During the corresponding time, Palomar Holdings Inc recorded a revenue increase by 59.73 % year on year, sequentially revenue grew by 10.09 %. While revenue at the Palomar Holdings Inc 's corporate clients
Palomar Holdings Inc's Comment on Sales, Marketing and Customers
The company primarily serves commercial customers through surplus lines policies, offering specialty insurance products including earthquake, casualty, crop, and surety insurance. It is the second largest earthquake insurer in California and the third largest in the United States. The company manages diverse specialty business by loss exposure, customer type, and geography to mitigate risks and reduce reinsurance costs. Recent acquisitions include FIA, which specializes in surety bonds for small- to medium-sized contractors in the Northeast United States; Advanced AgProtection, LLC (AAP), which focuses on crop insurance in Texas; and Gray Surety, which provides contract bonds for mid-sized and emerging contractors across the United States. The admitted insurance subsidiary, PSIC, is licensed in all 50 states, while the surplus lines subsidiary, PESIC, operates nationally. California is the largest market, accounting for 31% of gross written premiums as of December 31, 2025.
OLDWICK, N.J. - In an important update from the insurance sector, AM Best has affirmed that the Credit Ratings (ratings) for First Indemnity of America Insurance Company (FIA) remain unchanged following the announcement on August 6, 2024, of an agreement under which the company is to be sold. The sale agreement delineates that FIA will be transitioned from its current parent company, ABSCO Ltd. Corporation, to Palomar Holdings, Inc. NASDAQ: PLMR, with the transaction pending customary regulatory approvals. The sale is projected to reach completion either in late 2024 or early 2025. Unwavering Financial Strength FIA maintains its Financial Strength Rating (FSR) at A- (Excellent). This rating underscores the c...
Palomar Holdings Inc’s Comment on Sales, Marketing and Customers
The company primarily serves commercial customers through surplus lines policies, offering specialty insurance products including earthquake, casualty, crop, and surety insurance. It is the second largest earthquake insurer in California and the third largest in the United States. The company manages diverse specialty business by loss exposure, customer type, and geography to mitigate risks and reduce reinsurance costs. Recent acquisitions include FIA, which specializes in surety bonds for small- to medium-sized contractors in the Northeast United States; Advanced AgProtection, LLC (AAP), which focuses on crop insurance in Texas; and Gray Surety, which provides contract bonds for mid-sized and emerging contractors across the United States. The admitted insurance subsidiary, PSIC, is licensed in all 50 states, while the surplus lines subsidiary, PESIC, operates nationally. California is the largest market, accounting for 31% of gross written premiums as of December 31, 2025.
Sources:
Palomar Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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