Is Palomar Holdings, Inc. (NASDAQ:PLMR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Palomar Holdings, Inc. at current levels.
Specialty insurer compounding premiums at 40%+ while trading at 11x forward earnings, because the market still files it under 'earthquake stock'.
Where PLMR is headed
Palomar in 2028 looks nothing like the California earthquake monoline it IPO'd as in 2019. By the end of 2027, earthquake will be under 30% of gross written premium for the first time, with inland marine, crop (through the Advanced AgProtection acquisition closed in 2024), casualty, and fronting fees doing the heavy lifting. Gross written premium runs through $3 billion against roughly $1.6 billion in 2024, and the company keeps more of each dollar because the casualty book is structurally less reinsurance-dependent than the quake portfolio that built it.
Read the full Compass Direction on PLMR
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $126.33).
See the full PLMR analysisGet calls like this, free
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Frequently asked questions
Is Palomar Holdings, Inc. (NASDAQ:PLMR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Palomar Holdings, Inc. at current levels. Specialty insurer compounding premiums at 40%+ while trading at 11x forward earnings, because the market still files it under 'earthquake stock'.
What is PLMR's Compass Score?
Palomar Holdings, Inc. scores 90/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for PLMR?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the PLMR page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.