Palomar Holdings Inc

NASDAQ:PLMR

Palomar Holdings is a specialty property and casualty insurer. It writes policies for risks that many standard insurers avoid, especially earthquake coverage, but also other niche property lines such as homeowners, commercial property, and marine-related risks. It sells protection through insurance agents, brokers, and other distribution partners, rather than directly to most customers. The company makes money mainly by collecting premiums and investing the money it holds before claims are paid. When customers file covered claims, Palomar pays them from its insurance reserves. Its business depends on careful underwriting, pricing risk correctly, and keeping losses in check, because it focuses on hazards that can produce large and sudden claims. What makes Palomar different is its role as a specialist carrier in hard-to-insure markets. Instead of competing as a broad, one-size-fits-all insurer, it targets specific property risks where it can use data, risk selection, and reinsurance to manage exposure. Its main customers are homeowners, property owners, and businesses that need coverage for risks the larger standard insurers may not want to write.