Palomar Holdings, Inc.

PLMR · Fire, Marine & Casualty Insurance · 26.5M shares · +4%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: $7M (gross $22M, SBC $15M)

Reference price $112.72 · est. market cap ~$3.0B — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B80

Palomar Holdings — fast-growing specialty (earthquake/catastrophe) insurer.

Strengths

ROE 20.9% (76th pct), ROA (82nd); revenue +58%, net income +68%
Strong operating cash margin (84th); disciplined specialty underwriting

Risks

Catastrophe (earthquake/wind) concentration
Reinsurance-cost and reserve sensitivity

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $107M cash & investments
Insider sellingInsider selling — 57 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$9M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $203M2025-09-30 · $245M2025-12-31 · $253M2026-03-31 · $279M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

22.5%

Return on equity

20.9%

Return on assets

6.5%

Revenue growth (QoQ)

10.1%

Net-income growth

67.6%

Free cash flow

$409M

Tangible book value

$912M

Cash & investments

$107M

Stock comp / revenue

2.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-22	Armstrong Mac	Sell	1.5K	$113.28
2026-06-22	Armstrong Mac	Sell	2.0K	$112.72
2026-06-02	Notaras Martha	Option exercise	1.7K	$58.06
2026-05-21	Armstrong Mac	Sell	1.3K	$113.93
2026-05-21	Armstrong Mac	Sell	2.2K	$114.67
2026-05-21	Middleton Daina	Grant	1.3K	—
2026-05-21	Notaras Martha	Grant	1.3K	—
2026-05-21	Taketa Richard H	Grant	1.3K	—
2026-05-21	BEISER SCOTT L	Grant	869	—
2026-05-21	BEISER SCOTT L	Grant	1.3K	—
2026-05-21	Bradley Daryl	Grant	1.3K	—
2026-05-21	BRADLEY THOMAS A	Grant	1.3K	—
2026-05-21	Fallon Catriona M	Grant	1.3K	—
2026-05-18	Uchida T Christopher	Sell	783	$115.26
2026-05-18	Knutzen Jonathan	Option exercise	612	—
2026-05-18	Knutzen Jonathan	Sell	281	$115.26
2026-05-18	Uchida T Christopher	Option exercise	1.5K	—
2026-05-18	Christianson Jon	Option exercise	1.0K	—
2026-05-18	Christianson Jon	Sell	522	$115.26
2026-04-21	Armstrong Mac	Sell	678	$131.11
2026-04-21	Armstrong Mac	Sell	1.6K	$129.91
2026-04-21	Armstrong Mac	Sell	1.2K	$131.73
2026-04-15	Armstrong Mac	Option exercise	6.2K	—
2026-04-15	Armstrong Mac	Sell	3.2K	$129.46
2026-04-15	Christianson Jon	Option exercise	1.9K	$15.00
2026-04-15	Christianson Jon	Sell	1.9K	$128.59
2026-04-15	Christianson Jon	Sell	80	$129.33
2026-04-07	Christianson Jon	Sell	3.0K	$125.00
2026-04-07	Christianson Jon	Option exercise	3.0K	$15.00
2026-04-07	Christianson Jon	Sell	3.0K	$125.00
2026-03-23	Armstrong Mac	Sell	400	$118.33
2026-03-23	Armstrong Mac	Sell	500	$119.47
2026-03-23	Armstrong Mac	Sell	1.6K	$120.78
2026-03-23	Armstrong Mac	Sell	978	$121.74
2026-02-18	Uchida T Christopher	Option exercise	1.5K	—
2026-02-18	Uchida T Christopher	Sell	783	$128.04
2026-02-18	Christianson Jon	Option exercise	1.0K	—
2026-02-18	Christianson Jon	Sell	522	$128.04
2026-02-18	Knutzen Jonathan	Option exercise	612	—
2026-02-18	Knutzen Jonathan	Sell	281	$128.04
2026-02-12	Armstrong Mac	Sell	300	$117.58
2026-02-12	Armstrong Mac	Sell	1.1K	$119.42
2026-02-12	Armstrong Mac	Sell	500	$120.57
2026-02-12	Armstrong Mac	Sell	246	$121.32
2026-02-12	Armstrong Mac	Sell	1.3K	$123.63
2026-02-12	Armstrong Mac	Sell	1.0K	$124.78
2026-02-12	Armstrong Mac	Sell	100	$126.15
2026-02-12	Armstrong Mac	Sell	423	$128.25
2026-01-31	Uchida T Christopher	Option exercise	1.1K	—
2026-01-31	Armstrong Mac	Sell	2.2K	$121.74
2026-01-31	Armstrong Mac	Option exercise	4.3K	—
2026-01-31	Knutzen Jonathan	Sell	290	$121.74
2026-01-31	Knutzen Jonathan	Option exercise	890	—
2026-01-31	Uchida T Christopher	Sell	545	$121.74
2026-01-31	Christianson Jon	Option exercise	995	—
2026-01-31	Grant Angela L.	Sell	260	$121.75
2026-01-31	Grant Angela L.	Option exercise	713	—
2026-01-31	Christianson Jon	Sell	515	$121.75
2026-01-29	Christianson Jon	Option exercise	1.3K	—
2026-01-29	Knutzen Jonathan	Option exercise	1.2K	—
2026-01-29	Knutzen Jonathan	Sell	381	$122.04
2026-01-29	Grant Angela L.	Option exercise	1.1K	—
2026-01-29	Grant Angela L.	Sell	397	$122.04
2026-01-29	Carter Timothy	Option exercise	610	—
2026-01-29	Carter Timothy	Sell	254	$122.04
2026-01-29	Herve Rodolphe	Option exercise	1.0K	—
2026-01-29	Herve Rodolphe	Sell	425	$122.04
2026-01-29	Grant Angela L.	Option exercise	1.0K	—
2026-01-29	Grant Angela L.	Sell	365	$122.04
2026-01-29	Knutzen Jonathan	Option exercise	1.4K	—
2026-01-29	Knutzen Jonathan	Sell	444	$122.04
2026-01-29	Armstrong Mac	Option exercise	4.8K	—
2026-01-29	Armstrong Mac	Sell	2.5K	$122.04
2026-01-29	Armstrong Mac	Option exercise	5.7K	—
2026-01-29	Armstrong Mac	Sell	2.9K	$122.04
2026-01-29	Uchida T Christopher	Option exercise	1.4K	—
2026-01-29	Uchida T Christopher	Sell	511	$122.04
2026-01-29	Uchida T Christopher	Option exercise	1.9K	—
2026-01-29	Uchida T Christopher	Sell	815	$122.04
2026-01-29	Christianson Jon	Sell	481	$122.04
2026-01-29	Christianson Jon	Option exercise	1.8K	—
2026-01-29	Christianson Jon	Sell	677	$122.04
2026-01-28	Christianson Jon	Option exercise	5.3K	—
2026-01-28	Christianson Jon	Sell	2.0K	$119.88
2026-01-28	Armstrong Mac	Option exercise	23K	—
2026-01-28	Armstrong Mac	Sell	11K	$119.88
2026-01-28	Grant Angela L.	Option exercise	3.8K	—
2026-01-28	Grant Angela L.	Sell	1.4K	$119.88
2026-01-28	Uchida T Christopher	Option exercise	5.7K	—
2026-01-28	Uchida T Christopher	Sell	2.1K	$119.88
2026-01-28	Knutzen Jonathan	Option exercise	4.8K	—
2026-01-28	Knutzen Jonathan	Sell	1.5K	$119.88
2026-01-21	Armstrong Mac	Sell	1.7K	$128.67
2026-01-21	Armstrong Mac	Sell	41	$130.29
2026-01-21	Armstrong Mac	Sell	1.0K	$127.84
2026-01-21	Armstrong Mac	Sell	2.3K	$129.75
2026-01-15	Armstrong Mac	Option exercise	6.2K	—
2026-01-15	Armstrong Mac	Sell	2.3K	$130.00
2025-12-23	Christianson Jon	Sell	100	$139.50
2025-12-23	Christianson Jon	Option exercise	1.3K	$98.95
2025-12-23	Christianson Jon	Sell	1.3K	$139.50
2025-12-23	Christianson Jon	Option exercise	100	$49.53
2025-12-23	Christianson Jon	Option exercise	100	$97.87
2025-12-23	Christianson Jon	Sell	100	$139.50
2025-12-23	Christianson Jon	Option exercise	200	$87.51
2025-12-23	Christianson Jon	Sell	200	$139.50
2025-12-22	Armstrong Mac	Sell	800	$135.04
2025-12-22	Armstrong Mac	Sell	11	$137.64
2025-12-22	Armstrong Mac	Sell	1.8K	$137.15
2025-12-22	Armstrong Mac	Sell	2.4K	$135.95
2025-12-12	Fallon Catriona M	Option exercise	1.3K	$23.46
2025-11-21	Armstrong Mac	Sell	876	$123.98
2025-11-21	Armstrong Mac	Sell	3.1K	$123.01
2025-11-21	Armstrong Mac	Sell	700	$121.87
2025-11-21	Armstrong Mac	Sell	300	$120.34
2025-11-18	Knutzen Jonathan	Sell	281	$128.84
2025-11-18	Christianson Jon	Sell	522	$128.84
2025-11-18	Christianson Jon	Option exercise	1.0K	—
2025-11-18	Uchida T Christopher	Sell	782	$128.84
2025-11-18	Knutzen Jonathan	Option exercise	612	—
2025-11-18	Uchida T Christopher	Option exercise	1.5K	—
2025-11-14	Armstrong Mac	Gift	4.0K	—
2025-10-21	Armstrong Mac	Sell	63	$113.10
2025-10-21	Armstrong Mac	Sell	2.9K	$115.62
2025-10-21	Armstrong Mac	Sell	2.0K	$114.94
2025-10-15	Armstrong Mac	Option exercise	6.2K	—
2025-10-15	Armstrong Mac	Sell	3.2K	$116.10
2025-09-22	Armstrong Mac	Sell	2.7K	$116.42
2025-09-22	Armstrong Mac	Sell	2.3K	$115.54
2025-08-21	Armstrong Mac	Sell	1.0K	$126.09
2025-08-21	Armstrong Mac	Sell	600	$125.13
2025-08-21	Armstrong Mac	Sell	3.4K	$126.95
2025-08-20	Uchida T Christopher	Sell	500	$121.59
2025-08-19	Taketa Richard H	Buy	500	$120.76
2025-08-18	Christianson Jon	Sell	521	$120.13
2025-08-18	Uchida T Christopher	Option exercise	1.5K	—
2025-08-18	Uchida T Christopher	Sell	782	$120.13
2025-08-18	Knutzen Jonathan	Option exercise	612	—
2025-08-18	Christianson Jon	Option exercise	1.0K	—
2025-08-18	Knutzen Jonathan	Sell	281	$120.13
2025-08-18	Taketa Richard H	Buy	500	$121.14
2025-08-07	Notaras Martha	Buy	100	$119.92
2025-07-31	Herve Rodolphe	Sell	397	$130.10
2025-07-31	Herve Rodolphe	Option exercise	2.0K	—
2025-07-31	Herve Rodolphe	Sell	733	$130.10
2025-07-31	Herve Rodolphe	Option exercise	1.1K	—
2025-07-21	Armstrong Mac	Sell	1.7K	$141.32
2025-07-21	Armstrong Mac	Sell	498	$138.85
2025-07-21	Armstrong Mac	Sell	2.1K	$140.00
2025-07-21	Armstrong Mac	Sell	100	$141.77
2025-07-21	Armstrong Mac	Sell	602	$137.75
2025-07-16	Uchida T Christopher	Sell	500	$143.10
2025-07-15	Armstrong Mac	Option exercise	6.2K	—
2025-07-15	Armstrong Mac	Sell	3.2K	$143.10
2025-06-28	Carter Timothy	Option exercise	820	—
2025-06-28	Carter Timothy	Option exercise	492	—
2025-06-28	Carter Timothy	Sell	178	$153.65
2025-06-28	Carter Timothy	Sell	295	$153.65
2025-06-23	Armstrong Mac	Sell	5.0K	$158.14
2025-06-18	Uchida T Christopher	Sell	500	$158.69
2025-05-22	Fallon Catriona M.	Grant	715	—
2025-05-22	Bradley Daryl	Grant	715	—
2025-05-22	Middleton Daina	Grant	715	—
2025-05-22	BRADLEY THOMAS A	Grant	715	—
2025-05-22	Taketa Richard H	Grant	715	—
2025-05-22	Notaras Martha	Grant	715	—
2025-05-21	Uchida T Christopher	Sell	500	$159.77
2025-05-21	Armstrong Mac	Sell	5.0K	$161.96
2025-05-18	Uchida T Christopher	Sell	782	$159.03
2025-05-18	Christianson Jon	Sell	521	$159.03
2025-05-18	Knutzen Jonathan	Option exercise	612	—
2025-05-18	Knutzen Jonathan	Sell	281	$159.03
2025-05-18	Uchida T Christopher	Option exercise	1.5K	—
2025-05-18	Christianson Jon	Option exercise	1.0K	—
2025-04-21	Armstrong Mac	Sell	430	$144.16
2025-04-21	Armstrong Mac	Sell	400	$148.86
2025-04-21	Armstrong Mac	Sell	600	$148.28
2025-04-21	Armstrong Mac	Sell	300	$147.01
2025-04-21	Armstrong Mac	Sell	2.1K	$143.49
2025-04-21	Armstrong Mac	Sell	1.2K	$146.24
2025-04-16	Uchida T Christopher	Sell	500	$153.04
2025-04-15	Armstrong Mac	Option exercise	6.2K	—
2025-04-15	Armstrong Mac	Sell	3.2K	$153.04
2025-04-14	Uchida T Christopher	Sell	1.0K	$150.24
2025-04-09	Uchida T Christopher	Sell	1.0K	$144.00
2025-03-31	Uchida T Christopher	Sell	1.0K	$139.00
2025-03-21	Armstrong Mac	Sell	4.6K	$129.66
2025-03-21	Armstrong Mac	Sell	424	$130.30
2025-03-17	Uchida T Christopher	Sell	1.0K	$134.00
2025-03-14	Christianson Jon	Sell	3.6K	$129.19
2025-03-14	Uchida T Christopher	Option exercise	2.5K	$49.53
2025-03-14	Uchida T Christopher	Sell	1.8K	$128.22
2025-03-14	Uchida T Christopher	Sell	1.4K	$129.06
2025-03-14	Uchida T Christopher	Sell	1.2K	$130.42
2025-03-14	Uchida T Christopher	Sell	591	$131.36
2025-03-14	Christianson Jon	Option exercise	18K	$15.00
2025-03-14	Christianson Jon	Sell	935	$128.26
2025-03-14	Christianson Jon	Sell	6.1K	$130.40
2025-03-14	Christianson Jon	Sell	7.4K	$131.19
2025-03-11	Grant Angela L.	Option exercise	103	$49.53
2025-03-11	Grant Angela L.	Option exercise	51	$49.53
2025-03-11	Grant Angela L.	Sell	2.1K	$125.98
2025-03-11	Grant Angela L.	Sell	297	$125.98
2025-03-11	Grant Angela L.	Option exercise	143	$66.10
2025-03-05	Armstrong Mac	Sell	3.2K	$128.83
2025-03-05	Armstrong Mac	Sell	300	$130.64
2025-03-05	Armstrong Mac	Sell	1.5K	$129.68
2025-02-28	BRADLEY THOMAS A	Option exercise	1.3K	—
2025-02-19	Uchida T Christopher	Sell	1.0K	$123.26
2025-02-18	Christianson Jon	Sell	368	$123.26
2025-02-18	Knutzen Jonathan	Sell	189	$123.26
2025-02-18	Christianson Jon	Option exercise	1.0K	—
2025-02-18	Knutzen Jonathan	Option exercise	612	—
2025-02-18	Uchida T Christopher	Option exercise	1.5K	—
2025-02-18	Uchida T Christopher	Sell	552	$123.26
2025-02-13	Uchida T Christopher	Sell	2.4K	$119.00
2025-02-13	Uchida T Christopher	Sell	1.4K	$114.55
2025-01-31	Uchida T Christopher	Sell	390	$104.47
2025-01-31	Grant Angela L.	Sell	264	$104.53
2025-01-31	Knutzen Jonathan	Option exercise	890	—
2025-01-31	Knutzen Jonathan	Sell	282	$104.46
2025-01-31	Armstrong Mac	Option exercise	4.3K	—
2025-01-31	Armstrong Mac	Sell	2.2K	$104.50
2025-01-31	Christianson Jon	Option exercise	996	—
2025-01-31	Christianson Jon	Sell	356	$104.51
2025-01-31	Uchida T Christopher	Option exercise	1.1K	—
2025-01-31	Grant Angela L.	Option exercise	712	—
2025-01-29	Knutzen Jonathan	Sell	379	$108.34
2025-01-29	Grant Angela L.	Sell	397	$122.04
2025-01-29	Knutzen Jonathan	Sell	381	$122.04
2025-01-29	Knutzen Jonathan	Option exercise	1.2K	—
2025-01-29	Grant Angela L.	Option exercise	1.1K	—
2025-01-29	Grant Angela L.	Sell	394	$108.34
2025-01-29	Knutzen Jonathan	Option exercise	1.2K	—
2025-01-29	Christianson Jon	Option exercise	1.3K	—
2025-01-29	Christianson Jon	Sell	478	$108.34
2025-01-29	Armstrong Mac	Option exercise	4.8K	—
2025-01-29	Armstrong Mac	Sell	2.4K	$108.34
2025-01-29	Uchida T Christopher	Option exercise	1.4K	—
2025-01-29	Uchida T Christopher	Sell	507	$108.34
2025-01-29	Grant Angela L.	Option exercise	1.1K	—
2025-01-26	Grant Angela L.	Option exercise	656	—
2025-01-26	Grant Angela L.	Sell	239	$101.70
2025-01-26	Grant Angela L.	Option exercise	1.3K	—
2025-01-26	Grant Angela L.	Sell	478	$101.70
2025-01-26	Knutzen Jonathan	Option exercise	889	—
2025-01-26	Knutzen Jonathan	Sell	278	$101.69
2025-01-26	Uchida T Christopher	Option exercise	1.1K	—
2025-01-26	Uchida T Christopher	Sell	394	$101.69
2025-01-26	Armstrong Mac	Option exercise	5.4K	—
2025-01-26	Armstrong Mac	Sell	2.8K	$101.69
2025-01-26	Christianson Jon	Option exercise	1.0K	—
2025-01-26	Christianson Jon	Sell	371	$101.69
2025-01-22	Uchida T Christopher	Sell	1.0K	$109.65
2025-01-21	Armstrong Mac	Sell	4.9K	$109.55
2025-01-21	Armstrong Mac	Sell	1.9K	$110.14
2025-01-21	Armstrong Mac	Sell	245	$110.92
2025-01-15	Armstrong Mac	Option exercise	6.2K	—
2025-01-15	Armstrong Mac	Sell	3.2K	$109.27
2025-01-01	Grant Angela L.	Option exercise	3.9K	—
2025-01-01	Christianson Jon	Sell	819	$105.86
2025-01-01	Knutzen Jonathan	Option exercise	1.8K	—
2025-01-01	Knutzen Jonathan	Sell	636	$105.86
2025-01-01	Christianson Jon	Option exercise	2.0K	—
2025-01-01	Grant Angela L.	Sell	1.5K	$105.86
2025-01-01	Armstrong Mac	Option exercise	11K	—
2025-01-01	Armstrong Mac	Sell	4.2K	$105.86
2025-01-01	Uchida T Christopher	Option exercise	2.2K	—
2025-01-01	Uchida T Christopher	Sell	864	$105.86

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-29	Reg FDOtherExhibits	filing ↗
2026-05-26	Exec/director changeShareholder voteReg FD	filing ↗
2026-05-06	ResultsOther	filing ↗
2026-02-23	Reg FDExhibits	filing ↗
2026-02-11	ResultsExhibits	filing ↗
2026-02-02	Material agreementAcquisition/dispositionDebt obligationReg FDExhibits	filing ↗
2025-11-06	ResultsExhibits	filing ↗
2025-10-30	Material agreementReg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-29	2026-05-29	0001193125-26-246399 ↗
8-K	2026-05-26	2026-05-21	0001193125-26-239334 ↗
10-Q	2026-05-08	2026-03-31	0001193125-26-212569 ↗
8-K	2026-05-06	2026-05-06	0001193125-26-209013 ↗
10-K	2026-02-24	2025-12-31	0001193125-26-067364 ↗
8-K	2026-02-23	2026-02-23	0001193125-26-064398 ↗
8-K	2026-02-11	2026-02-11	0001193125-26-046585 ↗
8-K	2026-02-02	2026-02-02	0001193125-26-033708 ↗
10-Q	2025-11-07	2025-09-30	0001193125-25-272277 ↗
8-K	2025-11-06	2025-11-06	0001193125-25-269606 ↗
8-K	2025-10-30	2025-10-27	0001193125-25-258571 ↗
10-Q	2025-08-05	2025-06-30	0000950170-25-103234 ↗