Palomar Holdings, Inc. - Common stock (PLMR) Company Bio
Palomar Holdings, Inc. is an insurance holding company. It is mainly focused on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. The firm offers property and casualty insurance. The company was founded on October 4, 2013 and is headquartered in La Jolla, CA.
Palomar Holdings (NASDAQ:PLMR) estimates pretax catastrophe losses of $12.5M from Hurricane Ian for the third quarter.
The losses from Hurricane Ian also result in additional ceded reinsurance premium of $3.1 million, with $1.3 million recognized in the third quarter of 2022 and the remaining $1.8 million recognized ratably from October 1, 2022 to May 31, 2023, the company said.