- Investing.com
Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.
Niche Market Leade | Palomar Holdings excels in underserved insurance markets, leveraging advanced analytics and a robust reinsurance program for impressive growth and risk management |
Q2 2024 Highlights | Explore Palomar's Q2 2024 performance, surpassing estimates with $1.25 EPS and $122M NEP, despite challenges in loss and expense ratios |
Growth Trajectory | Delve into Palomar's raised 2024 guidance of $124M-$130M adjusted net income, reflecting confidence in sustained growth amid potential challenges |
Valuation Insights | Learn about Palomar's premium valuation at 4.1x book value vs. peer median of 2.7x, with JMP Securities maintaining a Market Perform rating |
Metrics to compare | PLMR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPLMRPeersSector | |
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P/E Ratio | 26.4x | −6.3x | 8.7x | |
PEG Ratio | 0.54 | −0.11 | 0.03 | |
Price/Book | 4.1x | 2.5x | 1.0x | |
Price / LTM Sales | 5.7x | 2.4x | 2.8x | |
Upside (Analyst Target) | 2.5% | 2.9% | 10.7% | |
Fair Value Upside | Unlock | 16.6% | 2.5% | Unlock |