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Palomar Holdings Priced, Nasdaq: PLMR

Specialty property insurance provider backed by Genstar Capital.

Industry: Financials

Latest Trade: $43.01 0.00 (0.0%)

First Day Return: +26.6%

Return from IPO: +186.7%

Industry: Financials

We are a rapidly growing and profitable company focused on the provision of specialty property insurance. We focus on certain markets that we believe are underserved by other insurance companies, such as the markets for earthquake, wind and flood insurance. We provide specialty property insurance products in our target markets to both individuals and businesses. We use proprietary data analytics and a modern technology platform to offer our customers flexible products with customized and granular pricing on an admitted basis. We distribute our products through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Our business strategy is supported by a comprehensive risk transfer program with reinsurance coverage that we believe provides both consistency of earnings and appropriate levels of protection in the event of a major catastrophe. Our management team combines decades of insurance industry experience across specialty underwriting, reinsurance, program administration, distribution, and analytics.
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IPO News for Palomar Holdings
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IPO Data
IPO File Date 03/15/2019
Offer Price $15.00
Price Range $15.00 - $17.00
Offer Shares (mm) 5.6
Deal Size ($mm) $84
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/16/2019
Offer Price $15.00
Price Range $15.00 - $17.00
Offer Shares (mm) 5.6
Deal Size ($mm) $84
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters La Jolla, CA
Founded 2014
Employees 63
Website www.PalomarSpecialty.com