Palomar Holdings, Inc. operates as a specialty property and casualty insurer, focusing on underserved and catastrophe-exposed markets in the United States. Founded in 2014, the company generates revenue primarily through underwriting premiums across five core product categories: Earthquake, Casualty, Inland Marine and Other Property, Crop, and Fronting. Palomar distributes its products through multiple channels, including retail agents, program administrators, wholesale brokers, and strategic partnerships with other insurance companies. The company operates in both the admitted and excess and surplus (E&S) lines markets, leveraging proprietary data analytics and a modern technology platform to offer flexible products with granular pricing. By concentrating on niche markets that larger, standard carriers often avoid—such as earthquake coverage in California and hurricane/wind coverage in coastal states—Palomar maintains a distinct competitive position. The company mitigates its exposure to severe catastrophe events through a comprehensive reinsurance program, allowing it to manage risk while sustaining rapid premium growth and high profitability margins.
