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Palomar Specialty

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Palomar Specialty 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. 

TypePublic
Founded2014
HQSan Diego, CA, USMap
Websitepalomarspecialty.com
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Latest Updates

Employees (est.) (Jun 2019)65(+2%)
Revenue (FY, 2019)$113.3 M(+56%)
Share Price (Jan 2021)$98.1 (-4%)
Cybersecurity ratingCMore

Key People/Management at Palomar Specialty

Mac Armstrong

Mac Armstrong

Chief Executive Officer, Founder and Chairman of the Board
Heath Fisher

Heath Fisher

Co-Founder, President
Jon Christianson

Jon Christianson

Chief Underwriting Officer
Robert E. Dowdell

Robert E. Dowdell

Director
Chris Uchida

Chris Uchida

Chief Financial Officer
Kyle Morgan

Kyle Morgan

Senior Vice President, Corporate Development & Strategy
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Palomar Specialty Office Locations

Palomar Specialty has an office in San Diego
San Diego, CA, US (HQ)
7979 Ivanhoe Ave #500, La Jolla
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Palomar Specialty Financials and Metrics

Palomar Specialty Revenue

Palomar Specialty's revenue was reported to be $113.30 m in FY, 2019
USD

Revenue (Q2, 2020)

43.1m

Net income (Q2, 2020)

12.0m

Market capitalization (15-Jan-2021)

2.5b

Closing stock price (15-Jan-2021)

98.1

Cash (30-Jun-2020)

109.3m
Palomar Specialty's current market capitalization is $2.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

42.7m59.5m73.0m113.3m

Revenue growth, %

39%23%

Cost of goods sold

5.6m

Gross profit

107.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

22.3m25.9m30.5m38.0m43.1m

Cost of goods sold

316.0k643.0k2.4m1.9m

Gross profit

22.0m25.3m28.0m36.2m

Gross profit Margin, %

99%98%92%95%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

10.8m9.5m33.1m

Prepaid Expenses

1.3m5.9m14.9m

PP&E

827.0k947.0k845.0k

Total Assets

188.4m231.1m395.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

10.5m14.4m16.5m23.8m109.3m

Prepaid Expenses

8.3m9.1m10.4m13.6m26.3m

PP&E

921.0k886.0k860.0k811.0k791.0k

Total Assets

246.2m349.4m372.8m443.6m584.1m
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

6.6m3.8m18.2m10.6m

Depreciation and Amortization

177.0k274.0k655.0k216.0k

Accounts Payable

1.8m2.2m2.7m3.3m

Cash From Operating Activities

15.8m20.2m22.8m41.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash From Operating Activities

2.5m16.9m35.7m21.8m24.5m

Purchases of PP&E

(27.0k)(44.0k)(72.0k)(24.0k)(63.0k)

Cash From Investing Activities

3.6m(74.2m)(91.0m)(66.9m)(75.1m)

Long-term Borrowings

(20.0m)
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Palomar Specialty Acquisitions / Subsidiaries

Company NameDateDeal Size
Palomar Insurance Holdings
Palomar Specialty Insurance Company
Palomar Specialty Reinsurance Company Bermuda

Palomar Specialty Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

Learn more about our premium products
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Palomar Specialty Online and Social Media Presence

Palomar Specialty's Trends

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Palomar Specialty Blogs

January 13, 2021

California faces an under-insurance crisis. Here’s how to fix it.

By Bill Bold, Chief Strategy Officer California is well-known for earthquakes. From San Francisco in 1906 to Northridge in 1994, the state has experienced its share of large seismic events, several of which have caused massive damage and loss of life. In the 21st century alone, there have been ten e…
January 12, 2021

Palomar Appoints Mark Brose as Chief Technology Officer

LA JOLLA, Calif. (January 12, 2021) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Mark Brose has been appointed Chief Technology Officer. Mr. Brose will report directly to his successor, the Company’s Chief Operating Officer, Britt Morries, who assumed the role…
January 08, 2021

Palomar Launches New Brand Identity, Corporate Website, and Logo

LA JOLLA, Calif., Jan. 06, 2021 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today debuted the Company’s new branding aesthetic, corporate website, and logo. The new brand reinforces the Company’s mission, vision and values. “Since inception, we have been on a jou…
January 07, 2021

Palomar Promotes Michelle Johnson to Chief Talent & Diversity Officer

LA JOLLA, Calif., Jan. 04, 2021 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Michelle Johnson has been promoted to Chief Talent & Diversity Officer, effective immediately. Ms. Johnson was previously Senior Vice President of People & Ta…
November 10, 2020

Palomar Holdings, Inc. Reports Third Quarter 2020 Results

Palomar Holdings, Inc. Reports Third Quarter 2020 Results LA JOLLA, Calif., November 10, 2020  –  Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) reported a net loss of $15.7 million, or $0.62 per diluted share, for the third quarter of … Continued
October 05, 2020

Palomar Holdings, Inc. Estimates Third Quarter Catastrophe Losses

Palomar Holdings, Inc. Estimates Third Quarter Catastrophe Losses LA JOLLA, Calif., October 5, 2020 (GLOBE NEWSWIRE) – Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced estimated range of pretax catastrophe losses of $34 million to $38 million, net of … Continued
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 Palomar Specialty Frequently Asked Questions

  • When was Palomar Specialty founded?

    Palomar Specialty was founded in 2014.

  • Who are Palomar Specialty key executives?

    Palomar Specialty's key executives are Mac Armstrong, Heath Fisher and Jon Christianson.

  • How many employees does Palomar Specialty have?

    Palomar Specialty has 65 employees.

  • What is Palomar Specialty revenue?

    Latest Palomar Specialty annual revenue is $113.3 m.

  • What is Palomar Specialty revenue per employee?

    Latest Palomar Specialty revenue per employee is $1.7 m.

  • Who are Palomar Specialty competitors?

    Competitors of Palomar Specialty include Lloyd's, Beacon Insurance Brokers and India Insure.

  • Where is Palomar Specialty headquarters?

    Palomar Specialty headquarters is located at 7979 Ivanhoe Ave #500, La Jolla, San Diego.

  • Where are Palomar Specialty offices?

    Palomar Specialty has an office in San Diego.

  • How many offices does Palomar Specialty have?

    Palomar Specialty has 1 office.