Welcome to our dedicated page for Palomar Holdings SEC filings (Ticker: PLMR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Palomar Holdings, Inc. filings document the regulatory record of a specialty property and casualty insurer with common stock listed on Nasdaq. Its 8-K reports disclose quarterly and annual results, including underwriting metrics, premium growth, loss ratios, combined ratios, non-GAAP measures and related earnings releases.
Palomar’s SEC filings also cover capital-structure and corporate matters, including share repurchase authorizations, credit facilities, material agreements and completed acquisition activity affecting its subsidiary base. Proxy materials document annual meeting proposals, board governance, executive compensation and stockholder voting matters, while Regulation FD filings provide investor presentation materials and risk-related disclosure language.
Palomar Holdings is asking stockholders to vote at its 2026 Annual Meeting on director elections, executive pay and auditor ratification. The meeting will be held on May 21, 2026 at the company’s La Jolla, California headquarters, with a March 31, 2026 record date.
Stockholders will elect two Class I directors, Daryl Bradley and Thomas Bradley, to terms running to the 2029 meeting, cast a non-binding advisory vote on compensation for named executive officers, and ratify Ernst & Young LLP as auditor for 2026. The Board recommends voting FOR all three proposals.
The proxy highlights a largely independent, diversified board, a phased declassification moving to annual director elections starting 2027, and multiple specialized committees covering audit, compensation, risk, sustainability and investments. Six of seven directors are independent, and the board conducts regular executive sessions without management.
Palomar underscores a pay-for-performance philosophy. Gross written premiums grew from $16.6 million at inception to $2.0 billion in 2025, and net income has compounded at 46% annually since 2016. For 2025, pre-tax adjusted net income reached $274.6 million, driving a 176% payout of target annual bonuses and 25.9% Adjusted ROE.
CEO Mac Armstrong’s 2025 total compensation was about $9.0 million, with roughly 83% deemed at-risk via bonuses and equity. Other named executives had about 72% of compensation at-risk. Long-term incentives are split between performance stock units tied to Adjusted ROE and gross written premiums, and time-vested restricted stock units.
The company reports strong support for its 2025 say-on-pay vote, with over 92% of votes cast in favor, and describes shareholder engagement that influenced design changes, including higher stock ownership guidelines and a relative total shareholder return modifier on PSU awards. Enhanced clawback, anti-hedging and stock ownership policies are also detailed.
PLMR reported a proposed sale of 6,250 restricted common shares under a Form 144 dated 04/15/2026, listed with the qualifier "Compensation". The filing also lists multiple recent dispositions by Mac Armstrong in the three months prior, including sales on 01/28/2026 (11,484 shares) and 03/23/2026 (3,500 shares).
Palomar Holdings, Inc. President Jon Christianson reported an open-market sale of 3,000 shares of common stock at $125.00 per share. After this transaction, he directly holds 62,919 shares of Palomar common stock. His holdings include 2,410 shares previously purchased under the company’s 2019 Employee Stock Purchase Plan.
Morgan Stanley Smith Barney LLC filed a Rule 144 notice listing 4,937 shares of Common Stock to be sold on 04/07/2026 following an exercise of stock options with cash settlement. The filing also records recent sales by Jon Christianson in January–February 2026 totaling several thousand shares and corresponding proceeds.
Palomar Holdings Inc Schedule 13G/A amendment shows The Vanguard Group reports beneficial ownership of 0 shares, representing 0% of the common stock. The filing explains an internal realignment effective January 12, 2026 under SEC Release No. 34-39538 that prompted disaggregated reporting by Vanguard subsidiaries. The form is signed by Ashley Grim on 03/27/2026.
Palomar Holdings, Inc. CEO and Chairman Mac Armstrong, through the Armstrong Family Trust, reported open-market sales of a total of 3,500 shares of common stock on March 23, 2026.
The shares were sold in multiple transactions at weighted average prices of $118.3340, $119.4680, $120.7757, and $121.7400, within intraday ranges from $117.84 to $122.11. Following these sales, the trust held 339,888 shares indirectly, and Armstrong also reported 99,006 shares held directly, which includes 2,754 shares purchased through the company’s 2019 Employee Stock Purchase Plan.
Armstrong Family Trust and Mac Armstrong reported multiple Rule 144 sales of Common Stock. The filing lists restricted stock units of 3,500 with an issuer date of 01/27/2026 and documents open‑market 10b5‑1 sales on 01/15/2026, 01/21/2026, 01/28/2026, 01/29/2026, 01/31/2026, and 02/12/2026
The entries show specific quantities and proceeds for each transaction (for example, 5,000 shares sold on 02/12/2026 for $612,997.50 and 11,484 shares sold on 01/28/2026 for $1,376,701.92), indicating affiliate sales executed under trading instructions. The broker listed is Morgan Stanley Smith Barney LLC.
Palomar Holdings, Inc. is a fast-growing specialty property and casualty insurer focused on earthquake, casualty, inland marine/other property, crop and fronting business. Gross written premiums reached $2.0 billion for the year ended December 31, 2025, up from $1.54 billion in 2024, with earthquake accounting for 28% of premiums and California representing 31% of 2025 premiums.
The company has been profitable since 2016 and reports 2014–2025 compound annual growth of about 55% in gross written premiums and 46% in net income, with 2025 ROE of 23.6% and adjusted ROE of 25.9%. Palomar continues to expand through new products and acquisitions, including FIA (surety), AAP (crop MGA), and Gray Surety, and supports this growth with a new unsecured $450 million credit facility maturing in 2031.
A comprehensive reinsurance program limits single-event pre-tax net losses to $20 million for earthquakes and $11 million for hurricanes, with earthquake coverage up to $3.1 billion and Hawaii hurricane coverage up to $735 million. Investments totaled about $1.35 billion at December 31, 2025, primarily high-grade fixed maturities. The filing also highlights a data-driven underwriting platform, multi-channel distribution, strong A.M. Best ratings for its insurance subsidiaries, and detailed risk factors including catastrophe exposure, climate change, reinsurance availability, and regulatory and technology risks.
Palomar Holdings, Inc. released an updated investor presentation highlighting strong 2025 growth and profitability. Gross written premiums reached $2,028,252,000, up 31.5%, while net income rose to $197,070,000, a 67.6% increase. Adjusted net income was $216,115,000, up 61.9%, with an adjusted combined ratio of 72.7% and adjusted return on equity of 25.9%.
Fourth quarter adjusted net income was $61,116,000, up 48.0%, and the adjusted combined ratio was 73.4%. The company closed the Gray Surety acquisition on January 31, 2026, described as modestly EPS accretive in 2026. For 2026, Palomar guides to adjusted net income of $260,000,000–$275,000,000, implying 24% growth at the midpoint and adjusted ROE above 20%.