PLMR Palomar Holdings, Inc.
FY2025 10-K
Palomar Holdings, Inc. (PLMR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core business: Property and casualty insurance holding company with subsidiaries underwriting admitted and surplus lines policies across 50 states
- • New segment: Added Laulima Exchange, a Hawaii domiciled reciprocal exchange formed in 2023, managed as a variable interest entity
Management Discussion & Analysis
- • Revenue $2.03B gross written premiums, up 31.5% YoY from $1.54B in 2024, driven by increases in Casualty (+130.5%, +$307M) and Crop (+113.0%, +$131M)
- • Net income $197.1M, up 67.6% YoY; operating margin (underwriting combined ratio) improved to 76.9% vs 78.1%
Risk Factors
- • Regulatory risk: Potential changes in California insurance regulations limiting pricing and underwriting, impacting Palomar’s capital and underwriting ability
- • Macroeconomic threat: Economic downturn, inflation, or unemployment adversely affecting insurance demand, crop prices, and investment returns
Financial SummaryXBRL
Revenue
$876M
Net Income
$197M
Net Margin
22.5%
ROE
20.9%
Total Assets
$3.1B
EPS (Diluted)
$7.17
Operating Cash Flow
$409M
Source: XBRL data from Palomar Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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