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Palomar Holdings

Nasdaq:PLMR
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PLMR
Nasdaq
$505M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Palomar Holdings, Inc. provides specialty property insurance. The last earnings update was 157 days ago. More info.


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PLMR Share Price and Events
7 Day Returns
15.4%
NasdaqGS:PLMR
0.7%
US Insurance
-0.7%
US Market
1 Year Returns
-
NasdaqGS:PLMR
7.1%
US Insurance
3%
US Market
PLMR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Palomar Holdings (PLMR) 15.4% 20.5% - - - -
US Insurance 0.7% 1.6% 6% 7.1% 32.7% 45.5%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on PLMR.
  • No trading data on PLMR.
Price Volatility
Industry
5yr Volatility vs Market

PLMR Value

 Is Palomar Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Palomar Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Palomar Holdings.

NasdaqGS:PLMR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $10.97 * 20.2%
$2.21
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $10.97
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PLMR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.734 (1 + (1- 21%) (3.39%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.835 * 5.96%)
7.71%

Discounted Cash Flow Calculation for NasdaqGS:PLMR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Palomar Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:PLMR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (20.2% – 7.71%) * $10.97)
$1.37
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.37 / (7.71% - 2.73%)
$27.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $10.97 + $27.50
$38.47
NasdaqGS:PLMR Discount to Share Price
Calculation Result
Value per share (USD) From above. $38.47
Current discount Discount to share price of $22.30
= -1 x ($22.30 - $38.47) / $38.47
42%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Palomar Holdings is available for.
Intrinsic value
42%
Share price is $22.3 vs Future cash flow value of $38.47
Current Discount Checks
For Palomar Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Palomar Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Palomar Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Palomar Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Palomar Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PLMR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in USD $0.22
NasdaqGS:PLMR Share Price ** NasdaqGS (2019-05-17) in USD $22.3
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 16.69x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Palomar Holdings.

NasdaqGS:PLMR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PLMR Share Price ÷ EPS (both in USD)

= 22.3 ÷ 0.22

100.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Palomar Holdings is overvalued based on earnings compared to the US Insurance industry average.
  • Palomar Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Palomar Holdings's expected growth come at a high price?
Raw Data
NasdaqGS:PLMR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 100.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
47.9%per year
United States of America Insurance Industry PEG Ratio Median Figure of 67 Publicly-Listed Insurance Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:PLMR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 100.21x ÷ 47.9%

2.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Palomar Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Palomar Holdings's assets?
Raw Data
NasdaqGS:PLMR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in USD $4.61
NasdaqGS:PLMR Share Price * NasdaqGS (2019-05-17) in USD $22.3
United States of America Insurance Industry PB Ratio Median Figure of 119 Publicly-Listed Insurance Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:PLMR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PLMR Share Price ÷ Book Value per Share (both in USD)

= 22.3 ÷ 4.61

4.83x

* Primary Listing of Palomar Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Palomar Holdings is overvalued based on assets compared to the US Insurance industry average.
X
Value checks
We assess Palomar Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Palomar Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PLMR Future Performance

 How is Palomar Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Palomar Holdings expected to grow at an attractive rate?
  • Palomar Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Palomar Holdings's earnings growth is expected to exceed the United States of America market average.
  • Palomar Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PLMR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PLMR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 47.9%
NasdaqGS:PLMR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 23.5%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PLMR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PLMR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 165 53 2
2020-12-31 144 44 4
2019-12-31 108 20 4
2018-12-31
NasdaqGS:PLMR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-12-31 59 20 4
2016-12-31 43 16 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Palomar Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Palomar Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PLMR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Palomar Holdings Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLMR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.32 2.45 2.20 3.00
2020-12-31 1.90 2.00 1.83 5.00
2019-12-31 0.78 1.58 0.49 4.00
2018-12-31
NasdaqGS:PLMR Past Financials Data
Date (Data in USD Millions) EPS *
2017-12-31 0.22
2016-12-31 0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Palomar Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Palomar Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Palomar Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PLMR Past Performance

  How has Palomar Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Palomar Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Palomar Holdings's year on year earnings growth rate was positive over the past 5 years.
  • Palomar Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Palomar Holdings's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.
Earnings and Revenue History
Palomar Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Palomar Holdings Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PLMR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 59.47 3.78
2016-12-31 42.70 6.61

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Palomar Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Palomar Holdings used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
  • Unable to establish if Palomar Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Palomar Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Palomar Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PLMR Health

 How is Palomar Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Palomar Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Palomar Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Palomar Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Palomar Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Palomar Holdings Company Filings, last reported 1 year ago.

NasdaqGS:PLMR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 78.41 17.09 10.78
2016-12-31 73.11 16.97 9.76
  • Palomar Holdings's level of debt (21.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Palomar Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (118.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Palomar Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Palomar Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PLMR Dividends

 What is Palomar Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Palomar Holdings dividends.
If you bought $2,000 of Palomar Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Palomar Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Palomar Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PLMR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PLMR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Palomar Holdings has not reported any payouts.
  • Unable to verify if Palomar Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Palomar Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Palomar Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Palomar Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Palomar Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Palomar Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PLMR Management

 What is the CEO of Palomar Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mac Armstrong
COMPENSATION $852,057
TENURE AS CEO 5.3 years
CEO Bio

Mr. David McDonald Armstrong, also known as Mac, is Founder, Chairman and Chief Executive Officer at Palomar Insurance Holdings, Inc. He Founded Palomar Specialty Insurance Company in 1963 and serves as its Chief Executive Officer and Chairman of the Board. Mr. Armstrong served as the President at Arrowhead General Insurance Agency, Inc. Mr. Armstrong served as Chief Financial Officer, Chief Operating Officer and Executive Vice President of Arrowhead General Insurance Agency, Inc. He served as a Principal at Spectrum Equity Management, L.P. (also known as Spectrum Equity Investors), Spectrum Equity Investors V, L.P. and Spectrum Equity Investors IV, L.P. He joined Spectrum Equity Investors in March 2000 and worked from its Menlo Park office. Mr. Armstrong has been involved with Spectrum Equity Investors’ investments in AMC Entertainment Inc., Arrowhead General Insurance Agency, Inc., CBD Media LLC, Nassau Broadcasting Partners, LP, QTC Management, Inc., RJ 0'Brien & Associates, Apprise Media, LLC, Loews Cineplex Entertainment, Network Telephone, Arrowhead Group, and Paytrust. He served as a Manager of Business Development at Evant, Inc. or Nonstop Solutions Inc., where Mr. Armstrong focused on strategic and corporate development. He was also a Financial Analyst in the Media, Communications, and Technology Group of Deutsche Bank Alex. Brown Inc. (also known as BT Alex Brown & Sons), where Mr. Armstrong worked on mergers and acquisitions and both public and private equity offerings. He has been a Director at Arrowhead General Insurance Agency, Inc. and American Claims Management, Inc., Apprise Media LLC and Nassau Broadcasting Partners, L.P. He served as Director of QTC Management, Inc. Mr. Armstrong is a member of the San Diego Chapter of the Young President’ Organization (“YPO”) and is a member of the Board of Trustees of the Gillispie School. He earned an A.B. degree in History from Princeton University. He is Co-Founder of Palomar Holdings, Inc. and has been its Chief Executive Officer and Director since February 2014.

CEO Compensation
  • Insufficient data for Mac to compare compensation growth.
  • Mac's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Palomar Holdings management team in years:

5.3
Average Tenure
44.5
Average Age
  • The average tenure for the Palomar Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mac Armstrong

TITLE
Co-Founder
COMPENSATION
$852K
TENURE
5.3 yrs

Heath Fisher

TITLE
Co-Founder & President
COMPENSATION
$607K
AGE
44
TENURE
5.3 yrs

Jon Christianson

TITLE
Chief Operating Officer
COMPENSATION
$499K
AGE
38
TENURE
5.3 yrs

Chris Uchida

TITLE
CFO & Corporate Secretary
AGE
45
TENURE
1.7 yrs

Andy Robinson

TITLE
Chief Underwriting Officer
AGE
55
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Palomar Holdings board of directors in years:

0.2
Average Tenure
70
Average Age
  • The average tenure for the Palomar Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

J. Clark

TITLE
Chairman of the Board
TENURE
0.2 yrs

Mac Armstrong

TITLE
Co-Founder
COMPENSATION
$852K
TENURE
5.3 yrs

Rick Taketa

TITLE
Director
AGE
46
TENURE
0.2 yrs

Geoff Miller

TITLE
Director
TENURE
0.2 yrs

Bob Dowdell

TITLE
Director
AGE
72
TENURE
0.2 yrs

George Estes

TITLE
Director
AGE
70
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Palomar Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Palomar Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PLMR News

Simply Wall St News

PLMR Company Info

Description

Palomar Holdings, Inc. provides specialty property insurance. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, hawaii hurricane, residential flood, and real estate investor. Palomar Holdings, Inc. was formerly known as GC Palomar Holdings. The company was incorporated in 2013 and is based in La Jolla, California. Palomar Holdings, Inc. is a subsidiary of Genstar Capital.

Details
Name: Palomar Holdings, Inc.
PLMR
Exchange: NasdaqGS
Founded: 2013
$504,537,500
22,625,000
Website: http://www.palomarspecialty.com
Address: Palomar Holdings, Inc.
7979 Ivanhoe Avenue,
Suite 500,
La Jolla,
California, 92037,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PLMR Common Stock Nasdaq Global Select US USD 17. Apr 2019
DB PH8 Common Stock Deutsche Boerse AG DE EUR 17. Apr 2019
Number of employees
Current staff
Staff numbers
0
Palomar Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 03:38
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2018/12/14
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.