Palomar - M&A Summary and Business Overview

InsuranceCompany

Palomar M&A Summary

Palomar has acquired 2 companies, including 2 in the last 5 years.

Palomar has acquired in 2 different US states. The Company’s most targeted sectors include business services (50%) and insurance (50%).

Palomar Business Overview

Where is Palomar headquartered?

Palomar is headquartered in La Jolla, California.

What is Palomar’s revenue?

Palomar disclosed revenue of 376M USD for 2023 and 327M USD for 2022.

How many employees does Palomar have?

Palomar has 213 employees.

What sector is Palomar in?

Palomar is an insurance company.

When was Palomar founded?

Palomar was founded in 2013.

M&A Summary

M&A Total Activity2
- M&A Buy Activity2
Total Sectors Invested 2
Total Countries Invested 1

Palomar

Palomar Holdings, Inc.

7979 Ivanhoe Avenue Suite 500,
La Jolla, California 92037
United States,
(619) 567-5290
www.plmr.com

Palomar is an insurer that focuses on the provision of specialty property insurance for residential and commercial clients. Palomar’s underwriting and analytical acumen allow it to concentrate on certain markets that it believes are underserved by other insurance companies, such as the markets for earthquake, wind and flood insurance. Based in La Jolla, California, the company is an admitted carrier in 25 states. Palomar was founded in 2013 and is based in La Jolla, California.

M&A Summary

Buy vs Sell

Year		≤ '20	'21	'22	'23	'24	'25	T
Buy (0.4/yr)	#	-	-	-	-	-	2	2
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								2

Most Recent M&A

Company	Date	Value	Type
Advanced AgProtection	2025-03-20	-	Add-on Acquisition
Amarillo, Texas · www.aapcrop.com
First Indemnity of America Insurance Co.	2025-01-01	-	Add-on Acquisition
Morris Plains, New Jersey · www.fiasurety.com
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Business Services	1 (50%)	-	-	-
Insurance	1 (50%)	-	-	-
Total	2	-	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		2	-	-	-
	Texas	1	-	-	-
	New Jersey	1	-	-	-
Total		2	-	-	-

Company Summary

SECTOR

Insurance

Revenue

376 15%	2023
327 32%	2022
248 48%	2021
168 49%	2020
113 55%	2019
73 24%	2018
59	2017
(millions of USD)	Show More Show Less

Employees

213

Established

2013

Public

NASDAQ: PLMR

Former Name

GC Palomar Holdings

Investor History
2019-04-16
IPO

Genstar Capital PE
2014-03-12
Consolidation

Genstar Capital PE

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Palomar - M&A Summary and Business Overview

InsuranceCompany