing responsibility including production scheduler, materials application and inside sales manager. He was named vice president of marketing at Gibraltar in 2008 and added purchasing to his title in 2009. Larivey earned his bachelor’s degree in business from the University of New York at Buffalo. Under Larivey’s leadership, Marc Gase, vice president of price risk and supply chain, Doug Kovach, vice president of sales and marketing and Jason Miller, vice president of purchasing, will continue to oversee the commercial organization, and Brad Kern, vice president of operations, will continue to head up operations. With their combined tenure, they bring more than 100 years of expertise to the Company. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$1.18 (vs US$0.74 in 3Q 2023) Third quarter 2024 results: EPS: US$1.18 (up from US$0.74 in 3Q 2023). Revenue: US$148.5m (up 63% from 3Q 2023). Net income: US$30.5m (up 66% from 3Q 2023). Profit margin: 21% (in line with 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Palomar Holdings, Inc. to Report Q3, 2024 Results on Nov 04, 2024 Palomar Holdings, Inc. announced that they will report Q3, 2024 results After-Market on Nov 04, 2024 Recent Insider Transactions • Oct 23
Founder recently sold €622k worth of stock On the 21st of October, D. Armstrong sold around 7k shares on-market at roughly €88.92 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. D. has been a net seller over the last 12 months, reducing personal holdings by €5.5m. Recent Insider Transactions • Sep 26
Founder recently sold €600k worth of stock On the 23rd of September, D. Armstrong sold around 7k shares on-market at roughly €85.77 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.0m. D. has been a net seller over the last 12 months, reducing personal holdings by €4.9m. Announcement • Sep 12
Palomar Holdings, Inc. Announces Appointment of David Sapia as Executive Vice President, Head of E&S Casualty Palomar Holdings, Inc. announced that David Sapia has been appointed Executive Vice President, Head of E&S Casualty, effective September 9, 2024. David Sapia offers over 30 years of extensive expertise in casualty underwriting and field management, with a specialized focus on the E&S market. His experience in reinsurance and strategic casualty leadership equips him with a unique skill set to drive the expansion of the Companys casualty franchise. Mr. Sapia will spearhead the development of an E&S casualty division, support the existing casualty operations, and identify additional opportunities for profitable growth in the casualty sector. Prior to joining Palomar, Mr. Sapia was the Director of Liability Underwriting for HDI Global USA where he was responsible for the strategy, execution, and portfolio steering for the companys US casualty business. Prior to HDI Global USA, Mr. Sapia served as Vice President of Underwriting at Axis US Insurance for ten years where he was an excess casualty underwriter in Axis West Region focusing on the E&S market. Prior to Axis, Mr. Sapia served as Managing Director at Guy Carpenter, where he managed a team that served the reinsurance needs of ceding clients located throughout the United States and Bermuda. Mr. Sapia was a Sergeant in the United States Marine Corps and received his MBA and BS in Business Administration from the University of Denver. Recent Insider Transactions • Aug 25
Founder recently sold €592k worth of stock On the 21st of August, D. Armstrong sold around 7k shares on-market at roughly €84.54 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €1.0m. D. has been a net seller over the last 12 months, reducing personal holdings by €4.3m. Announcement • Aug 10
Palomar Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $105.6 million. Palomar Holdings, Inc. has filed a Follow-on Equity Offering in the amount of $105.6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: $88
Discount Per Security: $3.96 Announcement • Aug 09
Palomar Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $105.6 million. Palomar Holdings, Inc. has completed a Follow-on Equity Offering in the amount of $105.6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: $88 New Risk • Aug 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Significant insider selling over the past 3 months (€2.8m sold). Announcement • Aug 09
Palomar Holdings, Inc. has filed a Follow-on Equity Offering. Palomar Holdings, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000 Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$1.03 (vs US$0.71 in 2Q 2023) Second quarter 2024 results: EPS: US$1.03 (up from US$0.71 in 2Q 2023). Revenue: US$131.1m (up 45% from 2Q 2023). Net income: US$25.7m (up 47% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Tom Bradley was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 25
Palomar Holdings, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Palomar Holdings, Inc. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 05, 2024 Recent Insider Transactions • Jul 21
Founder recently sold €1.0m worth of stock On the 18th of July, D. Armstrong sold around 12k shares on-market at roughly €83.50 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. D. has been a net seller over the last 12 months, reducing personal holdings by €7.9m. Recent Insider Transactions • Jun 23
Founder recently sold €514k worth of stock On the 21st of June, D. Armstrong sold around 7k shares on-market at roughly €73.49 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €534k. D. has been a net seller over the last 12 months, reducing personal holdings by €6.9m. Announcement • Jun 21
Palomar Holdings, Inc. Announces Executive Changes Palomar Holdings, Inc. announced that Tim Carter has been appointed Chief People Officer, effective June 24, 2024, and Rodolphe “Rudy” Herve has been appointed Chief Operating Officer, effective July 1, 2024. Tim Carter brings more than 20 years of executive leadership experience in human resources, operations, and sales functions. Mr. Carter has significant expertise in human capital optimization, talent acquisition and retention, learning and development, and inclusion and culture. Mr. Carter joins Palomar from LPL Financial, Inc. ("LPL") where he served for ten years as Senior Vice President, Human Resources and led talent acquisition, total rewards, and corporate real estate. Mr. Carter also launched LPL's culture transformation program. Mr. Carter previously served in leadership roles at G4S Integrated Services, Parexel, and Home Depot. Prior to his corporate roles, Mr. Carter served as a Captain in the United States Marine Corps. Mr. Carter earned a B.A. in Political Science from San Diego State University. Rudy Herve is an experienced insurance executive with over 20 years of expertise across technology, operations, strategic transformations, and mergers and acquisitions. Mr. Herve joins Palomar from SCOR, where he served as Global Head of P&C Operations after previously holding the position of CEO of North America and Chief Transformation & Operations Officer for their Specialty Insurance division. Prior to SCOR, Mr. Herve held various leadership roles at QBE North America, leading their expansion into Specialty lines of business. Before joining the insurance industry, Mr. Herve held roles at Bain & Company, Orange Ventures and Morgan Stanley. Mr. Herve earned a Masters in Management from ESCP Europe and a Masters of Business Administration from the University of Pennsylvania’s Wharton School. Recent Insider Transactions • May 22
Founder recently sold €534k worth of stock On the 21st of May, D. Armstrong sold around 7k shares on-market at roughly €76.29 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €754k. D. has been a net seller over the last 12 months, reducing personal holdings by €6.4m. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$1.06 (vs US$0.69 in 1Q 2023) First quarter 2024 results: EPS: US$1.06 (up from US$0.69 in 1Q 2023). Revenue: US$118.5m (up 33% from 1Q 2023). Net income: US$26.4m (up 52% from 1Q 2023). Profit margin: 22% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 25
Founder recently sold €526k worth of stock On the 22nd of April, D. Armstrong sold around 7k shares on-market at roughly €75.19 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €754k. D. has been a net seller over the last 12 months, reducing personal holdings by €5.9m. Announcement • Apr 24
Palomar Holdings, Inc. to Report Q1, 2024 Results on May 02, 2024 Palomar Holdings, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €73.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €130 per share. Announcement • Apr 12
Palomar Holdings, Inc., Annual General Meeting, May 23, 2024 Palomar Holdings, Inc., Annual General Meeting, May 23, 2024, at 09:00 Pacific Standard Time. Location: Palomar offices, Palomar located at 7979 Ivanhoe Avenue, Suite 500, La Jolla, California 92037 California United States Agenda: To consider and elect as Class II directors the three nominees named in this proxy statement to serve until the 2027 Annual Meeting of Stockholders or until their successors are duly elected and qualified; to consider and approve, on a non-binding advisory basis, the compensation of our Named Executive Officers as described in the proxy statement; to consider and ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for our fiscal year ending December 31, 2024; to consider and transact such other business that may properly come before the Annual Meeting or any postponements or adjournments thereof. Announcement • Mar 02
Palomar Holdings, Inc. Appoints Thomas Bradley to Board of Directors, Enterprise Risk Management Committee and Audit Committee Palomar Holdings, Inc. announced that Thomas Bradley has been appointed to the Company’s Board of Directors on February 28, 2024. Mr. Bradley was appointed to serve on the Enterprise Risk Management (ERM) Committee and Audit Committee of the Board. During his distinguished career spanning over 30 years, Mr. Bradley has held multiple executive and board level positions with various insurance and reinsurance companies in the public space. Most recently, Mr. Bradley was Executive Chairman and Chief Executive Officer of Argo Group International Holdings, where he led Argo through a review of strategic alternatives which resulted in the sale to Brookfield in 2023. Mr. Bradley also served on Argo’s Board of Directors from August 2018, and as Chairman from April 2020, until November 2023. Prior to joining Argo, Mr. Bradley served as the Chief Financial Officer and Executive Vice President of Allied World Assurance Company Holdings, a global provider of insurance and reinsurance solutions, from 2012 until 2018. In addition, Mr. Bradley acted as the Executive Vice President and Chief Financial Officer for two other public companies, Fair Isaac Corporation and the St. Paul Companies. He also held senior financial and operational positions at Zurich Insurance Group, including Chief Financial Officer of North America and Chief Executive Officer of the Universal Underwriters Group. Mr. Bradley received a B.A. degree in Accounting from the University of Maryland and a Master of Business Administration with a concentration in Finance from Loyola University. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$3.19 (vs US$2.07 in FY 2022) Full year 2023 results: EPS: US$3.19 (up from US$2.07 in FY 2022). Revenue: US$375.9m (up 15% from FY 2022). Net income: US$79.2m (up 52% from FY 2022). Profit margin: 21% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$3.19 (vs US$2.07 in FY 2022) Full year 2023 results: EPS: US$3.19 (up from US$2.07 in FY 2022). Revenue: US$375.9m (up 15% from FY 2022). Net income: US$79.2m (up 52% from FY 2022). Profit margin: 21% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Combined ratio: 76.6% (down from 80.4% in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 08
Palomar Holdings, Inc. to Report Q4, 2023 Results on Feb 14, 2024 Palomar Holdings, Inc. announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Announcement • Jan 27
Palomar Holdings, Inc. Announces Resignation of Michelle Johnson as Chief People & Productivity Officer, Effective February 2, 2024 Palomar Holdings, Inc. announced on January 22, 2024, Michelle Johnson, the company’s Chief People & Productivity Officer, provided the company with a written resignation, with her last date of employment being February 2, 2024. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.73 (vs US$0.17 in 3Q 2022) Third quarter 2023 results: EPS: US$0.73 (up from US$0.17 in 3Q 2022). Revenue: US$90.9m (up 13% from 3Q 2022). Net income: US$18.4m (up 330% from 3Q 2022). Profit margin: 20% (up from 5.3% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Oct 25
Palomar Holdings, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Palomar Holdings, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 01, 2023 Board Change • Aug 28
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Daina Middleton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 26
Palomar Holdings, Inc. to Report Q2, 2023 Results on Aug 02, 2023 Palomar Holdings, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. Independent Director Daina Middleton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$0.69 (vs US$0.57 in 1Q 2022) First quarter 2023 results: EPS: US$0.69 (up from US$0.57 in 1Q 2022). Revenue: US$89.2m (up 14% from 1Q 2022). Net income: US$17.3m (up 19% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €54.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Insurance industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.02 per share. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$2.07 (vs US$1.80 in FY 2021) Full year 2022 results: EPS: US$2.07 (up from US$1.80 in FY 2021). Revenue: US$327.1m (up 32% from FY 2021). Net income: US$52.2m (up 14% from FY 2021). Profit margin: 16% (down from 19% in FY 2021). The decrease in margin was driven by higher expenses. Combined ratio: 80.4% (up from 80.0% in FY 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Palomar Holdings, Inc. to Report Q4, 2022 Results on Feb 15, 2023 Palomar Holdings, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 15, 2023 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €46.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Insurance industry in Germany. Total loss to shareholders of 5.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.03 per share. Recent Insider Transactions • Oct 20
President recently sold €573k worth of stock On the 14th of October, Jon Christianson sold around 6k shares on-market at roughly €95.54 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jon has been a net seller over the last 12 months, reducing personal holdings by €857k. Recent Insider Transactions • Aug 13
President recently sold €284k worth of stock On the 10th of August, Jon Christianson sold around 4k shares on-market at roughly €70.94 per share. This was the largest sale by an insider in the last 3 months. This was Jon's only on-market trade for the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.48 in 2Q 2021) Second quarter 2022 results: EPS: US$0.58 (up from US$0.48 in 2Q 2021). Revenue: US$79.7m (up 38% from 2Q 2021). Net income: US$14.6m (up 18% from 2Q 2021). Profit margin: 18% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 40%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
Palomar Holdings, Inc. to Report Q2, 2022 Results on Aug 03, 2022 Palomar Holdings, Inc. announced that they will report Q2, 2022 results After-Market on Aug 03, 2022 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 15% share price gain to €60.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 190% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €106 per share. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 17% share price gain to €58.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Insurance industry in Germany. Total returns to shareholders of 235% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.57 (vs US$0.65 in 1Q 2021) First quarter 2022 results: EPS: US$0.57 (down from US$0.65 in 1Q 2021). Revenue: US$78.1m (up 59% from 1Q 2021). Net income: US$14.5m (down 13% from 1Q 2021). Profit margin: 19% (down from 34% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Palomar Holdings, Inc., Annual General Meeting, May 26, 2022 Palomar Holdings, Inc., Annual General Meeting, May 26, 2022, at 09:00 Pacific Standard Time. Location: 7979 Ivanhoe Avenue, Suite 500, La Jolla California United States Agenda: To elect directors; to approve the compensation of executive officers; to approve the frequency of future advisory votes on named executive officers’ compensation; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for fiscal year ending December 31, 2022; and to discuss other matters. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.80 (up from US$0.25 in FY 2020). Revenue: US$247.8m (up 47% from FY 2020). Net income: US$45.8m (up US$39.6m from FY 2020). Profit margin: 19% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 41%, compared to a 14% growth forecast for the insurance industry in Germany. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.80 (up from US$0.25 in FY 2020). Revenue: US$247.8m (up 47% from FY 2020). Net income: US$45.8m (up US$39.6m from FY 2020). Profit margin: 19% (up from 3.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 41%, compared to a 14% growth forecast for the insurance industry in Germany. Announcement • Feb 01
Palomar Holdings, Inc. to Report Q4, 2021 Results on Feb 16, 2022 Palomar Holdings, Inc. announced that they will report Q4, 2021 results After-Market on Feb 16, 2022 Announcement • Jan 26
Palomar Holdings, Inc. (NasdaqGS:PLMR) announces an Equity Buyback for $100 million worth of its shares. Palomar Holdings, Inc. (NasdaqGS:PLMR) announces a share repurchase program. Under the program, the company will repurchase $100 million of its outstanding shares of common stock. The program is valid over the period ending on March 31, 2024. Recent Insider Transactions • Nov 12
Independent Director recently bought €129k worth of stock On the 8th of November, Martha Notaras bought around 2k shares on-market at roughly €81.39 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €27k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.01 (vs US$0.61 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$67.7m (up 50% from 3Q 2020). Net income: US$246.0k (up US$15.9m from 3Q 2020). Profit margin: 0.4% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.49 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: US$57.7m (up 34% from 2Q 2020). Net income: US$12.3m (up 2.7% from 2Q 2020). Profit margin: 21% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 04
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 03
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 03
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 03
Chief Operating Officer Britt Morries has left the company On the 1st of July, Britt Morries' tenure as Chief Operating Officer ended after less than a year in the role. As of March 2021, Britt still personally held 11.05k shares (€608k worth at the time). Britt is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.25 years, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • Mar 31
Palomar Holdings, Inc. (NasdaqGS:PLMR) announces an Equity Buyback for $40 million worth of its shares. Palomar Holdings, Inc. (NasdaqGS:PLMR) announces a share repurchase program. Under the program, the company will repurchase up to $40 million of its outstanding shares of common stock. The repurchases under the share repurchase program will be made using company’s own cash resources and any shares repurchased are expected to be held as treasury shares. The repurchase program will run through March 31, 2023. Announcement • Mar 03
Palomar Holdings, Inc. announced delayed annual 10-K filing On 03/01/2021, Palomar Holdings, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Feb 18
Palomar Holdings, Inc. to Report Q4, 2020 Results on Feb 24, 2021 Palomar Holdings, Inc. announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Announcement • Feb 05
Palomar Holdings, Inc. Provides Estimated Fourth Quarter 2020 Catastrophe Losses Palomar Holdings, Inc. provided estimated fourth quarter 2020 catastrophe Losses. Total net catastrophe losses for the quarter are expected to be between $14.0 and $15.0 million. The company also announced an estimated range of pretax catastrophe losses of $15.0 million to $16.5 million for the fourth quarter of 2020, and approximately $1.5 million of favorable development from third quarter 2020 storms. The company's loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates. In addition, the company's financial closing and review procedures for the fiscal fourth quarter of 2020 are not yet complete. Updated loss estimates related to recent catastrophes will be reflected in the company's fourth quarter and full year 2020 results. Is New 90 Day High Low • Feb 03
New 90-day high: €87.00 The company is up 16% from its price of €75.00 on 04 November 2020. The German market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.14 per share. Announcement • Jan 13
Palomar Holdings, Inc. Appoints Mark Brose as Chief Technology Officer Palomar Holdings, Inc. announced that Mark Brose has been appointed Chief Technology Officer. Mr. Brose will report directly to his predecessor, the Company’s Chief Operating Officer, Britt Morries, who assumed the role of Chief Operating Officer on September 1, 2020. Mr. Brose most recently served as Vice President of Engineering at Agosto Inc., a cloud services and development company. Announcement • Jan 05
Palomar Holdings, Inc. Announces Promotion of Michelle Johnson to Chief Talent & Diversity Officer Palomar Holdings, Inc. announced that Michelle Johnson has been promoted to Chief Talent & Diversity Officer, effective immediately. Ms. Johnson was previously Senior Vice President of People & Talent, having served in this role since joining the Company in 2019. Prior to joining the Company in 2019, Ms. Johnson spent over 20 years in HR leadership positions, including senior management positions at Option One Mortgage, an H&R Block subsidiary, AMN Healthcare and Panasonic Avionics Corporation. Announcement • Dec 01
Palomar Holdings, Inc. Appoints Angela Grant as Chief Legal Officer Palomar Holdings, Inc. announced that Angela Grant has been appointed Chief Legal Officer, effective immediately. Ms. Grant has over 30 years of operational and legal experience in the insurance industry and will oversee all in-house and corporate counsel duties. Ms. Grant will also play a prominent role in regulatory, compliance and strategic matters. Ms. Grant most recently served as Chief Legal & Innovation Officer at CSE Insurance Group. Previously, Ms. Grant served as the Head of Compliance & Legal at Hippo Insurance. In addition to her legal and compliance background, past leadership roles at Esurance, Kemper and GEICO burnished her credentials in mergers and acquisitions, corporate governance, and strategy. Announcement • Oct 28
Palomar Holdings, Inc. to Report Q3, 2020 Results on Nov 10, 2020 Palomar Holdings, Inc. announced that they will report Q3, 2020 results on Nov 10, 2020 Announcement • Oct 06
Palomar Holdings, Inc. Provides Earnings Guidance for the Third Quarter of 2020 Palomar Holdings, Inc. provided earnings guidance for the third quarter of 2020. The company announced estimated range of pretax catastrophe losses of $34 million to $38 million, net of reinsurance, in the third quarter of 2020. These estimates represent anticipated losses from Hurricanes Hanna, Isaias, Laura and Sally. Palomar’s loss estimates are subject to change due to the complexity of the claims and preliminary nature of the information available to prepare the estimates. In addition, Palomar’s financial closing and review procedures for the fiscal quarter are not yet complete. Updated loss estimates related to recent catastrophes will be reflected in Palomar’s third quarter 2020 results. Announcement • Jul 24
Palomar Holdings, Inc. to Report Q2, 2020 Results on Aug 04, 2020 Palomar Holdings, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 04, 2020