Palomar's annualized revenue growth of 52.6% over the last two years exceeds its five-year trend, signaling strong and accelerating demand in specialty lines. The company reported Q4 2025 results beating Wall Street expectations, with sales up 62.7% year-on-year to $253.4 million. PLMR is positioned as a top specialty insurer with strong growth in underserved, high-risk markets, especially earthquake and inland marine coverage.
Cyborg Score Rationale
Palomar's net premiums earned growth of 38.9% annualized over five years significantly outpaces the broader insurance industry, accelerating to 52.3% annually over the past two years. The company delivered $233.5 million in Q4 net premiums earned, up 61.1% YoY and beating analyst estimates by 13.2%.
Top Insights
Q4 2025 revenue of $253.4 million beat Wall Street estimates by 13.2% with 62.7% YoY growth.
Net premiums earned comprise 92.8% of total revenue over the last five years, making underwriting execution critical to performance.
Average analyst rating is "Buy" with 12-month price target of $156.29, implying 23.5% upside from recent prices.
PLMR significantly exceeded US Insurance industry return (-1.8%) and the broader market return (13.9%) over the past year.
Named Competitors
Property & Casualty Insurance — Regional property insurer focusing on earthquake and wildfire coverage
Specialty Insurance — Specialty property/casualty insurer for niche markets
Casualty & Surety — Specialty insurance in aerospace and commercial segments