# Palomar Holdings Palomar Holdings is a null based in La Jolla, United States. ## Overview - **Organization type:** null - **Headquarters:** La Jolla, United States - **Region:** North America - **Address:** La Jolla, CA, United States - **Founded:** 2014 - **Assets under management:** Undisclosed - **Website:** palomarholdings.com ## Regulatory record - **CRD number:** 285358 - **SEC file number:** 801-136031 - **Registration status:** Registered - **Reports private funds:** No - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/285358 ## About Palomar Holdings, Inc. is an SEC-registered investment adviser since 2026. The firm manages approximately $101 million in regulatory assets. It has 2 employees and 2 investment advisers. ## Sectors - InsurTech ## People - Mac Armstrong — Chief Executive Officer ## Questions ### Who runs investment decisions at Palomar Holdings? As a publicly traded insurance carrier rather than an asset manager, Palomar's primary capital allocation decisions — underwriting selection, pricing, and reinsurance purchasing — are overseen by CEO Mac Armstrong and the executive underwriting leadership team. The firm's investment portfolio, held against statutory surplus, is managed under board-approved guidelines, with specific investment officers handling day-to-day management of fixed-income and equity holdings (per the firm's 10-K filings). ### How is Palomar structured — as an insurtech, a carrier, or an MGA? Palomar is a full-stack admitted and excess & surplus lines insurance carrier, not an MGA, broker, or software vendor. The company uses its own balance sheet to hold risk, generates earnings from underwriting profit and investment income, and self-identifies as an 'insurtech' because of its technology-first approach to pricing, underwriting, and policy administration. ### What lines of business does Palomar underwrite, and what does it avoid? Palomar focuses on specialty property lines that standard carriers often exclude: residential earthquake, commercial earthquake, flood, Hawaii hurricane, and certain inland marine lines. The firm does not underwrite general liability, workers' compensation, commercial auto, or life and health lines. Its admitted residential earthquake book is concentrated in California, Oregon, and Washington. ### How does Palomar source business without direct-to-consumer distribution? Palomar distributes exclusively through a network of approximately 1,500 independent retail agents and wholesale brokers across the United States. The firm does not have a direct-to-consumer digital platform — its technology investment focuses on internal underwriting workflow, pricing models, and agent portal tools, not on disintermediating the agent channel. ### Is Palomar exposed to reinsurance counterparty risk? Yes. Like most catastrophe-exposed carriers, Palomar purchases significant reinsurance from Lloyd's syndicates, global reinsurers, and other counterparties to protect against severe earthquake and hurricane loss scenarios. The firm also generates fee income through a fronting arrangement in which it cedes premium to a third-party reinsurer, retaining a fee for its underwriting and distribution services (per the firm's 10-K, 2023). ### What investment stage does Palomar participate in? Is this relevant for LPs? Palomar does not raise outside LP capital, invest in startups, or operate as a venture capital vehicle. It is a publicly traded insurance holding company (NASDAQ: PLMR). Institutional allocators interested in insurtech exposure interact with Palomar by purchasing its publicly traded equity, not through fund commitments or co-investments. ## Related profiles - [Marzetti Co](https://altss.com/profile/marzetti-co) - [Park National Corp](https://altss.com/profile/park-national-corp-oh) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/palomar-holdings-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology