Palomar Holdings Inc. (PH8)
XFRA 
Summary
PH8 Chart
Why Palomar (PLMR) is a Top Momentum Stock for the Long-Term
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PLMR Outperforms Industry, Trades Near 52-Week High: Time to Exit?
Palomar's underwriting discipline, premium growth and diversified specialty platform support growth, while catastrophe losses and higher expenses remain risks.
Palomar (PLMR) Recently Broke Out Above the 200-Day Moving Average
From a technical perspective, Palomar (PLMR) is looking like an interesting pick, as it just reached a key level of support. PLMR recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
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Palomar Holdings Inc. Profile
| Insurance Industry | Financials Sector | D. McDonald Armstrong CEO | XFRA Exchange | 69753M105 CUSIP |
| US Country | 439 Employees | - Last Dividend | - Last Split | 17 Apr 2019 IPO Date |
Overview
Palomar Holdings, Inc. is an innovative specialty insurance provider that focuses on offering property and casualty insurance products tailored to meet the unique needs of residential and commercial clients across the United States. Originally founded as GC Palomar Holdings, the company underwent a name change to Palomar Holdings, Inc. to reflect its broader mission and capacities. Since its establishment in 2013, Palomar has dedicated itself to addressing underserved insurance markets, leveraging a combination of in-depth industry knowledge and technological prowess to deliver exceptional insurance solutions. Headquartered in La Jolla, California, Palomar takes pride in its efficient distribution network, encompassing retail agents, wholesale brokers, program administrators, and strategic carrier partnerships, enabling it to serve a diversified client base effectively.
Products and Services
- Residential and Commercial Earthquake Insurance: Offers comprehensive coverage for damages caused by earthquakes, catering to both homeowners and businesses seeking protection against this natural calamity.
- Fronting: Provides licensed fronting arrangements for entities looking to offer insurance products without bearing the full risk, facilitating a regulatory-compliant and cost-effective approach to enter the insurance marketplace.
- Commercial All Risk Insurance: Delivers a broad spectrum of coverages for commercial properties, protecting against various risks not limited to but including natural disasters, fire, and theft.
- Specialty Homeowners Insurance: Tailored insurance policies designed for homeowners with unique needs that standard homeowners insurance may not fully cover, ensuring a higher level of customization and protection.
- Inland Marine: Covers property in transit over land, as well as certain types of property involved in communication and transportation, providing crucial coverage for goods and equipment while they are away from a fixed location.
- Hawaii Hurricane Insurance: A specialized insurance product catering to the specific needs of Hawaiian residents, offering protection against the devastating impact of hurricanes.
- Residential Flood Insurance: Essential coverage that guards homes against the damage caused by floodwaters, a crucial offering given the increase in frequency and severity of flood events.
- Assumed Reinsurance: Palomar extends its capabilities into the realm of reinsurance, assuming risks from other insurance companies to help them manage their portfolios effectively and spread risk.
