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Palomar Holdings (PLMR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Palomar Holdings (PLMR) Q3 2026 earnings results →
Q3 2026 Revenue up 58% year over year to $387M · 17¢ of every $1 of revenue kept as net profit · operating margin 21.9%
Palomar Holdings made $387M in Q3 2026 (+58% Y/Y). Operating margin 21.9%, net earnings $65.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $386.6M in Q3 2026, up 58% year over year and up 23% from the previous quarter.
Operating profit was $84.7M, a 21.9% margin (down 5.5 points year over year). Of the extra revenue versus Q3 2025, 12% reached operating profit, below the 27% margin then. Total costs grew 70% against revenue growth of 58%. Net earnings were $65.3M, up 27% year over year. The effective tax rate was 22.9%.
Operating cash flow was $120.6M (up 44% year over year), 185% of net earnings. Non-cash charges added back $7.0M of share-based compensation. Working capital and other items added $48.2M. Capital expenditures of $70K left free cash flow of $120.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $387M | +58% | 21.9% | $65.3M | $121M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $314M | +55% | 22.2% | $52.6M | $167M |
| Q1 2026 | 10-Q | May 8, 2026 | $279M | +60% | 19.2% | $42.9M | $47.0M |
| Q4 2025 | 10-K | Feb 24, 2026 | $253M | +63% | 28.7% | $56.2M | $117M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $245M | +65% | 27.4% | $51.5M | $83.6M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $203M | +55% | 29.5% | $46.5M | $121M |
| Q1 2025 | 10-Q | May 6, 2025 | $175M | +47% | 30.8% | $42.9M | $87.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Palomar Holdings
We are a specialty insurance company that provides property and casualty insurance products to individuals and businesses. We leverage underwriting expertise and data-driven analytics to offer innovative solutions in five product categories: Earthquake, Casualty, Inland Marine and Other Property, Crop, and Fronting. We offer coverage in both the admitted and excess and surplus lines (“E&S”) markets, utilizing proprietary data analytics and a technology-enabled platform to support customized underwriting and pricing. Our insurance company subsidiaries, Palomar Specialty Insurance Company (“PSIC”), Palomar Excess and Surplus Insurance Company (“PESIC”), and First Indemnity of America Insurance Co. (“FIA”) carry an “A” financial strength rating from A.M. Best Company (“A.M. Best”), a leading rating agency for the insurance industry.
In its own words, from its 10-K, filed Feb 24, 2026.
Palomar Holdings against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +58% against the peers' median +3%. Operating margin: 21.9% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PLMR Palomar Holdings | Q3 2026 | $387M | +58% | 21.9% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Palomar Holdings 10-Q on SEC EDGAR · CIK 1761312 · Fire, Marine & Casualty Insurance
Guidance and outlook
13F: who owns PLMR and who is buying
More on PLMR
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results