Palomar Holdings, Inc. is a specialty insurance company that provides property and casualty insurance products to individuals and businesses. The company leverages underwriting expertise and data‑driven analytics to offer innovative solutions in five product categories: Earthquake, Casualty, Inland Marine and Other Property, Crop, and Fronting. It operates through admitted and excess and surplus lines using subsidiaries Palomar Specialty Insurance Company, Palomar Excess and Surplus Insurance Company, and First Indemnity of America Insurance Co., each holding an “A” financial strength rating from A. M. Best.

Palomar Holdings, Inc. generates revenue primarily by writing insurance policies and collecting premiums across its diversified product lines. Revenue is also derived from reinsurance arrangements, fee income from partnerships with program administrators and other carriers, and through fronting activities that enable third parties to use its licensed carriers. The company distributes its products via retail agents, wholesale brokers, program administrators, and strategic carrier partnerships, reaching a broad base of individual and commercial customers.

The company operates through the following segments:

• Earthquake: This segment offers residential and commercial earthquake products on both admitted and excess and surplus bases, providing coverage for home damage, contents, appurtenant structures, and temporary housing following earthquakes, with pricing based on granular geospatial data such as soil type, liquefaction risk, and proximity to fault lines.

• Casualty: This segment focuses on niche areas including excess and surplus casualty, primary casualty, real estate agent errors and omissions, excess liability, environmental liability, and surety coverages, utilizing experienced underwriters and thorough actuarial analysis to optimize pricing, terms, and limits.

• Inland Marine and Other Property: This segment includes inland marine, Hawaii hurricane, excess national property, residential flood, and other property products, written on admitted and excess and surplus bases directly and through program administrators to target larger‑limit business.

• Crop: This segment provides multi‑peril crop insurance tied to the USDA Risk Management Agency, covering revenue shortfalls from drought, hail, and wind, and also offers livestock and private product crop solutions.

• Fronting: This segment enables reinsurers, insurance carriers, and managing general agents to use Palomar’s licensed admitted and excess and surplus carriers to design and administer customized insurance programs, including issuing policies for partners lacking licensure or suitable product suites.

Palomar Holdings, Inc. holds a strong position in the specialty insurance market, ranking as the second‑largest earthquake insurer in California and the third‑largest in the United States. The company differentiates itself by targeting underserved niches, offering flexible policies not typically available from standard carriers, and maintaining the ability to write in both admitted and excess and surplus markets. Its analytical underwriting approach, multi‑channel distribution model, conservative reinsurance program, and proprietary technology platform provide competitive advantages over peers such as Kinsale Capital Group, RLI Corp., Skyward Specialty Insurance Group, W. R. Berkley, and Bowhead Specialty Holdings, as well as public entities like the California Earthquake Authority and the National Flood Insurance Program.

Palomar Holdings, Inc. serves a diverse customer base that includes individual homeowners, commercial businesses, real estate professionals, farmers, and contractors. The company also partners with over thirty insurance companies that use its carrier relationships for fronting arrangements and reinsurance access, further extending its reach across the insurance ecosystem.